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IOI Prop plans RM16b launches

24 June 2014

DEVELOPMENTS IN 3 YEARS: 70pc of new projects will be priced below RM1m

IOI Properties Group Bhd is preparing to launch RM16 billion worth of new projects over the next three years as the company is bullish about the local property market.


Chief executive officer Lee Yeow Seng said the company is scaling up launches to gain more confidence from buyers and investors.


“The local property market has taken some correction this year on the back of strong growth in the past two years and due to recent cooling measures by the government to curb speculation. It is good that the market is taking a breather.


“Once buyers digest all these, including the Goods and Services Tax next year, we will see another rebound in 2015 due to limited supply in the last one year,” Lee said in an interview, here, recently.


He said 70 per cent of the new projects will be priced below RM1 million.


These are properties will be located within existing projects and new developments in the Klang Valley, Johor, Singapore and China.


According to Lee, IOI Properties, which has a market capitalisation of RM8.5 billion, will have between 40 and 50 projects by 2017.


The company has 20 ongoing projects currently, with a gross development value of RM5 billion.

By year-end, it plans to launch two new townships in the Klang Valley worth a combined RM4 billion.

They are Bandar Puteri Warisan in Kota Warisan, located nearby the Kuala Lumpur International Airport 2 in Sepang, and Bandar Puteri Bangi.

Meanwhile, on house prices, Lee expects them to continue to increase due to an uptrend in the prices of oil and building materials.


We are now seeing the effects of subsidy rationalisation. Input cost is going up, and definitely, inflation will set in. With all these taking place, house prices will surely rise,” he added.

More: http://www.nst.com.my/node/5696
 

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Discussion Starter · #3 ·

A revolutionary new township in Bangi

Posted on July 24, 2014

By MELVIN CHOW
[email protected]


The Bandar Puteri Bangi is a mixed-use township development that consist of residential and commercial components backed by aesthetic landscaping.

BANGI: The town of Bangi, Selangor will soon be adorned with IOI Properties Bhd’s newest township of Bandar Puteri Bangi.

The 370-acre (149.7 ha) freehold mixed-use integrated development comes with a gross development value (GDV) of RM4bil that will transform the township into a modern lifestyle neighbourhood over the next eight years.

The township will consist of residential precincts, including gated and guarded terrace houses, townhouses, serviced apartments and condominiums; commercial hub that comprise of three and four-storey shop offices, lifestyle retail outlets and a hypermarket; and extensive landscaping, parkland as well as public amenities.

Bandar Puteri Bangi will have a 167-acre (67.6 ha) dedicated commercial hub that will be one of the largest business centres and economic activities within the Southern Corridor of Klang Valley including Kajang, Semenyih and Nilai.

The township’s development concept is derived from “the living theatre of nature and people,” which complements residents and visitors with lush flora and tree-lined boulevards of its planned California Street, Tropical Street, Art Street, ecoOasis Parkland and arenaOasis Clubhouse.


The arenaOasis Clubhouse will be complemented by
a picturesque lake, as well as an outdoor amphitheater with terrace-style seating.

Collectively, the Streets of Dreams will create a green network that reconnects the urban population with the natural landscape through a system of parks, paths and open public spaces

Bandar Puteri Bangi is situated at the current location of Bandar Bukit Mahkota and Bandar Seri Putera, with direct access from the North-South Highway (NSE) via the Putra Mahkota Interchange.

The development will consist of various amenities, including alfresco dining, street cafes, boutiques and showrooms. The food and beverage enclave will cater as a meeting place for business and social interactions.

Surrounding the township is also a number of universities such as Universiti Kebangsaan Malaysia (UKM) and Kolej Universiti Islam Antarabangsa Selangor (KUIS), shopping destinations such as Bangi Gateway and Nilai 3 Wholesale Centre, and hospitals such as An-Nur Specialist Hospital, KPJ Kajang Specialist Hospital and Nilai Medical Centre among other nearby hotels and golf courses.

The township is also connected via the Keretapi Tanah Melayu (KTM) commuter service located nearby.


http://www.starproperty.my/index.php/articles/property-news/a-revolutionary-new-township-in-bangi/
 

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Here's some progress..

They have started the construction of Kubica Square and the sales gallery will be completed anytime soon
 

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From IOI Properties Berhad fb page :

https://www.facebook.com/ioiproperties





Another milestone added on today, as it is the Groundbreaking Ceremony for IOI Properties and Tesco Stores Malaysia. This is will be Tesco's 56th store and located in Bandar Puteri Bangi.


It is slated to open by first quarter of 2017
 
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