Dated 7 October 2010
Canal City land deal at the final stage. The Canal City land deal is currently at the final stage. Upon relocation of the squatters and the necessary steps to settle the squatters, the land is staged to become a major township development for IJM Land in the coming years. From our recent meeting with management, we gather that IJM Land has recently signed a termination agreement with the state government for the construction of canal. To recap, under the agreement signed with the previous state government, a 18-km canal is required to be built for flood mitigation, linking Sungai Klang and Sungai Langat. Since the construction of the Smart Tunnel, the canal is no longer needed as part of the flood mitigation plan. For the development to be taken off, the JV company (50% with Keuro) will have to incur some cost for the land, including the construction of low-cost component for squatters and acquisition of replacement oil palm land for squatters. We estimate that these would translate to a price of about RM4-6 psf for the land, which is rather attractive in our view, as it is getting very difficult to secure a large parcel of land in Klang Valley. Based on management’s guidance, the leasehold development, which will be re-named later, will worth a GDV of about RM4bn, but we think there is further upside potential given IJMLD’s brand name, innovative value- added concept and step-up pricing for its property launches. The land is surrounded by a few townships - Putra Heights (by Sime Darby Property), Kota Kemuning (by Gamuda) and mid-end development Bandar Saujana Putra (by LBS). There will be two key access to Canal City land: (i) Behind Kota Kemuning; and (ii) Through Saujana Putra Interchange. We think IJMLD’s range of properties offered will be similar to Putra Heights and Kota Kemuning. The mid-end development by LBS should not affect the development potential of Canal City land, considering the IJMLD’s track record on quality, value-added concept with modern design. Furthermore, we understand that Putra Heights project is almost fully sold and Kota Kemuning is a matured township. Hence, we expect some spilt-over demand from the neighbourhood.

Source: RHBInvest







This post has been edited by kh8668: Mar 21 2012, 10:23 AM

heard that they will start lauching at Q2 2012

hehe...initial phases will be link houses.

some are stratified-title landed property; some are not.

condo will need to wait for at least 5 or 6 years from now.

IJM Recycles at Bandar Rimbayu
Thursday, 15 March 2012 17:41
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diggTo celebrate its latest green township development – Bandar Rimbayu, IJM Land Berhad is inviting members of the public to pitch in by contributing recyclable materials for its Bandar Rimbayu sales gallery reception area.


“We have mooted this unique green initiative to celebrate our new Bandar Rimbayu project, as it is one of the first green townships that we are developing, besides being one of the first few big green townships in Malaysia. As such, we wanted to do something memorable and meaningful and we hit on the idea of a multi-prong approach, combining green practices, contributions from the community and celebrating Malaysian creativity and design,” said IJM Land Bhd Managing Director and Chief Executive Officer Dato’ Soam Heng Choon.

The Bandar Rimbayu sales gallery located close to the Kota Kemuning township will feature a reception table, lamps, and lounge chairs all made using recycled materials. The reception table will consist of a glass table top placed on two blocks of compressed recycled aluminium cans wrapped in clear glass. It is estimated that 36,000 cans will be needed in total. The sales gallery is targeted for completion by the 4th quarter of 2012.

Meanwhile, four TetraBox Lamps, which are award-winning designs by architect and designer Ed Chew, will be constructed from an estimated 2,000 Tetra Brik boxes in total.

“Malaysians love box drinks but these boxes often end up in landfills and very few are actually recycled. The lamp is my small effort to reduce the amount of waste going into landfills, and I am glad a leading corporation like IJM is taking up the call to reuse waste materials,” Chew said.

The new sales gallery will also boast eight lounge chairs constructed from recycled cardboard cores from A1-size paper rolls. The eight lounge chairs will require an estimated 320 paper tubes in total.


“Indeed, Malaysia is not short of award-winning green innovations as not only is the TetraBox Lamp the winner of Inhabitat’s Bright Ideas Lighting Design, it should also be noted that all of the three types of furnishings and fittings are to be constructed without glue or adhesives,” Dato’ Soam added.

