WITHOUT doubt, this will be a busy year for the See Hoy Chan Holdings Group with several projects in different sub-sectors of the property sector pending launch. One thing though has not changed – its founder and chief steward Datuk Teo Chiang Kok continues to remain hands on as far as the group's operations are concerned.
Every once or twice a week, on a working day, he takes a 5km walk around the old and new wing of the 1 Utama mall by himself. (See Hoy Chan's flagship development is Bandar Utama in Petaling Jaya)
“I want to know what’s the feeling on the ground,” Teo, 60, says.
“Developers want to create an address but essentially, it is the residents themselves who create the address,” says Teo.
On its focus on condominium development from now on, Teo says phase one, 1 Bukit Utama, sits on 15 acres. It has 586 units and was completed more than a year ago and purchasers have moved in. Phase one is currently in the RM500,000 region. Developer’s price was about RM400,000 four years ago.
“Our second central park Westlake will be for residents only. There will be a full Olympic-sized pool, multipurpose hall and squash courts, with options to join. That way, if you do not choose to join, you will still have your own pool and tennis courts below.
“The next thing is a nine-hole golf course, which adds to the green and acts as a buffer. Maintenance cost will be minimised because we will use cow grass, instead of Bermuda grass, which does not need fertiliser or only a tenth of it. Indigenous trees will not need pesticides and hormones.
With his fingers in every pie, Teo will also be commencing construction of a new 25-storey new office block between 1 Utama shopping mall and the five-star One World hotel.
One World Hotel is expected to start operations by May and will be managed by the group. The group will manage most of the commercial and retail properties they own.
“Through that, we hope to create the expertise to manage more hotels which we would acquire or construct on our own. That is our plan. We are already in the game, with a team which runs the retail property from 1 Utama to entrepoint.”