QUOTE(ahdar @ Jul 26 2013, 07:35 AM)
Good news, population of cyberjaya is going explore soon
QUOTE(Soros007 @ Jul 26 2013, 10:04 AM)
Need more population to make the commercial 'ong'!
More people, more jobs, more places to shop...
Plaza CrystalVille@VITA Cyberjaya: Tapping into Cyberjaya and its potential:
http://www.nst.com.my/red/plaza-crystalvil...ential-1.326648STRONG GROWTH: Development in Cyberjaya has grown by leaps and bounds from the day it was first mooted 16 years ago
Cyberjaya is a well-planned city with fibre optics laid out across the entire area with first world standard infrastructure and facilities. It is a city with immense potential ready to be tapped into. The pace of progress is reaching an overdrive stage and is targetted to be at full speed by 2015.
This can be seen in the recent influx of residential and commercial developments by prominent developers including EMKAY Group, Mah Sing Bhd, UEM Sunrise Berhad, OSK Property Holdings Berhad, Glomac Bhd, Paramount Bhd, MCT Group and SP Setia Bhd. The on-going residential developments are targetted to deliver 11,000 residential units by 2015 and 2016. This is expected to draw an estimated 44,000 people thus creating a population exceeding 100,000. By year 2020, the projected population in Cyberjaya is expected to touch 280,000.
Property developer CrystalVille Group is amongst the many property developers making its presence felt in Cyberjaya. CrystalVille Group is no new kid on the property development block. Under its belt, it has delivered 161 boutique residential units and 127 commercial units, introducing vibrancy in all its locations. The residential projects include Subang Alam Metropical Homes in Subang Alam, Shah Alam, whilst the commercial projects are made up of Plaza CrystalVille 1 & 2 and Plaza Prisma Ville in Sri Hartamas as well as Plaza CrystalVille in Setapak. The total GDV (Gross Development Value) harnessed from past projects is approximately RM400 million.
Return on investment for commercial properties in Cyberjaya
Cyberjaya enjoys the benefit of well-planned zoning, traffic layout and generous landscape reserves. The entire Cyberjaya Flagship Zone (CFZ) is well organised with various zoned land use complementing one another.
With the development value at locations bordering Cyberjaya reaching its maximum potential, Cyberjaya will definitely be the next hotspot for investors with its strong growth potential. Commercial units are also expected to offer good investment returns. There are official records to infer that commercial developments registered appreciation averaging 30 per cent since purchase. This information was collated from three existing completed commercial developments in Cyberjaya, namely Neo Cyber by MK Land, Cyberjaya 1 by Glomac Group & Shaftsbury Square. (Market price and rental rate sourced from Propwall, iProperty, Home Guru, PropertyGuru & ThinkProperty).
For example, for a 3-storey shop-office, the current shop rental rate in the surrounding vicinity ranges from RM4,000 - RM5,500 per month for the ground floor, RM2,000 per month for the 1st floor and RM1,000 for the 2nd floor. (Sourced from Cyber Realtor & iProperty).
Introducing CSB’s latest commercial development
CrystalVille Sdn Bhd’s (CSB) latest commercial development is Plaza CrystalVille@Vita, Cyberjaya (PCV), consisting of 58 units of 2- and 3- storey shop offices with an area of 22’ x 70’ on freehold land.
Four of the blocks are individual title shops while two blocks are strata title shops. The selling price for PCV starts from RM1.724 million.
PCV takes up 6.20 acres and forms Phase 1 of the development that sits on a total land area of 13 acres. Next to PCV, 1.35 acres of land has been allotted for a petrol filling station including a planned fast food outlet. Development on the balance land measuring 5.45 acres is designated for Phase 2 of the project and is expected to commence sometime in 2015.
For Phase 2, there is an option to build SoHo (Small office Home office) units and possibly a retail mall. SoHo occupants will enjoy the convenience of proximity to shops, convenience stores and the petrol station completed in Phase 1. Estimated GDV for PCV and the petrol station land is approximately RM115 million plus a projected GDV of RM122 million for Phase 2.
PCV’s attractive features include:
i) Well conceived practical layout that enhances visibility
ii) Convenient access and easy traffic flow
iii) Dedicated car parks for owners
iv) Ample parking bays for visitors
v) Concept that is suitable for F&B (Food & Beverage) outlets, retail shops & lifestyle stores
Cystalville Group has conducted a registration and booking exercise confined to buyers of its past projects in Plaza Crystalville I and II in Sri Hartamas, Plaza Crystalville in Setapak and residential units in Shah Alam since March 2013. The response has been overwhelming with a total booking of 40 units out of 58. The group believes that these buyers recognise the immense potential that PCV offers in terms of business opportunities and investment returns as:
• PCV is located in a high catchment area as it is surrounded by residential areas such as The Domain, Symphony Hills, Gardenview Residence, Serin Residency, Pan‘gaea and The Arc - all within a 3km radius.
• It is located in the heart of Cyberjaya‘s business district and is adjacent to over 20 multinational companies within a 2km radius.
• It is also located next to Cyberjaya‘s transportation hub and is accessible via 6 major highways namely MEX (The Maju Expressway), SKVE (South Klang Valley Expressway), SILK (Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd), ELITE (North-South Expressway Central Link), LDP (Lebuhraya Damansara-Puchong) and B15 (Putrajaya-Cyberjaya Expressway).
• Shell has signed a Sale and Purchase Agreement to acquire 1.35 acres of land next to PCV and intends to open a petrol station and a planned international fast food outlet.
A special package for a limited period is now on offer for selected units and they come with:
a. Guaranteed Rental Return (GRR) of 7% for 12 months for some units*
b. Developer Interest Bearing Scheme (DIBS) for some units*
For enquiries, please call 03-8318 8680 or visit www.crystalvillegroup.com & Vita Sales Gallery, 35G, Biz Avenue Neo Cyber, Lingkaran Cyber Point Barat, Cyberjaya
This post has been edited by xyyap: Jul 26 2013, 05:20 PM