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On the left, Land & General Bhd managing director Low Gay Teck and on the right, Land & General Bhd chief financial officer Tan Boon Siong.

Land & General Bhd (“L&G” or the “Company”) yesterday announced its achievements driven by the progress and sales of its three on-going developments; Astoria Ampang, Sena Parc in Senawang and Damansara Seresta in Sri Damansara with a total current unbilled sale of RM182.9mil.

The group's revenue increased by 45% for its financial year ended 31 March 2019 (“FY2019”) at RM134.4mil as compared to its corresponding financial year that ended on 31 March 2018 (“FY2018”).

Within FY2019, L&G has launched Sena Parc in Senawang (total GDV RM230mil) situated at the previous location of Tuanku Jaafar Golf and Country Resort. The Phase 1A of this township offers 163 units of double-storey terrace homes with a current take-up (bookings included) of 60%.

The Group also launched Damansara Seresta (GDV of RM480mil), encasing 452 units of high-rise homes, constructed next to the successful Damansara Foresta, nestled in Bandar Sri Damansara in the same financial year. Leveraging on Damansara Foresta, Block A of Damansara Seresta was launched last year and has a current take-up of 39%

The third development by the L&G, Astoria Ampang currently has a take up (including bookings) of 69% for its phase 1 launch, offering a total of 506 units. Several buyers are keen on the project due to its close proximity to an upcoming MRT station that will service the suburbs of Ampang.

For 2020, L&G is expected to introduce two fresh phases in its Senawang township; a semi-detached parcel comprising 74 units and 54 units of double-storey link homes, the second phase of Astoria Ampang (506 units of condominiums) and a new 112-acre development dubbed Aria Rimba developed in U10, Shah Alam with an estimated total GDV of RM1.2bil.

Aria Rimba will offer to prospective property purchasers Phase 1A; 150 units terrace houses and Type-A Rumah Selangorku presenting 162 units of medium-rise apartments with a total GDV of RM111.8mil.

L&G currently has sufficient projects to stay occupied for the next 8 to 10 years and sufficient landbanks to last for the next 10 to 15 years.

(19 September 2019)


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good news to L&G