May 3 2014, 11:01 AM, updated 10y ago
from http://www.theedgeproperty.com/news-a-view...generation.html
Another one of the developer’s TOD developments — SJ7 — is coming up near LRT station No 7.
According to Salem Kailany, head of property development 2, the site on which SJ7 will be built used to be the office of one of Sime Darby Bhd’s subsidiary companies. “We have relocated the office and submitted the papers for the conversion of the land from industrial to commercial,” he says.
SJ7 will have an integrated station for both the LRT extension and the bus rapid transit (BRT) line that connect SJ 7 to Sunway and Sungei Way, making it the only development with both transport terminals integrated into it.
The 35-acre freehold development in Persiaran Kewajipan, USJ7, is located 6km from the SJCC and will feature 10 to 11 blocks offering 320 SoHos and 2,008 apartments. The built-ups are between 580 and 1,500 sq ft while the prices start at RM750 psf.
The GFA of the project’s retail component stands at 1.5 million sq ft, office space at 783,130 sq ft and hotel at 661,400 sq ft. The GDV is estimated at RM3.86 billion.
The four-star, 12-storey hotel will feature 210 rooms, and serviced suites and retail outlets. The average room rate has yet to be determined.
The office component comprises four blocks offering units with built-ups of 220,000 to 240,000 sq ft and one block of shopoffices.
The launch of Phase 1 is targeted for FY2014 or FY2015 while the whole project is expected to be completed in FY2024 or FY2025.
This post has been edited by accetera: Nov 20 2014, 03:34 PM
Investment UNION SQUARE @ SJ7 SUBANG JAYA [LRT PROPERTY], A new masterplan for USJ Subang Jaya
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