Scientex Announces Quarter 4 FY2023 Results
Scientex » Property
In support of the Government’s effort to make affordable home ownership a reality for all individuals and families in the country.
In support of the Government’s effort to make affordable home ownership a reality for all individuals and families in the country, Scientex’s property division has targeted to deliver 50,000 units of affordable homes by 2028.
To date, Scientex’s property division has delivered nearly 31,314 affordable homes priced below RM500,000 nationwide, of which some 71% are priced below RM300,000. And in line with the Vision 2028- 50,000 units of affordable homes, the property division has put in place various projects within 3 geographical regions in the country.
Scientex’s Property Division was first incepted in 1995 in Pasir Gudang with the vision of providing affordable yet quality homes to house buyers. We recognise that affordable home ownership remains a challenge to the lower to middle income buyers due to escalating selling prices and scarcity of reasonably priced land banks for development. Accordingly, and to meet the ever growing demand for affordable homes for this category of homebuyers, our business model is to build more affordable homes at reasonable prices to cater to the demand from this group of buyers.
Scientex has marked our first foray in the Northern Region – Perak in 2016, followed by Penang and continues to strengthen our presence in the Northern Region with the acquisition of 161.6 acres of freehold land in Sungai Petani, Kedah.
Driven by the increasing demand for affordable housing developments across the Greater Klang Valley, Scientex Central Region is expanding its footprint. Building upon the success of its townships in Rawang and Kundang Jaya, Scientex has recently acquired land in Jenjarom, further capitalizing on the growth potential of these strategic areas. This expansion aims to meet the rapid demand for both residential and commercial properties, ensuring that Scientex continues to provide affordable and high-quality real estate solutions to the market.
Over the years, Property Division has established itself as a trusted Property Developer committed to delivering quality yet affordable homes targeted at middle to the low-income group, it has built its own brand name and strong presence in the affordable property market in Southern Johor, and continues expanding by acquiring lands in Malacca.
Scientex successfully entered the overseas property market in 2022 with our first joint venture project in Bangkok, Thailand. This move is consistent with our Cross Boundary Development Strategy to capture new market opportunities and sustain the growth of our property division. Building on this momentum, on March 21, 2023, Scientex announced its second joint venture agreement in the overseas market, marking its entry into the affordable home sector in Indonesia. The new venture project augurs well for all parties involved, as the reputable property player leverages its deep knowledge of the local domain in Indonesia, while Scientex will bring to the table our proven expertise in developing large-scale townships with quality and efficiency based on our home-grown building technologies.
Over the last two decades, our Property Division has steadily expanded its footprint northwards from Johor through to Melaka, Negeri Sembilan, Selangor, Perak, Penang and Kedah to provide Malaysians with access to affordable homes.
To-date, Scientex marked our opening move into overseas property markets with our first joint venture project in Bangkok,Thailand and second joint venture in Jakarta, Indonesia.
No. 9, Persiaran Selangor,
Seksyen 15, 40200 Shah Alam,
Selangor Darul Ehsan, Malaysia.
Scientex continues to strengthen our presence in the Northern Region with the acquisition of 161.6 acres of freehold land in Sungai Petani, Kedah, in line with Scientex’s vision to benefit more Malaysians with affordable yet quality homes throughout the country.
Scientex Sungai Petani comprises mixed development of residential and commercial properties. It offers great access to the North-South Expressway, Sungai Petani Selatan Toll Plaza & Sungai Petani Utara Toll Plaza.
With its strategic location, a myriad of amenities can be reached with ease, such as Mydin Sungai Petani, Amanjaya Mall, The Carnival Waterpark, UTC Sungai Petani, Regent International School, Sultan Abdul Halim Hospital and so on.
Scientex has marked our first foray in the Northern Region – Penang. It is strategically located in Tasek Gelugor, within the Seberang Perai Utara district.
Scientex Tasek Gelugor spreading over a 179.7 acres prime freehold land offering a total of 2,332 units of double storey terrace houses with affordable price as well as designed for the modern lifestyles with functional layouts affording ample space for everyone and every activity.
Following the overwhelming respond from Scientex Tasek Gelugor, we continue to strengthen our presence in Penang by acquiring a total of 343 acres freehold land in Sungai Dua, which is also within the Seberang Perai Utara District.
Scientex Sungai Dua offers good road connectivity as it is just located 7km from the Sungai Dua Toll Plaza which provides easy access to the North-South Expressway as well.
This promising development brings you the ultimate experience in serenity, joy and harmony lifestyle; unlock the doors to forthcoming opportunities.
Perak is located in the Northern region of Malaysia where Scientex has extended its geographical footprint in 2016.
The development projects in Ipoh kicked off in 2017 offering a wide range of affordable houses and condominium to cater home owners and investors under various projects known as Scientex Klebang, Scientex Meru, Scientex Meru 2 and 3. With proven record of completing more than 1,357 units of houses and condominium of our launched project, we continue to receive positive response from the market in Ipoh, more affordable homes are in the pipeline to be launched in due course.
