Thursday, 11 June 2015

Land & General Bhd is buying 112 acres land in Bukit Raja

Land & General Bhd is buying Pembinaan Jaya Megah Sdn Bhd (PJMSB), which is undertaking alienation of 112.353 acres of leasehold land in Bukit Raja, Selangor, for RM90mil. This translates to RM801k per acre or RM18psf.

The property and plantation firm told Bursa Malaysia recently that it planned to develop the land into a residential and commercial development. No details were given.

The vendors of PJMSB are Tengku Sulaiman Shah Al-Haj Ibni Almarhum Sultan Salahuddin Abdul Aziz Shah Al-Haj (30%) and Datuk Hui Swee Seong and family (70%).

Meanwhile, the District and Land Office of Petaling has given its approval for the alienation of the land in November last year. The expiry of the 99-year lease period is not yet available pending completion of the alienation of the Land and issuance of land title(s).

The proposed acquisition is expected to be completed by the second quarter of 2016.


The proposed acquisition will expand the land bank of the LandG group to facilitate future development projects and will contribute positively to the future earnings and cash flows of the group in line with our core business, it said, adding that it intends to develop the land as a residential and commercial development.

LandG said it intends to finance the purchase consideration through internally generated funds and bank borrowings.

Wednesday, 10 June 2015

MRCB to develop Brickfields land

Malaysian Resources Corp Bhd will demolish the five acre site, known as Lot 349/100 in Brickfields, here starting tomorrow and works to complete in two months. The property developer will then build three 40-storey towers comprising mainly high end residential units, after the transfer of land from the government is completed. The project will be connected to the multi-billion ringgit Kuala Lumpur Sentral transportation hub, riding on rail connectivity, said MRCB executive vice president Datuk Dell Akhbar Khan at a briefing here.

Source : New Straits Time , 26 MAY 2015

Tuesday, 22 October 2013

IJM Land’s Seri Riana Residence Phase 2 opens sales to hot response

After having previewed to pre-registered buyers last weekend, IJM Land’s Seri Riana Residence Phase 2 condominium launched officially last weekend.

According to the developer, more than half of the units for sale were already booked during the preview.

Phase 2 consists of two high-rise blocks (Blocks F and G) with a total of 284 apartments. With contemporary designs, the units offer built-up areas ranging from 1,259 sq ft to 1,830 sq ft and are priced at approximately RM600 per sq ft. Each unit is made up of either three- or 3+1 bedrooms with two to four bathrooms.

Seri Riana Residence comprises the later phases of the Riana Green East.KL development in Wangsa Maju.

Phase 2 of Seri Riana Residence comes after Phase 1 was launched in the middle of last year. According to the developer, 95% of Phase 1 has been sold, achieving sales of RM330mil.

Seri Riana Residence is a condominium developed by Elegan Pesona Sdn Bhd, which is a joint venture between IJM Properties Sdn Bhd and MSL Properties Sdn Bhd. IJM Properties is also the developer of Riana Green condo in Tropicana, Petaling Jaya.

“Every home has been designed with a great blend of luxury and a touch of nature. It offers privacy with a breathtaking view of the Kuala Lumpur skyline or Melawati Ridge,” says IJM Land chief executive officer and managing director Datuk Soam Heng Choon.
Seri Riana Residence benefits from being located next to Aeon Big (formerly known as Carrefour) Wangsa Maju and Wangsa Walk shopping mall, as well as only 15 minutes’ drive to Mont’Kiara using the Duta-Ulu Kelang Expressway (DUKE), or to Jalan Sultan Ismail using Jalan Jelatek.

Seri Riana Residence is also located not far from the Sri Rampai LRT station, which is six stops from the KLCC station. The developers have said that they will build a covered walkway and link bridge to the LRT station.

The development comes complete with  facilities designed for the whole family which includes 2.8 acres of themed landscaped parks, a sports centre, children’s play zone, green lawn, 40m lap pool, sauna and more.

Seri Riana Residence  is targeted for completion by the first quarter of 2017.

STAR, October 21, 2013