Aset Kayamas (Aset Kayamas Sdn Bhd)
Aset Kayamas is a privately held Kuala Lumpur property developer with eight housing projects under six companies in the KPKT register: six completed and two under construction, none Sick or Abandoned. The company says it was established in 2011 by Tan Sri Datuk Chai Kin Kong; its registered projects are in Kuala Lumpur, Selangor and Pahang.
- 8 projects in the KPKT register
- 6 completed
- 2 under construction
- None Sick or Abandoned
Has Aset Kayamas handed over on time? What the KPKT register shows
KPKT's TEDUH register (as at 27 Oct 2026) lists 8 housing projects under 6 Aset Kayamas companies in 3 states: 6 completed, 2 under construction. None is classed Sick (Sakit) or Abandoned (Terbengkalai).
Of the 6 completed projects, 6 have both a handover deadline and a completion date in the register: 1 handed over on or before the deadline (the extended deadline where KPKT approved an extension); 3 handed over or certified complete after that deadline; 2 received the completion certificate before the deadline (handover date not recorded).
3 projects had the delivery period extended with KPKT approval.
Completed projects — most recent first
| Project (KPKT name) | Area | Units | Handover deadline | CCC / handover | Against deadline |
|---|---|---|---|---|---|
| LENA RESIDENCEKPKT 30229-1 | KlangSelangor | 73 | 5 May 20251st sale agreement 5 May 2023 | CCC 25 Jul 2025 Handover 29 Jul 2025 | 85 days after |
| LENA RESIDENCEKPKT 30230-1 | KlangSelangor | 75 | 5 May 20251st sale agreement 5 May 2023 | CCC 25 Jul 2025 Handover 29 Jul 2025 | 85 days after |
| LENA RESIDENCEKPKT 30234-1 | KlangSelangor | 76 | 5 May 20251st sale agreement 5 May 2023 | CCC 25 Jul 2025 Handover 29 Jul 2025 | 85 days after |
| ANTARA, GENTING HIGHLANDSKPKT 13811-3Antara Genting · on PropertySifu | BentongPahang | 1,073 | 22 Aug 2026Extended 18 months from 22 Feb 20251st sale agreement 22 Feb 2022 | CCC 11 Jul 2025 Handover 11 Jul 2025 | 407 days before |
| RESIDENSI RAZAKMAS, THE HOLMESKPKT 13811-2 | Kuala LumpurWP Kuala Lumpur | 1,050 | 15 Aug 20191st sale agreement 15 Aug 2016 | CCC 9 Apr 2018 | CCC before deadline; handover not recorded |
| PARKHILL RESIDENCEKPKT 13811-1 | Kuala LumpurWP Kuala Lumpur | 2,598 | 22 May 20181st sale agreement 22 May 2015 | CCC 3 Jan 2018 | CCC before deadline; handover not recorded |
Under construction
| Project (KPKT name) | Area | Units | KPKT status | Handover deadline | Progress |
|---|---|---|---|---|---|
| RESIDENSI ASAKPKT 30777-1Asa Residence · on PropertySifu | WP Kuala Lumpur | 324 | SmoothOn schedule | 15 Sep 2030Extended 12 months from 15 Sep 20291st sale agreement 15 Sep 2026 | 22% |
| REDEARTH GENTING XINTIANDIKPKT 30404-1Red Earth @ Genting Xintiandi · on PropertySifu | Pahang | 2,600 | SmoothOn schedule | —Extended 18 months (date not registered) | 61–68% |
Deadlines are counted from each project's first sale agreement, as KPKT records them; buyers who signed later have later deadlines. CCC = Certificate of Completion and Compliance; CFO = Certificate of Fitness for Occupation.
