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Tuesday, November 13, 2007

PJCC poised to take off

PETALING JAYA: PJCC Development Sdn Bhd is planning to launch two blocks of serviced apartments in its one-stop commercial hub, the PJ Commercial Centre (PJCC) by early next year.

An artist's impression of the PJCC skyline

Comprising 450 units in two blocks called PJCC Avenue and PJCC Tower in Petaling Jaya South near Sunway, the units will have built-up areas ranging from 550 sq ft to 1,800 sq ft.

PJCC Development’s marketing manager Vincent Tai said, the apartments would have various layouts to cater to young professionals.

Tai: PJCC's serviced apartments cater to young professionals

He said the selling prices of the apartment, which have yet to be finalised, are expected to be in the affordable range of between RM200 and RM220 psf.

“The gross development value (GDV) of the apartments is expected to be RM80 million,” said Tai, adding that the 33-acre PJCC, which is designed around a six-acre lake, is set to be a commercial hub once completed in 2014 with its Auto City, Retail City, Lake City and Tower City precincts.

It will house more than 2.9 million sq ft of commercial space upon completion, with a total GDV of RM500 million. “Phase 1, which is the Retail City comprising 302 units of 3-, 6- and 8-storey
shop offices, has recorded a take-up rate of 95% since its launch seven months ago,”
said Tai.

The 3-storey shop offices with built-ups of 4,412 sq ft are priced from RM785,000, while the 6-storey strata shop offices with built-ups of 1,228 sq ft are priced from RM188,900 per unit. The developer is looking at an enbloc sale for its 8-storey shop office, which has a built-up of 20,425 sq ft and is priced at RM3.9 million.

Phase 2, comprising the Auto City complex, bazaar complex, office tower, hotel and a shopping complex, is scheduled for launch next year. The area is accessible from the New Pantai

PJCC Development's previous projects include the 20-storey MCB Plaza and a 14-storey condominium project, both on Changkat Raja Chulan, Kuala Lumpur, Taman Ampang Mewah in Ampang and Taman Sri Pangkor on Pangkor Island.

By theSun (By Tim Leonard)

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