Gamuda Land outlines plans for Botanic Capital

By BUSINESS TIMES

GAMUDA Land, the property arm of Gamuda Bhd, is planning several commercial property launches at Botanic Capital, a large-scale central business centre in the Bandar Botanic township in Klang, Selangor.

Managing director Chow Chee Wah said Gamuda Land plans to build office towers, a neighbourhood shopping mall and entertainment centre, and a specialist hospital when the township matures in the next two years.

He said the company will also build a luxury three- or four-star boutique hotel and a higher learning institution for medical learning and training centre.

“We want a mall within walking distance to homes here. We haven’t decided who the anchor tenants might be. As for the hospital, it will be for outpatient treatments and consultancy,” Chow told Business Times at a media briefing on the development of Bandar Botanic yesterday.

He said the 27-hectare Botanic Capital will complement the whole commercial precinct at Bandar Botanic and add value to the development, which started in 2001.

Bandar Botanic, that covers some 504 hectares, has a gross development value (GDV) of RM3.3 billion and comprises 12,000 mixed housing units, and commercial development.

About 65 per cent of the project has been completed with another five to seven years more to go.

The latest attraction is the RM30 million Botanic Resort Club, built on a 3.2ha site at Ambang Botanic, located at the township, which will officially open tomorrow.

Chow told reporters that the club forms an integral part of the project master plan and is the first of its kind in Klang.

“We will also launch 132 units of semi-detached houses this Saturday with an expected GDV of RM50 million. Each unit is priced averagely at RM450,000,” he said.

The 75ha Ambang Botanic is an exclusive guarded and gated development with over 800 units in Bandar Botanic, where some 70 per cent have been launched so far.

Chow said the company will launch the remaining 30 per cent of the project over the next two years.

“The take-up rate at Ambang Botanic had been very encouraging. Some 80 per cent of the units that we have launched so far, have been taken up,” he added,

Related Posts