Introduction
Principal Business
The principal business of Cityvilla Group comprises the designing, construction and development of property projects.
Background
The Cityvilla Group is a Johor Bahru based company and was founded by Mr. Andy Tham Cheng Lock in 1989. The Group was mainly involved in the designing, construction and property development. He started his first project known as Taman Tampoi Utama comprising 2,900 mixed development units in 1991, followed by Sun City (Plaza Mentari) in 1994, Larkin Indah in 1995, Taman Sutera Utama and another 23 new projects within a period of 30 years.
Mr. Andy Tham is a self-made man and has every reason to be happy and satisfied when he is able to achieve significant success in the field of property development. To date, Cityvilla Group has a net asset value (NAV) of RM1.6 billion and a cash reserve of RM60 million.
Mr. Andy Tham Cheng Lock Managing Director
Mr. Andy Tham Cheng Lock began his humble beginning in Muar, Johor. He attended Muar High and Tunku Abdul Rahman College (TARC) and successfully completed his studies in the year of 1981 (ACA Part 1).
He began his first year of working with Ernst & Young in 1981 and subsequently left to join a property development company, Low Nam Hui & Sons in the year of 1983. To date, he has over 30 years of vast experience in the fields of design, construction and property development since the year of 1989. He has invested a lot in 3D designs 15 years ago foreseeing the great potential of 3D designs in property development.
Mr. Thomas Tham Giap Chai Operation Director
Mr. Thomas Tham Giap Chai is nephew to Mr. Andy Tham Cheng Lock and cousin to Mr. Tham Ye-Jin. Born in Johor Bahru, he holds a degree in Accountancy from the University of Western Australia (UWA) and joined the Board in 2005.
Mr. Thomas Tham is primarily responsible for the operations and management of the Cityvilla Group comprising finance, sales, accounts, project, design and business development of the Group on a day-to-day basis. Mr Thomas Tham has contributed a lot in the achievement of success for Cityvilla Group over the past 21 years.
Mr. Tham Ye-Jin Executive Director
Mr. Tham Ye-Jin is the son of Mr. Andy Tham Cheng Lock and cousin to Mr. Thomas Tham Giap Chai. He holds a degree in Accountancy and Applied Economics from Monash University Malaysia in Dec 2018.
He started his career in an international audit firm, Ernst & Young in 2019. He left Ernst & Young and joined Cityvilla Group in 2021 as an Executive Director.
Shareholding
Cityvilla Group has 25 companies and the paid-up Ordinary Share Capital of the group is RM43,653,673.00. The shares of all the companies are 100% owned by Mr. Andy Tham Cheng Lock directly and indirectly.
Vision and Mission of the Group
Our Cityvilla Group is doing very well now and we have incorporated a vision to do better in the future for the Group. The scope of the vision and mission includes building houses with esthetic building design nestled in a balanced layout with environment reflecting eco friendliness and life style suiting the needs of the purchasers. The houses are always priced within the means of the purchasers to ensure sales and profitability for Cityvilla Group at all times in the near and distant future.
Experience
Cityvilla Group has walked through a journey of more than 30 years in the field of property development since 1989 and has gained a vast knowledge and skill in land acquisition, Joint Venture, finance, marketing, construction and administration throughout the long course in property development. The knowledge and skill that we have acquired over the years has formed the main core of our expertise in property development. We have struggled, survived, succeeded and continued to excel in the future using the precious expertise in property development.
Our experience in property development involves:
- The completion of development projects comprising Taman Tampoi Utama, Sun City (Plaza Mentari), Larkin Indah and Taman Sutera Utama;
- The acquisition of additional 23 projects and all the projects are in various development stage involving Kebenaran Merancang (KM) and Building Plan (BP).
Expertise
The Cityvilla Group has over the years learned and acquired vast knowledge and skill in the field of property development and our expertise derived from such knowledge and skill comprises the followings:
- Design expertise in the design of layout, building, infrastructure and landscape for landed and non-landed properties. Our design comprises:
- Carpark is designed in the lower ground using slope concept without the use of sheet pile and reinforced concrete wall. Air and sunlight can penetrate in and at all sides of lower ground floors.
Landscaping is designed using ball concept without floor planting. All plants are watered naturally without the use of workers using natural AI design.