In 2017, we embarked on an expansion journey, extending our presence to the central region of Selangor, the most urbanized and populous state in Malaysia. Our first milestone was the acquisition of a 65-acre piece of land in Rawang, marking the beginning of a mixed development project comprising affordable freehold landed residential and stratified properties.
The success of our venture in Rawang led us to further expand our development in the area. Towards the end of 2019, we acquired an additional 208 acres of freehold land in Kundang Jaya. The affordability of Scientex Kundang Jaya proved to be a significant draw, as evidenced by the impressive take-up rate following its first launch in October 2020.
With a commitment to strengthening our presence in Selangor, we made yet another notable acquisition in September 2020. This time, we acquired approximately 138.6 acres of freehold land in the district of Hulu Langat, strategically located in close proximity to Cheras and Ampang. The forthcoming Scientex Cheras development will offer an affordable sanctuary right next to Kuala Lumpur city.
Building upon our successful track record in Rawang and Kundang Jaya, we recently acquired 250 acres of freehold land in Jenjarom, adjacent to the Telok Panglima toll. Scientex Jenjarom development will continue to contribute to the creation of an affordable residential township for the local community and its surrounding areas.
As the demand for affordable houses in Peninsular Malaysia keeps growing, Scientex’s objective is in tandem with the Government’s initiatives to make home ownership a reality for more Malaysians. Our landbank is aggressively growing and we had our first foray in Negeri Sembilan with the Seremban land acquisition.
Scientex Seremban spreads over a 108.5 acres of prime freehold land comprising mixed development of residential and commercial properties. Our development offers great access to the North-South Expressway which is 5 km away (Seremban/Labu exit) as well as LEKAS Highway (Seremban exit) which is approximately 8km away.
With its great accessibility, homebuyers can now reach to a myriad of amenities with ease, such as Seremban Gateway, Tesco Extra, Columbia Asia Hospital, Aeon Mall, KTM Seremban, Royal Gallery Tuanku Ja’afar and so forth.
Ayer Keroh is fast emerging as an education hub, located in the south western of Melaka. Overall development spread across 137 acres of land on an elevated plateau comprising mix development project which include residential houses and apartments.
Our development in Melaka continues expanding by acquiring a freehold land in Durian Tunggal located in the southern district of Alor Gajah Melaka and merely 6km away from Ayer Keroh Toll. Scientex Durian Tunggal spread across a total land area of 202.2 acres comprises mostly affordable house.
Buoyed by the great success at Scientex Durian Tunggal, we further expanded our existing land bank by acquiring another piece of freehold land namely Scientex Durian Tunggal 2, sprawling across 208.9 acres fronting to the existing land bank. The close proximity between both existing and proposed Durian Tunggal 2 development will enable us to tap on operational efficiencies and economies of scale to build more affordable homes in the region.
In view of high demand in affordable houses, Scientex has acquired 2 new freehold land bank in Jasin spread across a total of land area 157.8 acres and 1,357.5 acres. Another township to produce more affordable houses and shop lots, strategically located nearby North-South Expressway and AMJ Highway. Conveniently accessible to several amenities such as Mydin Hypermarket, Family Store, Jasin Hospital, banks, schools, universities and especially the satellite township of Melaka International Trading Centre (MITC), where most of the Melaka State Government departments and utilities are located.
Property Division has come a long way since the debut of Taman Scientex Pasir Gudang in 1995 with the vision of providing affordable homes to middle to low income group, particularly in Pasir Gudang area. The successful development of Taman Scientex Pasir Gudang has boost the conviction of the Management to serve greater Johorean by bringing the business model to Taman Scientex Kulai in 2008 and subsequently Taman Scientex Senai in 2013.
There has been no looking back since then, Taman Pulai Mutiara, which span 326 acres of freehold land was maiden launched in 2016, following by Taman Scientex Senai Utama in 2018, where it is located right next to the North-South Expressway and the Senai Highway. Demand for the affordable homes in Johor State continues remain strong. In July 2023, another 2 land bank-Scientex Tebrau and Scientex Bandar Kulai will further expand to meet the current market demand.
Thereafter in 2017, the Management committed to another 336 acres of freehold land, adjacent to our existing Taman Pulai Mutiara, known as Amber Land to further strengthen our foothold in Pulai. The acquisition of Scientex Kota Tinggi in north-east Johor Bahru in 2019 and Scientex Pulai 3 in 2020.
Beside affordable homes segment, the Management has on 2010 acquired 145 acres of prime land in the heart of Skudai, which was later development into vibrant township named Taman Mutiara Mas. E’Roca Hills is another unique development sites on the hilltop of Taman Scientex Kulai and command breathtaking view of surrounding greenery.
Over the years, Property Division has established itself as trusted Property Developer committed in deliver quality yet affordable homes targeted at middle to low income group, it has built it own brand-name and strong presence in affordable property market in Southern Johor.
Scientex enters joint ventures to make maiden foray into Indonesia affordable home sector. Our long-term vision is to expand our Scientex brand in Indonesia’s property development sector, and share our affordable housing knowledge, expertise and experience in the region.
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