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IJM Land targets eight launches worth RM1 bil in 2H2016

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IJM Land targets eight launches worth RM1 bil in 2H2016

KUALA LUMPUR (July 21): IJM Land Bhd plans to launch seven to eight projects with a cumulative gross development value (GDV) of almost RM1 billion in the second half of this year (2H2016), said managing director Edward Chong.

“These projects will be new phases of existing township developments nationwide, including Penang, Klang Valley, Seremban and Johor,” he told reporters after the official opening of the IJM Land Centre of Excellence (ICE) at Pantai Sentral Park (PSP), Bangsar South.

IJM Land Bhd central region senior general manager Hoo Kim See said the selling prices of the upcoming projects range from RM300,000 to RM2 million, with various products to cater for different needs — from first time homebuyers to upgraders.

The new projects include the Waterside Residence in Penang, new phases in Bandar Rimbayu, Danau Perintis affordable apartments in Shah Alam 2, new phases in Seremban 2 and new phases of Austin Duta in Johor.

Apart from these projects, IJM Land is also working on the Parcel 13 development in PSP that will be unveiled next year.

Chong said Parcel 13, which has a GDV of about RM500 million, comprises a 30-storey office tower which will house the future IJM headquarters and retail components as well as a 36-storey serviced apartment with built-ups ranging from 600 sq ft to 1,000 sq ft.

“We are in the midst of fine-tuning the design and work out the suitable space requirements for different divisions of the group. The construction period will take about three to four years to complete,” he explained.

IJM Land, the property development arm of IJM Corp Bhd, is jointly developing the 58-acre PSP which has a GDV of RM2.5 billion with land owner Amona Development Sdn Bhd.

The leasehold development is divided into 13 phases, out of which seven will be residential and six commercial. ICE Gallery is part of PSP.

Chong said the uniquely-designed ICE Gallery will be the highlight of PSP and an ideal place for various functions.

“The building cost of ICE Gallery is RM30 million, this gallery will be the venue for our corporate events as well as a show gallery for Klang Valley projects and our Royal Mint Gardens project in the UK for interested buyers,” he added.

On the progress of previous launches, Hoo said IJM Land has launched the first two residential phases – Inwood Residences and Secoya Residences – in 2014 and 2015 respectively, and they are slated to be completed by 2018.

Currently, the 38-storey Inwood Residences has achieved a take-up rate of 80% and construction has reached level 17. There are 211 units of condos, with sizes ranging from 1,125 sq ft to 1,965 sq ft.

Meanwhile, half of the 243 units at Secoya Residences have been taken up. The units in the 41-storey development range between 1,050 sq ft and 1,670 sq ft.


Source: http://www.theedgeproperty.com.my/content/808290/ijm-land-targets-eight-launches-worth-rm1-bil-2h2016


 

Potensi kontraktor bumiputera dipertingkat

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BATU PAHAT 17 Feb. - Jabatan Kerja Raya (JKR) negeri ini sedang mengubal Pelan Induk Kapasiti Kontraktor Bumiputera untuk mengenal pasti prestasi dan keupayaan mereka berdasarkan beberapa kriteria yang ditentukan.

Hasni Mohammad

Pengerusi Jawatankuasa Kerja Raya, Kemajuan Luar Bandar dan Wilayah negeri, Datuk Ir. Hasni Mohammad berkata, pelan tersebut akan menentukan potensi projek yang terdapat di negeri ini serta peluang bagi membantu mereka.

Beliau berkata, pelan berkenaan akan membantu kontraktor bumiputera mengenal pasti kaedah serta teknologi baharu bagi memastikan projek-projek yang dijalankan berdaya saing serta berkualiti tinggi.

“Usaha ini juga bagi mewujudkan program-program khusus untuk menaik taraf kontraktor bumiputera dengan fasa pertama akan bermula pada tahun ini.

“Kerajaan meminta kontraktor sentiasa meningkatkan keupayaan masing-masing dari segi teknikal, pengurusan dan kewangan untuk memastikan mereka mampu menyaingi kontraktor lain,” katanya semasa merasmikan seminar pemantauan kerja-kerja rutin dan berkala serta keselamatan dan kesihatan pekerja anjuran Amona Infra Care Sdn. Bhd., di Hotel Katerina, di sini semalam.

