The company now has a landbank of 1,944ha with a potential gross development value (GDV) of RM23 billion.
IJM Land Bhd, which has been expanding abroad with residential projects, will continue to anchor the bulk of its projects locally as it goes about acquiring more land in Peninsular Malaysia.
Chief executive officer Datuk Soam Heng Choon said the Klang Valley, Johor and Penang are the choice locations for the property arm of IJM Corp Bhd to expand its landbank.
"Malaysia will continue to contribute to the bulk of our revenue of about 90 per cent as we go about providing homes to meet the demands of younger investors such as gated and guarded homes, more greenery and wider main roads," he said during a media appreciation dinner, here, on Thursday.
The company, which early this year bought 28.3ha of land in Jawi, Seberang Prai, is planning to build landed properties on the land while the affordable units will be high-rise, Soam said.
On the RM1.4 billion joint-venture property development by IJM Land in the United Kingdom called the Royal Mint Gardens, he said sales launches will begin between this month and next in targeted cities such as Kuala Lumpur, London, Singapore and Hong Kong.
Meanwhile, on IJM Land's proposed RM2.5 billion Pantai Sentral Park, to be sited on 23.4ha of land next to a 80ha forest on Bukit Kerinchi, Soam said the first phase of the project is expected to break ground in the first quarter of 2014, comprising 211 condominium units.
Earlier, Soam launched IJM Land's in-house magazine called "I", which incorporates the company's corporate news, entertainment, travel, lifestyle, home and living tips. Also present was IJM Land's northern region general manager Toh Chin Leong.