Developer says 70% of first phase shop units taken

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THE Cheras Traders Square commercial development in Cheras Selatan is touted as one of the last existing batches of landed commercial properties available in the Klang Valley.

SCP Property Services Sdn Bhd executive director Calvin K.H. Low said the first phase of two-storey showroom shop offices has drawn much interest, with 70% of its 196 units taken up since its launch on Sept 12.

The encouraging sales figure is attributed to the layout and façade of the units, as well as the location of Cheras Traders, Low said.

The units have built-up areas which start from 266sq m and feature glass fronts on the first floor, making them suitable for retailers who are looking for a more upscale look.

Low said many developers chose not to make shop offices, particularly two-storey designs, due to the costly prices of land, but he said SCP Property Services saw a different value in them.

“In actual fact, traditional shophouses are favoured by buyers and investors alike,” said Low, adding that the plus points of the development made it even more attractive to buyers.

“Cheras Traders Square is located in a mature area and is within a bustling vicinity.

“Adjacent to the site is Aeon Cheras Selatan, Dataran C180 and residential developments, and we are right smack in the middle of it all,” Low noted.

He said these commercial developments complement one another and each could leverage the different crowds they draw.

SCP Property Services assistant general manager Chuah Jin Teik pointed out that the development would have ample parking space to accommodate the crowd.

Identifying parking space as a key factor in commercial developments, Chuah said the first phase of Cheras Traders Square alone would have more than 1,000 parking bays.SCP Property Services assistant general manager Chuah Jin Teik pointed out that the development would have ample parking space to accommodate the crowd.

“Our roads are also broader, measuring 20m wide along 19 rows of shops,” he said, highlighting that the commercial development was sizeable.

Low added that construction for phase one was well underway with piling works currently in progress.

“It should be completed in one-and-a-half years,” he noted.

The units are priced from RM2.2mil onwards.

Phase one takes up 8.09ha of land, while phase two, which is still in the midst of being conceptualised and designed, will take up 4.04ha.

“Phase two will see some 1,500 serviced apartment units and shoplots, making Cheras Traders Square a mixed commercial and lifestyle development,” explained Low.

The gross development value (GDV) for phase one and two is RM560mil and RM1bil respectively.

 

News source: (Star Property Malaysia/Kelly Tey)

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