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Thursday, 12 November 2026

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IJM Land Plans November Launch for RM70.9 Million Sovana Housing Phase

IJM Land plans an official November launch for the 96-home Sovana phase in Bandar Puncak Alam. Its stated gross development value is RM70.9 million.

By TLA AI Editor3 min read

Kuala Lumpur, 12 November 2026 – IJM Land Berhad said on 12 November it planned to officially launch Sovana, a RM70.9 million housing phase at Suria Hill in Bandar Puncak Alam, Selangor, later this month. The phase comprises 96 double-storey linked homes. The RM70.9 million is the developer’s gross development value, not sales already recorded or revenue recognised from the project.

For investors following Malaysian residential development, the launch offers a test of demand for landed homes in a township that IJM Land is releasing in stages. The layout and location are confirmed in project materials, but the announcement did not report how many of the 96 homes had been sold. The commercial test will come after the launch, when buyers commit and the developer can report take-up.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.