Aset Kayamas at a glance
| Listed | Not listed — Aset Kayamas's developer companies are private limited companies (Sdn Bhd) |
|---|---|
| Started | 2011, by Tan Sri Datuk Chai Kin Kong, according to the company[2] |
| Head office | Kuala Lumpur[1] |
| Leadership | Tan Sri Datuk Chai Kin Kong — Founder (company website); chairman, as reported in May 2023[2][6] Michael Chai — Executive director (reported October 2026)[8] |
| Companies in the KPKT register | ASET KAYAMAS DEVELOPMENT SDN. BHD. KPKT 13811[3] AK SP SDN. BHD. KPKT 30777[3] XINTIANDI DEVELOPMENT SDN. BHD. KPKT 30404[5] MESRA MULIA SDN. BHD. KPKT 30229[4] SINARCERAH SDN. BHD. KPKT 30230[4] VISI SEJATI SDN. BHD. KPKT 30234[4] |
| Website | asetkayamas.com |
| Affordable housing (company statement) | Builds homes with the Government under the PPA1M and RUMAWIP affordable-housing schemes[2] |
| Joint venture | Genting Xintiandi in Gohtong Jaya, with Genting Malaysia Bhd: about 60 acres, stated gross development value above RM20 billion (2023)[6] |
| Hotel (company figure) | Sleeping Lion Suites, Bukit Bintang, Kuala Lumpur: 866 rooms[2] |
Aset Kayamas projects on sale on PropertySifu
Asa Residence
- PARKHILL RESIDENCE — 1.1 km, 2018
- RESIDENSI RAZAKMAS, THE HOLMES — 4.0 km, 2018
Red Earth @ Genting Xintiandi
- ANTARA, GENTING HIGHLANDS — 3.9 km, 2025
Who is Aset Kayamas? The company behind the projects
Aset Kayamas says the group was established in 2011 by Tan Sri Datuk Chai Kin Kong to build homes, and that it has built affordable housing with the Government under the PPA1M and RUMAWIP schemes [2]. A 2017 New Straits Times report described Chai as founder and managing director of Aset Kayamas Sdn Bhd, and Michael Chai as group executive director [7]; The Edge referred to Chai as chairman in 2023 [6], and The Star named Michael Chai as executive director in October 2026 [8]. The company is based in Kuala Lumpur [1].
In the KPKT register, the projects sit under separate companies. Aset Kayamas Development Sdn Bhd (developer code 13811) has three completed projects: the 2,598-unit ParkHill Residence and a 1,050-unit project registered as Residensi Razakmas, The Holmes, both in Kuala Lumpur, and Antara in Genting Highlands, which the company lists among its projects [3]. Residensi Asa in Kuala Lumpur, sold as ASA Residence [3], is registered under AK SP Sdn Bhd (30777). Lena Residence, which the company lists next to Taman Tasik Alam Impian [4], is registered as three projects in Klang under Mesra Mulia Sdn Bhd, Sinarcerah Sdn Bhd and Visi Sejati Sdn Bhd (30229, 30230 and 30234), with the same sale-agreement and handover dates.
In Gohtong Jaya, Genting Highlands, The Edge reported in 2023 that Genting Xintiandi is jointly developed by Genting Malaysia Bhd and Aset Kayamas, on about 60 acres with a stated gross development value of more than RM20 billion, and that its first phase would have four serviced-apartment towers with 2,600 units [6]. The RedEarth project website names Xintiandi Development Sdn Bhd as the developer [5]; KPKT registers RedEarth Genting Xintiandi, four serviced-apartment blocks with 2,600 units, under that company (30404).
The company also says its first hotel, Sleeping Lion Suites in Bukit Bintang, has 866 rooms [2]. The KPKT register covers projects licensed as housing developments; the table above lists only those registered under the six companies linked to Aset Kayamas here, so it may not include every project the group has marketed.
Frequently asked questions
Is Aset Kayamas a listed company?
No stock-exchange listing was found. Its housing projects are developed through private limited companies — for example Aset Kayamas Development Sdn Bhd for Antara and AK SP Sdn Bhd for Residensi Asa. Its partner in Genting Xintiandi is Genting Malaysia Bhd [6].
