all the right places SUNDAY 19 OCTOBER 2014
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STARPROPERTY.MY SUNDAY 19 OCTOBER 2014
F E AT U R E D D E V E L O P M E N T
Exclusivity’s new address Puchong’s maiden Sky Villas that come with dual-key systems will take pride of place in two towers, ushering in a new wave of luxury with its promise of flexibility and top-notch security. There is also the presence of 28 private Pool Villas that will redefine the way one views lifestyle. By YVONNE YOONG yvonneyoong@thestar.com.my
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WO’S certainly company as in the case of IRDK Residences@ Puchong’s latest launch of its 28 Pool Villas and 318 units of dual-key residences called Sky Villas that will be housed in separate twin towers – marking the first time this concept will be introduced in Puchong. Set to establish a new lifestyle benchmark in this strategic location through the flexibility offered by the features of the dual-key system, the high-rise units have been dubbed “Sky Bungalows” by IRDK Land Group of Companies (IRDK Land) chairman and group managing director Tan Sri Datuk Sri Dr MP Ramasamy. This is by virtue of the 5ft “Sky Void” or space gap separating each of the units that will make each dual-key enclave seem like standalone residential units, juxtaposed against the skyline. “Two units for the price of one title, a dual-key system in the prime location of Puchong and limited, exclusive residences within a commercial setting are features that will set the dual-key residences apart,” disclosed the astute developer, sharing the finer details of how and why he came up with the idea of introducing this concept. Both the 27-level twin towers that will respectively house 159 units of dual-key residences in each block will be connected via the facility floor on the fourth level equipped with 26 facilities and amenities, including a yoga deck, gymnasium, lounge, tai chi deck, playground, squash courts, meeting rooms, infinity pool and kids’ pool, just to mention a few. The dual-key units come in three main sizes – 1,528sq ft, 1,841sq ft and 2,551sq ft – and will have two separate entrances with the same features in every unit.
Flexibility is key “We are introducing the dualkey system which no other developer has done in Puchong. The beauty of dual-key units is that you can stay in one unit and rent the other out. If you are an investor, you can get dual rental income. If you are married, you can have your parents stay next to you and still have your privacy. “If your son is married, he and his family can stay beside you so this is perfect for multi-generational living. In the case of two sisters, with one not being able to afford to buy a normal unit, two can combine to buy a dual-key unit. They can enjoy their respective privacy under one roof as the dual-key system under one title comes with two units,” he said. Flexibility, coupled by a generous 7.2ft corridor width and
above 11ft ceiling height, adds to the allure of the unit. Convenience and privacy will be assured with eight units per floor serviced by five lifts. Each of the unit will be allocated two car parks while the larger units can command up to four car parks. Limited duplex units will have master suites while selected units will come with sky gardens. The landscape surrounding the towers will also complement the extended views of the adjacent Forest Reserve. The facade design of the twin towers will be matched by quality finishing in the Sky Villa units that will have spacious balconies besides being broadband-ready. “We intend to introduce a new lifestyle, so once they stay here, their mindset will change,” he shared.
Timing is everything Emerging as a new luxurious residential oasis within the commercial hub of Puchong, the exclusive 28ft x 100ft, four-level Pool Villas priced from RM3.58mil will come with built-ups ranging between 5,771sq ft and 6,012sq ft and even feature buggy services. Each of these landed residences will be able to accommodate four cars coupled with other affluent lifestyle features, including a private lift with glass door that can accommodate nine people, balcony on every floor, sky garden, private swimming pool, double volume living rooms and dining area. The development will feature an exclusive entrance at the east end of the development coupled by a dedicated pedestrian entrance. “There will be a multi-tier secu-
rity system to ensure security and privacy. These will include 24-hour visitor verification, perimeter fencing with CCTV (close circuit television) surveillance, automated gate, panic button services, guarded entrances with boom gate, roundthe-clock internal security patrol, key access card to lobbies and lifts for designated floors, including smart digital door lock for Pool Villas and Sky Villas,” he said. Having never undertaken any bridging loans for his developments, Ramasamy said that IRDK Residences comprising the Sky Villas and Pool Villas with a total combined GDV (gross development value) of RM690mil spread across 5.76 acres – as IRDK Land Group’s subsidiary IRDK Ventures Sdn Bhd is both the land owner and developer for this development – is free from encumbrances. “Whenever we build and design a project, it’s not just about the money, which is secondary to us. Instead, we want people to speak about the project and benefit from it. We want our branding and reputation to improve. “The reason I’m developing the area now is because most of the projects here were completed a year back, making ours, the last piece of land available for development. Puchong is becoming a ‘happening place’ with the newly proposed LRT (light rail transit) which is under construction and will be completed in another two years. The main Lebuhraya Damansara Puchong (LDP) highway has also been improved,” he opined. Accessibility is key with the development located opposite Tesco Puchong, next to Setiawalk and within walking distance to LRT Station 7. It is also connected via
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1 A dedicated jogging
track surrounded by greenery makes up part of the Pool Villa development.
2 IRDK Land chairman
and group managing director Tan Sri Datuk Sri Dr Ramasamy says that IRDK Residences@ Puchong will set a new benchmark in Puchong with its introduction of the first-ever dual-key Sky Villas and 28 private Pool Villas. - Photo by RICKY LAI.
the Federal Highway, Shah Alam Expressway (Kesas) and the Maju Expressway (MEX). Based on the developments in this location, with the right side occupied by the Setia Walk Mall and serviced apartments in the commercial precinct and the left side having the IOI Mall, IOI Boulevard, serviced apartments and commercial lots, he decided that the time is right to introduce a new wave of luxury residences that will set the development apart from the other big players. Instead of launching yet another commercial project or something that other developers have already put in place such as serviced apartments – he embarked on IRDK Residences with its limited, exclusive residential units. “There are a lot of differences between a commercial title and a
residential title that many are not aware of. If you are living in a serviced apartment based on commercial title, you need to pay quit rent and commercial rates for electricity and water. Serviced apartments are more lucrative for developers, but I want to make the project exclusive so people will stay. We’re giving residential titles within a commercial setting so there is long term benefit for purchasers, and the potential for capital appreciation is there,” he said, anticipating demand to be strong. Both projects which are scheduled for completion by the end of 2017 have recorded a take-up rate of over 50% since last month’s launch. For more information, visit www.irdklandgroup.com or call 012-615 3333, 012-540 3332 or 012-732 3919, 012-290 0319.
