YNH Property Bhd (YNH) has obtained a development order from the Kuala Pilah District Council (MDKP) recently to proceed with a 2,200-unit mixed development township in the heart of Negri Sembilan.
Situated about 40km from the state capital of Seremban, the township is envisioned to become an economic growth catalyst for the Kuala Pilah district while catering to the strong demand for quality yet affordable homes. The total gross development value (GDV) of the township is estimated at RM600 mil.
“The development order we have received from MDKP for this township in Kuala Pilah is an important milestone for YNH as it marks our entry into Negri Sembilan, a high-growth region within the Southern Corridor of Greater Kuala Lumpur,” commented YNH’s general manager James Ngio.
“We look forward to bringing our proven expertise as well as strong track record in township development to the state. We are also confident that this new township will contribute towards positive socio-economic growth.”
YNH has the track record of developing 13,000 units of mixed developments in the township of Seri Manjung, Perak since 1982 that had attracted a significant number of residential, retail and commercial interest in addition to spurring tourism activities in the area.
“The development of the Kuala Pilah township is expected to contribute positively to the group’s performance over the next five years. This project will also solidify our reputation as a developer of choice for successful townships,” added Ngio.
YNH disclosed that the project masterplan which is currently being finalised will focus on sustainability which encompasses the “live, work and play” concept. Individual titles for the project have also been obtained from Kuala Pilah Land Office.
Phase 1 of the project which consists of 500 residential units is expected to be launched in 2Q 2023.
Located within the proximity of Kuala Pilah town and Bahau town, the new township by YNH will have access to readily available amenities such as Lotus’s (formerly Tesco) and Giant hypermarkets, hospitals, restaurants and banks, among others.
At 4.45pm, YNH was untraded at RM4.97 which values the property developer at RM2.63 bil. – April 7. 2023