- Our expertise is in the construction of landed, low rise and high rise residential and commercial building. High rise building can be completed based on 4 to 5 floors per month without the use of external scaffolding. The structure is based on shear wall or column/beam/slab with light weigh block.
- We have good expertise in the design and maintenance of building. Our building is designed in a way that can reduce building defect to the minimum or zero resulting in low building maintenance. Low maintenance means we can afford to provide free building maintenance to our purchasers for our building for a period of 5 to 10 years or more.
- 3D technology is costly and pivotal in property development and all our project executives, sales executives, engineers and designers are well trained in the use of 3D design. We use 3D technology extensively in the design of our layout, building, infrastructure and landscape.
Resources
The Cityvilla Group has a pool of resources that can support and undertake any property development of any size and the resources comprising the followings:
- The management of Cityvilla Group has developed over the past 30 years a strong and mature pool of human resource or talent which forms the backbone of management to undertake any property development. The human resource is critical or key to the success of property development and our human resource comprises 35 highly capable executives involving finance/account, sale, design, admin, project, research, legal and business development. Our project executives, sales executives, engineers and designers are well trained in the use of 3D design and technology.
- Cityvilla Group has a staff strength of 35 staffs covering Account, Finance, Project, Design, Sales, Administrative, Business Development, Legal.
- Cityvilla Group has accumulated asset comprising lands and projects with a market value of RM1,641,381,509.00 including a cash reserve of RM 60 million over the past 30 years and the strong asset backing has been an important source of finance to enable us to undertake any property development without facing any financial problem. Our asset is practically free from all encumbrances.
- Cityvilla Group has acquired vast experience and expertise in property development over the past 30 years and the experience and expertise has contributed to the success that we have achieved until today and we will continue to enjoy success in the future relying on the experience and expertise as important resources.
Business Development
Cityvilla Group has a strong business development department and the objective of the business development department is to explore opportunity related to property development:
- Acquisition of land and new project through outright purchase;
- Undertaking project on a joint venture basis as a developer and contractor;
- Undertaking project based on design and build as a main contractor;
- Procurement of finances, construction materials, construction design and technology.
Property Awards
It is our policy to compete in property development for the best in terms of layout and building design. We have entered into contests with other developers and we have won the following awards for our Larkin Indah project comprising 1,174 apartment units:
StarProperty Real Estate Developer Awards 2023
Bess Market High Rise (Southern) Development by PropertyGuru Asia Awards 2023
Development Projects
Cityvilla Group has successfully accumulated the following property projects and the projects are in various stages of development:
Our 4 completed mixed-housing development projects comprises:
| Project Name | Type | Kebenaran Merancang (KM) | No. of Units |
|---|---|---|---|
| Taman Tampoi Utama | Mixed-Development | Completed | 3,600 |
| Larkin Indah Apartments | Residential Development | Completed | 300 |
| Plaza Mentari (Sun City) | Mixed-Development | Completed | 540 |
| PR1MA Larkin Indah | Residential Development | Completed | 1,174 |
| Bil | Name of Project | Location | Type | Unit | GDV (RM) |
|---|---|---|---|---|---|