STARPROPERTY.MY SUNDAY 19 OCTOBER 2014
BEYOND BRICKS AND MORTAR
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LL good things come in small packages, it’s true. While many would have previously dismissed small units as not being conducive for dwelling purposes – the rise of SoHo (Small office Home office), SoFo (Small office Flexible office) and SoVo (Small office Virtual office) units nevertheless – have found new meaning, given the context of today’s urban lifestyle. Peppered throughout the city, these units offer a flexibility of lifestyle that can match or even rival that of conventional residences or office spaces – given the multitude of facilities and amenities within easy reach – be it just a lift ride down from the units or located a stroll away. Mostly planned as part of mixed-
Great things come in small packages used developments, these units highlight convenience as a key selling point – given their easy access to cafes and restaurants, hotels plus a host of leisure and entertainment activities. These developments are oftentimes easily accessible to the rest of the city – with well-linked highways and other connectivity features that are fast attracting a new breed of young entrepreneurs to consider aiming for one of these units. Pricing is a main consideration propelling the rise of these units from a consumer’s point of view – given the smaller built-up areas of
these spaces giving rise to the term shoe-box units translating into an overall lower price range as compared to larger conventional units although the price per sq ft may be comparable to other types of units based on a per sq ft comparison. The flexibility of work-live-andplay option afforded by these units makes this an attractive consideration point for the younger entrepreneurs – mostly hailing from the Gen-Yers. This generation, after all, only needs a comprehensive Wi-Fi system to launch their respective businesses – even enabling them to do business globally at the touch of the keypad for that matter. And
this, they do well in these commercial strata titled units that may come with Wi-Fi facilities and a host of other facilities and amenities. Dual-key units too – the clever modern day invention that allow family members to stay together under one roof while maintaining their respective privacy – can also double up with one unit for personal dwelling, while the other can be rented out. Then, there’s twice the investment value if both units are rented out, as there are two units given under one title – making it easy for two family members to pool
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their resources to buy a dual-key residence. Another emerging phenomenon in today’s modern day and age is seeing serviced residences taking their pride of place in cities around the world. The Ascott Limited – a Singaporean invention, in celebrating its 30th anniversary has recently opened up Ascott Sentral Kuala Lumpur – after the success of Ascott Kuala Lumpur. Indeed, all good things do come in small built-up sizes, after all.
YVONNE YOONG StarProperty.my
>> Bouquets & brickbats on the bricks and mortar industry welcomed at: yvonneyoong@thestar.com.my
Uptrend in serviced residences The presence of Ascott Sentral Kuala Lumpur – the second after the Ascott Kuala Lumpur – indicates there is demand for this type of stay. By YVONNE YOONG yvonneyoong@thestar.com.my
General Manager, Digital Timothy Hor timhor@thestar.com.my Campaign Specialist Siti Sarah Abu Samad sarah.samad@thestar.com.my Editorial Yvonne Yoong yvonneyoong@thestar.com.my Contributors Joceline Yan Melvin Chow Tang Chee Meng Editorial design/layout Thanaraja Izuddin Nor Shalina Shankar Fadzil Hafiz Idzla Nurul Amni Queeny Yong Marketing Head, Sales Janice Yeap jyeap@thestar.com.my 012-3303376 editor@starproperty.com.my 03-7966 8224
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ERVICED residences look like they are here to stay and complement the changing needs of today’s modern lifestyle demands – especially catering to global citizens who need to uproot and work in different countries. Judging from the momentum in which they are mushrooming in cities all over the world, serviced residences are now taking pride of place as faraway, temporary homes for expatriates – be it for a few days, weeks, months or years – given their more homely ambiance with way more room as compared to say, conventional hotel stays. These units also boast various facilities and amenities such as cooking areas for dining indoors or even to whip up a feast for guests who drop by. The two-bedroom units and three-bedroom penthouses are also equipped with a washing machine and dryer to take care of laundry needs. These work-and-live serviced residences are now finding their way into many a city’s affluent addresses – what more with their emphasis on security, convenience and privacy. A big player in this industry, the Ascott Limited (Ascott), which incidentally is a member of CapitaLand, is the world’s largest serviced residence owner-operator that has its roots established in Singapore. It has multiplied its presence in cities around the world with not only the award-winning Ascott brand but also Citadines and Somerset now found in more than 200 properties in over 80 cities spanning more than 20 countries across the Asia-Pacific region, Europe and the Gulf region. Besides forming footprints across the globe, the brand that aims to define “global living” has also left its imprint in the heart of Kuala Lumpur Sentral – a city-within-a-city development designed by renowned architect Dr Kisho Kurokawa. The company’s decision to establish yet another Ascott Sentral Kuala Lumpur which opened for business in March this year, indicates that there is still demand from a niche segment of the market which is growing to
1 Ascott Sentral Kuala
Lumpur with its fully furnished units will be located in a city-withina-city in Kuala Lumpur Sentral’s urban centre built around a comprehensive transit hub designed by worldrenowned architect Kurokawa.
2 CapitaLand’s wholly
owned serviced residence business unit, The Ascott Limited, has opened the Ascott Sentral Kuala Lumpur its fourth serviced residence in Malaysia.
encompass families opting to stay over the course of the weekend. The majestic 157-unit serviced residences located on Jalan Tun Sambanthan, Kuala Lumpur Sentral, with its floor-to-ceiling windows in each apartment offering views of the metropolitan city targets its luxurious serviced accommodations at both local and international executives. Expatriates are anticipated to make up at least 50% of its occupants. Identifying the rising trend and need for spacious and elegant apartments in the city backed by personalised services and comprehensive business and recreational services, the serviced residences feature its studio premier, one-bedroom executive and two-bedroom premier units. The discerning business traveller will appreciate high-speed broadband Internet access and efficient business support services. The units will be complemented by a plethora of facilities and amenities, including a swimming pool, gymnasium with full length windows offering views of the surrounding area, spa, convenience store and food and beverage (F&B) outlets. The Ascott Sentral Kuala Lumpur is also conveniently located just next door to the Nu Sentral Mall. “Besides Malaysia, China is the only other country with two Ascott brands in a city – with Guangzhou and Beijing respectively having two Ascott serviced residences to cater to a growing
need for this type of residence,” said Ascott area manager for Malaysia Munwar Basha in reference to the other Ascott Kuala Lumpur situated in the choice location overlooking the Kuala Lumpur City Centre (KLCC) Park. Located just opposite the Suria KLCC Shopping Mall, world-class designer boutiques, restaurants and cafes, cinemas and galleries are within walking distance. He opined that the group’s decision to open the other Ascott Sentral Kuala Lumpur serviced residences indicates there is demand for this type of accommodation. Additionally, the group’s Somerset Ampang located on Embassy Row in Jalan Ampang, Kuala Lumpur, is ideal for both business and leisure travellers. The group currently also manages Citadines Uplands Kuching in Sarawak to cater to the growing demand for serviced residences there. There are four new properties scheduled to open over the next two years. These include Citadines D’Pulze Cyberjaya (2014), Somerset Medini Nusajaya (2015), Somerset Puteri Harbour Nusajaya (2015) and Somerset Damansara Uptown Petaling Jaya (2016). In line with these planned new launches, the group will double its operating inventory with over 1,700 apartment units across eight properties in Malaysia, reinforcing its strength.
