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Cyberjaya city centre in the works

CYBERJAYA: Cyberview Sdn Bhd, the landowner of Cyberjaya spearheading the development of the intelligent city, is planning to develop a Cyberjaya city centre on a 141.2-acre (57.14ha) freehold site.

The city centre development will have an estimated gross development value (GDV) of RM8 billion to RM10 billion offering a mix of residential and commercial projects, said Cyberview managing director Hafidz Hashim at the company's annual media briefing on Thursday, Oct 20.

Cyberview has invited proposals for the development master plan and for the purchase and development of part of the city centre measuring about 101.8 acres. The request for proposal (RFP) exercise began on Sept 19. Tenders must be submitted by noon on Dec 21.

Cyberjaya has attracted total investments valued at RM3.04 billion this year, bringing the total investment value since Cyberview's inception in 1997 to RM12.36 billion. Investment value for enterprise developments in 2011 amounted to RM517.6 million while residential investments contributed RM2.42 billion.

In terms of land sales, a mix of enterprise, commercial, residential, light industrial and institutional land sales worth RM3.64 billion consisting of 2,156.65 acres have been achieved to date. This year alone, about 646.3 acres worth RM1.23 billion have been sold largely comprising residential land sales while 2.27 million sq ft of enterprise space was sold, bringing the total enterprise sales to 11.1 million sq ft to date. For the coming year, Cyberjaya already has RM3.73 billion worth of projects in the pipeline.

The key developers involved in residential projects in Cyberjaya include UEM Land Holdings Bhd, Mah Sing Group Bhd, Triental Land Sdn Bhd, Andaman Group, Country Heights Holdings Bhd, Laketown Sdn Bhd and Tim Development .

In line with the government's My First Home Scheme and 1Malaysia Housing Programme (PR1MA), Hafidz said a 120-acre housing development in Cyberjaya is being planned. The development is expected to comprise 2,500 homes, of which about 30% to 40% will be allocated under the PR1MA scheme offering units priced below RM400,000. The project is expected to begin in the middle of next year.

Hafidz said Cyberview will continue its efforts to attract local and international investments to the city including physical and communications infrastructure, regulatory framework and cyberlaws as well as providing financial incentives that include tax allowance and industrial building allowance.

"We are confident that we can deliver. Cyberjaya's accomplishments so far will further spur key stakeholders to realise Cyberjaya as a global MSC Malaysia cybercity hub and the preferred location for ICT, multimedia and services for innovation and operations and to fulfil specific government initiatives in support of the innovation economy."

Cyberview was appointed landowner of Cyberjaya in 1996 and takes the lead role in promoting development, business and community activities in the administrative capital, thus transforming it into a premier cybercity that hosts over 500 companies and boasts a population of over 41,000.

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