I&P sees another good year
Property developer I&P Group Sdn Bhd is on track to launch properties with a combined gross development value (GDV) of RM3bil this year, says its group managing director Datuk Jamaludin Osman.
He tells StarBizWeek that sales in 2012 will be driven by new property launches in Bandar
The group is a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB). Kinrara, Alam Damai, Alam Impian, Alam Sari, Temasya Glenmarie and Bandar Baru Seri Petaling in the Klang Valley as well as Taman Pelangi Indah, Taman Rinting and Taman Perling in Johor.
The group is a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB). Kinrara, Alam Damai, Alam Impian, Alam Sari, Temasya Glenmarie and Bandar Baru Seri Petaling in the Klang Valley as well as Taman Pelangi Indah, Taman Rinting and Taman Perling in Johor.
Jamaludin says in 2012, the group hopes to do better than the RM1.4bil in revenue it recorded last year.
“We are on track. Our 2012 turnover has crossed the halfway mark (of last year’s revenue) to date,” says Jamaludin.
In the final quarter of this year, the group is planning to launch three-storey terrace houses and apartments at its freehold 200-acre Temasya Glenmarie mixed development in Shah Alam.
“The exclusive apartments with limited units has a view of the golf course.
“They will be competitively priced and be value for money”, says Jamaludin.
It should be noted that at Temasya Glenmarie, I&P has recorded impressive take-up rates for its launch of 154 units of Citra double-storey superlink and 60 units of Anggun double-storey semi-detached homes in March this year.
Observers have described the buying response to the launch as “overwhelming”, with a few thousand people turning up to enter the ballot for the units, which were priced from RM975,888 to RM3.55mil.
In September, the group will offer additional three and four-storey shop offices in Bandar Baru Seri Petaling.
The three and four-storey shop offices, with built-ups ranging from 4,498 sq ft to 11,673 sq ft, will have price tags starting from RM3mil.
Jamaludin is expecting a strong response to the Zone J8 shop offices launch, based on the success of past launches of the group’s commercial units in Bandar Baru Seri Petaling.
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