MCT Berhad is banking on joint venture and land acquisition opportunities to fuel future growth and expand its development footprint, says its chief executive officer, Teh Heng Chong.
Teh said the group is targeting prime areas within the Klang Valley and to develop products in various market segments.
"Recognising the prevailing uncertainties in the environment, we have quickly pivoted to broaden our product offerings to support future growth and build business resiliency," Teh said.
MCT has an undeveloped land bank of about 116 hectares currently with a total future GDV of about RM11.4 billion.
Teh said that the group is anticipating a stronger performance this year.
He expects the property market to continue its path towards recovery with the global economy gaining steady progress following the recent Covid-19 vaccine roll-out.
Teh said the low-interest rate environment and reintroduction of the Home Ownership Campaign presents good buying opportunities and he believes that more homebuyers will be searching for their dream home.
MCT is beefing up its operation and aims to launch seven new developments this year with a combined gross development value (GDV) of RM2.2 billion.
The seven new developments include Aetas Damansara, a high-end residential project at the Tropicana Golf & Country Resort in Damansara; Alira in Tropicana Metropark, Subang; and, Sanderling Lakefront Residences in Cyberjaya.
MCT will also launch a boutique commercial centre at Lakefront Cyberjaya; the maiden phase of Cybersouth Town Centre in Dengkil; as well as a residential development in USJ Subang and Cybersouth.
'Beacon' projects that will set the pace for growth this year
Teh said that MCT has list Aetas Damansara as its 'beacon' project in setting the pace for growth this year.
He said the development, comprising 226 units of upscale residences priced from RM1.97 million has garnered a healthy take-up rate since its soft launch in November 2020.
The development will be officially launched this month, he said in a statement.
With a GDV of RM564 million, Aetas Damansara is MCT's maiden luxury residential project, jointly curated with Ayala Land, Inc, the largest property developer in the Philippines.
The development sits on a 0.7ha piece of prime land offering scenic views of the fairways of Tropicana Golf and Country Resort.
It offers a wide selection of spacious and luxurious layouts, from three-bedroom to four-bedroom units.
Teh said that Aetas Damansara is the hallmark of refined residences designed to elevate people's way of life and urban luxury living.
He said that it echoes MCT's new vision to set a new benchmark of living spaces anchored on three key elements – bespoke design, efficient space planning and best-in-class fittings.
MCT has also identified Phase One of Alira and the Sanderling Lakefront Residences as main contributors to the group's sustained sales performance for the year.
Targeted for launch in the current quarter, Phase One of Alira, with a GDV of RM316 million, comprises 492 units of resort-style apartments with built-up areas from 695 sq ft to 1,048 sq ft.
The Sanderling Lakefront Residences consists of 606 units of condominiums priced from RM475,000. The project will be launched in the second quarter of this year.
On the group's performance in 2020, Teh said that MCT has achieved a record high of over 3,053 completed units handed over to homeowners of Selangorku PR1MA Lakefront Homes, Lakefront Residence (Phase Two) in Lakefront Cyberjaya, as well as Casa Bluebell and Casawood, landed residential developments in Cybersouth township.