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6 August 2016

[StarBiz] Hii leverages on his experience in education sector

TAN Sri Clement Hii’s upcoming launches under his “H Educity” series is a combination of residential and commercial projects with an educational component.

“Residential and commercial projects built around schools or tertiary institutions tend to sell fast because there is a need for supporting infrastructure like shops, restaurants and residences for staff and students,” he says.

So far, construction has started on 12 acres in Setia Alam in Shah Alam opposite the Setia City Mall where Hii will built an offshore campus for The Peninsula School from Melbourne. This will be the first to take off in his H Educity series.

Hii, who founded the educational SEGi group and is group MD of SEG International Bhd (SEGi University and Colleges), says HCK Properties Sdn Bhd will be driving the development as project manager for the Setia Alam project.

HCK Properties is part of Hii’s other business interest under HCK Capital Group Bhd, an investment holding company where he is executive chairman.

Under his HCK Group of Companies, his private vehicle, are various other companies. One of them, Global Activate Sdn Bhd will develop The Peninsula School’s 12-acre project, he says. On completion, the school will be managed by HCK Capital Group Bhd.

The project is expected to be completed in August, 2017. It will have a capacity for 1,300 students and a total GDV (gross development value) of RM1.3bil, Hii says.

The Australian co-educational school was founded in 1961 and started out as a boys-only school. It began enrolling girls in 1993. The school offers the Victoria Certificate of Education (VCE), a pre-university qualification recognised by leading universities worldwide, Hii says.

Hii’s second “H Educity” project is in Cyberjaya opposite the Multimedia University.

This will be a 24-acre RM280mil full-fledged campus which he will be building for the Cyberjaya University College of Medical Sciences and will be able to accommodate up to 10,000 students, he says.

The university college is currently located in another site and according to its website, it currently has a student population of 3,500.

It is uncertain what its actual current capacity is. The 24 acres will have 10.83 acres (or 45.2%) for residential developments, 8.63 acres, or 35.8% for commercial use and 16.7%, or 4 acres, for the campus. The balance 0.54 acres or 2.3% will be for infrastructure developments like road systems, Hii says.

HCK Capital Group will develop this project via its 70% owned subsidiary Aspen Entity Sdn Bhd, Hii says.

The retail and residential components, together with the university college campus, will have a GDV of RM1.8bil, Hii says. The campus is scheduled to be completed by August 2017 while the other remaining two components will depend on the rate the units will be taken up, Hii says.

Another “H” series project is in Semenyih where HCK Capital Group Bhd owns 30 acres next to Nottingham University. Hii’s fourth “H Educity” series is a 15-acre commercial project at Cybervalley, Cyberjaya which the HCK Capital Group Bhd owns. Both the Semenyih and the Cybervalley projects have a potential GDV of RM2.2bil, he says. Both projects are in the planning stages.

Along the same education-property vein, Hii says his private company is also developing an educational enclave on 60 acres in Menglembu, Ipoh with a GDV of RM600mil. The project offers a mix of residential and educational elements and is 35% completed.

“We will change the face of education in Perak and make an impact there,” he says.

While the bulk of his projects thus far have an education element, Hii is quick to add that he will not be limited by the mould he has made for himself.

With land in Matang, Kuching and in Mont’Kiara, he is also looking at residential projects, which together will have a GDV of RM370mil. Hii will also be involved in the development of a RM150mil industrial project in Muara Tebas, Kuching, Sarawak.

Over in the Klang Valley, the HCK Capital Group is also going to ink a joint venture (JV) to develop a 10-acre site in Sungai Buloh which will have a GDV of RM1.5bil. He does not want to talk too much about that for the time being.

He is also in final stages of talks for JVs in strategic plots in Section 14, Petaling Jaya and Tebrau, Johor Baru.

At this juncture, all he is prepared to say is he is “about to sign contracts with government-linked corporations.”

Hii says the group will also have an Aquacity series with an ocean theme. This will be seen in the Mont’Kiara project and another parcel the company is in final stages of buying.

“In the long run, HCK Capital Group is eyeing more ambitious projects involving larger parcels surrounding the Klang Valley and Kuching which involve developing international theme parks supported by commercial and residential components for locals and tourists. We are talking to parties from the US at present,” he says.

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