Scientex Announces Quarter 3 FY2022 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 26,700 affordable homes priced below RM500,000 nationwide, of which some 72% 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 4 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 – 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.
Scientex has extended its geographical footprint in the Central region of Malaysia in 2016, started with Perak, followed by acquiring our first piece of land in Rawang measuring 65-acres in the Year 2017. Our landbank is aggressively growing and we had our first foray in Negeri Sembilan with the Seremban land acquisition.
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.
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.
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 Central 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.
We had spread our geographical footprint in Year 2017 to the central region, Selangor the most urbanized and populous state in Malaysia by acquiring our first piece of land in Rawang measuring 65-acres. Scientex Rawang is a mixed development project comprises affordable priced freehold residential and commercial properties.
Following the success story at Scientex Rawang, Scientex continued developing in Rawang district by acquiring another land bank in Kundang Jaya towards end of year 2019. Scientex Kundang Jaya spread across a total of 208 acres freehold land which also consist mainly of affordable housing. Due to its affordable pricing Scientex Kundang Jaya recorded a great success in its take-up rate upon its’ first launch in October 2020.
Scientex continues to strengthen its position in Selangor state with its new acquisition landbank in September 2020 measuring approximately 138.6 acres located in the district of Hulu Langat and close proximity to Cheras and Ampang. Scientex Cheras freehold affordable development will definitely make property ownership a reality in Klang Valley.
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.
Coming up 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. Furthermore, the proposed of Melaka-Singapore High Speed Rail (HSR 2.0) was planned to build around the area of Durian Tunggal and Jasin.
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.
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. The north-east district of Tebrau, named Scientex Pelangi in 2021 will further expand our growth in Johor.
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.
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