PROPERTY WATCH New townships in north-west Valley

www.amesecurities.com.my 03 – 2036 2333 9 January 2018

Project LBS Alam Perdana Gamuda Gardens Elmina Gardens / Denai Alam Developer LBS Bina Gamuda Land Simfoni Irama Perdana Lavena Nara Liana Ferrea Product Perdana (2-storey (2-storey (2-storey (Superlink (2-storey (Townhouse) Terrace) Terrace) Terrace) Homes) Terrace) Pricing (RM ‘000/unit) 368 – 388 470 – 480 778 – 1,232 878 - 1,200 1,211 – 2,615 760 – 1,200 Lot Size 22 x 75 20 x 60 22 x 75 22 x 80 30 x 100 22 x 70 / 75 Built-Up (sq ft) 1,191 1,208 2,114 2,400 3,183 2,200 – 2,800 No. of Units 980 673 134 68 72 120 Targeted Completion 2019 2020 2020 2019 2019 2019 Estimated Take-Up 90% 50% 40% 75% GDV (RM mil) 420 233 - 177 Launch Date Nov 2017 Oct 2017 Nov 2017 Land Ownership Leasehold Leasehold Freehold Project Land Size 470 810 5,000 Source: LBS Bina, GamudaLand, SimeDarby Property

We recently visited 3 newly launched townships in the north-western corridor of the by local developers.

Product Highlights

LBS Alam Perdana,

. Alam Perdana, LBS Bina’s upcoming township, in Ijok,

Selangor is being built jointly with the state

government. It will see up to 10 parcels of land

developed for the affordable housing initiative “Rumah

Selangorku” and the 1Malaysia Civil Servants Housing Programme. . Situated within a 470-acre township, homebuyers will enjoy various amenities such as clinics, schools as well as recreational facilities.

LBS Alam Perdana – Simfoni Perdana/Irama Perdana Gamuda Gardens, Rawang

. The 800-acre Gamuda Gardens is a 15-year mixed development located in Rawang, Selangor. Leveraging

its natural surroundings to enhance its appeal, the township is being built with the preservation of nature in mind, offering cascading waterfalls and housing such as lakeside homes as well as hilltop houses. . The latest launches, Lavena and Nara, are double- storey-linked houses, offering 3 – 5 bedrooms in a gated community. Homebuyers can expect a wide range of recreational and sports facilities in the township. Accessibility to Gamuda Gardens is Gamuda Gardens – Nara convenient via highways such as the Guthrie Corridor and PLUS Highway or via KTM or MRT lines.

Property Watch 9 January 2018

City of Elmina,

. Sime Darby Property has launched new superlink and double-storey homes, Liana and Ferrea, as part of the Elmina Gardens and Denai Alam estates in their 5,000- acre City of Elmina. . Aimed at promoting healthy living, Liana and Ferrea offer dedicated community gardens as well as planter boxes/herb gardens to encourage homebuyers to plant their own greens. City of Elmina – Ferrea

Financing

. The property developers are currently offering rebates of 2% – 10% for selected units. Other financing incentives that developers are offering include payment of down payments in instalments as well as exemption

of sales & purchase agreement and loan’s legal fees. Market Response . LBS’s Alam Perdana township has fared well with an estimated take-up rate of 90%, attracting first-time homebuyers particularly. . We understand that there are some foreign investors, from China and Singapore particularly, that have taken an interest in the Gamuda Gardens launch, contributing to the 50% take-up rate. . Launched in November 2017, Sime Darby Property’s launches have chalked up an estimated 75% take-up rate.

The Big Picture . We believe that the market has continued to respond favourably towards selected township launches, especially for landed properties such as linked houses.

. Given that matured areas such as have inflated prices for landed properties, the move away from the city to areas such as Rawang and has allowed developers to price their projects more attractively. . We also find that developers are operating more wisely by introducing newer launches at a slower pace and in smaller number of units which help generate momentum as well as a better gauge of demand in the market.

Local map of townships

Gamuda Gardens

Alam Perdana

City of Elmina

AmInvestment Bank Bhd 2 Property Watch 9 January 2018

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