Truly connected lifestyle
All of the group’s properties are strategically located and well-served by an efficient transportation network. Ascott Sentral Kuala Lumpur, for instance, is served by six rail systems. The development is connected via direct links to major highways, with only 28 minutes needed to reach the Kuala Lumpur International Airport (KLIA) via the KLIA Express Rail. In line with the growing affluence of cities worldwide, Ascott Sentral Kuala Lumpur regional general manager for Singapore and Malaysia Tan Boon Khai reiterated that the Ascott brand, having been in Malaysia for 15 years now, is “synonymous with high-quality serviced residences”. “With the opening of Ascott Sentral Kuala Lumpur, we have further extended our footprint in this bustling city of Kuala Lumpur, and are now primed to take advantage of the increased demand for serviced residences. “Internationally, Kuala Lumpur is now seen as a leading destination in Asia both for investments as well as for meetings, conferences and exhibitions. “Its modern infrastructure, quality facilities and competitive business costs will continue to attract multinational companies to set up businesses in the city and drive demand from expatriates and travellers keen on serviced residences,” he said.
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STARPROPERTY.MY SUNDAY 19 OCTOBER 2014
By JOCELINE YAN jocelineyan@starmedia.my
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UST like the fashion industry, property and real estate trends tend to change from time to time – albeit not with every passing season. As young entrepreneurs enter the market and with more Gen-Yers climbing the proverbial corporate ladder, some are starting to distant themselves from the traditional way of doing things, be it their working hours, career choices or even the option of houses that they are choosing to live in. In recent years, the Malaysian property market has seen the introduction of a new product designed to cater to the unique demands of young urbanites who also happen to be mainly first-time buyers. Developers have been quick to identify this market demand by catering to these younger sets of entrepreneurs who choose to live and work in the same area. SoHo (Small office Home Office) units offer flexibility to tenants, granting them the freedom and flexibility to design the spaces according to their taste and preferences, while allowing them the freedom to work and reside under one roof.
COVER STORY
Sold out on SoHo
Two young professionals speak on the appeal of living in SoHo units. 1
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1 A corner of
Tan’s SoHo unit also functions as a working area. Inset: Tan.
2 Amir
appreciates the quiet environment in his SoHo unit because it allows him to practise his drums without disrupting the neighbours.
Freedom to play He currently services a mortgage loan of approximately RM2,000 per month for his duplex unit at Empire SoHo in Subang Jaya.
busy during the night. “I stay on one of the top floors so it does not affect me much, but the noise could be a problem, especially during the weekends or when there is a football match going on.” Though she does not think that SoHo developments are an emerging trend, she believes that the demand is still prevalent. “I think that the demand is still there because people like the convenience of staying in SoHo units. I have friends who have recently moved into SoHo units and they love it so far,” she said. For a fully furnished unit like hers, which has a built-up area of approximately 672sq ft, the monthly rental price is around RM2,400. Despite the upsurge in the cost of living which is especially prevalent in big cities, most Gen-Yers still dream of owning a home, either for their own dwelling, or as an investment. Thus, given the smaller built-up area of SoHo units, which in turn leads to lower priced units as compared to conventional, larger sized units, SoHo units may just be the answer for the younger generation keen on having a roof over their heads. However, one should bear in mind that commercial rates apply with regards to utility and water charges for SoHo units with commercial strata titles.
“When I first bought this unit, my main intention was to rent it out but after seeing to the furnishing and decorating details, I decided to occupy it,” said Telekom Malaysia (TM) manager Amir Iskandar Mustapha. He has been living at his Empire SOHO unit for the past two years. Amir mainly uses his unit for dwelling purposes, since his full-time job at TM sees him travelling quite a fair bit to and fro his office at Menara TM in Jalan Pantai Baharu, Kuala Lumpur. He appreciates the connectivity that this development offers and its accessibility to amenities such as a retail mall and food stores, which were major factors that attracted him to purchase a unit. “Staying here makes my journey to work and back so much easier. I can use the Federal Highway and avoid the traffic congestion at the USJ area. “After a long day at work, I do not have to worry about cooking dinner or making other plans because I can come home and easily find restaurants that are still open.” For Amir, the units surrounding his are mostly used for commercial purposes, which in turn, means a more quiet and serene envi-
ronment during the night. This is good news for him as it gives him the freedom to play his musical instruments including practising on his drums. Without noise disruptions, he is also able to transform part of his 500sq ft living room into a mini studio for his music and sound productions. “I occasionally do voice-over recordings in my living room. I also enjoy producing music. It’s a good thing that I do not have to worry about causing any disturbances to my neighbours or being disturbed by external noises.” According to Amir, there is still a demand for SoHo units but he noted that most of the occupants are either singles or couples, given the smaller built-up areas. “My friends are interested in SoHo developments and they are always asking me about my unit. However, the price and limited space tend to put them off. I reckon they have different priorities since some of them are starting a family. Personally, I think SoHo units offer just the right amount of space as I am living alone. Accessibility and connectivity to amenities and highways are also a big part of why I choose to stay here,” he added.
GEN-YERS these days are finding it difficult to purchase their first home. Stringent loan-to-value (LTV) ratios offered by banks and soaring prices of properties have made the dream of owning their first home seem almost impossible. Understanding the concerns faced by GenYers, a one-day forum was held last Saturday. StarProperty.my general manager Timothy Hor presented the topic “Buying your first home – Why, How, What”. He advised Gen-Yers to be realistic and start planning and saving now if they want to own their first home. To ensure that they qualify for a loan, he urged them to “shop” for their housing loans beforehand as this enables them to know how much loan they can obtain. He said Gen-Yers have to be realistic about what kind of property they can afford to buy and they could also consider sub-sale units besides new properties. Moderating the panel discussion was REI Group of Companies chief executive officer Dr Daniele Gambero. He said that property is a middle-to-long term investment and cautioned Gen-Yers to do their homework and not base their purchase on emotions or by relying on the advice of others. He believes that some aspects of Budget 2015 will help to create a sustainable economy which would benefit the property industry. Additionally, he also spoke on the need for better personal finance education, especially for Gen-Yers.
