Wednesday August 1, 2012

Parts of new Cyberjaya development open for registration

By JAROD LIM
jarodlim@thestar.com.my
Photo by GLENN GUAN

CRYSTALVILLE Sdn Bhd will be investing RM180mil to build a integrated development called Vita @ Cyberjaya.

Spanning 5.26ha, the project located at the heart of Cyber- jaya’s central business district (CBD) is equipped with various business centres as well as entertainment and relaxation outlets with modern designs.

Corporate advisor Datuk Azman Mahmood said the project will cater to young entrepreneurs who wanted to start their own businesses and also first-time homeowners.

“It is definitely a stepping stone especially for fresh graduates to set up their career here as we are providing them with a wide range of convenience as well as small office/home offices (Soho).

“First-time home buyers can also decide on whether to transform the place to an office or a space to live in,” he said.

The Vita project’s first phase will consist of 2.55ha of freehold commercial units, offices and a 15-storey La Vida Soho building.

Azman: The Tropez houses are being designed for families with teenage children.

The company had invested close to RM60mil for the project’s first phase and expects its gross development value (GDV) to reach RM173mil.

The first phase itself is separated into three developments, with phase 1A comprising 58 units of shops and offices, phase 1B of 39 units of shops and offices, andphase 1C with the 15-storey, 345 unit La Vida Soho.

Phase 1A will feature four-storeys commercial units. Each unit will have built-up areas of 2,600 sq ft to 3,000 sq ft. Spreading out over 10 blocks, the retail and office units have a duplex layout.

Right above the commercial units is the La Vida Soho.

The 450 sq ft-Soho suites are priced from RM280,000 to RM350,000 each with facilities such as a rooftop infinity pool.

“We are waiting for the building plans and advertising permit to be approved. However, the La Vida Soho is open for registration.

“We are targeting a sales launch in August,” he said.

“Phase 1A is expected to be completed in three years’ time and by then, the total GDV of the Vita @ Cyberjaya will be RM260mil,” he added.

“The project’s location is close to a bus terminal, a street mall and an upcoming LRT station,” he said.

According to Azman, all government departments will be based in Putrajaya by 2014 and this will create a spillover effect in Cyberjaya. The population in both cities is expected to increase, especially the student population.

“There are around 21 developers in Cyberjaya and it is really a growing market. With effective infrastructure and public transport system in Cyberjaya, traffic congestion is barely an issue,” he said.

To date, over 34% of La Vida Soho units have already been booked, while 40.7% of the Vita shops have already been taken by F&B owners and pharmaceutical companies.

Azman also mentioned that the second phase of My Diva Homes featuring 14 units of two-and-a-half-storey Tropez semi-detached houses as well as two units of luxury bungalows located in Cyberjaya’s Perdana Lakeview East enclave will be launched soon.

The total GDV for the Tropez houses is RM78mil.

Each house has a built-up area of 4,408 sq ft.

“We are targeting small families with teenage children. The reason being they need more space and the Tropez houses can offer that.

“We are also promoting quality living as the location of Tropez houses is connected with infrastructure as well as a low population density. This creates a harmonious and serene environment to live in,” he said.

The Tropez houses are designed with generous use of glass windows and doors so that owners can enjoy the view of a lake.

The interiors also provide residents with an entertainment area a gym, bathrooms in every room, and dry and wet kitchens.

“The Vita and My Diva Homes will enhance a modern lifestyle and bring a vibrant atmosphere to Cyberjaya,” he said.