Hopefully by then sibehjaya can live up to its expectation . ...

It's a mix developement with a 2 hotels on the side and a mall.
Local student may not be able to afford, but foriegners can drive the rent that much, else expat market.
Futhermore, CBJ is the area of growth, were companies come and open up office.

However, with the latest developement of the global economy, things might change.

This post has been edited by trifecta: Aug 8 2011, 06:56 PM

Tune Hotel Cyberjaya
First mall in Cyberjaya to open next year
By Haziq Hamid of theedgeproperty.com
Friday, 23 March 2012 15:52


CYBERJAYA (Mar 23): Cyberjaya will see its first mall opening in 2013 courtesy of D'Pulze Ventures Sdn Bhd as part of its D'Pulze Cyberjaya development.

According to project director Kan Ky-Shen, the company chose to build a mall in the centre of Cyberjaya due to strong demand.

"The mall is actually a demand-driven product. We hope that this mall will be the first fully integrated mall in Cyberjaya," he told The Edge Financial Daily.

Launched in early 2011, D'Pulze Cyberjaya sits on 4.3 acres (1.7ha) of freehold land and has a gross development value (GDV) of RM500 million. The development comprises two hotels, two blocks of serviced apartments and a mall that caters for the population in the area.

There are 505 units of apartments. The studios and single-bedroom units are 558 sq ft and two-bedroom units 676 sq ft. The whole development has a total built-up of 1.7 million sq ft with the mall having a gross floor area of 400,000 sq ft. The company has already signed tenants for its retail component, but declined to name them as yet.

The serviced apartments have been fully taken up. The units were sold for an average price of RM600 psf.

When D'Pulze came into the Cyberjaya scene in 2009, they started with a market survey on the infrastructure needs in the area.

"When we did the market survey, we found that the area was in need of residential components and it needed a retail centre. We also found a demand for hotel accommodation," he said.

According to Kan, there are about 40 multinational corporations in Cyberjaya and 500 multimedia super corridor status companies, hence the need for hotel accommodation as well.

One of the D'Pulze Cyberjaya hotels will be managed by Ascott Ltd, while the other will be managed by Tune Hotels. Ascott came into the picture in 2010 when it was looking to acquire land in the area and the two parties agreed to work together. Citadines by Ascott Ltd will offer 232 rooms, while the Tune Hotel will have 162 rooms.

"When you're looking for a site to build your product, you try to look for the best location with a lot of visibility. We are located right next to Persiaran Multimedia, Cyberjaya's main road," he said.

The development is expected to be completed sometime in 4Q13. Kan estimates that the mall will be catering for about 450,000 people by 2014 as well as an additional 3,000 primary catchment from the residents at its development.

He said the developer is always on the lookout for other opportunities.

"We normally consider three things; location, price and timing," he said. "One of the areas that we are seriously looking at is Penang. Yes the island is saturated with many big-time developers, but people are neglecting the mainland and we believe there is a lot of potential there."

D'Pulze Ventures is a wholly-owned subsidiary of Beach Capital Sdn Bhd. The company was established in 2009 as a special purpose vehicle for its maiden project D'Pulze Cyberjaya.

nice... new hangout n makan place in cyberjaya

Anyone knows the project site progress?

wonder if it is sold out 100%?

sold out according to SA.

They have changed their plan to complete the hotel and mall first ... progress seems normal based on construction update on photos...

I'm eager to see what this mall does to the place. Does anyone have any info on who the big guys who will open there?

i think is tesco..

Tesco so gong ho nowadays?! so many new tesco spawning...

Walao u serious TESCO????

If the mall becomes like Paradigm Mall.. then keng!

Comparing this development with the soon to be launched SkyPark by MCT, which has greater potential in terms of cap appreciation or rental play or Cyber will be oversupplied after 2013?

Mcdonald never discuss about renting in SS

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Added on August 3, 2012, 1:32 amIs Jaya grocery. Not Tesco.

This post has been edited by techhunter: Aug 3 2012, 01:32 AM

Burger King has opened in Cyber. Everyday during lunch hour, the queue is till outside the door. Well, there's only has 1 counter opened but still, u need to wait for empty table/seats during lunch hours. Many have to take away.

I don't understand why McD is losing out on this

McD in discussion. not losing out, but political reason.

Hopefully they can make it...

they will be there, not franchisee, but the master franchise. Golden archer will be setting up their standalone building there.

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Added on August 8, 2012, 9:11 pmThose that love japanese food, you can wait for the Rakuzen. It will be up soon as well. Coffee Bean will be there too. If you stay nearby need a music school, big yamaha school will be there. TGV will be there. got bowling and arcade if you want to skip your class/work to lepak

This post has been edited by techhunter: Aug 8 2012, 09:11 PM

Sure or not TGV confirmed already?

Wow... can't wait to see such progress.

TGV confirmed.

It's going to be happening then...