Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Friday, March 28, 2008

New business park in Cheras

The heavy industrial area of Taman Shamelin Perkasa in Cheras is gradually evolving into a popular hub for corporate offices and light manufacturing plants. In line with the changing landscape in the area, Y&Y Group is offering its Shamelin Heights Business Park.

The group’s joint marketing and leasing consultants Dennis Yong and Billy Tan told Propertyplus that due to the area’s close proximity to the Kuala Lumpur city centre, land costs and rentals are rising rapidly making it unfeasible to house heavy industrial factories.

Yong (left) and Tan

The 12.6-acre freehold Shamelin Heights Business Park offers 30 units of 3-storey semi-detached and one 3- storey detached corporate industrial buildings with average land area of 8,500 sq ft and built-ups from 8,500 sq ft.

“The Y&Y Group would be retaining the units and managing the business park. This is perhaps the first and only built-for-lease landed business park in KL. There are others, but none of this size and by a single owner.

The project will be promoted as a single landmark, making it a desirable business address,” said Yong. He added that the Shamelin Heights Business Park has competitive rental rates.

“Rental in the surrounding locality ranges from RM1.80 to RM2.20 psf while rental at Shamelin Heights will be RM2 psf. The first phase of 15 units will be completed in May, and the remaining phases by year-end. We expect to start leasing activities in mid-April,” said Yong.

Tan said the corporate industrial buildings are suitable for use as distribution centres, product and operations hubs, corporate offices, sales and service centres, showrooms and training centres. The buildings have column-free layouts and a modern design with a contemporary outlook. It will be guarded and landscaped.

Apart from Shamelin Heights Business Park, the Y&Y Group is also developing the 1 Shamelin Shopping Mall which is just down the road from the business park. The RM408 million mall is modelled after successful shopping havens such as Bangkok’s Platinum Fashion Mall and MBK Centre, Singapore’s Bugis Junction and Taiwan’s Wu Fen Bu.

The mall is situated on a 4.5-acre plot of leasehold commercial land in between the busy intersection of Jalan 4/91 and Jalan Perdana 10/5 of Taman Shamelin Perkasa. All of the 1,167 units for sale have been taken up since the launch last November and the developer is leasing out the remaining 466,000 sq ft.

The mall will be divided into various themed zones such as Fashion & Trendy, Beauty & Pamper,
Eateries & Snack, Integrated & Cyber Lifestyle zones. It will also have food and beverage outlets and a fitness centre, along with a leisure entertainment zone housing a Cineplex, blowing alley and karaoke outlet.

The retail lots have a unique floor-to-ceiling height of 16.5ft. Standard lot sizes are of 108 sq ft and 126 sq ft with prices from RM128,000.

There will be over 1,500 parking bays. 1 Shamelin is developed by Lambang Ehsan Sdn Bhd, while Shamelin Heights is being developed by Y&Y Property Development Sdn Bhd, Both are wholly owned subsidiaries of the Y&Y Group. The mall and Shamelin Heights are accessible via a network of roads such as the Middle Ring Road 2, Jalan Cheras, Jalan Perkasa and Jalan Pandan.

Over the past 10 years, the group has developed residential and commercial projects in Cheras, Seri Kembangan, Taman Desa Aman and Taman Shamelin Perkasa, and an upcoming project would be a RM27 million boutique hotel in Tengkat Tong Shin, KL.

By theSun - Propertyplus -(by Allison Lee)

No comments: