Showing posts with label shopoffice. Show all posts
Showing posts with label shopoffice. Show all posts

Friday 8 March 2013

Extrated from Star : Desa ParkCity’s Arcadia is set to be a big shopping attraction in west KL

Extracted from The Star: 
Saturday March 9, 2013

Desa ParkCity’s Arcadia is set to be a big shopping attraction in west KL 
By CHERYL POO

WHEN The Waterfront was conceived in Desa ParkCity's masterplan for its TownCentre about a decade ago, the idea behind the neighbourhood shopping mall was just to serve the residents' every day needs by way of a supermarket, several retail shops and banking outlets.
The modest centre, however, ended up drawing in crowds from distant locations such as Subang and Cheras instead of just neighbouring communities.
“We were surprised that the 150,000 sq ft platform could draw crowds from such a wide radius,” Perdana ParkCity group CEO Lee Liam Chyetells StarBizWeek. “That told us that we were doing something right and compelled us to keep developing the commercial area.”
“Timing was just right because you can't develop a hub like that ahead of its time. It wouldn't work out,” Lee says.
A modernistic town centre
Following the successful sales of The Breezeway, ParkCity has finalised plans for Arcadia, an 11.3-acre freehold compound of four-storey buildings comprising retail shops, offices and Soho (small office/home office) units that will be set within Desa ParkCity's TownCentre.
Artist impressions of Arcadia depict the eight-block complex much like a shopping courtyard of Western influence.
Lee and his team had reviewed traditional architecture and felt that it was necessary to design Arcadia based on local roots.
“What we have here are old British-style shophouses with a contemporary twist,” Lee says.
They took two years to design the project, and had pored over classic buildings overseas such as those in Munich, London and Paris, and consulted with foreign developers for inspiration.
“We scrutinised architecture in Singapore as they are known for preserving local heritage buildings,” he added.
“Lifewise, we want the same but with a fresh typology for the next generation.”
The ground and first floors, which include a mezzanine, will be used as retail, while the second floor will serve as office space and the third, two Soho units.
Average pricing for ground floor retail shops and offices is RM1,400 per sq ft, RM970 per sq ft for the first floor and RM715 per sq ft for the second.
Sohos are 700-1,000 sq ft, averaging RM750 per sq ft.
There will be 107 buildings with a total of 519 units of retail shops, offices and SOHOs for sale, with priority and a discount of 6% for buyers of whole buildings.
Arcadia's initial rows of shops, known as Gateway, encircle a centrepoint known as The Plaza, which will serve as a staging area for entertainment.
Patrons will notice the happenings at this hotspot as they walk past The Plaza to reach the other blocks on the retail walkway.
Lee's plans are to engage bands and other performers to keep patrons entertained.
“We will keep this up and people will love it. It will also be a great platform for budding musicians to showcase themselves,” he says.
The gross development value for Arcadia is approximately RM1bil, and RM4bil for the Towncentre in total.
Changing needs
Observing residential areas in the Klang Valley, Lee notes the increasing demand for a safe and green environment.
“People want open-air community environments where they can move around easily. This applies to hang-out places as it does residential areas. These elements are important everywhere but I liken these growing demands to the growing affluent population,” Lee says.
Townships like neighbouring Bandar Menjalara worked 30 years ago but today's crowds are asking for more, he adds.
“They want open spaces in a pedestrian-friendly and safe environment,” Lee said these features are promoted throughout ParkCity's TownCentre. “This is what sets us apart,” he says.
Upon completion in 2016, the sprawling 55-acre TownCentre will comprise, besides Arcadia, a hotel, an international school and a private hospital connected to a medical wellness complex. The entire Desa Parkcity is slightly less than 500 acres.
Pedestrian and cycling tracks for the entire vicinity will be built.
In the last two years, the 300-bed Sime Darvy Medical Centre and 54-classroom International School began operations.
The school, currently catering to 460 students, will be able to take in a further 540.
The medical wellness complex will entail spas as well as clinics and theatres for minor enhancement surgeries.
“Doctors and patients will not need to waste time on the road getting to different buildings for their procedures now that we are providing adjoining medical wings for their ease of facilities,” Lee says.
Parking issues solved
To alleviate the problem of insufficient parking spaces at commercial hubs, Lee has seen to the allocation of 1,920 parking bays for cars and 621 for motorcycles in two levels of basement across the centre.
This exceeds the DBKL minimal requirement of 18 bays for every building.
“Most shoppers are women, and how they feel about entering the basement carpark is important to us. Our basements will be brightly lit and closely monitored for our patrons' safety,” he says. “With this, we foresee no issues from traffic nor indiscriminate parking within our premises. We have addressed old shortcomings through this project.”
Priority sales for early registrants will be held late April or early May. Public sales will be in early June.

