IJM unveils Bandar Rimbayu plan

IJM Land Bhd has introduced its Bandar Rimbayu township, with an estimated gross development value of RM11 billion, to be spread over 751.6ha close to Kota Kemuning in Shah Alam.

Bandar Rimbayu, which will comprise four precincts, is targeted for full completion within 15 years, which will boast about 10,000 residential units in total.
“IJM Land’s architects and town planners have also enlisted “defensible space” solutions to make Bandar Rimbayu safer for the community, guided by the principles of crime prevention through environmental design.
“The launch of its maiden product — The Chimes, consisting of 526 units of linked homes, is targeted for the second half of 2012,” IJM Land said in a statement yesterday.
It added in conjunction with the launch of the development project, IJM Land also signed a service agreement with Telekom Malaysia Bhd for the provision of high speed broadband infrastructure in the new township.
Meanwhile, IJM Corporation Bhd reported a 169.2% higher pretax profit of RM190.82 million for the last quarter ended March 31, 2012, compared to RM70.89 million in the corresponding quarter of last year — with the construction, property and industry divisions achieving profit growth.
For the year to date, the group recorded a higher pretax profit of RM801.59 million on operating revenue of RM4.52 billion.

Source: Bernama