Group managing director Datuk Johan Ariffin said the business park, which was soft-launched recently, would have plenty of outstanding features that would give investors a better chance of reaping higher capital gains as well as commanding higher rentals.
The 8.245-acre leasehold development with six blocks of four and five-storey shop offices will feature modern contemporary facade, dual frontage, double-volume office space (front portion only) for 39ft wide corner units, handicapped-friendly design layout, wide pedestrian thoroughfare and two intermediate shop offices which will share a lift with common lift lobby. Premium corner lots will have their own lift.
Datuk Johan Ariffin with a model of the Laman Seri Business Park
The intermediate units will have 26ft wide frontage and there will be 900 parking bays at basement and surface level.
“There will be a 37,000-sq-ft central events piazza for alfresco dining and water features such as ponds, a creek and synchronised water fountains with fibre optic lighting,” Johan told StarBiz.
He said that as of Feb 25, more than 30% (14 out of 46 units) had been sold. The projected rental rate would be around 8.3% per annum or about RM18,000 rental per month for a four-storey shop office (RM2.76 per sq ft).
The bumiputra price (units facing the main road) is RM2.63mil for the intermediate and RM3.88mil for the corner four-storey shop office while the bumiputra price for the intermediate and corner five-storey shop office is RM3.1mil and RM4.34mil respectively. The project has a gross development value of RM143mil.
Johan said LSBP was in a strategic location with many established housing estates nearby. These include Kelab Golf Sultan Abdul Aziz Shah, D'Kayangan, Bukit Jelutong, Glenmarie Resort and TTDI Jaya. There are also six golf courses and several colleges as well as hypermarkets in the vicinity.
The North Klang Valley Expressway to the north and Persiaran Sukan to the south flank LSBP. There is Kolej Universiti Teknologi & Pengurusan Malaysia adjacent to the project.
The event piazza, in the centre, will be beautifully landscaped with ornamental trees and shrubs complemented with synchronised fountain and ponds, creating a green and calm oasis.
Johan said an extra-wide thoroughfare would surround the piazza to act as an open-air street shop front complete with verandas where food and beverage outlets could “spill-out” into the landscaped area, creating alfresco dining experience.
There will also be drop-off points between building blocks where wide-open pedestrian walkways can be turned into activity centres.
He said the development was designed to be disabled-friendly with designated car parks, dedicated ramps and pathways for easy accessibility. There will also be a stand-alone surau with washrooms to cater to the public, especially those coming from the piazza.
There will be three waste disposal stations using modern technology called spiral waste disposal system to manage solid waste.
The top floor of the premium corner units will have double-volume office space at the front, which is further enhanced by the use of continuous full-height glazed windows and high fixed glass panels.
The facade design attempts to break away from the conventional image of the traditional shop house design. The exterior of the building is dressed in full-height glazed windows, with aluminium sun shading louvers projecting from the window. Horizontal aluminium screen panels conceal air-conditioning compressors from the outside while providing sufficient and efficient ventilation.
Meanwhile, TTDI Development has completed its Laman Seri, a high-end residential enclave across the road from LSBP.
Phases 1 and 2 comprising 89 units of semi-detached houses (70 units) and bungalows (19 units) are 90% sold. The company has also sold 18 of the 33 bungalows priced from RM2.3mil to RM2.4mil in Phase 3. The project will be handed over in December this year, almost a year ahead of schedule.
Johan said the philosophy of developing Laman Seri was to create the best gated and guarded community in Shah Alam and purchasers could see the amount of efforts that had been put into it.
“In addition to the more than RM1.5mil spent on landscaping and extra water features like fountains and fibre optic lighting, we are going to introduce cobblestones at the intersection inside the development,” he added.
By The Star -StarBiz - (by
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