An aerial view of The ARC, Bandar Rimbayu’s main centrepiece.
IJM Land Bhd, the developer of Bandar Rimbayu will be launching the third phase of the township early next year, following the good take-up rates in the first two phases of the development.
IJM Land managing director and chief executive officer Datuk Soam Heng Choon said the project had so far clocked up RM600mil in sales.
“Phase 1 is 90% sold out, while Phase 2 still has 20% in unsold units,” said Soam after launching the Bandar Rimbayu Show Gallery in Kota Kemuning recently.
The gross development value of Phase 3 is estimated to top RM400mil. On the whole, the 1,879 acre mixed residential and commercial project has an estimated GDV of RM11bil and is targeted for full completion over the next 15 years.
“The eco-friendly and sustainable concepts of Bandar Rimbayu have created interest among potential homeowners who are attracted to the idea of living in a green township that offers a holistic lifestyle experience,” said Soam , adding that part of the attraction of the township would be the 10,000sq ft Arc, which encompasses an elevated green roof deck designed to accommodate sunlight, heat, humidity and rain.
Expected to cater a living population of 50,000 people, Soam said about 15% of the land has been set aside for green lung and water bodies.
The township is also accessible via three highways — Elite, Kesas and the South Klang Valley Expressway.
Phase 1 of Bandar Rimbayu was launched in March followed by Phase 2 in August.
With an indicative selling price of RM850,000 and above, Phase 3 comprises 464 units of linked semi-detached residences in two designs, spread over 51 acres of land.
The units feature a generous land allocation of 32ft x 70ft perfect for homeowners with a penchant for gardening and children who love the outdoors.
IJM Land expects to announce Phase 4 (110 units of 24-footer link homes) and Phase 5 (about 230 units of landed strata linked homes, service apartments and shop lots) in the next two years.
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