How many bungalow plots are planned for Phases 2A and 2B of Genting Valley?

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168 Bungalow Plots Planned for Genting Valley Phases 2A and 2B

NCT Alliance Bhd is targeting the launch of Phases 2A and 2B of the Genting Valley project by year-end, encompassing a total of 168 individual bungalow plots. These phases are situated on approximately 79.9 acres of freehold land in Batang Kali, Selangor, and are expected to generate a gross development value of RM500 million.
Development of Phases 2A and 2B

Phases 2A and 2B of the Genting Valley project collectively comprise 168 bungalow plots. These plots are part of a larger landed residential development planned for the area. The developer, NCT Alliance, aims to offer these properties as an affordable landed property option on sizeable freehold land, contrasting with the high-rise developments common in the vicinity.
Project History and Rehabilitation

The original Genting Valley project was initiated in the year 2000, featuring a total of 665 bungalow plots spread across five phases. However, the development was halted and abandoned by its initial developer in 2004. NCT Alliance Bhd, through its subsidiary NCT Noble Sdn Bhd, has been proposed by the liquidator to undertake a scheme proposal to revive and complete Phases 2 and 3 of the project, marking NCT Alliance's first direct appointment for a rehabilitation initiative.
Financial Projections and Market Context

The anticipated gross development value for Phases 2A and 2B is RM500 million. NCT Alliance's executive chairman and group managing director, Datuk Seri Yap Ngan Choy, expressed optimism about the project's smooth progress, expecting it to contribute positively to earnings in 2023. This outlook is further supported by the government's RM2 billion housing guarantee scheme announced as part of Budget 2022, aimed at supporting the nation's economic recovery.

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How many bungalow plots are planned for Phases 2A and 2B of Genting Valley?

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