LBS launches final landed homes in Bandar Saujana Putra

PETALING JAYA: LBS Bina Group Bhd, under its subsidiary Jauhari Unggul Sdn Bhd, has released the final phases of its landed homes at its Bandar Saujana Putra (BSP) township in Puchong, Selangor.

The two phases, Royal Ivory 2 and Royal Garden, offer a total of 350 double-storey cluster link semi-detached houses and double-storey semi-detached homes. All the Royal Garden semidees have been taken up while 30% of Royal Ivory 2 have been sold since their launch on Oct 27.

Sitting on 29.5 acres of leasehold land, the two phases have a combined gross development value (GDV) of RM206.5 million. These phases are the final landed residential developments in the township before the developer builds high-rise projects there, said LBS Bina managing director Datuk Lim Hock San.

Royal Ivory 2 comprises 252 units with built-ups of 2,012 sq ft, while Royal Garden consists of 98 units with built-ups from 2,449 sq ft.

The Royal Ivory 2 houses are priced from RM549,900 while the Royal Garden homes, which offer homebuyers a more spacious layout with 4+1 bedrooms and 4 bathrooms, a living area and garden terrace on the first floor, are from RM689,900. LBS expects to complete these phases in 2014.

“We are committed to providing homes that meet the lifestyle needs of Malaysian homebuyers. We want to enhance community living and facilitate community bonding through our cluster-home concept while offering facilities such as gyms and interactive playgrounds,” said Lim.

The developer had launched Royal Ivory 1, comprising 68 double-storey cluster link semi-detached homes, in March. The homes, which went for RM419,900, were sold out in five months.

The two phases, Royal Ivory 2 and Royal Garden, offer a total of 350 double-storey cluster link semi-detached houses and double-storey semi-detached homes.

Launched in 2003 with an estimated GDV of RM5.5 billion, Bandar Saujana Putra is located about 30km southeast of Kuala Lumpur city centre and spans 142 acres. The township consists mainly of single-storey terraced homes, double-storey cluster link semi-detached homes, as well as single-and double-storey semi-detached homes.

There is about 30% of the township left to be developed, said Lim. Upon completion in 2015, Bandar Saujana Putra will be home to about 1,500 households. To date, LBS has handed over almost half the homes to their respective buyers, he added.

The group currently has 17 ongoing development projects with a GDV of RM1.73 billion, nine of which are affordable housing projects that fall within the price range of RM150,000 to RM400,000. LBS is set to roll out another 9,000 affordable homes with a total GDV of RM2.5 billion over the next two years in the Klang Valley; in Batu Pahat, Johor; Ipoh, Perak; and Cameron Highlands, Pahang.

LBS had also signed a memorandum of understanding with Jiuzhou Technology Co Ltd in April for the sale of LBS’ wholly owned unit Dragon Hill Corp Ltd. Should the deal go through, the group will end up as a substantial shareholder of the Hong Kong-listed Jiuzhou Development Co Ltd, its state-owned parent that runs ferry services and a hotel chain in China.

This article first appeared in The Edge Financial Daily, on Nov 9, 2012.