KUALA LUMPUR: Berjaya Land Bhd (BLand) has sold RM150 million worth of condominiums at its Covillea Bukit Jalil project to South Korea’s Hanju I & D Co Ltd.
BLand said yesterday its wholly owned subsidiary Berjaya Golf Resort Berhad had signed the sale and purchase agreements with Hanju I & D’s subsidiary Hanju Savanna (M) Sdn Bhd for the sale of two blocks of high-rise residential units.
Covillea Bukit Jalil sits on 2.91 acres of land. “The signing between Berjaya and Hanju augurs well for our local property market as it reflects the continued confidence that foreign investors have in our property industry,” said BLand chief executive Datuk Francis Ng.
Fancy looking out to beautiful greens and fairways from a luxurious low-rise condominium? Savanna 2 Bukit Jalil – an exciting residential project by Berjaya Golf Resort Bhd – makes this possible.
As a reflection of your discerning lifestyle, every Savanna 2 condominium offers spectacular views of the 18-hole Bukit Jalil Golf & Country Resort.
One of the Klang Valley’s most talked-about golf clubs, the signature course is sprawled over a 165-acre site of lush tropical greenery and scenic views. A superb course designed by renowned Australian designer Max Wexler, the international-class course is delightful for the challenges it poses to golfers.
Located within the natural expanse of Bukit Jalil, Savanna 2 is only 12km or 15 minutes from Kuala Lumpur City Centre. The condominium project is being developed within the Multimedia Super Corridor (MSC) development zone and neighbours Technology Park Malaysia, an MSC hub that is home to a number of international ICT companies.
Indeed, the level of exclusivity offered by Savanna 2 is unmatched – the exclusive four-storey, low-rise villa-style condominium comprises four blocks of only 32 units. Only two units occupy per floor, and each level is serviced by a private lift.
The course views certainly enhance Savanna 2’s sense of place where careful planning allows residents an enduring vista of undulating fairways and well-placed holes. Its cutting-edge contemporary design intermingles with the surrounding lush natural and landscaped environment to create a unique living experience.
Sharing the common boundary with the course’s seventh and 16th greens, the units are orientated to full-width verandas and large, full-height windows in the master bedroom. The ground floor units, which additionally boast private gardens, have their fenced walls right up to the fringe of greens.
Savanna 2 is also close to an 80-acre park and numerous recreational facilities – all in an area that has been gazetted as an international zone and is already home to a number of gated bungalow and condominium communities.
Residents of Savanna 2 will also enjoy the benefit of a central location, which is highly accessible and located at the crossroads of major roads or highways. It is also located within walking distance to two metro stations – the Bukit Jalil and Sri Petaling STAR LRT stations.
Also close to Savanna 2 are comprehensive public amenities such as educational institutions, shopping malls, hypermarkets, hotels, convention centre and hospitals.
For expatriates, the presence of international schools like Alice Smith International School, Australian International School and International Medical University (IMU) serve as a big attraction as well.
Spaciousness is also a palpable trait of the freehold Savanna 2; each unit boasts three bedrooms, a utility room and a maid’s room.
The typical built-up size of a Savanna 2 unit is 1,605 sqf (149 sqm); those located on the ground floor are a little bigger and boast a land area ideal for your own little garden, for a total of 2,079 sqf (193 sqm).
Meanwhile, the top duplex units at 2,026 sqf (188 sqm) also boast their own private gardens on the upper level. In addition, each unit is sold with two reserved parking bays.
Savanna 2’s facilities are second to none and include a clubhouse with an infinity swimming pool, children’s wading pool, Jacuzzi, gazebo, changing room with sauna, cafeteria with poolside terrace, multi-purpose hall, glass-walled gymnasium with a view of the golf course and pool, kindergarten and other business outlets.
