KOTA KEMUNING (Nov 17): Phase 1 of Sanctuary Mall located in the heart of the upcoming Eco Sanctuary City, which is the integrated development zone of the 308-acre Eco Sanctuary township near Kota Kemuning, Selangor, is expected to start operations by the end of next year.
The 62-acre Eco Sanctuary City comprises the mall, serviced apartments, educational institutions, office towers, a hotel and a convention centre.
Eco World Development Group Bhd’s Eco Sanctuary general manager Ho Kwee Hong noted that the opening of the mall would be timely as residents of Eco Sanctuary would be gradually moving in, following the expected handover of the initial residential phases by the second quarter of next year.
Since June 2015, the township has launched Monterey, Terraza and Grandezza landed homes as well as The Parque Residences condominium.
“Neighbouring township developments will also see at least 3,000 houses being handed over by the end of this year or early next year. Coupled with the residents of Eco Sanctuary [moving in], the mall will open at the right time to serve the needs of the residents,” remarked Ho.
Phase 1 of Sanctuary Mall is designed with a strip mall concept. The 3-storey mall will have a gross floor area of 130,000 sq ft and net lettable area (NLA) of close to 100,000 sq ft.
“It will have at least 50 retail lots. Tentatively, we are allocating 45% of the space for food and beverage (F&B), 30% for conveniences and services, while the remaining space will be for household products and others,” Ho said.
She noted that Sanctuary Mall will be developed in phases according to market needs and the township’s population growth. It will eventually have 500,000 sq ft of NLA with integrated elements, including serviced apartments on top of the mall as well as a hotel and convention centre next to the mall.
Sanctuary Mall will be surrounded by Eco Somerset lifestyle shopoffices. The recent launch of the second phase of Eco Sanctuary lifestyle shopoffices has seen 60% take-up since its launch in early October.
Eco Somerset 2 offers 68 units of 2- and 3-storey lifestyle shopoffices with built-up sizes between 3,000 sq ft and 6,000 sq ft. During its launch last month, 26 units were released for sale.
The units measuring 22ft by 70ft have a selling price of RM2.16 million, and all the four corner lots have been sold.
“Eco Somerset 1, which was launched in April last year, had received good response with 70% of the 88 units snapped up on the first day of launch,” she said, adding that almost all of the units in Eco Somerset 1 have since been taken up. The selling prices were from RM2 million.
According to Ho, the remaining units of Eco Somerset 2 that offer a larger land size measuring 22ft by 75ft will be launched next year.
The lifestyle shopoffices will house businesses that can cater to the daily needs of Eco Sanctuary residents and include retail, F&B and other services such as laundry services.
This story first appeared in EdgeProp.my pullout on Nov 17, 2017. Download EdgeProp.my pullout here for free.