That’s one way to view acquiring real estate at the fringe of the Klang Valley or neighbouring suburbs, if you are native to the capital city.
In this case, it’s Southville City in Bangi, Mah Sing Properties Sdn Bhd’s most expansive township yet. Mah Sing Properties is a subsidiary of Mah Sing Group Bhd.
According to Mah Sing Properties Sdn Bhd township residential chief operating officer James A. Bruyns, many buyers are keen on a transit home for the work week.
“We have buyers who live with their families in Seremban and work in Kuala Lumpur. Having this property to go home to would alleviate their travelling. They can put up during the week and return to their families in the weekend,” he tells StarBizWeek.
In addressing the distance between Bangi and commercialised areas such as Petaling Jaya and the Kuala Lumpur city centre, Bruyns explains the initial scepticism people expressed when Mah Sing acquired land in Cyberjaya.
“They said is was too far, but our Garden Residence have proven to be very successful due to the Maju Expressway (MEX), which means that the project is only 20 minutes from KL,” he says.
It would be a matter of educating and sharing the information with the public as Bangi isn’t very far at all, he adds.
“As a matter of fact, Bangi is no further from Petaling Jaya than it is to get from Petaling Jaya to Kuala Lumpur. The difference is that you can get from Bangi to Kuala Lumpur via a direct route,” Bryuns says.
Mah Sing just had its direct interchange – a RM120mil project – for Southville City approved.
It will allow residents to turn off from the North South Expressway directly into the township.
Overall, Southville City, built over freehold land, will have a gross development value (GDV) of RM5.13bil.
It will be launched in phases, starting with its residential component, the Savanna Executive Suites with a GDV of RM1.5bil.
The eight blocks of apartments feature 25-storeys of three-bedroom layouts in three size categories – 956 sq ft, 1,017and 1,960 sf ft – at an average price of RM280 per sq ft (psf).
These units will be partly furnished with an air-conditioning system and basic fittings.
The towers will consist of three levels of basement car park, two levels of retail lots, followed by a further three levels of car park and 25 floors of executive suites.
Like most other comprehensive residential developments, Savanna Executive Suites will sport an integrated podium with modern facilities such as an aqua gym, herb garden, reflexology park, maze garden, yoga deck as well as a nursery area.
Typical amenities such as a swimming pool, Jacuzzi, children’s playground, launderette area and BBQ area are included.
Currently, the township sports a 20-acre (8-ha) sales gallery and plus show village (landscaping), all of which cost over RM10mil to build, according to Mah Sing Properties group chief operating officer Adam Leow.
The area also features a 15-ride, admission-free theme park, which has been running for several weeks and will end in mid January.
A small collection of motorised bicycles are prepared for visitors who want to tour the vicinity. In the future, proper biking lanes with parking stations will be set-up – linking all precincts – so as to promote healthy living and provide a safe route for patrons to get around.
All of this gives rise question of the necessity for such an expansive showroom.
Leow says that was part of a sampling of what the township will be,
“Southville City is a major development for the long term. Before we begin, we want to give people something tangible to experience that they can enjoy. We are very confident about its success. There is a trend of home-buying moving southward. Looking at our project here, others are waiting to kick off with theirs,” Bruyns says.
“Savanna Executive Suites would appeal to first time home buyers, and also people who want to relocate from outstation to be closer to the capital,” Bruyns says, adding that over 90% units have been pre-selected in the launch of its first four residential towers.
“The majority of buyers are from KL, Seremban, Klang and Ampang. We’ve had some interest from Johor as well,” he says.
The towers are slated for completion at the end of 2017, about the same time as the interchange.
Following that, Mah Sing will proceed to build Garden Link Homes – a compound adjacent to the towers comprising 196 units of two and a half to three-storey link houses.
With a GDV of RM150mil, these units will have a built-up area of 2,650 sq ft, going for an average indicative price of RM324 psf.
Savanna Executive Suites and its two storeys of retail units, the Garden Link Homes come under what will be called Southville East.
Bruyns alludes to plans for a street mall, a boutique-style retail street in the vicinity in the future, where visitors can shop and sit down for a meal.
“It’ll be the longest retail street in the country,” he says.
Following these phases, the developer will build commercial units as well as semi-Ds and bungalows.
Amenities such as a primary and secondary school, clinic, police station as well as a mid-sized convention centre would be part and parcel of the development.
“Once residents experience living here they will know that it is very convenient and hassle free to live in Southville City. That is why we call it KL South,” Bruyns says.