Designed to be a premier guarded and gated development, Savanna 2 also boasts multiple security checkpoints, such as a gated main entrance, security guard patrols and access control to lobbies, an automatic boom gate system at the entrance, CCTV surveillance, and an intercom system. Each residential block has its own private entrance to ensure utmost safety and security.
Savanna 2 has yet to be officially launched. For further enquires or details, please call Ms Jeannette at +603 2149 1254 or +6018 2200828, or send an e-mail to [email protected]. For additional information, please visit www.berjayaproperties.com.
New launches exclusively to address the high-end market.
BERJAYA Land Bhd (BLand) is seeing a return of buying interest for its high-end residences and is lining up a number of projects in the Klang Valley for launch in the coming months.
Mah Siew Wan... ‘The developments are set to meet the needs of a niche high-end market.’
The company’s upcoming launches include the luxury high-end Vasana 25 bungalows and link bungalows at Seputeh Heights in Kuala Lumpur. The project is targeted for launch by December.
It also has some freehold bungalow land at The Peak @ Taman TAR as well as Savanna 2 and Covillea condominiums, both in Bukit Jalil.
Savanna 2 @ Bukit Jalil comprises a block of 4-storey walk-up of 32 condo villas on 1.2 acres with gross development value (GDV) of RM22mil, while Covillea will comprise of two 20-storey blocks of 308 residences with a total GDV of RM150mil.
The projects are targeted for launch by early next year.
Senior general manager for properties and marketing, Mah Siew Wan, says the developments are set to meet the needs of a niche high-end market and based on the enquiries received, the company is confident of receiving good take-up for them.
Mah says BLand’s latest high-end bungalow project in Seputeh Heights – Vasana 25 @ Seputeh Heights are targeted at the home up-graders.
Sited on a freehold 4.93-acre land, the project comprises 22 villas and three bungalows. With land area of between 5,000 and 7,000 sq ft and built-up of 5,743 to 7,665 sq ft, the houses are priced from RM5.5mil to RM8mil. They will have a private glass lift and pool each.
Vasana 25 with gross development value of RM150mil will be ready by October next year.
A link bungalow at Vasana 25 in Seputeh Heights.
Even before the official launch, 36% of the project have been sold for a total sales value of RM56.5mil.
Every residence in the gated and guarded project has excellent view of Kuala Lumpur city while its glass features allow a lot of natural lighting.
According to Mah, BLand started Seputeh Heights in 1997, offering 103 bungalow lots of between 7,992 and 23,100 sq ft.
Over the past 12 years, 92 bungalow lots have been sold at an average price of RM200 per sq ft. The balance 11 bungalow parcels are now available at RM400 psf.
Seputeh Heights also has four purpose-built bungalows, which were constructed by Berjaya Land and sold for more than RM5mil to RM8.5mil each.
Other BLand projects in the pipeline include a mixed development called 1Petaling Residences, Commerz @ Sg. Besi and the final phase of landed homes in the Berjaya Park township in Shah Alam.
As for commercial projects, they include 114 units of 3 storey shop office with a GDV of RM85.5mil in Berjaya Park, and a 4 storey retail lot development of about 300,000 sq ft in Bukit Jalil.
Locally, BLand still has about 1,000 acres land bank, with potential GDV of RM8bil.
Most of the projects are in Ampang, Bukit Jalil, Shah Alam and Seputeh Heights.
It has ongoing projects worth a GDV of RM802mil comprising Savanna 2 in Bukit Jalil, Berjaya Park in Shah Alam, Taman TAR in Ampang and Kuantan Perdana in Pahang.
Mah says BLand is also looking at tapping into the foreign market with the impending launch of its maiden offshore project in Vietnam.
“We will kick off our first launch of residential components in Bien Hoa mixed development, located in the bustling metropolis of Bien Hoa, Dong Nai Province in Ho Chi Minh City, sometime in October.
“This will be followed by another sales launch in Thach Ban Garden City in Hanoi in the last quarter of the year.”
