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  • Developer Emkay Group Confident Revenue Will Grow In 2014
  • Developer Emkay Group confident revenue will grow in 2014

    BY S. PUSPADEVI

    One year to go: Ahmad Khalif with a mock-up of Autoville, which is slated for completion by the end of next year.

    PROPERTY developer Emkay Group is confident that its revenue for next year will be higher with several projects it has in the pipeline.

    Chief executive officer Ahmad Khalif Mustapha Kamal said the group’s revenue is expected to hit RM500mil this year, up by 25% from last year, before hitting a projected RM600mil next year.

    “With several projects in the pipeline, we are certain that we will hit out target,” said Ahmad Khalif after launching the piling works on its Autoville development showed via live video at Wisma Mustapha Kamal in Cyberjaya recently.

    Located on a 4ha plot of land directly fronting Persiaran Multimedia, Autoville is the first light industrial project in Cyberjaya developed by Emkay Group, which is slated for completion by the end of next year.

    “The response has been good so far with more than 90% of the units sold,” said Ahmad Khalif, adding that the project has a gross development value of RM100mil.

    He said the development, earmarked for automative-related businesses was warmly received among those in the industry as well as investors.

    Autoville consists of 40 light industrial units comprising 22 units of two-storey terraces, 14 units of three-storey semi detached units and four detached units with sizes ranging from 2,800sq ft to 7,100sq ft.

    The units are priced from RM1.5mil to RM6.4mil each.

    The automative-related businesses include car showrooms, 3S or 4S centres, service and repair workshops, accessories and cosmetics workshops.

    “We are confident that the investment made by automative companies and investors is a good move.

    “This will not only provide convenience for the smart city’s residents and workers, but also cater to the growing population, which is expected to double to 100,000 in 2016,” he added.

    Futuristic: An artist’s impression of Autoville’s semi-detached units.

    “Cyberjaya is a well-connected via the Maju Expressway and the NKVE, and it is a good location to set up business,” he said.

    He added that the group looked forward to increasing its investments in Cyberjaya to about RM5bil over the next few years.

    On other developments in the pipeline, Ahmad said the company would be launching the first phase of 3,682 units of affordable housing by the first quarter of next year, apart from other office buildings and housing projects.

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