| 1 | Roda Height – Freehold | Skudai, JB | Apartment & Shop | 112 | 58,000,000.00 |
| 2 | Rosa Height – Freehold | Skudai, JB | Apartment & Shop | 744 | 357,600,000.00 |
| 3 | Rulia Height – Freehold | Skudai, JB | Apartment & Shop | 580 | 280,000,000.00 |
| 4 | Kenanga Height – Freehold | Sutera, JB | Apartment & Shop | 77 | 42,500,000.00 |
| 5 | Bucida Height – Freehold | Sutera, JB | Apartment & Shop | 1030 | 480,000,000.00 |
| 6 | Duranta Height – Freehold | Skudai, JB | Apartment & Shop | 873 | 433,700,000.00 |
| 7 | Tecoma Height – Freehold | Sutera, JB | Apartment & Shop | 233 | 113,400,000.00 |
| 8 | Zinnia Height – Freehold | Sutera, JB | Apartment & Shop | 1065 | 478,434,000.00 |
| 9 | Nipah Height – Freehold | Skudai, JB | Apartment & Shop | 1204 | 576,000,000.00 |
| 10 | Seroja Height – Freehold | Tebrau, JB | Apartment & Shop | 744 | 357,600,000.00 |
| 11 | Zebrina Height – Freehold | Permas Jaya, JB | Apartment & Shop | 2604 | 1,251,600,000.00 |
| 12 | Taman Jacinta – Freehold | Taman Aspira, JB | Landed | 981 | 864,000,000.00 |
| 13 | Taman Jasmina – Freehold | Kupang, JB | Landed | 148 | 236,800,000.00 |
| 14 | Taman Pisonia - Leasehold | Kota Tinggi, Johor | Landed | 1393 | 499,610,000.00 |
| 15 | Taman Meranti - Leasehold | Kota Tinggi, Johor | Landed | 171 | 171,000,000.00 |
| 16 | Senai Garden – Freehold | Senai, Johor | Apartment & Shop | 1664 | 809,600,000.00 |
| 17 | Taman Seraya -Leasehold | Kota Tinggi, Johor | Landed | 180 | 180,000,000.00 |
| 18 | Taman Mimosa - Freehold | Horizon Hill, JB | Landed & Apartment | 2315 | 1,291,750,000.00 |
| 19 | Vega - Leasehold | Cyber Valley, Sepang, Selangor | Apartment & Shop | 240 | 66,189,600.00 |
| 20 | Carnation Height - Leasehold | Cyber Valley, Sepang, Selangor | Apartment & Shop | 496 | 136,791,840.00 |
| 21 | Balsamina Height - Leasehold | Cyber Valley, Sepang, Selangor | Apartment & Shop | 558 | 153,890,820.00 |
| 22 | Copercasia Height - Leasehold | Cyber Valley, Sepang, Selangor | Apartment & Shop | 1240 | 354,080,000.00 |
| 23 | Alocacia Height - Leasehold | Cyber Valley, Sepang, Selangor | Apartment & Shop | 1032 | 294,000,000.00 |
| 24 | Plaza Mentari (Sun City) - Leasehold | Pelangi, JB | Apartment | 231 | 128,920,000.00 |
| 9,514,884,110.00 |
Financial Statement
Net Asset Value
Cityvilla Group has successfully achieved a net asset value of RM1,641,381,509.00 comprising the followings:
| No. | Items | Value (RM) |
|---|---|---|
| i | Land and Development | 1,607,586,099.00 |
| ii | Cash and Bank Reserve | 67,000,000.00 |
| iii | Net Current Asset | 5,295,410.00 |
| iv | Fixed Asset | 4,500,000.00 |
| Total Asset Value (a+b+c+d) | 1,684,381,509.00 | |
| v | Less: Bank Borrowing | 43,000,000.00 |
| Total Net Asset Value (i+ii+iii+iv-v) | 1,641,381,509.00 |
- Note: 1. 87% of our assets are free from all encumbrances.
- Note: 2. Asset value for project is calculated based on 17% of Gross Development Value (GDV).
Net Profit
Cityvilla Group is expected to generate a net profit of RM 6,021,308,152.00 upon completion of all projects within the next 10 years from 2026 to 2035 based on:
- Selling price of RM450,000.00 per unit for apartment, RM1,400,000.00 per unit for 2 Storey Apartment Shop, RM2,200,000.00 per unit for 3-Storey Terrace Shop, RM800,000.00 for 2 Storey-Terrace House per unit, RM1,600,000.00 for 2-Storey Bungalow per unit.
- Construction cost is calculated based on market rate and land cost is not included in the construction cost.
Company Event
Joint Venture Agreement for Horizon Hills Mixed Development Project
Signing of Joint Venture Agreement with Kumpulan Prasarana Rakyat Johor Sdn Bhd (KPRJ) on 05 December 2025 to develop 25.89 acres of land in Horizon Hill comprising 2200 mixed units with Terrace, Bungalow, Shop and Service Apartments.
Letter of Award for Cyber Valley Mixed Development Project
Signing of Letter award with Perbadanan Kemajuan Negeri Selangor (PKNS) on 20/5/2026 to develop 29.17 acres of land in Cyber Valley comprising 3500 mixed units with Service Apartment, shops, and Rumah Selangor Ku.
