Jelutong Development Sdn Bhd (JDSB) is a subsidiary of IJM Corporation Bhd (IJM). JDSB, formerly known as Fleetwood Development Sdn Bhd, was incorporated in 1990.
In 1997, JDSB was awarded the privatized construction of the Jelutong Expressway by the Penang State Government. As part of the privatization agreement for the construction of the Jelutong Expressway, JDSB was granted the right to reclaim 325 acres of land for development.
IJM Properties Sdn Bhd is the property division of IJM Corporation Berhad, a market leader in construction and property developments in Malaysia. IJM Properties Sdn Bhd gradually secured its leadership position in the market through its ability to deliver excellence in all its properties. Today it has gone global and attained an impressive track record of landmark developments, making the company one of the most trusted names in Malaysia.
IJM & JDSB
In 2002, IJM own 80% shareholding in JDSB, effectively making it a wholly owned subsidiary of IJM Corporation Berhad but subject to the extent of interest and subscription by Kumpulan Pinang Holdings Sdn Bhd.
At present, the IJM-led consortium, JDSB, has been involved in a flurry of activity, reclaiming and developing land along the eastern coast of Penang island and north of the entrance to Penang Bridge, extending the coastline towards the mainland.
As part of this exciting on-going development, IJM's vision of an iconic waterfront city has materialized into what we now know as THE LIGHT Waterfront Penang.
THE LIGHT is a luxurious, billion-ringgit, seafront, mixed-development project that has been conceptualized for the coastline, stretching from Penang Bridge towards Georgetown. With IJM's outstanding track record, investors can be confident that this mixed-development project will become and resounding success.
In 1980s, IJM established a global network of subsidiaries and associated companies spanning from Singapore, Hong Kong, Australia, Mauritius, Bangladesh, United Kingdom to the United States of America. IJM's international standards of quality and service enabled it to gain entry into tough, highly competitive foreign markets. With its global experience, IJM is able to introduce innovations for the benefit of the Malaysian market and ultimately its customers.
Building To Meet Future Demand
By looking ahead toward future market demands, IJM is now going beyond 'brick and mortar' property development by building hi-tech properties for contemporary lifestyles.
To this day, IJM is a trusted and innovative leading property developer. A real testament of the trust customers have in IJM are the examples of repeat buyers and growing network of homeowners, some of which are relatives and friends of present IJM property owners.
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