Grand education plans in Ipoh

KUALA LUMPUR (Feb 6): Wawasan Qi Properties Group (Qi Properties) plans to develop Qi City, an educational and medical hub in Ipoh, Perak with a gross development value of RM1.1 billion, and create a “Harvard of the East”.

“Our aim is to create a university town. We want to turn Perak into an educational hub and we want to set the standard for it,” Qi Properties founder and executive chairman Datuk Seri Vijay Eswaran Vijayaratnam told City & Country.

Qi City will comprise three condominium blocks, a tower of serviced suites with a mall on the ground floor, six storeys of staff quarters attached to 840 hospital beds and the Quest International University Perak (QIUP) campus.

The 8.02-acre QIUP will have facilities such as a sports complex, central park and 1,055 parking bays.

The university is estimated to accommodate up to 8,000 students, around 1,000 of its staff members and an additional 1,000 employees stationed within the hospital.

Meanwhile, the 25-storey condominiums -- including two levels of parking -- will occupy 7.35 acres and offer 768 units for sale.

Their built-ups will range from 780 to 1,338 sq ft while the 18 penthouses will be 1,800 sq ft in size.

The developer says with a tentative price of RM460 psf to RM660 psf or RM358,800 to RM615,480, the typical units are competitively priced in the Ipoh market.

On the other hand, the 1.6-acre mall with 29-storey serviced suites tower will feature 120 retail outlets on top of a multi-purpose hall that will double as a convention centre.

There will be 276 serviced suites, of which 184 units will have built-ups of 688 sq ft while the remaining units will have built-ups of 888 sq ft.

The 26-acre integrated development is tentatively scheduled for launch in the second quarter of this this year.

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For the full story, read the Feb 8 issue of City & Country, the property pullout of The Edge Malaysia. Subscribe here for your personal copy.