Sekitar26 Business has achieved 51% take-up since October 2013

PETALING JAYA: The Sekitar26 Business commercial hub in section 26, Shah Alam by Paramount Property (Shah Alam), a division of Paramount Corp Bhd, has seen a 51% take-up rate since its launch in October last year.

Sekitar26 Business has a gross development value (GDV) of RM211 million. It comprises 38 units of 3-storey semi-detached industrial units and a 3-storey detached industrial unit, on 13.2 acres (5.34ha) of freehold land. This commercial hub is the first phase of a wider development called Sekitar26.

“Sekitar26 Business has received positive feedback since its launch of 38-units of 3-storey semi-detached industrial units in October last year with 20 units being sold,” said Beh Chun Chong, deputy chief executive officer, Paramount Property Development.

Built up of units range from 8,689 sq ft to 8,704 sq ft while land dimensions for the units range from 65ft by 155ft to 88ft by 155ft. Prices per unit start from RM5,732,000 or RM570 psf. Paramount is banking on the ready catchment available in section 26 and sees it as a thriving place for business and a vibrant destination for leisure.

“The buyer mix consists of end-users and investors, with the majority of them being end-users who currently have businesses in nearby areas such as Puchong, USJ, Shah Alam and Kota Kemuning. These end-user buyers cited the strategic location with freehold status, easy accessibility, practical designs and soundness of Paramount’s reputation as reasons for choosing the development.

“The buyers will be bringing their current businesses to Sekitar26 Business. The business mix consists of trading businesses, agricultural trading, car showrooms, and furniture showrooms,” he said. “With buyers’ profiles consisting of serious buyers who purchase for their own business use, we are not relying so much on an investor market.”

These industrial units have a full glass frontage ideal for branded signature offices, showrooms and warehouses, according to Beh. Sekitar26 Business is scheduled for completion in the fourth quarter of 2016.

This article first appeared in The Edge Financial Daily, on July 4, 2014.