IOI Prop’s Bandar Puteri Bangi hits 70% sales

BANGI: Phase 1 of IOI Properties Group Bhd’s RM4 billion Bandar Puteri Bangi township has achieved a take-up rate of 70% since its launch last weekend.

The first phase comprises Almyra Residence serviced apartments, The Terresse terraced houses and Kubica Square shop-offices. 

“[The residential properties within the township] will cater [to] the growing demand for affordable housing [following] the recent spike in property prices within the Klang Valley. [It] will fulfil the needs of first-time homebuyers, young professionals, singles, early nesters, upgraders and investors within the Kajang-Bangi-Semenyih area,” said the senior central marketing executive of IOI Properties Ling May Yuen.

The freehold mixed-use township development covers 370 acres (150ha) and is adjacent to the Putra Mahkota toll. It is expected to be completed over the next 8 to 10 years.

According to the senior sales and marketing manager of IOI Properties Mohd Ezuddin Samian, the development is strategically located between Kuala Lumpur and Seremban and is 30 minutes away from both cities. The township is accessible via the North South Expressway (NSE) and the Kajang Seremban Highway (Lekas).

Almyra Residence features 669 units of apartments spread across four blocks. Each block will have 25 to 30 storeys. There will be three types of apartments — three bedrooms two bathrooms; three bedrooms three bathrooms; and four bedrooms three bathrooms — with built-ups between 969 sq ft and 1,217 sq ft. The units have a ceiling height of 3.3m. Prices range from RM360,800 to RM707,800 and completion is scheduled for November 2017.

The Terresse comprises 111 units of 2-storey terraced houses with a built-up of 2,510 sq ft. Prices range from RM728,800 to RM1.35 million. The terraced houses are expected to be completed by November 2016.

Kubica Square comprises 116 units of 3- and 4-storey shop-offices. With built-ups ranging between 5,237 sq ft and 17,465 sq ft, units are priced between RM1.526 million and RM4.85 million. The shop-offices will have 1,045 public parking bays and are expected to be completed within 2½ years.

The township will offer amenities such as the ecoOasis Clubhouse and arenaOasis Parkland, which are expected to be ready in three years. Other amenities include the Bangi Gateway Shopping Complex, universities, commercial hubs, government agencies and hospitals. A Tesco hypermarket is also expected to be opened in the area in approximately two years.

Ling told The Edge Financial Daily in an email in December last year that the group has approximately 1,000 acres of land in Ayer Keroh, Melaka. It is to be built into a township in the future which will comprise commercial and residential developments with common facilities and amenities at a development cost of RM4 billion. 

Ezuddin said the group’s project in Sepang, known as Bandar Puteri Warisan, is expected to have two phases of its development completed within two years. This mixed-use development is located 5km from klia2 and 1km from the Salak Tinggi Express Rail Link.

The township is located 30 minutes away from Kuala Lumpur and Seremban. Photo by IOI Properties

This article first appeared in The Edge Financial Daily, on January 16, 2015.