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Monday, January 14, 2008

Tanming fills need for shop offices in Puchong

PETALING JAYA: The shop offices in Tanming Boulevard, the latest commecial hub of Taman Meranti Jaya, are expected to be well received due to a shortage of such properties in that part of Puchong, said Tanming Bhd executive director Chen Lai Chin (pix).

An artist's impression of the shop offi ces in Tanming Boulevard

Chen Lai Chin

“Most of the commercial properties in Puchong are concentrated near IOI Mall, thus creating an oversupply in the area,” she told theSun, adding that Tanming Boulevard meanwhile, enjoys a catchment of 800,000 people from surrounding townships like Taman Puchong Utama, Taman Mas Puchong, Taman Putra Prima, Bandar Bukit Puchong and Bandar Puteri Puchong, to create abundant business opportunities.

The development comprises 82 units of 3-storey shop offices, priced from RM998,000 onwards,
with sizes of 25ft by 60ft for intermediate units and 50ft by 60ft for corner units. The project
comes with 720 parking bays and is linked to a network of busy expressways such as LDP, NKVE and Kesas. It is expected to be ready by the end of next year with a gross development
value (GDV) of RM120 million.

According to Chen, 40% of the units have been taken up prior to its targeted launch in the first quarter this year. “The launch was originally slated for October last year but we felt the response would be better if we launched it after Chinese New Year [this year],” she said. Tanming intends to keep 16 units for recurring income and to maintain the tenant mix.

The developer has also leased out its 2-storey Tanming Mall, which is part of Tanming Boulevard, to supermarket chain Hero Supermarket. With a net lettable area of 70,000 sq ft, the mall comprises 14 units of shops with wide frontages of at least 30 ft as well as 69 units of bazaar stalls.

On Taman Meranti Jaya, Chen said Phase 3A, comprising 2 ½- storey terraced units with builtups of 3,070 sq ft, had been sold out and Phase 3B, which has a similar concept to its
predecessors, had also been well-received.

“About 70% of the units have been taken up since its launch in October last year.

Similar in design and size to the previous phase, we made minor improvements based on feedback from customers, such as attached bathrooms to the bedrooms and upgrades to the finishing,” she said.

The 232-acre freehold township is currently 70% completed with another two phases of residential and commercial properties scheduled for launch this year. It has a total GDV of RM543 million.

For the property outlook in 2008, Chen said as long as the development is located in a good
area, there would always be demand for the properties there.

Puchong, Cheras, and Ampang are some of the areas to look out for in the future,” she noted. Tanming has ongoing residential and commercial projects in those areas as well as in Sungai Long and Balakong.

By theSun (by Yap Yew Jin)

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