Arata Tijani @ Kenny Hill

KUALA LUMPUR: CBD Properties will be having an event for the final phase of the 42-acre Tijani development in Bukit Tunku, popularly known as Kenny Hills, in Kuala Lumpur on Saturday, July 24.

This final phase, a freehold condominium project called Arata of Tijani, has a gross development value (GDV) of RM122 million and comprises a three-tower development of 10 storeys each with three units per floor, said executive director Chan Wing Kwong

There are a total of 100 units for sale that are priced between RM630,000 and RM1.7 million per unit, with the average price per square foot ranging from RM750 to RM900.

There are 10 layouts designs to choose from, including a 2-bedroom unit with built-up of 900 sq ft; 3-bedroom unit, with a built-up of 1,795 to 2,323 sq ft; and 3+1 bedroom unit with built-up of 2,217 to 2,411 sq ft.

Arata is on a remaining 1.24 acres in Tijani and completes the full picture of our four phase development in Tijani. 

  

The Tijani development consists of Tijani 1, Tijani 2 South and Tijani 2 North and now Arata. Tijani 1 comprises 33 bungalow plots with land areas measuring 10,500 sq ft up to 55,000 sq ft on 22 acres. It was targeted at those 50 years old and above and the “old rich” in Bukit Tunku who prefer landed property and the greenery in a secured environment. 

At its launch in 2001, prices were from RM220 psf while secondary prices today are from RM380 psf to RM400 psf, amounting to a capital appreciation of about 80%. All plots have been sold.

In 2005, Tijani 2 South and Tijani 2 North were launched. The RM170 million Tijani 2 South was completed in 2007 and comprises ten bungalows and 44 semi-detached houses on 11.3 acres. These were targeted at the 40-somethings, Chan said.

The bungalows have land areas from 7,200 sq ft to 10,000 sq ft with built-ups from 7,000 to 7,600 sq ft. The houses sold for RM4.7 million to RM6 million at launch and now have appreciated to about RM8 million on the secondary market.

The semi-detached houses have areas of 3,600 sq ft and built-ups of 4,600 sq ft to 4,800 sq ft. The selling price at launch was RM2.3 million to RM4.1 million. It has now appreciated 65% with prices on the secondary market going for roughly RM3.8 million onward.

Completed in 2008, the RM330 million Tijani 2 North consists of low-rise condos comprising 70 duplexes and 84 average units on a 7.4-acre site. The built-up of the duplexes are 2,942 sq ft to 2,996 sq ft, while condominiums have built-up sizes of between 2,827 sq ft and 3,133 sq ft.