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Old May 15th, 2013, 12:51 PM   #1
davidwsk
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KUALA LUMPUR | Pantai Sentral Park | 100m + x 8 | 33 fl x 8 | Pro

Name: Pantai Sentral Park
Floors: 33 fl x 8
Categories: Mix Use
Developer : IJM

Quote:
Originally Posted by rizalhakim View Post
Project Name : Pantai Sentral
Client : Surbana International Consultants Pte Ltd
http://www.8yolkstudio.com








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Old May 15th, 2013, 12:52 PM   #2
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Originally Posted by davidwsk View Post
Cash-rich IJM Land plans domestic, London expansion
11-April-2013



PETALING JAYA: As one of the few big boys in the property sector sitting pretty on a pile of cash, IJM Land Bhd is preserving its funds to expand both on the local front and in London.

The property player, which has a market capitalisation of RM3.8bil, has seen its share price on an uptrend since March, hitting a one-year high of RM2.67 yesterday.

In an exclusive interview with StarBiz, group managing director and chief executive officer Datuk Soam Heng Choon said the company was still growing and would put the money into working capital, notably for its project in London.

“The build-then-sell concept in London requires us to be financially ready,” said Soam.

Filings with Bursa Malaysia showed that the company had RM679.18mil in cash as at Dec 31, 2012, and a net asset per share of RM1.81.

Long-term borrowings stood at RM471.46mil and short-term borrowings at RM109.38mil, bringing the total to RM580.84mil.

The company was in the midst of resubmitting the building plan to the London authorities, added Soam.

The property player has a 51% stake in the mixed-development project on Royal Mint Street, comprising one block of five-star hotel-cum-residential apartments and three blocks of residential apartments with a total gross built-up of 650,000 sq ft.

He hopes to launch the project, which has a gross development value (GDV) of RM1.5bil, by the end of the year.

IJM Land plans to allocate 30% to 40% of the units to local buyers and open up the remaining for international buyers as the London property market is stable and experiencing an undersupply situation.

Also on the cards were plans to launch Pantai Sentral Park in Pantai Dalam, Kuala Lumpur, which had a GDV of RM4bil, in the third or fourth quarter of this year, he said.

When asked if it would continue to expand its landbank, Soam replied that with 1942.49ha (net of joint venture) of land, it was not “desperately” looking for land, although it would definitely consider buying if good opportunities arose.

“We would only consider buying a piece of land if we knew what kind of product to put on it,” he said.

As for dividend payouts, he said it would continue to reward shareholders but had no “particular” dividend policy, as it would focus on using the cash for the company's growth.

RHB Research noted that the dividend yield of the company was 1.2% for financial year ended March 31, 2012 (FY12), and has forecast 1.4% and 1.7% for FY13 and FY14, respectively.

Soam also shared that the company planned to launch RM3bil worth of projects this year, and hoped to be able to sell at least half of them.

Its unbilled sales, in the meantime, stood at about RM1.6bil.

While declining to provide a sales target, he said it would hopefully surpass the RM1.8bil sales achieved last year.

IJM Land was recently touted as “the Malaysian property play” in a research note released by RHB Research due to its presence in major Malaysian cities.

The research firm has revised its target price from RM2.89 to RM3.42, with a “buy” rating.

On the country's property outlook, Soam said properties were “hot” in different regions for various reasons.

“Property prices on the island of Penang are high due to a scarcity of land, while the Johor play is underpinned by the growth of Iskandar and the Singaporean buyers. The demand for Klang Valley properties, meanwhile, is always there due to urbanisation and limited land in the city area,” he explained.

Source: http://biz.thestar.com.my/news/story...9&sec=business
http://www.pantaisentralpark.com
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Old July 31st, 2013, 01:13 PM   #3
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https://youtu.be/ANBK1pDohs4

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Old August 5th, 2013, 09:21 AM   #4
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Quote:
Originally Posted by nazrey View Post
IJM Land unveils ‘forest city’
10 JUNE 2014 @ 1:33 AM
http://www.nst.com.my/node/1165

IJM Land Bhd and its joint-venture partner Amona Development Sdn Bhd has unveiled Phase 1 of the Pantai Sentral Park development, which is set to be the first urban forest city project here.