Forum on purchasing your first property
Convenience is key Raychelle Tan, a Terengganu native who is currently residing in Solaris Dutamas in Kuala Lumpur, shares the same sentiments. Her decision to stay in a SoHo unit is driven by the convenience and accessibility factor. “The nature of my work as a pupil in chambers requires me to work long hours or stay in late. Staying in a SoHo unit helps because everything that I need is within walking distance. Shopping malls, restaurants and grocery stores are just a few minutes’ walk from my unit,” she said. The close vicinity to highways and public transportation also adds to the appeal of the unit. “I loved the idea of staying at Publika. The built-up area is just nice for a comfortable lifestyle. Those who do not drive can easily hail a taxi at the main entrance.” However, the hustle and bustle of the area occasionally affects her, since the area can be
Broker Sdn Bhd sales director Vince Chia, who presented the topic “The Financing Crunch: How to Tackle It”. Ahyat, one of He advised the crowd on how to maximise the speakers their loan portfolio using their income details at the Gen Y and told them to keep a full set of updated forum documents for better chances in securing a presented the The next speaker, Strategic Property loan. topic Investor Programme founder Ahyat Ishak, He said that Budget 2015 will benefit Gen“Affordable spoke on the topic “Affordable Smart Yers through the three schemes, namely Smart Investment and The Gen Y”. Youth Housing Scheme, 1Malaysia People’s Investment “You first need to have the right mindset Housing Programme (PR1MA) and Skim and the when purchasing your first property,” he said. Rumah Pertamaku (SRP). Gen Y”. He touched on the “Real Wealth Formula”, The Youth Housing Scheme would assist Ishmael Ho who has a legal background, which is the need to maintain a primary young couples aged between 25 and 40 source of income (PSI) while diversifying into spoke on the topic “Population movement, whose household income does not exceed infrastructure and affordability”. multiple sources of income (MSI). RM10,000 to buy their first home. “The issue of affordable housing will not He elaborated on eight critical success facHe said that the government will also give a go away soon as the bulk of Malaysians are tors that have contributed to his success in 50% stamp duty exemption on the instrument the property market. These include the wealth young,” he observed. of transfer and loan agreements. mindset, understanding the game, asset selecHe reiterated that there is a need to address This is besides a 10% loan guarantee to enation, asset financing, property law, property affordable housing. ble borrowers to obtain full financing, includtax, making it a “fun” business and having a Highlighting the fact that houses in Petaling ing the cost of insurance. holistic financial planning system. Jaya tend to be more expensive, he said that Additionally, for first-time house buyers, Touching on the finer points of asset this is because historically, the area was the government has increased the purchase selection, he spoke on the need to identify industrial in nature and the owners preferred limit from RM400,000 to RM500,000. objective, budget, knowing the location and to stay nearby. The next Gen Y forum will be held at products, determining the worthiness of the “If you analyse businesses and prices, Cybertorium, Level 2, Menara Star, on Nov 15. property, information gathering, analysis and properties that are close to businesses will the need to take action. prosper.” >> For information and registration, log on to Meanwhile, Ho Chin Soon Research’s The last speaker for the day was Mortgage http://www.starproperty.my/forum/
FORUM
SUNDAY 19 OCTOBER 2014
STARPROPERTY.MY
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STARPROPERTY.MY SUNDAY 19 OCTOBER 2014
COVER
Designer Block
BY YVONNE YOONG yvonneyoong@thestar.com.my
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Industrial Chic
AND, being a limited resource, is becoming increasingly scarce in cities around the world as this natural resource is being used to facilitate more and more developments to cope with a rising population worldwide. In tandem with this modern day phenomenon, prices of properties have also shot up by leaps and bounds. It is hardly surprising that this resulting effect has given rise to the demand for SoHo (Small office Home office), SoFo (Small office Flexible office) or SoVo (Small office Virtual office) units. Smaller in size yet flexible given the units’ live-work-and-play concept, they are an emerging trend in today’s society. So too is the clever concept of dual-key units which enable two units to be sold under one title, which works well for members of a family intending to stay next to each other while maintaining their respective privacy. Besides the dual-key concept that features two units for what would typically house one unit (thus downsizing the built-up areas of the two units), serviced residences are also finding their way into the city. Serviced residences are a favourite stay among expatriates and those who have had to relocate to work in different countries but who relish the familiarity afforded by being equipped with all the comforts of a home – with cooking facilities, washing machines and dryers made available in the units. All these units have one common denominator – that of being relatively small as compared to conventional landed residences in terms of built-up areas. Given the flexibility in terms of the duration of the occupancy – be it a day, few days, weeks, months or even years – serviced residences that are larger sized than traditional hotel rooms allow guests to occupy the units as temporary homes. Serviced residences are also seeing a surge in popularity among locals who turn them into weekend stays during their family outings. Recognising the growing popularity of these smaller units as part of an emerging trend, The Rooms at Design Street is the theme for this year’s HOMEDEC instalment that will comprise four different units. These show units will be
Big ideas for small space The Rooms at Design Street will showcase some savvy design tips that can built-up areas – perfect for SoHo, SoFo and SoVo-type of units. showcased over the course of this weekend’s Part 1: Oct 23 to 26 and the next weekend’s Part 2: Oct 30 to Nov 2 exhibition at Hall Five of the Kuala Lumpur Convention Centre (KLCC). The showcase will highlight design creations by two interior designers, a fashion designer and an exhibitor. The objective of these units is to share design ideas on how to maximise space in a limited area.
Optimising Industrial Chic in a small space Heading the design teams as chief designer, PDI Design and Associates Sdn Bhd design director Ooi Boon Seong, said the trick is to think sustainably and utilise the concept of “low impact architecture” in an approximately four metres (13ft) by eight metres (26ft) space. He said that utilising the correct blend of materials could result in a stunning overall effect to maximise the look of the limited built-up area. His interpretation will solely focus on using an understanding of vernacular architecture to complement a “universal architecture of global modernity”, which to him represents “one of the most important features of contemporary society”. Conceptualising Room 1: Industrial Chic as a viable creative option for small spaces, he said that this look will enable the workings of a “timeless, neutral, simple and natural style”. Likewise, the neutral palette of colours and cement renderings can blend well to create the effect of a larger space. This design style finds beauty in “aged design” which essentially focuses on using aged wood and worn textures that can be mixed with forged or welded metal with a matte finish coupled by a hint of patina – be it aluminium, tin, iron or steel that can result in a look that is simple yet effective, clean but functional. Instead of working hard to match decorative
items, he maintained that industrial items, which can be found practically anywhere, need not be used in the manner they were originally intended. Therefore, there is flexibility in the way one of the individual industrial items or pieces can be mixed and matched with other types of design styles ranging from traditional to modern. This is where the recyclable concept comes in to provide a viable, creative and sustainable design solution for small spaces. Although he said that working on the design of a limited area can be challenging in terms of maximising the look of the space, he vouched that using an overall background sporting a black-and-white industrial chic theme can brighten, widen and lengthen the look of the unit. “The space may look like a factory with the floors that will be designed in concrete backed by furniture and chandeliers to reflect and complement the industrial style approach. “We chose to design the dining room and living space with antique decorations that can double up as an entertainment area or even the bedroom quarters,” he said. According to him, small spaces can also incorporate the workings of a feature wall to accentuate the sense of space in the unit. The presence of a large window too will invite the outdoors in, creating an illusion of space. This industrial chic look will even be suitable for a dance studio or working space as the look can be recycled many times over, with individual pieces lending to various forms of self-expression. Practically any type of sofa can complement this style, coupled with a huge feature painting and a series of lights. The aged, utilitarian design style works well for vernacular architecture which is an emerging trend witnessing new design interpretations, which can address the lack of space in response to modern day needs.
Tropical Indochine
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3 Bill Keith C
will infuse fashionab will invite for an exte space in t Indochine
4 Room 2’s
Indochine highlight a interming areas, allo
Fashionable designs with Tropical Indochine
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1 PDI Design and Associate’s Ooi, who is the chief designer
leading The Rooms at Design Street showcase, says that one can maximise space through various design styles. His design will be focused on the Industrial Chic theme.
