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City&Country: Riding south Selangor’s development

The pace of growth in southern Selangor is picking up.

Hicom-Gamuda Development Sdn Bhd had started the ball rolling in 2001 with the launch of its landmark 1,820-acre township, Kota Kemuning, in Shah Alam.

The development of the lushly landscaped township, comprising guarded and gated and guarded enclaves, is at the tail end with about RM150 million worth of properties left to be built.

The largest new development in the area is IJM Land Bhd’s Bandar Rimbayu, 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 LBS Bina Group Sdn Bhd.

A relative newcomer to the sector, TCS Development 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 KESAS highway to the Federal Highway.

There is also the proposed MAHSA University 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 of TCS 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 two-storey 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 age and design. Most of the existing houses that surround Saujana Permai are 1-storey houses, whose owners would also stand to gain from MAHSA’s arrival, he says.

Tee had earlier undertaken two ventures with different partners. The first involved 74 terraced houses in Kapar, Klang, while the second was a 150-acre project in Johor comprising 1-storey houses with a GDV of RM150 million, 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 TCS Properties 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 MAHSA University’s hospital. The 3-storey units are priced from RM1.39 million, and the 4-storey units from RM1.8 million. The 4-storey shopoffices are corner 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 30 units 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 RM3 million cash and 44 units, estimated to be worth RM49.12 million.

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 of 1,650 sq ft. Priced from RM460,000 and with a total GDV of RM96 million, Saujana Prima is set to be launched in early December.

Following that will be Saujana Centre Point, at the entrance of the university college’s campus. This phase will comprise 42 three-storey shopoffices, with a GDV of RM63 million, and are scheduled to be launched by May next year, says Ooi.

TCS is 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 198 apartments, and will come up along a new link between Bandar Saujana Putra and Bandar Rimbayu. The average built-up of the units is 1,100 sq 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 podium, it has a GDV of RM90 million and will be launched in November next year.

Not content with the 40 acres in Bandar Saujana Putra, 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, TCS Development will focus on its Saujana projects. “It’s about delivering quality on time,” says Tee.


 

This article appeared in City & Country, the property pullout of The Edge Malaysia, Issue 929, Sep 24-30, 2012

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