Members of the public can contribute aluminium cans, Tetra Brik boxes (1-litre only) and A1 paper cores (typically used for large sheets of printing paper found in building consultants’ offices and printing businesses) at Wisma IJM, in Jalan Yong Shook Lin, Petaling Jaya or at the offices of Canal City Construction Sdn Bhd at No 7A & 7G, Jalan Anggerik Vanilla P 31/P, Kota Kemuning, Seksyen 31, 40460 Shah Alam beginning March 2012.

Bandar Rimbayu's maiden product, "The Chimes" is expected to be launched in the second half of 2012. The Chimes consists of 526 units of double storey and 2-1/2 storey link homes. Priced competitively, these homes will appeal to many who are looking for landed properties in a young and dynamic green township. Log on to www.ijmland.com to register

This post has been edited by kh8668: Mar 21 2012, 10:22 AM

Agreed. The most lacking is a big hangout place with entertainments in this enclave. Some said the focus will be on Cyberjaya site. But I do think this township will offer a good commercial opportunity to cater the need of the residents in this enclave.

now still early to reveal more information. we can just wait and see. maybe another 10 years.

This post has been edited by kh8668: Mar 21 2012, 11:08 AM

Cool...four highways/expressways will be serving this township
1) LKSA - connected via Kota Kemuning to SACC
2) ELITE
3) WCE
4) SKVE

ya man, that'y premium attached to the houses' price in setia alam.

The Star Online > Nation
Wednesday May 30, 2012

Toll-free drive on SKVE till June 29

BANTING: Motorists using the South Klang Valley Expressway (SKVE) will have a free drive through the Telok Panglima Garang toll plaza until June 29.

The toll rate has yet to be fixed but concessionaire SKVE Holdings announced that it is waiving toll charges at the plaza for a month to mark the opening of its Section II phase from the Saujana Putra exit.

With the opening of the phase, 32.8km of the expressway has been completed, said SKVE Holdings director Mohamad Nuhairi Rahmat.

The final phase of the 52km expressway, which starts from Universiti Tenaga Nasional (Uniten) and ends at Pulau Indah, is expected to be completed by June next year.

Mohamad Nuhairi said there would be exits to other major highways between Telok Panglima Garang and Uniten.

“The highway is equipped with a number of safety features, like emergency telephones and CCTV cameras,” he said at the launch of the SKVE Section II phase yesterday.

Works Ministry secretary-general Datuk Himmat Singh officiated the ceremony on behalf of Minister Datuk Seri Shaziman Abu Mansor.

In his speech read out by Himmat, Shaziman said SKVE would connect the southern and western districts of Selangor.

“Apart from that, it has links to the major highways, such as the North-South Expressway, the North-South Expressway Central Link (Elite), the Kajang-Semenyih (SILK) highway and the Damansara-Puchong Highway (LDP).

“SKVE is a comfortable and convenient highway for motorists. My hope is for the SKVE to continually improve its facilities to ensure the safety of road users,” he said.

Shaziman said Section II of SKVE would also serve as a catalyst for growth at various areas such as Bandar Saujana Putra, Kebun Baru, Sijangkang, Jenjarom and Telok Panglima Garang.

It would also help to shorten travel time between Putrajaya and Telok Panglima Garang by 30 minutes, he said.

Malaysia Highway Board director Datuk Ismail Salleh said the SKVE Section II phase cost RM230mil.

“It is more expensive than the other phases of the highway due to the extremely soft soil,” he said, adding that the whole stretch of the SKVE would cost RM1.1bil.


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Click to deleteIJM Land targets RM2.5b new launches
http://www.theedgemalaysia.com/in-the-fina...aunches.htmlMay 31, 2012KUALA LUMPUR: Property developer IJM Land Bhd is looking to achieve better sales for its FY13 ending March 31, on new property launches worth RM2.5 billion.

Its managing director and CEO Soam Heng Choon said the group managed to achieve RM1.4 billion in sales for FY12 and is hoping to surpass it with new launches slated for FY13.

“We hope to do better this financial year with new projects coming onstream such as Bandar Rimbayu and Seri Riana in Wangsa Maju,” he said at the media preview of the group’s Bandar Rimbayu township project yesterday.

The massive township project is expected to become the group’s anchor development for many years.