Thursday 28 February 2013

Upcoming launch : Sunway Geo Phase 2, Sunway South Quay by Sunway Group


Sunway Geo Phase 2 by Sunway Group, located at SouthQuay is planning for launch in Q2 2013. It is just next to Sunway Geo Phase 1 and where the South Quay is situated. There are a total of 45 units of 3-storey shopoffices and approximately 300 units flexi suites. It was sold at 9mil - 10mil for intermediate unit and 13mil-20mil for corner units varies according to sizes.
Upcoming launch : Sunway Geo Phase 2, Sunway South Quay by Sunway Group
Land size : 27' x 59' for intermediate unit
Total Unit : 45 units 3/s Shopoffices and 300 units flexi suites
Intermediate unit Selling Price : RM9mil - 10mil
Webpage : http://www.sunwayproperty.com/pd/sunwaygeo_3storey.asp

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Summary details of this project : 
Built-up area : 5600sf - 6500sf for intermediate unit
Tenure : Leasehold

Review :
Location : The project is connected with Malaysia’s First Proposed Elevated Bus Rapid Transit (BRT) – Sunway Line (completing in 2014). This BRT will connect to 2 train stations – Setia Jaya KTM Station and proposed LRT station in USJ. It has direct access from KESAS highway into Sunway South Quay, and easily accessible to all major highways

Design : The facade looks good. Stratified shopoffices , concept similar to Sunway Nexis. This is is a brand new seamless integrated development comprising Retail Shops, Flexi Suites and Residences where people will experience the very best of entertainment, work, and living.
Price : With an approximately 10% higher than Sunway Geo Phase 1, the project will certainly carry the value where it should.

My Notes : 
Location is good, modern and urban design cater to a new generation expectation. Sunway Geo is surrounded by over 7 million sq. ft. of award-winning facilities and amenities offered at Sunway Resort City, Bandar Sunway.
It is surrounded by educational institutions ie. Sunway University, Monash University Sunway campus, Jeffrey Cheah School of Medicines and Health Sciences and Sunway International School; Sunway Medical Centre, Sunway Pyramid and Sunway LagoonTheme Park, Sunway Resort Hotel & Spa are just five-stone away. 

Monday 8 October 2012

Upcoming launch Parkcity Towncenter - Arcadia in Desa ParkCity

The upcoming launch Arcadia in Desa ParkCity was tentatively planned in 1st half of 2013. This is a first commercial development within the Parkcity Towncenter (approximately 60 acres), Desa Parkcity. Arcadia (Parkcity towncenter) consists of approximately 110 units of 4-storey of retails, offices and SOHOs.

Summary 
Land size : 11 acres
Built-up area : approximately 8000 sq. ft and above
Total Unit : 110
Indicative Selling Price : RM7-8mil
Webpage (towncenter not available yet) : http://www.desaparkcity.com/
Parkcity Towncenter - Arcadia location plan
Review :
Location : It is a strategic location, easily connected to KL, PJ by highways.
Design : Not available.
Price : In view of the recent launches of retail and office is selling at premium pricing of 7 and 8 mil onwards, this indicative price range seems to be at a good entry level. 
Remarks : Keep an eye on this first phase of Parkcity towncenter for investment.

Wednesday 26 September 2012

New launch : Sunway Velocity (V Retail & V office)

Sunway Velocity
Sunway Velocity covers a total land area of 23 acres. This development consists of retail, flexi office, serviced apartments and 1mil sf shopping mall. V residence is a 18 storeys with 264 units of service apartments.  V retail & v office is a 1 ½ storey shops and duplex flexi office. There is an 8-storey flexi suites on top of the 3/s shops (retail).
Sunway Velocity (V Retail & V office)
V Retail & V Offices consists of a 3-storey retail and 12-storey flexi suites. This is one of the components of the velocity development.

Summary details of this project : 
Land area : 23 acres (mixed development) (V Retail & Designer suites is only 3acres site)

Tenure : Freehold
Total Unit : office (276 units), shops (12)

Sizes : Office (680 – 1300sf), shops (5,500sf) 
Average Selling Price : RM7mil-8mil and 850psf for office suites (10%+DIBS or 18%)
Sales status : 100% for shops and 50% for flexi office

Review : 
Location : It is a matured location in Cheras but it is upcoming.

Design : The sizes are standard commercial size.
Price : Exotic pricing with the selling point of new concept of development, future LRT line and etc.
My Notes : Location is good, design is good to cater to new needs.

Upcoming launch : The Hub @ Jalan Harapan, SS2, Petaling Jaya


The Hub @ SS2, PJ  by SDB is located at an old town of SS2 area. This project consists of 13 blocks of 4-storey boutique shopoffice and 42-storey SOVO. 
The Hub @ Jalan Harapan, SS2
 Summary details of this project : 
Land area : 2.5 acres (mixed development) 
Tenure : Freehold
Total Unit : 13 blocks of shop office & 275 units SOVO
Sizes (shopoffice) : 5500sf 
Sizes (SOVO) : 505 - 1302 sf 
Average Selling Price : to be updated later
Webpage : http://www.sdb.com.my/sdbproperty_The_Hub_@_SS2.aspx
The Hub @ Jalan Harapan, SS2

Review : 
Location : It is a matured location with existing catchment area. 
Design : The facade looks good. This development comes with Exclusive Facilities including a rooftop swimming pool, gym, and garden lounge even in the office suites which is a great idea.
Price : To be commented later
My Notes : Location is good, it is all depending on the pricing 
The Hub @ Jalan Harapan, SS2

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