How many projects has Aset Kayamas completed, and were they on time?
The KPKT register lists 8 housing projects under six Aset Kayamas companies: 6 completed (4,945 units) and 2 under construction. Antara was handed over on 11 July 2025, before its extended deadline. The three Lena Residence projects were handed over on 29 July 2025, 85 days after their 5 May 2025 deadline. ParkHill Residence and Residensi Razakmas, The Holmes received their CCCs before their deadlines; the register does not record their handover dates.
Does Aset Kayamas have any Sick or Abandoned projects?
No. As at 27 October 2026, the KPKT register classes none of the 8 Aset Kayamas projects as Sick (Sakit), Abandoned (Terbengkalai) or Late (Lewat).
Was Antara Genting handed over on time?
KPKT records the first sale agreement on 22 February 2022 and a handover deadline of 22 February 2025, extended with approval by 18 months to 22 August 2026. All three blocks (1,073 serviced-apartment units, KPKT 13811-3) received the CCC and vacant possession on 11 July 2025 — 139 days after the original deadline and 407 days before the extended one.
Who develops Red Earth @ Genting Xintiandi?
KPKT registers RedEarth Genting Xintiandi (KPKT 30404-1, 2,600 serviced-apartment units in four blocks) under Xintiandi Development Sdn Bhd, which the project website names as the developer [5]. The Edge reported in 2023 that Genting Xintiandi is jointly developed by Genting Malaysia Bhd and Aset Kayamas [6]. The register shows reported construction progress of 61% to 68% and an approved 18-month extension, but no first sale agreement date or handover deadline yet.
Has Asa Residence's handover deadline been extended?
Yes, according to KPKT. Residensi Asa (KPKT 30777-1, 324 units in two blocks) has a first sale agreement dated 15 September 2026 and a handover deadline of 15 September 2029, extended with approval by 12 months to 15 September 2030. It is recorded as on schedule (Lancar), with reported construction progress of 22%.
Sources and how we checked
- Housing project records: KPKT TEDUH register (teduh.kpkt.gov.my), data as at 27 Oct 2026. Sumber: TEDUH, KPKT — used under the Government Open Data Terms of Use 1.0.
- [1] Aset Kayamas — home page · Aset Kayamas Sdn Bhd · accessed 28 Oct 2026
https://www.asetkayamas.com/ - [2] About us — Company profile · Aset Kayamas Sdn Bhd · accessed 28 Oct 2026
https://asetkayamas.com/about-us/ - [3] A Series: ASA Residence, Antara, AXON Bukit Bintang · Aset Kayamas Sdn Bhd · accessed 28 Oct 2026
https://asetkayamas.com/a-series/ - [4] L Series: Lena Residence · Aset Kayamas Sdn Bhd · accessed 28 Oct 2026
https://asetkayamas.com/l-series/ - [5] RedEarth, Genting Xintiandi — official project page (developer details) · Xintiandi Development Sdn Bhd · accessed 28 Oct 2026
https://www.gentingxintiandi.com/redearth - [6] GENTING XINTIANDI Phase 1 targeted to launch mid-June, sales gallery unveiled on May 25 · The Edge Malaysia · 30 May 2023 · accessed 28 Oct 2026
https://theedgemalaysia.com/node/669155 - [7] Aset Kayamas to roll out more affordable homes in Klang Valley · New Straits Times · 27 May 2017 · accessed 28 Oct 2026
https://www.nst.com.my/amp/property/2017/05/243217/aset-kayamas-roll-out-more-affordable-homes-klang-valley - [8] Xintiandi Village marks new milestone with commercial partnership MoU signing · The Star · 12 Oct 2026 · accessed 28 Oct 2026
https://www.thestar.com.my/news/nation/2026/10/12/xintiandi-village-marks-new-milestone-with-commercial-partnership-mou-signing
Last updated 28 Oct 2026