2 Room 1’s Industrial Chic
design will showcase a sustainable, recycled look.
There will also be a fashion crossover of sorts as well-known Malaysian fashion designer Bill Keith will be showcasing his Tropical Indochine show unit with his flair for designs that showcase his sense of individuality and love for embracing open spaces. Having established the Bill Keith Collectibles fashion label, his show unit will not only celebrate an outdoor type of free-spirited look for the space in line with complementing urban modern lifestyles, but will also incorporate tropical elements into the overall design scheme. “I like the hip style as I grew up near the beach so I’ll be including this graphic depiction in the overall design of Room 2: Tropical Indochine, which will feature a painting overlooking a beach acting like a balcony opening up to this scenic vista. “At the entrance, you will see an iron-wood door from Sarawak with the carving of a hornbill.” He shared that one way to extend the largeness of the space is to have a living room extend straight out to the garden area where
STARPROPERTY.MY SUNDAY 19 OCTOBER 2014
STORY
Boho Chic
es
be used in limited
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8 Sky Creation Design is headed by
its regional design principal Ng who will share tips on how to maximise a limited space as will be showcased in his Boho Chic show unit design.
9 The upper level of the Boho Chic unit will invite illumination
in via a transparent sky roof.
10 Room 4’s Boho Chic show unit will incorporate the
workings of a vertical garden for growing herbs to spice up the cooking, making this a clever space-saving feature that will add an element of greenery into the limited space.
Modern Classic 7 6 SunPizz Kitchen &
Home’s Ng will present a joint Modern Classic design theme whereby the kitchen area can become part of the living and dining space - given the confines of a limited built-up area.
Creations’ Keith e his ble ideas that the outdoors in ended sense of the Tropical e show unit.
Tropical e theme will a seamless gling of different owing the
overlap of living, dining and leisure areas into one coherent whole, saving heaps of space in the process. 5 Another view following
the Tropical Indochine theme that will showcase a feature wall with an idyllic beach scene to invite a sense of the outdoors in.
one can enjoy the benefits of dining outdoors. He maintained that spaces could intermingle and interact with one another so there are no separate rooms as in conventional units that are designed either solely as a dining, living area or bedroom quarters. “Even at home, I frequently dine in my bedroom, so there’s no living room per se,” he said, disclosing his relaxed design approach with an emphasis on connecting the indoors and outdoors. Day beds will be the norm in the space in a bid to celebrate, extend and embrace the sense of spaciousness in the show unit. Keith said that the Tropical Indochine story will epitomise elements of a beach scene that will be represented on one of the feature walls so that one can imagine being by the seaside. The Tropical Indochine decoration will be complemented by a breezily designed ambiance setting where one can laze on the daybed or lounge. One can expect nature-based elements such as tree barks, leaves and tikar mengkuang that will blend in with warm illumination and colours reflecting a Balinese setting. “This is how life should be after a hard day’s work. We must come back to a place called
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7 Room 3’s Modern Classic kitchen intermingles
the living, dining and preparation as well as cooking areas into one coherent component, resulting in the effective use of space within a limited area.
home with a good ambience where we can relax the mind and body. Pillows will be scattered everywhere, so too native plants,” he said, pointing out the logical sequence of how different places can complement one another. Bent on utilising this open scheme in his design where different rooms intermingle and blend into a coherent whole, he shared that the key to creating the illusion of larger spaces can also be found by inviting full vistas of the outdoors in.
Modern Classic kitchens/living spaces Exhibitor SunPizz Kitchen & Home Sdn Bhd director Ong Kiang Hong and head interior designer Eddie Ng will team up to present their design interpretation showcasing kitchens as living/dining spaces at Room 3: Modern Classic design. Giving a fresh spin to the way kitchen areas can be utilised as living/dining areas, they believe that their modern classic designs can perform more than just their traditionally perceived role as an area for food preparation and cooking.
“We will have the kitchen and living room design scheme coming together as in the case of a SoHo unit,” said Ong. “The kitchen design will be modern and classic at the same time while the feature wall will follow a classical theme which will also be complemented by a more comfortable design that is quite the trend now in the market,” he added, speaking from his years of experience in the business of interior design and in the area of custom-made furniture and renovation. The result will showcase a modern take on simplicity that boasts a marriage of form and function. This will result in a coherent design statement that will highlight a range of customised kitchen cabinets, wardrobes and cabinet furniture coming together for an effect that is simple yet sophisticated, elegant but understated.
Bohemian style for small spaces Sky Creation Design Sdn Bhd – the Malaysian operations for the Singaporean based company headed by its regional design principal Astley Ng – will present his version of Room 4: Boho Chic (Bohemian Style Concept).
Being a leading space solutions provider since 2008, the company has evolved from an interior design and consultancy firm to provide a comprehensive range of creative solutions, including interior design and renovation, architectural planning and design, furniture manufacturing and construction. Humorously crediting his firm as being “very small and kiasu”, he shared that his show unit with a north orientation layout will be characterised by an artistic expression incorporating a “fusion of interesting, everyday elements”. “Some elements of the design will be Bohemian – with an eclectic mix of emotional colours that will either excite or articulate the overall design expression. “The design will be complemented by an oversupply of accessories that will showcase experience, exposure and tricks we’ve garnered over the years. The style is eclectic – as long as it is art, we will dress it up,” he said with a laugh. The beauty of using large art works that these pieces will not only heighten the elements of interest in the space while complementing them, but will also contribute to the illusion of added space. “Balconies, greenery, bricks and texture will allow us to zero in on our intent as we incorporate wardrobes into the bedroom area and employ other steps to showcase multi-functional uses,” he added. The living and dining concept will be combined for added space and infused with creativity using modern Bohemian tiles, white brick walls and wooden panels. Bright and cheerful Bohemian colours on classic furniture that “jump out” at you, an artistic garden and a kitchen area with a vertical green wall that will be exhibited in his show unit are some of the other highlights that can be used to maximise the confines of a limited built-up area. “Think rosemary, basil and other herbs that will decorate the wall near the kitchen area that will highlight his small space creation designed with balance in mind. The leaves of the herbs can be used in the cooking,” he said, stressing on the versatility of incorporating a small vertical wall for edible greenery. “We are a green interior design company – so intent in showing details is important. In exploring our design further, you will see how we like to incorporate storage or dresser components as well – so there will be little surprises found in this show unit. Interestingly and fortunately, some accessories and suppliers are already selling the look we are introducing now,” he shared.
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STARPROPERTY.MY SUNDAY 19 OCTOBER 2014
F E AT U R E D D E V E L O P M E N T
Grade A corporate offices in prime Medini
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D Pristine Medini Sdn Bhd unveils its d’Pristine business hub located in the central business district of Medini in Nusajaya, Iskandar Malaysia. By MELVIN CHOW
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NLY a handful might know how Johor, one of the nation’s states, is beginning to put itself on the map of Malaysia as an emerging prime real estate location. Southern Johor has been climbing up the property investment ladder since seven years ago, especially in Iskandar Malaysia when a plan was formulated to make the location a property investment hotspot. One of the developers which ventured into Medini is D Pristine Medini Sdn Bhd, with its integrated mixed-used development property called d’Pristine @ Medini.