BLand is also looking at launching its resort type residential and commercial project on 183 acres in Jeju, South Korea, in June next year.
Mah says although most of the company’s earnings are still from its local projects, offshore projects also have the potential to become a bigger contributor in the coming years.
“With all the new developments coming up, we hope to double our sales from RM105.6mil recorded in the last financial year ended April 30,” Mah says.
For the fourth quarter ended April 30 of BLand’s 2008 financial year results, the company posted a net loss of RM53.98mil against a net profit of RM631.7mil in the same quarter of the preceding year due mainly to lower revenue contribution from its gaming, hotel, resorts and property development divisions.
I am thinking of investing a property in Bukit Jalil. Can anyone share with me why people will want to stay in Bukit Jalil? I have been there for few times and find that it is quite desserted in a way. Not much shops or makan places too.
Berjaya Land lines up slew of new launches next year
By Sharen KaurPublished: 2009/10/01
PROPERTY developer Berjaya Land Bhd (BLand) (4219) has lined up a slew of new launches this year and next as it sees signs of recovery in the local property market.
It has 10 projects in hand worth some RM1.2 billion.
"Based on the sales of properties at our ongoing developments, we believe the market is heading back to normal. Next year will be more exciting for us as we will introduce new product launches," BLand senior general manager of properties and marketing, Mah Siew Wan, told Business Times in an interview.
The company plans to launch a RM150 million residential project called "Covillea" in November, within its 160ha Bukit Jalil development in Kuala Lumpur.
Covillea comprises two blocks of apartments totalling 308 units, priced from RM400,000 per unit.
"We will launch five or six more projects in phases at our Bukit Jalil development over the next few years. Bukit Jalil is a mature township. It has a golf course and is located 15-20 minutes away from the city and we are confident of the take-up rate," Mah said.
BLand is one of the earliest developers in Bukit Jalil. It bought the 160ha land before the Sukom 98 games.
To date, it has used 64ha for an 18-hole golf course and a clubhouse to spearhead developments in the area.
BLand has been active in opening up new projects to sell, despite the slow market sentiments and economic uncertainties.
It had opened for sale five projects in the Klang Valley since the first quarter of this year.
They are Savanna 2 @ Bukit Jalil, comprising four blocks of condominium villas worth RM32.5 million, The Peak @ Taman Tar featuring 88 bungalow lots worth RM354.4 million, and Vasana 25 @ Seputeh Heights, consisting of three bungalows and 22 link villas worth RM150 million.
The other two projects are Hazel 2 @ Shah Alam, comprising 87 units of terraced houses worth RM32 million, and 1 Petaling @ Sg Besi, featuring a 21-storey building with 250 units of condominiums and 32 units of shoplots, worth RM73 million.
BLand has achieved 20-25 per cent sales from the properties, but for 1 Petaling, 50 per cent of the units have been sold, Mah said.
She believes that sales will improve, given that people are starting to look for new homes.
BLand has other projects like The Link @ Bukit Jalil, featuring three and four storey shop offices, Kinrara Mas Shop Apartment in Puchong, Seputeh Heights with 103 bungalow lots, and Kuantan Perdana, comprising 37 units of shopoffices.
The properties are worth around RM350 million and 80-95 per cent have been sold.
BLand, a Berjaya Corp Bhd unit, posted net loss of RM102.15 million last year, compared with net profit of RM1.11 billion a year ago due to the absence of exceptional gains.
Revenue, however, jumped nearly threefold to RM4.2 billion, mainly due to higher contribution from the gaming business arising from the full year consolidation effect of Berjaya Sports Toto Bhd.
show unit open 4 viewing
from 22/11/09 at covillea sales office
legal fee borned by developer
0%interest rate during construction
repayment start only upon completion
loan up to 100%
price from rm378,988 to rm829,850.
bumi - 5%
xpected completion -nov 2012
early bird-rebates up to rm10k(1st 30 buyers)
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