Also known as Inwood Residences, Phase 1 comprises 211 residential condominium units with built-up areas ranging from 1,140 sq ft to 1,975 sq ft.

The development sits on a land area spanning 1.222ha.

IJM Land chief executive and managing director Datuk Soam Heng Choon said Pantai Sentral Park has allowed the group and its joint-venture partner to create a next generation township that embraces the core values of “People, Planet and Priority”.

“Pantai Sentral Park takes green living to the next paradigm, seamlessly blending architecture with nature, while focusing on meeting the lifestyle needs and wants of its residents,” he said last week.

Meanwhile, Amona Group of Companies’ executive chairman Datuk Othman Ahmad said the strategic partnership with IJM Land is a coming together of two key companies in Malaysian property sector.

“Leveraging on our joint experience in sustainable property development and the delivering of the highest quality products and customer service, I am certain Pantai Sentral Park will become an industry benchmark,” he said.

With a gross development value of RM2.5 billion, Pantai Sentral Park is strategically located, being adjacent to Kuala Lumpur to the north-east, Bangsar/Damansara to the north, Petaling Jaya/Subang/Sunway to the west and Cheras/OUG/Sungai Besi to the south-eastern side.

Every unit of the residential condominium is oriented towards the north with city views and the south with forest and pool views.

-----

Last edited by davidwsk; April 12th, 2015 at 09:55 AM.
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Old April 16th, 2014, 01:16 PM   #5
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Site clearing.

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Originally Posted by archilover View Post

16 by atifnadzir, on Flickr

Last edited by davidwsk; April 12th, 2015 at 09:56 AM.
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Old April 16th, 2014, 01:17 PM   #6
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Originally Posted by W3raq View Post


-----

Last edited by davidwsk; April 12th, 2015 at 09:57 AM.
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Old April 12th, 2015, 09:58 AM   #7
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Quote:
Originally Posted by 3darchitect View Post
pantai sentral park new proposal by ijm look super cool, remind me of 625 W.57th St new york,but 10 times better
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Old September 20th, 2015, 08:00 AM   #8
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..

Last edited by davidwsk; June 14th, 2017 at 08:49 AM.
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Old January 4th, 2017, 07:18 AM   #9
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Untitled by Izz _R, on Flickr



Untitled by Izz _R, on Flickr
,,,
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Old January 4th, 2017, 02:17 PM   #10
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IJM Land chief executive and managing director Datuk Soam Heng Choon said Pantai Sentral Park has allowed the group and its joint-venture partner to create a next generation township that embraces the core values of “People, Planet and Priority”.

“Pantai Sentral Park takes green living to the next paradigm, seamlessly blending architecture with nature, while focusing on meeting the lifestyle needs and wants of its residents,” he said last week.

Meanwhile, Amona Group of Companies’ executive chairman Datuk Othman Ahmad said the strategic partnership with IJM Land is a coming together of two key companies in Malaysian property sector.

“Leveraging on our joint experience in sustainable property development and the delivering of the highest quality products and customer service, I am certain Pantai Sentral Park will become an industry benchmark,” he said.

With a gross development value of RM2.5 billion, Pantai Sentral Park is strategically located, being adjacent to Kuala Lumpur to the north-east, Bangsar/Damansara to the north, Petaling Jaya/Subang/Sunway to the west and Cheras/OUG/Sungai Besi to the south-eastern side.

Every unit of the residential condominium is oriented towards the north with city views and the south with forest and pool views.
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Old June 14th, 2017, 08:49 AM   #11
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U/C now

New Render:

https://www.facebook.com/pantaisentralpark/
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