RidingsouthSelangor`sdevelopment

Transcription

RidingsouthSelangor`sdevelopment
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Ridingsouth Selangor'sdevelopment
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BYLam Jian Wyn
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he pace of growth in southern selangor is picking up.
Hicom-Gamuda Development Sdn
Bhd had started the ball rolling in
2001with the launch of its landmark
1,820-acretownship, Kota Kemuning, in ShahAlam.
The development of the lushly landscaped
township, comprising guarded and gated and
guarded enclaves,is at the tail endwith about
RM150 million worth of properties left to be
built.
Thelargest new development in the areais
IJM Land Bhd'sBandarRimbayu,which covers
1,878 acres. This upcoming green township is
roughly 3km away from Kota Kemuning. Bayu,
the township's high-end quadrant,neighbours
the leasehold Bandar Saujana Putra, an 820-acre
township under LBSBina Group sdn Bhd.
A relative newcomer to the sector, TCSDevelopment Holdings, has placed its bet on the
same location, specifically in Bandar Saujana
Putra, where it has a 40-acre landbank. Why
the township? For starters, IJM Land is building a new road that will run through Bandar
Saujana Putra, Bandar Rimbayu, Kota Kemuning and Bukit Rimau. The road will serve as a
direct connection from the KESAShighway to
the Federal Highway.
There is also the proposed MAHSAuniversity College campus that is expected to have
an enrolment of 15,000 students in its faculties
and to accommodate 12,000 in its hostels. The
college is expected to breathe new life into the
area when the first phase opens in 2014,says
Datuk James Tee,the managing director ofTCS
Development Holdings.
The group has several residential and commercial projects - dubbed the Saujana Series
- spread over its 40 acres in Bandar Saujana
Putra. The first to be launched was Saujana
Permai,which has a gross development value
(GDV)of RM43 million, and features 96 twostorey houses with a land area of 20ft by 70ft
and built-up of 1,600 sq ft.
Tee, a civil engineer turned contractor who
is now in real estate, says Saujana permai was
very well received.
"We launched Saujana permai sometime in
February at RM398,800 [for a terraced house].
The houses were all sold except for three for
which bank loans were not approved. So,we
resold them at RM440,000 and they were still
taken up," he says.
He attributes their popularity to their relative
newness in terms of ageand design.Mostofthe
existing houses that surround Saujana permai
are I-storey houses, whose owners would also
stand to gain from MAHSAs arrival, he says.
Teehad earlier undertaken two ventures
with different partners. The first involved 74
terraced houses in Kapar, Klang, while the sec-
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ond was a ISO-acreproject in Johor comprising
I-storey houses with a GDVof RM150million,
which has since been sold to Syarikat Perumahan Negara Bhd.
Tee, who founded the group, has spent almost 29 years in civil and structural engineering consultancy, construction and real estate.
He has worked on various major townships,
mixed developments, skyscrapers and infrastructure projects such as highways, bridges,
water supply and sewerage systems.
The group comprises Temasya Mayang Sdn
Bhd, Saujana Prima Development Sdn Bhd,
Saujana permai Development Sdn Bhd, Alam
Bina Development Sdn Bhd, United Properties & Management Sdn Bhd and TCSProperties Sdn Bhd.
Temasya Mayang, led by executive director
Datuk Peter Tan, will be developing Saujana Avenue, a commercial project under the Saujana
Series. Saujana Avenue will feature 75 units
of 3-storey and 4-storey shopoffices in front
of MAHSAUniversity's hospital. The 3-storey
units are priced from RM1.39million, and the
4-storey units from RM1.8million. The 4-storey
shopoffices are comer units with lifts.
The project director of Saujana Avenue is
Rahim Yusof,who has 30 years of experience
in property development.
To deter speculation, individual buyers are
limited to two to three units each, says senior
project manager James Ooi.
"The response has been overwhelming. We
have opened some up for sale,and 30units to date
have been sold ahead of Saujana Avenue's official
launch planned for end-September;' he adds.
This commercial parcel, along with another
called Saujana Centre Point, is part of a joint
venture with Trinity Corp Bhd. Trinity, the
landowner, will receive RM3million cash and 44
units, estimated to be worth RM49.12million.
Next up will be Saujana Prima, comprising
196 two-storey terraced houses with a land
area of 20 ft by 70 ft and
built-up ofl,650 sq ft. Priced
from RM460,000and with
a total GDVof RM96million, Saujana Prima is set
to be launched in early December.
Following that will be Saujana Centre Point,
at the entrance of the university college'scampus. This phase will comprise 42 three-storey
shopoffices,with a GDVof RM63million, and
are scheduledto belaunched by May next year,
says ooi.
TCSis also planning high-rise homes in the
area within two upcoming phases, namely Saujana Residence and Saujana Square.
Saujana Residence, scheduled to be launched
next August, will comprise 198apartments,and
will comeup along a new link between Bandar
Saujana Putra and Bandar Rimbayu.The average
built-up of the units is 1,100sq ft while prices
are tentatively pegged at RM360 psf.
Last but not least is Saujana Square, named
for the square parcel of land near Saujana Permai where it is coming up. A mixed development with serviced apartments atop a retail
Ooi, seen here with
SabrinaKhan of
Temasya Mayang,
says Saujana Prima
will be launched in
early December
podium, it has a GDVof RM90 million and will
be launched in November next year.
Not content with the 40 acres in Bandar
Saujana ~tra, TCS Development plans to buy
land along the South Klang Valley Expressway.
It is looking at tracts of 40 to 50 acres, which are
more suited for development, says Tee.
"We believe this part of the Klang Valley is
a new growth area as the highway will open
up new areas."
In the pipeline are cluster homes and
shopoffices on a three-acre freehold parcel
in Jalan paip, pekan Meru, Klang. The group
has resubmitted the proposed layout plans.
For the near term, however, TCSDevelopment
will focus on its Saujana projects. "It's about
delivering quality on time," says Tee.
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