TCS Arcadia banking on its proximity to education institutions in Bandar Saujana Putra

SELANGOR (Feb 17): TCS Group Holdings Sdn Bhd is set to officially launch its serviced apartment development TCS Arcadia on Feb 18 at Bandar Saujana Putra, Kuala Langat, Selangor.

The two 30-storey towers house a total of 460 units on a 3.3-acre leasehold land. The project  has a gross development value (GDV) of about RM280 million.

The units will have built-ups ranging from 816 sq ft to 976 sq ft. The 816 sq ft unit has two rooms and two bathrooms while the 973 sq ft and 976 sq ft units will come with three rooms and two bathrooms. The starting price for the units are from RM408,000. A 10% bumiputra discount will also be given for bumiputra buyers, said TCS Group managing director Datuk Tee Chai Seng.

TCS Arcadia has access to five expressways namely the North South Expressway Central Link, South Klang Valley Expressway, Shah Alam Expressway, Damansara-Puchong Expressway and Maju Expressway. It is only 2km away from the Putra Heights LRT station which connects to Kelana Jaya and the Ampang Line.

It is a mere 15-minute drive from Putrajaya IOI City Mall, 10 minutes from Cyberjaya and Putrajaya and is located within walking distance to the MAHSA University and MAHSA International School as well as the Saujana Business Park.

“The main campus of MAHSA, which is located on Jalan Universiti, is currently relocating to Bandar Saujana Putra which will bring in more than 12,000 students to the vicinity by September.

“We believe that despite the slow market, there is a need for housing in this area to cater to parents who are buying for their children to stay, or even for the teachers and staff who are going to work here. This is why we are going ahead with our launch,” Tee told TheEdgeProperty.com.

He noted that the project has received encouraging response from people already living in the area as well as the developer’s previous customers.

TCS Arcadia is the group’s fourth project. It has previously launched and completed three projects all in Bandar Saujana Putra namely Saujana Permai, Saujana Prima (both offer 2-storey link houses) and Saujana Avenue (shophouses).

During the launch of TCS Arcadia, the developer will bear the fees of the sale and purchase agreement and loan. It will also provide two free parking lots for every buyer. Buyers will only have to pay an upfront booking fee of RM2,000. The developer will also be giving a 3% rebate for early bird purchasers.

The serviced apartment development features 29 types of facilities including a tennis court, swimming pool, gymnasium, yoga deck, BBQ area as well as an aqua gym. The project will also have 24-hour security and an intercom system.

The project also comprises 43 units of shops and retail lots at the ground and first floor but the developer noted that they are not for sale.

“We are keeping the retail units so we can bring in quality tenants for the residents of TCS Arcadia as well as the residents who are living in the vicinity. We are in talks with several potential tenants now,” said TCS Group general manager for property and construction James Ooi.

Aside from TCS Arcadia, the group also plans to launch TCS Lakeview, also in Bandar Saujana Putra, this year end, comprising 296 apartment units with built-ups of 1,150 sq ft to 1,600 sq ft.

“The price for a unit is estimated to be around RM650,000 and above and will suit slightly bigger families,” said Ooi.

Other projects by TCS Group in the pipeline include the Blue Valley Eco Garden comprising apartment units located on a 70-acre site at the Gateway of Cameron Highlands project, TCS Hillpark at Puncak Jalil near Pavilion Bukit Jalil City comprising 160 units of 3-storey semi-dee homes and 178 units of apartments with a total GDV of RM500 million and a JV project of highrise apartments comprising 1,500 units in Bandar Saujana Putra.

This story first appeared in TheEdgeProperty.com pullout on Feb 17, 2017, which comes with The Edge Financial Daily every Friday. Download TheEdgeProperty.com pullout here for free.