With an estimated gross development value (GDV) of RM11 billion spanning the next 15 years or longer, the project will comprise 11,000 homes on a huge 1,879-acre (751.6ha) landbank in Banting, Selangor. There will be four precincts — the residential Flora and Fauna, a commercial hub and the high-end Bayu.

The entire township will be developed by Canal City Construction Sdn Bhd, a unit of Radiant Pillar Sdn Bhd, of which IJM Land and its associated company Kumpulan Europlus Bhd (KEuro) each holds a 50% equity stake.


Soam (right) and Canal City Construction Bhd COO Shuy Eng Leong at the unveiling of its latest green township, Bandar Rimbayu.

Soam declined to comment when asked if IJM Land plans to purchase the remaining 50% stake in Radiant Pillar from KEuro, which needed to raise fund for its West Coast highway project.

“We are planning to launch our first product The Chimes in 4Q of 2012. The launch would consist of 526 link houses with built-ups of between 2,100 and 2,400 sq ft per unit,” Soam said of the first phase of Bandar Rimbayu.

Soam said he could not provide the estimated GDV and prices of The Chimes as the project is still pending approval from the authorities. “However, I can say that these units would be affordable as there is a strong demand for affordable homes now in the Klang Valley,” he added.

Soam said Bandar Rimbayu has received strong interest with over 2,000 registrants on its website. “We expect the take-up rate to be strong. We are hoping to launch 1,000 new units within a year,” he said. IJM Land plans to fund the initial phase with bank borrowings and internally generated funds.

Bandar Rimbayu was previously known as Canal City, as it was initially supposed to include a waterfront development along an 18km canal connecting Sungai Klang and Sungai Langat.

The land was offered to KEuro by the previous Selangor government in exchange for a highway project and a flood mitigation job which included the canal. However, the canal project was called off as the current Selangor government viewed it as unnecessary.

The developer has since redrawn the plans and renamed it Bandar Rimbayu, with plans to turn it into one of the largest green townships in Malaysia.

Soam said Bandar Rimbayu is strategically located as it is connected by five highways — Lebuhraya Shah Alam (Kesas), Expressway Lingkaran Tengah (Elite), South Klang Valley Expressway (SKVE), Lebuhraya Kemuning Shah Alam (LKSA) and the proposed West Coast Expressway (WCE).

“We plan to offer a variety of products in Bandar Rimbayu. There are plans for low-cost housing as well as high-end properties,” said Soam. The group yesterday signed an agreement with Telekom Malaysia Bhd to provide high speed broadband infrastructure (HSBB) in Bandar Rimbayu.

For FY13, Soam said IJM Land has also planned to launch new projects in the Klang Valley, Penang, Kuching, Sandakan and Kota Kinabalu.

“The immediate launch would be Seri Riana in Wangsa Maju next month with units from 1,300 to 1,700 sq ft in size. We are mainly targeting families,” he said.

In the last six months, IJM Land rose 8.5% to a high of RM2.31 in December but fell to close at RM2.04 yesterday.

This article appeared in The Edge Financial Daily, May 30, 2012.

actually freehold and leasehold 99yrs has not much different in price. just people's perception.

What is the land size? They starts promoting on radio.

Besides rimbayu, bcb berhad will launch its township in Kota kemuning too.

check out concerto thread, i post something about bcb there. it will be a joint ventured project between bcb and a china developer.

recommended project!

Depend on market performance, this project will be developed in or more than 10 years time. You can look for capital appreciation; rental wise, Alam Impian is now asking for 1,700 - 2,000 per month. Kemuning Utama and Kota Kemuning around 1,500 to 1,800 per month. Putra Heights also around 1,500 to 2,000 per month. Thus let's assume rental stay stagnant, rental should be stay at 1,500 per month or more.

Overall concept of the development would enhance the value of the properties in this project. I trust IJM.

wait for another 5 years

SEG 1st phase is sold out .wat to say RIMBAYU

now buying property have to depend on luck too... sigh..hahah

Leasehold 99 years is about for 3 generations.. noone will know after 99 years what the hell of this world will be.

let's see what people say about BR in 2022.