PETALING JAYA: Minister of the Federal Territories Datuk Seri Tengku Adnan bin Tengku Mansor recently officiated the groundbreaking ceremony of Hemmon House, a 40-storey serviced residence located at Jalan Inai, which will be developed by a Hong Kong developer.
The development is planned in conjunction with the Economic Transformation Programme (ETP), which was introduced to propel Malaysia towards a developed nation status by 2020, said Tengku Adnan during the ceremony on Monday.
Built upon 10,700 sq ft of land which was previously a bungalow lot, the high-rise is a low density development which consists of 90 dual keys ensuite units.
The project developer, Forebase Property Sdn Bhd, is headed by chief executive officer and founder Frankie Wong and director Freya Tseng, who are both experienced operators in Hong Kong’s real estate industry.
Frankie Wong said after five years of property investments in Kuala Lumpur, he and his partners found a niche in the city-living market and decided to plan their own project.
“This project is targeted to foreigners and local investors alike that are looking for boutique condominium that pays attention to details and fine craftsmanship. The infrastructures here are amazing and there are many mega projects such as the MRT line, Tun Razak Exchange (TRX), Bandar Malaysia and other government projects undergoing.”
“We found Kuala Lumpur to be investor-friendly as it is governed efficiently and filled with passionate people. On top of that, the low cost of construction is a huge advantage. Hence, it is a very good business environment for the foreign investors,” he added.
As the granddaughter of the renowned founder of Tseng Brothers Construction Company, Freya Tseng is no stranger to the real estate industry. Tseng Cheng, OBE, JP, a veteran developer in Hong Kong since 1940s, has helmed big projects like Repulse Bay Garden, Evergreen Villa, the Star House, the Austin Tower and the Rutonjee Hospital, to name a few.
Raring to follow after her grandfather’s working and entrepreneurial spirit, Freya said she is eager to seize the great opportunity for property development in Kuala Lumpur.
“The good location, timing in Kuala Lumpur as well as the strategic partnerships present as a great opportunity and gives me the confidence to pursue our first property development here,” she said.
Nestled in the heart of Kuala Lumpur city centre, Hemmon House’s unique design seeks to promote the essence of exclusivity and elegance.
With its unique and meticulous design, the owners can split their unit into a residential and working space. Besides that, the dual-key design gives owners the option of renting a room out for passive rental income.
The facilities and utilities offered to Hemmon House’s owners include an all-covered car park, sky garden, Jacuzzi, electric car pod, Wi-Fi coverage and a multifunction room.
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