Penduline’s initial 132 homes 85% sold

PETALING JAYA (Nov 20): IJM Land Bhd has sold 85% of 132 units of two-storey terraced homes under its Penduline scheme launched on Nov 15, says its senior manager for sales and marketing Susan Teh.

Penduline, which will eventually comprise a total of 625 units, is part of the 1,879-acre, RM11 billion Bandar Rimbayu township located next to Kota Kemuning, in Telok Panglima Garang, Klang.

The homes are priced from RM625,000, or RM356 psf, and have a built-up area of between 1,751 and 2,021 sq ft, and land area of 20ft by 70ft.

“More than 100 families have showed interest in this project, with some of them spending the night at our sales gallery before the day of the launch to secure their preferred units,” she tells The Edge Property via e-mail.

“We provided sleeping bags, meals, as well as entertainment for our potential buyers who spent the night at our office,” she adds.

According to IJM Land, about 1,500 people have registered their interest in the project since a month ago.

Teh says the take-up rate is encouraging despite the soft market.

“Most of our buyers are young couples purchasing their first home as the units are really affordable and in a strategic location,” she notes.

Bandar Rimbayu will be linked to Putrajaya, Cyberjaya and Kajang via the South Klang Valley Expressway, and to Kuala Lumpur International Airport and the southern region via Ekspresway Lingkaran Tengah.

Bandar Rimbayu will also have access to the proposed West Coast Expressway, which will link Banting to Taiping, Perak.

Teh says the next two phases of Bandar Rimbayu are Blossom serviced apartments and the second phase of Blossom Square shop offices, to be launched in 1Q2016 and 4Q2016, respectively.

Blossom serviced apartments comprises 488 units of three different sizes — 872 sq ft, 921 sq ft and 1,055 sq ft.

The serviced apartments should be sold for below RM450,000, and cater to first-time homebuyers, Teh says. She adds that more than a thousand people have registered their interest in both products.

Blossom Square comprises 88 units of shop offices with a land area of 22ft by 70ft, or 22ft by 75ft. The sizes of their built-up area are being finalised. They are tentatively priced from RM1.5 million upwards.

Click here to check out properties in Kota Kemuning.

This story first appeared in The Edge Property pullout on Nov 20, 2015, which comes with The Edge Financial Daily every Friday. Download The Edge Property here for free.