PRESS RELEASE

Speech at the Signing Ceremony between Aset Kayamas Sdn. Bhd.

and Malaysia Building Society Berhad (MBSB)
THE HAUTE Another Avant-Garde Property Project by Aset Kayamas!
KUALA LUMPUR, June 01, 2016 The official signing ceremony between MBSB and
Aset Kayamas has marked another significant milestone of Aset Kayamas, acquiring
the bridging loan of RM425 million for the recent Park Hill and PPA1M projects. The
signing ceremony between Aset Kayamas, represented by its Founder and Chairman,
Tan Sri Datuk Chai Kin Kong, and Malaysia Building Society Berhad (MBSB),

represented by its CEO, Dato Ahmad Zaini Bin Othman, witnessed by the Director of
MBSB, Dato Jasmy Bin Ismail and the Executive Director of Aset Kayamas, Michael
Chai, was held in line with the official launching of the new 3 -storey head office
building of Aset Kayamas located at Batu 5, Jalan Klang Lama, Kuala Lumpur. Also
present at the signing ceremony was the Managing Director of Aset Kayamas, Ms.
Yvonne Chai.
Through a corporate loan amounting to RM40 million for the construction of
the new headquarters building of Aset Kayamas, this recently built head office
building which comprises approximately 50,000 square feet built-up area has
portrayed another form of financial support of MBSB towards Aset Kayamas. As
compared to its former 11,000-square-feet head office with a capacity to
accommodate about 150 employees, this new headquarters has extended its
capacity to accommodating approximately 350 employees. With such progress, we
foresee a 10 to 15 per cent growth of workforce within the next three months, said
Michael Chai, the Executive Director of Aset Kayamas.
In his speech, Michael Chai has also expressed his gratitude towards MBSB
for its continuous financial support to Aset Kayamas throughout its journey in real
estate development, making it possible for Aset Kayamas to continuously grow and
developed more residential projects for the public, including the bridging loan for
the two upcoming projects, namely The Hamilton and The Haute, to be financed by
MBSB.

Page 1 of 3

PRESS RELEASE
Driven by our vision to create a benchmark and become a leader in real
estate industry by delivering a sustainable growth to all partners within the group
of companies, Aset Kayamas is pleased to have found a solid and reliable financial
service provider such as MBSB, which has provided us with continuous financial
support. And with such financial backing from MBSB, it has enabled us to
successfully bring forth various residential property developments, including two
upcoming projects, namely the Hamilton project in Wangsa Maju and The Haute in
Dato Keramat, with a total loan amounting to RM200 million to be financed by
MBSB, expressed Michael Chai, the Executive Director of Aset Kayamas. He further
emphasised, With these two upcoming projects financed by MBSB, we foresee a
great market potential with an estimated RM340 million of Gross Development
Value (GDV) for The Hamilton project and RM220 million for The Haute project.
Derived from a French word, The Haute signifies the concept of high-class,
modern living adorned with artistic architectural design, offering comfort,
practicality and style. Located approximately 3 kilometres away from KLCC, The
Haute comprises 274 units with 6 different design layouts, including a limited
edition of 22 Duplex units. And one of the most remarkable and unique features of
The Haute is the Fireflies Garden created with sophisticated lighting technology,
providing the special visual effect of fireflies in motion, adorning the night sky.
Besides its various amenities to promote modern living convenience, The
Haute will also be equipped with various facilities and settings for leisure such as
Aerial Yoga Deck, gymnasium, topiary garden and water features, a sky deck with an
open theatre, and so forth, to further promote a relaxing lifestyle amongst the
residents of The Haute within the bustling cosmopolitan city of Kuala Lumpur. The
Haute project is due for completion by the end of 2019.
With such new progress in the property development journey of Aset
Kayamas, we anticipate much greater long-term collaboration with MBSB in near
future. Again, on behalf of Aset Kayamas, I wish to express our most sincere thanks
to MBSB for their continuous financial support to us, said Michael Chai, the
Executive Director of Aset Kayamas, before officiating the opening of Aset Kayamas
Page 2 of 3

PRESS RELEASE
new head office in line with the signing ceremony with MBSB which has recorded
another remarkable achievement of Aset Kayamas in the real estate industry. Before
concluding his speech, Michael Chai also took the opportunity to thank the press
members for their continuous support towards Aset Kayamas, including The Star,
China Press, Sin Chew Daily, Nanyang Press, The Edge, New Straits Times, and Berita
Harian.
ABOUT ASET KAYAMAS
Aset Kayamas Group of Companies was established by Tan Sri Datuk Chai Kin Kong in 2011
with a primary focus to deliver comfortable homes that are founded in quality and
affordability. A visionary with a passion for property development, Tan Sri firmly believes
that everyone should be able to own a home that reflects their desired lifestyle and
standard of living.
It is this founding conviction that has underlined our Groups steady growth throughout the
years. Aset Kayamas expanding portfolio features various luxurious residential
development projects such as ParkHill in Bukit Jalil, The Henge in Kepong and The Holmes in
Bandar Tun Razak. We are also working on several affordable housing projects across the
Klang Valley in collaboration with the Government under the Perumahan Penjawat Awam
1Malaysia (PPA1M) and Rumah Mampu Milik Wilayah Persekutuan (RUMAWIP) schemes.
The strategic locations and accessibility of all Aset Kayamas projects are matched by our
efforts to provide the best amenities and facilities within the developments key aspects
that have contributed to the continued success of our properties among investors and
buyers. Not only that, we believe in going beyond delivering comfortable homes to ensure
that our valuable natural resources are preserved and well-maintained at all times. Our
current CSR activity aims to not only create a green lung within the city centre, but to also
promote an environment that can be enjoyed by everyone in the community.

CONTACT INFORMATION
MARKETING DEPARTMENT OF ASET KAYAMAS
Telephone
Address
Email
Website

: +603 7989 9888

: Aset Kayamas Sdn. Bhd, Lot 33545, Batu 5,
Jalan Klang Lama, 58000 Kuala Lumpur.
: siankien@sinerjuta.com
: www.asetkayamas.com

Page 3 of 3