Chin Hin Group Expands KL Landbank with RM31.7 Million Segambut Acquisition
Chin Hin Group Property Bhd (CHGP) continues to strengthen its position in Malaysia’s capital city, announcing the acquisition of a freehold parcel in Segambut, Kuala Lumpur, for RM31.74 million.
The deal, executed through its wholly owned subsidiary BKHS Capital Sdn Bhd (via BKG Development Sdn Bhd), underscores the group’s strategic push to expand its footprint across prime Kuala Lumpur locations, with a focus on sustainable and high-demand residential developments.
1. A Strategic Site in Segambut’s Growth Corridor
The newly acquired land — measuring approximately 1.88 acres at Lot 449, Tempat Segambut — sits in a well-connected district that bridges Mont Kiara, Dutamas, and Jalan Ipoh, three of Kuala Lumpur’s fastest-evolving neighbourhoods.
Once primarily industrial, Segambut is now emerging as an exciting residential and mixed-use precinct, driven by improved connectivity through the Duke Expressway, Jalan Kuching, and Jalan Segambut upgrades, as well as proximity to the upcoming MRT3 Circle Line.
CHGP plans to transform the freehold parcel into a modern high-rise serviced apartment project featuring approximately 585 residential units, catering to urban professionals and young families seeking accessibility, lifestyle, and value.
2. RM239 Million GDV Project Anchored in Sustainable Urban Design
According to CHGP, the project carries a gross development value (GDV) of RM239.1 million with a gross development cost (GDC) of RM203 million.
Construction is targeted to begin in 2027, with completion slated for 2031.
Preliminary feasibility studies project a pre-tax profit of RM36 million, translating into an estimated 15% profit margin — a healthy indicator of long-term viability and investor confidence in KL property investment.
The land purchase was negotiated on a willing-buyer, willing-seller basis with Triple-H Auto Parts Sdn Bhd, the registered proprietor of the site. Funding will be supported through internal resources and bank borrowings, with the transaction expected to be finalised in the second half of 2026.
3. Strengthening Chin Hin’s Urban Development Pipeline
This latest move builds upon CHGP’s growing momentum in the Kuala Lumpur property market.
“This acquisition strengthens CHGP’s foothold in Kuala Lumpur’s residential market. Segambut’s strategic location and connectivity make it an ideal site for a modern, lifestyle-driven residential development,” said Chang Tze Yoong, Group CEO of CHGP’s Property Development Division.
He added that the project aligns with the group’s focus on quality urban housing and sustainable growth, noting that Segambut offers the right balance between affordability and proximity to KL’s key commercial zones.
“This latest acquisition is part of our ongoing strategy to expand our property development portfolio across prime locations, reinforcing our commitment to delivering long-term value to shareholders,” the company said in a statement.
4. Why Segambut Is Emerging as a New Urban Hotspot
Once viewed as a transitional area between established neighbourhoods like Mont Kiara and Kepong, Segambut is now evolving rapidly as a prime target for redevelopment.
Recent infrastructure projects, including road widening, upgraded interchanges, and new transit access, have unlocked the district’s residential appeal. Its proximity to MITEC, Publika, and KL Metropolis also means future residents can access premium amenities, offices, and retail options within minutes.
From a property perspective, Segambut offers:
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Freehold urban land scarcity within city limits
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Strong rental demand due to nearby education and business hubs
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Transit-oriented potential with MRT3 integration
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Mid-range pricing that attracts both owner-occupiers and investors
For developers like Chin Hin Group, this makes Segambut an ideal testing ground for innovative housing concepts that blend convenience, community, and urban sustainability.
5. Chin Hin’s Broader KL Growth Strategy
The Segambut acquisition follows a series of strategic land and project developments that signal CHGP’s expanding presence across the Greater Kuala Lumpur region.
Recent initiatives include:
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The RM1.1 billion Taman Connaught project in Cheras, set to launch in 2026,
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The Arina Skyview development in Jalan Ipoh,
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And earlier ventures in Mont Kiara and Seri Kembangan, which showcase the group’s integrated approach to urban renewal and smart-living concepts.
These developments highlight CHGP’s consistent focus on high-rise residential projects in prime, growth-ready locations, ensuring a diversified yet synergistic portfolio across central Kuala Lumpur.
6. KL Property Investment Outlook: Confidence Amid Opportunity
The timing of this acquisition aligns with Kuala Lumpur’s property market revival, supported by stable lending conditions, upcoming transport infrastructure, and renewed foreign interest.
Data from the National Property Information Centre (Napic) shows that while the overall market remains selective, city-fringe neighbourhoods with good connectivity and livability — such as Segambut, Jalan Ipoh, and Salak South — are outperforming.
Investors are increasingly drawn to freehold projects near KL city, where long-term appreciation potential remains strong amid constrained land supply.
For first-time buyers and upgraders, Segambut’s appeal lies in its balance of urban accessibility and attainable pricing, especially compared to fully matured areas like Mont Kiara.
7. A Sign of Growing Developer Confidence
Chin Hin Group’s Segambut purchase reflects a broader trend among Malaysian developers returning to the capital with renewed confidence after several cautious years.
By banking on emerging pockets of growth within Kuala Lumpur, CHGP is aligning itself with the city’s next wave of transformation — one defined by smart design, strategic transit access, and sustainable value creation.
As construction begins in 2027, the development will not only reshape Segambut’s skyline but also reinforce the narrative that Kuala Lumpur remains a city of opportunity for investors seeking both stability and growth.
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