Mutiara Spaces’ RINI HOMES 8 Finale Project Records 100 Per Cent Take-up Rate

SKUDAI, 30 April 2024:  The recently launched Rini Homes 8 Finale by Mutiara Spaces, under the umbrella of Boustead Properties Berhad (Boustead Properties), garnered an impressive market reception. The project achieved an amazing 100 per cent take-up rate within one day since its official launch in March 2024, underscoring its allure and demand among prospective homeowners.

This high demand reflects the project’s desirable location, contemporary design, and the growing market trend among homebuyers seeking quality living spaces. Located in the thriving Mutiara Rini township in Skudai, Johor, Rini Homes 8 Finale represents the second last phase of the 1,438-acre development by Boustead Properties that has transformed the landscape of Skudai.

Khairul Azizi Ismail, Chief Executive Officer of Boustead Properties Berhad, said,  Rini Homes 8 marks another milestone in our journey of reinvention and excellence, with an impressive take-up. Since its launch, Rini Homes 8  has garnered over 5,000 registrants. Besides repeat buyers, Rini Homes 8 Finale has also been able to reach out to the younger generation and we are delighted that they will be making Mutiara Rini township their chosen home.”

Rini Homes 8 Finale offers 180 contemporary double-storey homes designed to embody quality living and comfort in a sought-after location. Each home in this final phase features four bedrooms, four bathrooms, and generous living spaces ranging from 2,063 to 2,436 sq ft on lot sizes of 22’ x 70’. Priced from RM818,000, these residences prioritise space, modern design, and premium living experiences.

According to Khairul Azizi, the high market interest towards Mutiara Rini township homes spurs Mutiara Spaces to continue offering quality living spaces that meet the evolving needs of homeowners. “We are preparing to launch Rini Hills 3, the final residential development of  Mutiara Rini township, which is poised to offer diverse living options and investment opportunities. Following the success of Rini Homes 8 Finale , we anticipate a strong market response for Rini Hills 3,” he said.

“Our Mutiara Rini township is more than just a property development. It is a community-focused township with amenities like the 64-acre urban forest where we collaborated with FRIM, extensive bicycle tracks, and sports facilities. We are committed to fostering an environment that nurtures healthy living and family bonds. Our dedication to innovation and conservation is evident through initiatives like SmART SPACES, where we optimise spaces to promote sustainable living. The amazing reception towards Rini Homes 8 Finale is a testament of market confidence towards our township developments”, he added.

With 11,398 completed houses, approximately 50,000 total population, and a Gross Development Value (GDV) of RM4 billion, the Mutiara Rini township has established itself as a notable development by Boustead Properties since its inception in 1996. The township’s proximity to the Secondlink Highway provides convenient access for cross-border commuters to Singapore, catering to residents’ diverse lifestyles and needs. In addition, the township blends harmony with nature through design to maximise natural light, ventilation, and environmental mindfulness, promoting sustainable and healthy living.

Mutiara Spaces has further plans to launch new property development projects this year that includes a new residential tower in Petaling Jaya, Selangor, with details to be announced in due course.

For more information on the much-anticipated Rini Hills 3, Learn more : https://mutiaraspaces.com.my/mutiara-rini/
















About Mutiara Spaces

Mutiara Spaces is a brand created and curated for Boustead Properties Berhad to represent its new DNA and persona, with all talents to share a common goal of embracing its core values of Creativity, Integrity and Innovation. Mutiara Spaces symbolises a shift in focus for Boustead Properties as it re-orients itself by envisioning all future projects with the help of technology and creative placemaking to deliver products/projects entrenched in the concept of Live, Work, and Play.

About Boustead Properties Berhad

Boustead Properties Berhad (“Boustead Properties” or the “Company”) is part of Boustead Holdings Berhad, one of the nation’s oldest conglomerates. Boustead Properties’ core business activities are property development, property management, retail and investment. The Company is the master developer of Mutiara Damansara township and has a strong presence in Skudai, Johor through its mixed residential development, Mutiara Rini. Boustead Properties is currently developing a 1,200 acres flagship development, Mutiara Hills in Semenyih. Boustead Properties developed and owns the Curve, Malaysia’s first pedestrianised shopping mall located in Mutiara Damansara and recently completed One Cochrane Residences situated in the bustling district of Cheras in Kuala Lumpur.



















About Mutiara Rini

Mutiara Rini, a 1,438-acre township in Skudai, Johor, offers a harmonious blend of modern living and natural beauty. The township is known for its expansive 64-acre Urban Forest Park and extensive 32-kilometre cycling and jogging tracks and offers a diverse range of housing options, fostering inclusive communities. It features excellent educational, sports and commercial facilities. Its strategic location near the Secondlink Highway ensures convenient connectivity, making it an ideal choice for those seeking a balanced lifestyle. For more info, visit https://mutiaraspaces.com.my/mutiara-rini/

For more information, please contact comms@bprop.com.my

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