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Strategically located in the heart of Valencia, the Luc Premium Bungalow phase comprising 13 units of luxurious modern bungalows is the final development in Valencia.
Each bungalow sits on an average land area of 10,000 sq ft with built-up ranging between 5,038 and 5,280 sq ft.
Main contributors of new sales in Malaysia comprised our
established township projects, namely Bandar Botanic in
Klang, Selangor, and Horizon Hills in Iskandar Malaysia, Johor.
New sales achieved from these large-scale townships were
RM334 million and RM1 billion respectively, for FY2013.
Malaysia
The division’s strategy to focus on developing its core
domestic property projects in Malaysia enabled strong
growth and improved underlying profitability for FY2013.
The division’s unwavering commitment to become the
leading lifestyle property developer in the country, with
its premier lifestyle-themed offerings, has successfully
enhanced our product range while sustaining strong
buying interests, both locally and internationally.
Moving forward, local property development projects
will continue to play an important role in sustaining the
division’s revenue growth. The division has launched
several new Klang Valley-based developments such as
The Robertson in FY2013/2014. It is also launching
several new developments in Kota Kemuning, Jade Hills
and Bandar Botanic.
Most importantly, increasing our land bank will be the
division’s top priority.
In this aspect, the division’s land acquisition efforts
received a boost in the first quarter of 2013 when it
managed to acquire two plots of land in the Klang
Valley – 724 acres at Serai and 89 acres at Kundang,
which is expected to generate GDV of RM5.2 billion.
The strategically located land parcels will offer positive
prospects for mixed property developments like our
successful townships at Kota Kemuning, Bandar Botanic
and Horizon Hills.
As at the end of FY2013, the division has an undeveloped
land bank totalling 1,677 acres in Malaysia and 650
acres in Vietnam with a combined Gross Development
Value (GDV) of RM26 billion.
The property development division plans to acquire more
land parcels in the near future and has set aside a fund
of up to RM1 billion a year, over the next few years, for
this purpose.
033
Operations
Review
Gamuda Berhad (29579-T)
Annual Report 2013