07/05/2026

PROPERTY THURSDAY | MAY 7, 2026

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Gagasan Nadi Cergas seals RM134m en-bloc condo sale

IJM Land shapes greener, connected living at S2 Heights Aman in Seremban 2 PETALING JAYA: Over the years, Seremban 2 has evolved into one of Negeri Sembilan’s most vibrant townships, where thoughtfully planned neighbourhoods, commercial centres and green landscapes have created a balanced environment for families to live, work and grow. Building upon this strong foundation, IJM Land continues to shape the township’s next chapter through S2 Heights Aman. The recreational ecosystem represents an investment of approximately RM6.8 million covering concept planning, landscape design, public art commissioning, and community facilities. The initiative reflects IJM Land’s ongoing commitment to creating townships where nature, recreation and community life come together seamlessly. S2 Heights Aman spans 400 acres with an estimated GDV of RM1.585 billion, representing a significant milestone in the continuing evolution of Seremban 2. The name Aman, which conveys peace, comfort and tranquillity, reflects the essence of the precinct’s vision. At the centre of this lifestyle ecosystem is the 12-acre S2 Lake Park, a picturesque lakeside retreat surrounded by landscaped greenery and open lawns. IJM chief operating officer Datuk Chai Kian Soon said the parks and recreational spaces reflect the developer’s vision of creating townships where nature, community and everyday living are thoughtfully connected. “A township becomes meaningful when it offers spaces where people can gather, relax and spend time with those who matter most,” he said. “At S2 Heights Aman, we envisioned an environment where families can enjoy nature, where children can play freely and where neighbours can connect through shared spaces. The lake park, playgrounds and community areas create opportunities for people to slow down and experience a stronger sense of belonging.” He added that such investments also contribute to the long-term appeal of the township. “When we invest in parks, landscapes and shared environments, we are investing in the quality of life of the community. These spaces support healthier lifestyles and create lasting experiences for residents. Over time, they strengthen the identity of the township and contribute to the enduring value of homes within the neighbourhood.” Building on the momentum of the first phase, Sutera Phase 2 at S2 Heights Aman has now opened for sale with a GDV of RM93 million. The new phase introduces 104 units of 22’ x 65’ two storey link homes with built-ups starting from 1,949 sq ft, offering buyers the opportunity to be part of a neighbourhood supported by completed infrastructure, maturing landscapes and the newly unveiled recreational parks.

PETALING JAYA: Construction and property group Gagasan Nadi Cergas Bhd has signed an en-bloc sale of all 523 affordable housing units at the Idaman Casuarina 1 condominium project to the Selangor Housing and Property Board (LPHS) for a purchase consideration of RM134.4 million. LPHS will offer the units for rental to eligible Selangor residents under the state government’s Skim Smart Sewa initiative, which allows participants to rent a unit for two to five years, with 30% of the rent returned at the end of the contract to help fund the deposit for purchasing other affordable homes in the future. The sale to LPHS will contribute positively to Gagasan Nadi Cergas’ financial performance from the second quarter of the financial year ending Dec 31, 2026 (FY26) until the completion of the project in 2028. Gagasan Nadi Cergas Bhd group managing director Datuk Wan Azman Wan Kamal said: “The en-bloc sale of Idaman Casuarina 1 marks a significant step in our expanding footprint in the affordable housing sector, showcasing our ability to deliver housing units that combine prime locations with design quality and amenities that enhance residents’ quality of life. The achievement also underscores our strong collaboration with the Selangor state government in delivering scalable and cost-effective housing solutions to support long-term housing security for Malaysia. With a robust RM3.8 billion GDV pipeline across three townships, we anticipate solid earnings visibility in the coming years.” Units in Idaman Casuarina 1 have a built-up space of 1,000 sq ft with three bedrooms, complemented by recreational facilities and amenities. The condominium will be a significant addition to City of Elmina, a compre hensive mega township in Shah Alam, with extensive residential, commercial, and industrial zones. Construction of the 33-storey condo offer the affordable units at Idaman Casuarina 1 for rental o Buyer Selangor Housing and Property Board will

Idaman Casuarina 1 fully taken up via en-bloc sale, supporting Smart Sewa housing access.

group plans to deliver another 14,000 affordable homes across City of Elmina, Kwasa Damansara, and Bandar Rimbayu, with a total GDV of RM3.8 billion over the next seven years. Beyond affordable housing, the group is also making steady progress on two open market projects in Ulu Yam namely Plaza Selindung Daun, comprising shop lots, and Tetra Residence featuring double storey terrace homes, with a combined GDV of RM114.2 million. Gagasan Nadi Cergas completed the financial year ended Dec 31, 2025 with a record high net profit of RM73.8 million, driven by the strength of its expanding property development portfolio.

wellness-centric development. Located just 2km north of Elmina Business Park, Elmina Business Park 2 spans across 600 acres with a total GDV of RM1.72 billion and consists of 72 units of semi-detached factories and industrial lots ranging from 2 to 4 acres, offering built-to-suit and built-to-lease options. The development benefits from direct access via the dedicated Lagong interchange from the Guthrie Corridor providing strong connectivity to the North-South Expressway and Latar, both located approximately 2km from the GCE exit. In addition, Elmina Business Park 2 also boasts multi-modal connectivity with Kuang KTM within 2km, two future ECRL stations – minium has commenced and is 23% complete. It is located adjacent to the 1,000-unit Idaman Amani project, also under construction, which had achieved a 36% take-up rate as at March 31, 2025. Along with the yet-to-be-launched Elmina 12 project, located near the Elmina Lakeside Mall, Gagasan Nadi Cergas plans to deliver altogether three high-rise affordable housing projects in City of Elmina with a combined GDV of RM790.9 million, of which sales of RM235 million has been secured so far, including the en bloc sale to LPHS. Gagasan Nadi Cergas’ first Idaman project in Bukit Jelutong was fully taken up, and delivered to buyers last year. The

Sime Darby Property widens industrial footprint with Elmina Business Park 2 ARA DAMANSARA: Expanding its industrial footprint across the Northern Klang Valley, Sime Darby Property Bhd launched Elmina Business Park 2 in January 2026 as part of its expansion into Rawang, following the success of Elmina Business Park. Serendah and Puncak Alam within a 20km drive, and Subang Airport within 25km. efficiency and workforce wellbeing.” He added that Elmina Business Park is recognised as Klang Valley’s largest freehold industrial business park, masterplanned across 1,500 acres to integrate business functionality with sustainability-focused design.

Sime Darby Property chief operating officer (township development) Appollo Leong said: “The intention of Elmina Business Park was to revolutionise industrial townships, and we continue to focus on creating a thriving ecosystem where businesses can grow and prosper. With Elmina Business Park 2 in Rawang, we are delivering the same world-class standards and freehold advantage in a strategically located, high-growth corridor. The limited units remaining present a timely opportunity for businesses to secure land in a development that supports long-term growth, operational

Previous milestones of Elmina Business Park include the 100% take-up of The Signature Collection Twin Factories and being the first business park to house Google’s first hyperscale data centre, scheduled for completion in the second quarter of 2026. These achievements highlight the strong market demand and continued confidence from local and multinational businesses operating in the park.

Comprising industrial lots and ready-built factories, its maiden launch of Phases 1A and 1B offering a total of 19 freehold industrial land lots has received a favourable response, with an estimated take-up of 70%. New prime industrial parcels within the established Guthrie Corridor are increasingly limited, reflecting its strong reputation for comprehensive business infrastructure and

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