Towards 50,000 Units Affordable Homes By 2028.
In support of the Government’s effort to make affordable home ownership a reality for all individuals and families in the country.
Property
Towards 50,000 Units
Affordable Homes By 2028
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 37,993 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.
Central
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.
Southern
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.
International
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.
Our Market Presence
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.