Grade A corporate office tower This development, whose project manager is MCT Consortium Bhd, comes with a gross development value (GDV) of RM1.8bil and will consist of two SoFo Towers of 36 and 37 storeys housing small office flexible occupancy (SoFo) units, a four-star hotel with 300 rooms, a lifestyle mall as well as a 32-storey Grade A corporate tower. The 8.42-acre (3.4ha) development is located nearby Iskandar Malaysia’s top destinations. It is situated directly across from Legoland and is within close distance to Pinewood studios, Kota Iskandar and the Mall of Medini. Adjacent to the development are health facilities such as Temasek and Khazanah’s Urban Wellness Centre as well as Gleneagles Hospital. “When people think of the projects in Iskandar Malaysia, they usually do not think in terms of the flagship zones, which have different selling points,” MCT executive director Datuk Soo Kai Chee said. D’Pristine Tower which will house Grade A office suites will come with three different layouts ranging from 901sq ft to 1,671sq ft. “The office suites will be located at the lower floors, while office spaces that take up the entire floor plate of more than 20,000sq ft will be located on the higher floors,” Soo said. Priced from RM680 per sq ft for a floor office unit and RM800 per sq ft for an office suite, purchasing a unit at d’Pristine Tower also comes with various tax incentives such as a 10-year company income tax exemption for selected businesses operating in Medini, the exemption of RPGT (real property gains tax), as well as the absence of a minimum price threshold for foreigners wishing to purchase property. Additionally, business owners will have the flexibility to employ foreign knowledge workers. The developers are trying to attract foreign investors, especial-
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MCT executive director Datuk Soo explains how d’Pristine Tower will serve as a commercial hub for Medini in Nusajaya, Iskandar Malaysia. – Photo by MELVIN CHOW
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An aerial view of the location with a superimposed perspective of d’Pristine @ Medini.
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An artist’s impression of the development’s facade that boasts a modern contemporary design.
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The d’Pristine development will consist of Grade A offices, SoFo units, a four-star hotel and a lifestyle mall.
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ly small and medium enterprises (SME) and multinational corporations (MNC) either for investment or commercial purposes. “We have appointed Knight Frank Malaysia as our exclusive agent to market the offices. “It’s always a major point for foreigners to invest in Iskandar Malaysia in order to push the area’s steady development rise in line with adapting to a modern lifestyle,” Soo added. D’Pristine Tower is expected to be completed by early 2018.
Energy consumption in the building is further reduced with energy-saving fittings such as LED (light-emitting diode) and energy-saving light bulbs complete with picture and motion sensors as well as water pumps with frequency inverter controller. Other than the rainwater harvesting system, the building will also be equipped with centralised air-conditioning that uses a chilled water system, carbon dioxide monitoring and control system to maintain indoor environment quality.
Green tower
Security, mechanical and electrical services
“D’Pristine Tower will incorporate various green features that comply with the standards set by the Green Building Index (GBI),” Soo said. The silver-rated green offices are designed with open air corridors to optimise fresh air quality and natural lighting while minimising energy consumption needed for air-conditioning and lighting.
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“D’Pristine will be highly secured with its multi-tiered security system devised to give confidence to the occupants of d’Pristine Tower,” Soo said. The security system comes with dedicated computerised card access system for lifts to dedicated floors, round-the-clock security patrols,
closed-circuit television (CCTV) surveillance cameras, direct communication lines to security personnel, security checkpoint for all points of entry from the car park to the various floors and panic buttons installed in the car park area and at all the buildings’ walkways. The destination control system for lifts will also minimise waiting time while enhancing security level. D’Pristine Tower is also fitted with a fibre-optic cable backbone system to support high-speed broadband services and power supply system as a two-way alternative power source to provide back-up during instances of electricity power breakdowns.
Blend of facilities and excellent connectivity D’Pristine Tower comes fully equipped with a myriad of topnotch amenities to meet the needs of a commercial environment and to provide a conducive workplace.
There will be a podium area for all al fresco leisure activities, a childcare centre managed by qualified childcare professionals, partitioned meeting rooms available for rent that can be converted into auditoriums with up to approximately 200-people capacity, concierge services and ample car parks as well as valet parking. Located just off the coastal highway, the strategic location of d’Pristine enables ease of access while enjoying excellent connectivity. Best of all, Legoland is just a stroll away, located right across the development. The development is also located within a short walking distance to an upcoming transportation hub. It is only a 15 minutes’ drive from the Tuas Checkpoint (MalaysiaSingapore Second Link), 20 minutes to the Johor Baru city centre and 25 minutes to the Senai Airport. For more information, call +6012 224 1717 or +6019 243 5082 or visit www.dpristinetower.com.
STARPROPERTY.MY
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STARPROPERTY.MY SUNDAY 19 OCTOBER 2014
M A R K E T A N A LY S I S
Added value of properties near malls By TANG CHEE MENG
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IVING above or adjacent to a mall is not something new in Malaysia. Apartments built above a shopping centre was a trend started in Kuala Lumpur way back in the 1970s with Pudu Plaza leading the way with its residential units built on top of the mall. This was followed by other developments such as KL Plaza suites which were built on top of the mall then known as KL Plaza which has now been extensively renovated and rebranded as Fahrenheit 88 in Kuala Lumpur. The convenience of having many shops and eateries just a lift ride away appeals to people who prefer not having to travel long distances just to purchase daily necessities. However, such developments did not really become popular until the 2000s when integrated mixed-use developments became the focus of property developers who were looking into maximising plot ratios and returns but were not prepared to take chances on a single-use project such as a standalone shopping mall which could be quite sizeable based on the maximum plot ratio. Furthermore, incorporating a residential component into the development allows the developer to sell the units to generate cash flow to finance the construction of the mall while enabling the developer to retain ownership of the mall instead of having to sell the retail space as strata titled lots.
By YVONNE YOONG yvonneyoong@thestar.com.my SHOULD a dipstick survey be conducted asking people if they favour residing adjacent to shopping malls, the answers would not surprisingly, yield a resounding “Yes”. In fact, the rise of many of the city’s shopping centres are feted by the presence of property developments that have, in some way or other, stood to benefit in terms of the rise in capital appreciation in corresponding tandem with the presence of malls. Savvy developers understand the need to have a shopping centre located within walking distance or just a lift ride away for their developments to take off and flourish in terms of gains on capital appreciation. Indeed, integrated developments with the presence of a mall are now a modern-day expectation. In Shah Alam, the imminent rise of Liberty Tower@i-City, the next phase of development in i-City scheduled to be completed by 2018, is another striking example of a development that could be on the cusp of capital appreciation – given its location that will be just a leisurely stroll to the CentralPlaza@iCity shopping mall. This new phase will have a direct access linked via a pedestrian walkway to the 1.5mil sq ft CentralPlaza@i-City envisioned as a “super regional mall” targeted at the middle to upper-middle income group. The mall will be built and managed by Thai developer Central Pattana PCL and I-Bhd.