Yang turut hadir, Pegawai Daerah Batu Pahat, Mohd. Halim Hasbullah; Timbalan Pengarah Kerja Raya negeri, Ir. Mohammad Salleh Abu Bakar; Pengarah Eksekutif Amona Infra Care, Che Hasnodi Che Hassan.

Dalam majlis itu, Nadi Cemerlang Enterprise, M. Faizal Group Enterprise, BA Construction Enterprise, Perniagan Alaf Baru dan Teka Cita Enterprise menerima Anugerah Kontraktor Cemerlang 2016.

Hasni juga memberitahu, Kerajaan Pusat telah memperuntukkan sebanyak RM600 juta pada tahun ini bagi kerja-kerja penyelenggaran jalan, membina 150 kilometer jalan kampung baharu, pelebaran serta menurap semula jalan di negeri ini.

“Sebuah unit inspektorat jalan bagi tujuan pemantauan kerja telahpun ditubuhkan di peringkat daerah bermula 1 Januari lalu selain penyediaan kenderaan oleh pihak konsensi kepada setiap JKR daerah,” katanya.

Sumber Rujukan Berita : http://www.utusan.com.my/berita/wilayah/johor/potensi-kontraktor-bumiputera-dipertingkat-1.191656


 
 

Dua syarikat 
selenggara jalan

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NUSAJAYA 10 Mei - Kerajaan negeri secara dasarnya bersetuju melantik dua syarikat bagi melaksanakan kerja-kerja penyelenggaraan jalan negeri mengikut daerah secara konsesi.

Hasni Mohammad

Pengerusi Jawatankuasa Kerja Raya, Kemajuan Luar Bandar dan Wilayah negeri, Datuk Ir. Hasni Mohammad (gambar) berkata, dua syarikat itu ialah Teto Engineering Sdn. Bhd. dan Amona Infra Care Sdn. Bhd.

Pada masa ini katanya, Unit Perancang Ekonomi Negeri (UPEN), Jabatan Kerja Raya (JKR) dan jabatan-jabatan berkaitan sedang meneliti terma rujukan (TOR) untuk kerja-kerja penyelenggaraan jalan tersebut.

“Pelaksanaan kerja penyelenggaraan jalan-jalan negeri itu secara konsesi adalah selaras dengan hasrat kerajaan negeri untuk menambah baik jalan raya di negeri ini,” katanya semasa menjawab soalan Datuk Syed Sis Syed A. Rahman (BN-Tanjung Surat) pada sidang Dewan Undangan Negeri (DUN) di Kota Iskandar hari ini.

Hasni berkata, pelaksanaan tersebut antara lain bertujuan untuk mewujudkan Unit Inspektorat di bawah JKR bagi melakukan tugas pemantauan penyelenggaraan di seluruh rangkaian jalan di negeri ini.

Selain itu, pelaksanaan berkenaan akan membantu kerajaan negeri membuat perancangan peruntukan penyelenggaraan pencegahan jangka panjang, sekali gus mengoptimumkan bajet.

“Pelaksanaannya juga memudahkan penilaian kerosakan dan keutamaan yang seragam akan diguna pakai oleh juru perunding dan syarikat konsesi bagi kerja-kerja penyelenggaraan jalan-jalan negeri,” katanya.

Beliau berkata, sebuah jawatankuasa kumpulan wang yang dipengerusikan Pegawai Kewangan Negeri Johor akan ditubuhkan bagi memastikan kadar harga bagi kerja penyelenggaraan, kos juru perunding dan agihan peruntukan dapat dilaksanakan secara cekap.

Sumber Rujukan Berita : http://www.utusan.com.my/berita/wilayah/dua-syarikat-8232-selenggara-jalan-1.90433

 
 

RM2.5b Pantai Sentral Park township to be launched end-June

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(From left) Amona Permodalan Holdings chief operating officer Che Hasnadi Che Hassan, Soam, Othman and group executive director  Abd Manaf Ahmad at the launching ceremony in Kuala Lumpur yesterday.

KUALA LUMPUR:
IJM Land Bhd, the property development arm of IJM Corp Bhd, together with its joint-venture partner Amona Development Sdn Bhd, will launch a 58-acre (23.4ha) township project called Pantai Sentral Park in Bukit Kerinchi here by the end of this month, which has a gross development value (GDV) of RM2.5 billion.

