GOUCOLAND ... Sept09

Property developer GUOCOLAND MALAYSIA plans to roll out several high-end projects in stages at Emerald Rawang, Selangor, with estimated sales value of RM1.7 bil.

" .... Going forward, the RM1.7 bil GDV (estimated sales value) will have a bigger impact in terms of contribution. The projects are expected to be completed in 2016 or 2017 ...." ED - CHAN CHEE MENG told reporters on Aug 3, 2009.

EMERALD RAWANG is a joint-venture project between GUOCOLAND MALAYSIA and HONG BEE LAND sb, with the former as the project manager. GUOCOLAND MALAYSIA is a member of the HONG LEONG GROUP.

EMERALD TOWNSHIP IN RAWANG
The Emerald Rawang township comprises Emerald East and Emerald West. Emerald Rawang sits on about 1,000 acres (404.7 ha) of freehold land, comprising a mixed-use development ranging from link, cluster and semi-detached homes to high-end bungalows.

To date, a total of 1,300 homes have been built with sales of RM375m, CHAN said, adding the Company has targeted another RM100m sales by end 2009 on expectation of good demand for the semidee homes.

" .... We plan to launch four more phases this year (2009) because it is timely due to the recovery of the market and buyers are upgrading to more established projects ...." he said.

CHAN said several phases are planned for Emerald East with an estimated sales value of RM268m, with the launches expected in 2010 and 2011. On Emerald West, he said the projects will be much bigger, with an estimated sales value of RM1.51 bil comprising semidees, double-storey link houses and commercial properties. Emerald West, on a 682-acre site, will have facilities such as a jogging track, nine-hole golf course, a Chinese primary school and commercial square, CHAN said.

Another township called Emerald Hills will be located on a 400-acre site with more high-end projects to meet the growing demand, he said. He also said that joint-venture partner HONG BEE LAND is expected to finalise a venture with JUSCO by end 2009 to set up a shopping complex near the township. JUSCO malls are operated by AEON.