The residents staying above the mall would also provide a captive market for the shops and eateries located within the shopping centre. The convenience of staying above or adjacent to a treasure trove of eateries and shops has led to more of such developments coming into the market. This has resulted in an increase in the value of such properties. Property developers with large plots of commercial land cashed in on this trend and came up with integrated developments comprising a mix of residential units, retail mall, office tower, SoHo (Small office Home office), SoVo (Small office Virtual office), SoFo (Small office Flexible office) units and at times, even a hotel. In conclusion, based on the success experienced by these projects, it is clear that residences located above or adjacent to shopping malls have become popular due to the convenience of having a wide array of urban conveniences at one’s doorstep. The capital appreciation enjoyed by such residences also proves that such properties are a good investment. It is therefore conceivable that the Klang Valley will see more of such integrated developments in the coming years in line with their penchant for capital appreciation, given their adjacent location to the malls. >> Tang Chee Meng is chief operating officer of Henry Butcher Malaysia.
Capital appreciation of properties located near malls Year launched
Launch price
Year completed
Solaris Dutamas
Development
2005
RM400 per sq ft to RM500 per sq ft
End of 2009
Empire SOHO Subang
2007
RM203,800 (about RM376 per sq ft)
April 2010
Tropics @ Tropicana City Mall
Early 2008
From RM190,000 for RM625 per sq ft (RM304 per sq ft)
Early 2010
Scott Garden
June 2010
From RM360,000 (about RM465 per sq ft) From RM450 per sq ft (fully furnished with rental guarantee)
Mid of 2013
Berjaya Times Square
North Point @ Mid Valley
Pavilion Residence
1995
End of 2006
April 2006 (built-then-sell)
From RM546,000 (about RM400 per sq ft)
June 2006
2006
From RM900 per sq ft
Early 2009
Source: JPPH/HBM
Cashing in on capital expectations The rise of Liberty Tower@i-City will be boosted by the presence of the CentralPlaza@i-City shopping mall.
Located within walking distance to Liberty Tower@i-City, the CentralPlaza@i-City shopping mall is expected to increase the capital appreciation of the property in Shah Alam. There is no doubt that many people – both young and mature – value convenience. Seen in this context, shopping malls represent one of the avenues that promotes convenience as residents can have their needs and wants easily met,” observed I-Bhd director Monica Ong. Acknowledging that the availability of ample car parks are also
Transacted price
Year 2009, RM520 per sq ft to RM640 per sq ft Year 2010, RM600 per sq ft to RM750 per sq ft Year 2011, RM700 per sq ft to RM800 per sq ft Year 2012, RM780 per sq ft to RM990 per sq ft Year 2013, RM800 per sq ft to RM1,010 per sq ft Year 2014, RM750 per sq ft to RM1,010 per sq ft Year 2009, RM500 per sq ft to RM650 per sq ft Year 2010, RM600 per sq ft to RM750 per sq ft Year 2011, RM700 per sq ft to RM850 per sq ft Year 2012, RM880 per sq ft to RM950 per sq ft Year 2013, RM900 per sq ft to RM980 per sq ft Year 2010, RM550 per sq ft to RM620 per sq ft Year 2011, RM700 per sq ft to RM750 per sq ft Year 2012, RM750 per sq ft to RM850 per sq ft Year 2013, RM800 per sq ft to RM1,000 per sq ft Year 2013, RM550 per sq ft to RM600 per sq ft Year 2014, RM600 per sq ft to RM620 per sq ft Year 2006, RM500 per sq ft to RM600 per sq ft Year 2007, RM550 per sq ft to RM700 per sq ft Year 2008, RM600 per sq ft to RM750 per sq ft Year 2009, RM650 per sq ft to RM750 per sq ft Year 2010, RM700 per sq ft to RM900 per sq ft Year 2011, RM820 per sq ft to RM1,000 per sq ft Year 2012. RM820 per sq ft to RM1,150 per sq ft Year 2013, RM980 per sq ft to RM1,300 per sq ft Year 2014, RM1,167 per sq ft Year 2008, RM580 per sq ft to RM620 per sq ft Year 2009, RM540 per sq ft to RM700 per sq ft Year 2010, RM620 per sq ft to RM730 per sq ft Year 2011, RM680 per sq ft to RM900 per sq ft Year 2012, RM750 per sq ft to RM850 per sq ft Year 2013, RM800 per sq ft to RM950 per sq ft Year 2009, RM1,150 per sq ft to RM1,500 per sq ft Year 2010, RM1,200 per sq ft to RM1,600 per sq ft Year 2011, RM1,350 per sq ft to RM1,700 per sq ft Year 2012, RM1,580 per sq ft to RM1,720 per sq ft Year 2013, RM1,570 per sq ft to RM1,850 per sq ft
one of the concerns raised by those who are thinking of investing, she said that i-City has gone beyond the local town council’s requirements by providing 6,500 car park bays at Liberty Tower@i-City, besides those located at the shopping mall itself. She believes that many people have started sourcing for properties which are located adjacent to shopping malls that will eventually lead
to a rise in capital appreciation for the property. “When the CentralPlaza@i-City mall opens in 2017, it will add to the vibrancy of i-City and Liberty Tower@i-City which will be linked to the mall. The presence of the mall will have a positive impact on capital appreciation as the accessibility to outlets and services will make the units more desirable.
“Besides the shopping mall, one can enjoy a stroll along Clarke Quay@i-City and participate in various activities which will all be located within walking distance,” she added. The Liberty Tower@i-City located within the overall 72-acre (29.1ha) freehold i-City Ultrapolis in Shah Alam with its many attractions, including its MSC (Multimedia Super Corridor) Malaysia status, convention centre and performing arts centre will also boast a strategic location, situated along the Federal Highway. The development will be directly connected to the Federal Highway once the interchange is completed. The upbeat cosmopolitan-inspired lifestyle of Liberty Tower@iCity that comes fully furnished infused with a New York theme, complete with an array of facilities and amenities have pushed up the demand for the property, coupled by the presence of the mall adding to the upward trend of capital values. The 34-storey tower with its 350 units will range in built-up areas between 466sq ft and 767sq ft. The units are expected to appeal to many buyers, given its lifestyle concept and the development’s accessibility to the mall. Essentially, integrated developments like i-City will continue to cash in on the trend of being adjacent to a shopping mall to enjoy unprecedented demand from residents and thus spurring demand for the property, which in turn, may lead to a rise in capital appreciation.