IJM Land chief executive officer Datuk Soam Heng Choon said the project will be divided into 13 phases, out of which seven will be residential and six commercial.

“Upon completion in 10 years to 15 years, the township will accommodate a population of 15,000. Phase 1 of the development known as Inwood Residences, will be completed in 3½ years,” he told a media briefing at the unveiling of Pantai Sentral Park yesterday.

Inwood Residences will feature 211 condominium units in a 38-floor block.

To make the project more attractive, the IJM Land-Amona joint venture will invest some RM50 million to build a 1km direct access ramp from Pantai Sentral Park to the New Pantai Expressway (NPE) and other connecting roads.

“A ramp will be built to connect the development with NPE to ensure ease of accessibility. The investment of RM50 million will be internally generated,” Soam said.

Apart from Pantai Sentral Park, Soam said IJM Land’s current ongoing projects include The Light in Penang, Shah Alam 2 in Selangor, Seremban 2 in Negeri Sembilan, and Nusa Duta in Johor, which are expected to drive the group’s sales and revenue growth for the current financial year ending March 31, 2015 (FY15).

“With an unbilled sales of about RM2 billion, we expect to deliver satisfactory performance for the new financial year (FY15) based on current projects,” he said, adding that the group’s current landbank of 4,700 acres has a GDV of RM30 billion.

On market talk that IJM Land may be privatised by IJM Corp, Soam said: “The rumour has been circulating for quite sometime. Ultimately, the decision lies with our parent company and the board.”

He added that his main focus now is to deliver value to shareholders.

IJM Corp holds a 64.16% stake in IJM Land.

For FY14, IJM Land saw its net profit increase 2½ times to RM533.23 million from RM215.06 million, on higher revenue contribution from its property development segment of RM2.01 billion.

Meanwhile, Amona Development is the property and construction arm of conglomerate Amona Group of Companies.

According to its executive chairman Datuk Othman Ahmad, the group — which has interests in maritime, telecommunications, energy, green technology, and infrastructure — has delivered more than RM600 million worth of property developments in the country.

Source: http://www.theedgemalaysia.com/business-news/293217-rm25b-pantai-sentral-park-township-to-be-launched-end-june.html


 
 

Pantai Sentral Park in Bukit Kerinchi has GDV of RM2.5bil

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KUALA LUMPUR:
IJM Land Bhd has unveiled its latest property offering, Pantai Sentral Park, a mixed development project that will sit on 23.5ha of prime land in Bukit Kerinchi. It will have a gross development value (GDV) of RM2.5bil.

Chief executive officer and managing director Datuk Soam Heng Choon said that phase 1, comprising a 211-unit residential condominium known as Inwood Residences, would be launched by the month-end.

He said prices had yet to be fixed, but the cost per sq ft was expected to be around RM700, with built-ups ranging from 1,140 to 1,974 sq ft for its two-to-four plus one bedroom units.

“Earthworks have already started and we are aiming for Inwood Residences to be completed in around 3½ years. The construction of a dedicated ramp from the New Pantai Expressway will also be done in tandem with Inwood,” he said at a media briefing yesterday, adding that the ramp would cost RM50mil.

He said the next residential phase launch would be around four to five months later, elaborating that the entire township would eventually consist of seven residential and six commercial phases.

Along with its joint-venture partner Amona Development Sdn Bhd, IJM Land expects to complete the project, which would be able to accommodate around 15,000 residents, within 10 to 15 years.

Touting it as Kuala Lumpur’s one and only urban forest city, Soam noted that one of Pantai Sentral Park’s highlights included a linear forest walk that would allow residents direct access to the 81ha forest.

“It has been designed to maintain the natural landscape of the area, so development activity does not change the geological landfall and water course,” he said.

Soam said IJM Land had already received around 15,000 registrations of interest for the project.

He said 432 affordable housing apartment units would also be launched at Pantai Sentral Park in future, adding that they were expected to be priced at around RM250,000 to RM300,000.

IJM Land will be launching RM3bil worth of projects this year.

The IJM Land Prime Property Investment Showcase will take place from today until Sunday from 10am to 10pm at Symphony Lake Suite, KLCC Park.

Source : http://www.thestar.com.my/Business/Business-News/2014/06/06/Latest-IJM-Land-project-Pantai-Sentral-Park-in-Bukit-Kerinchi-has-GDV-of-RM25bil/

 
 

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