STARPROPERTY.MY SUNDAY 19 OCTOBER 2014
F E AT U R E D D E V E L O P M E N T
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Celebrating contemporary urban living By MELVIN CHOW
T
HE idea of developing Cyberjaya as an information technology (IT)-based township started in 1995. Back then, the Federal Government of Malaysia commissioned the management consultancy McKinsey to undertake a study to facilitate the workings of the Multimedia Super Corridor (MSC). The unique concept behind Cyberjaya was to create a self-contained MSC intelligent city with world-class IT infrastructure, coupled with a low-density urban enterprise backed by state-of-theart commercial enterprises, institutional developments and residential components. This would transform what was originally a 7,000-acre (2,832.8ha) green field situated between Kuala Lumpur and the Kuala Lumpur International Airport (KLIA) into a new “Digital Malaysia”. The robust growth of Cyberjaya cannot be denied. Currently boasting a daytime population of over 75,000 people, Cyberjaya is already starting to show positive results of a thriving township in the making. Furthermore, the growth of this new township is expected to increase exponentially to approximately 100,000 people within the next three years. Earlier this year, it was reported that there were more than 263 completed shops, 3,200 residential units, five educational institutions and office spaces in Cyberjaya spanning over approximately 8.1 million sq ft of built-up area. This indication alone shows that there is an excellent opportunity to provide quality landed units to cater to the upcoming population growth. The Cyberjaya Flagship Zone is also Malaysia’s First Intelligent Green City. This focuses on enabling the township to develop into a knowledge (K)-based community with its own identity encompassing components such as residences, educational institutions, malls, offices and commercials spaces. “We see Cyberjaya as a strategic location in the Klang Valley. It is developing at a very exciting time whereby the neighbourhood is establishing itself as an attractive alternative to other established neighbourhoods. “We have seen very successful launches from our surrounding developers in Cyberjaya for landed properties, solidifying our belief that there will be a good demand for our product,” said Areca executive director Aidan Hamidon. Areca Properties Sdn Bhd has made its maiden debut in Cyberjaya with its mixed-use development comprising the 110 acres (44.5ha) gated and guarded Areca Township. This proposed township will comprise two parcels of landed residences, a parcel of high-rise residences and two commercial parcels – all surrounding a 45-acre (18.2ha) lake in Cyberjaya. The landed residences will comprise 700 units of link homes while the high-rise residences will comprise approximately 500 condominium units.
The Areca Township provides quality homes in Cyberjaya equipped with security and lush landscaping features – perfect for homeowners who prefer natural surroundings. 1
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Meanwhile, the commercial parcels will feature a medical centre, waterfront retail component, serviced residences, office towers and shop lots which will be developed over the next five to eight years. He anticipates that the landed freehold residence, branded as Areca Contempo Homes, will inspire a leisurely lifestyle with its ready to movein homes complemented by a resortstyle living environment by the lake. “Areca Contempo Homes is in a class of its own and is beyond comparison as no other residential developments in Cyberjaya offer the best of both worlds – modern architecture and interiors to complement today’s contemporary lifestyle,” he explained. Areca Contempo Homes make up two parcels of land, measuring approximately 75 acres (30.3ha) with 18 acres (7.3ha) dedicated to greenery and amenities, including an integrated sports and function centre as well as a clubhouse. These elegant double-storey link residences that come with built-up areas of between 2,470sq ft and 3,162sq ft will offer a generous open layout plan that will invite natural lighting and ventilation in
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1 An artist’s impression of the pristine 45-acre (18.2ha) man-made lake
and park.
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Each double-storey link residence will feature a private garden for residents to enjoy the beauty of nature.
3 The ready-to-move-in units will be complemented with Bosch home
appliances and equipped from floor-to-ceiling with quality features and fittings, including large panel sliding doors looking out to the garden.
via large panel sliding doors. The living room, dining area and kitchen components will complement one another while a private garden allows interaction with nature.
Connected expressways Areca Contempo Homes is located at the western boundary of Cyberjaya. It is also situated along Persiaran Sepang and Persiaran Rimba Permai within the Cyberjaya Flagship Zone. The development is linked to the Putrajaya Link, Maju Expressway (MEX), Putrajaya-Cyberjaya Expressway and the South Klang Valley Expressway (SKVE). Cyberjaya, being easily accessible to the Damansara-Puchong
Highway (LDP), North-South Expressway Central Link (Elite) and the Kajang Dispersal Link Expressway (SILK) is also located only 33km from Shah Alam, 30km from Kuala Lumpur, 35km from the Kuala Lumpur International Airport (KLIA) and 12km from Putrajaya. The residence is situated within nearby distance to various amenities such as banks, shopping centres and educational institutions, including the Seri Puteri secondary school, Cyberjaya primary and secondary schools, the Multimedia University (MMU) and Limkokwing University of Creative Technology (LUCT).
Comprehensive facilities The ready-to-move-in, has-
sle-free units that require minimum renovation will be complemented by Bosch home appliances. The residence will be fully furnished and equipped from floor-toceiling with quality fittings and features, including built-in wardrobes, air-conditioning units, hot water systems with hot and cold mixer taps, metal composite doors, large panel sliding doors and window roller blinds. The entire Areca township will feature tight security with a single entry and exit guardhouse, roundthe-clock security, closed-circuit television (CCTV) surveillance cameras and electrical perimeter fencing. Areca Contempo Homes will also come with a comprehensive range of facilities which include a barbecue area, gymnasium, swimming pool, cafeteria, jogging tracks, tennis courts, wading pool and a playground. “The open car porch and shared driveway of Areca Contempo Homes can accommodate up to four cars. There is also a resident-only standalone garage while the visitor car parks will include car park bays for the disabled. “Cyberjaya is poised to be one of the most liveable cities in Greater Kuala Lumpur with 50% of the entire development being dedicated to greenery and public amenities. “We hope to attract homeowners who desire a resort ambiance in a relaxed, stress-free environment offering exceptional living standards,” Aidan said. Today will be the last day Areca Properties will be participating at the ongoing StarProperty.my Fair held at Tropicana City Mall from Oct 17 to 19. Phase 1A of Areca Contempo Homes representing 190 units of double-storey link residences will be open for booking at the fair where registrants can enjoy prelaunch packages and select their units on a first-come-first-serve basis. “We have received positive response from our registrants and have just commenced the prelaunch previews upon obtaining our advertising permit and developers’ license (APDL) recently. Most of our registrants love the lake environment and innovative architecture. “We expect to reach out to urbanites and professionals currently living in condominiums who may want to upgrade to landed homes. Our units are especially suited to new family start-ups. “They are also suited for parents buying for their children or parents downsizing to stay at smaller link homes since their children have grown up,” Aidan commented. Areca Properties will also be participating in the last edition of the StarProperty.my Fair scheduled to be held at the Kuala Lumpur Convention Centre next month from Nov 21 to 23. >> Areca Contempo Homes is now open for booking via www.arecaproperties.com.my >> For more information, please call 03-7734 6673 and 017-908 6763 (sales & marketing).
12 STARPROPERTY.MY
SUNDAY 19 OCTOBER 2014
lu
s
THE BIGGEST IN KLANG VALLEY
p
key exhibitors Tropicana City Mall (TCM)
Petaling Jaya
17 - 19 October 2014
Kuala Lumpur Convention Centre (KLCC) Kuala Lumpur
Come and Visit!
Organiser:
Official TV:
21 - 23 November 2014