Part of the allure of running an Internet lifestyle business is that you can pretty much do it anywhere. You don’t have to turn up at “work”, and you can pretty much operate your business from anywhere with an Internet connection – i.e. at your neighbourhood cafe, for example.
At least, that was what I thought when I first started out on my own back in 2010. But after awhile, the novelty of “working out of Starbucks” quickly ran thin. After all, there’s only that much foamy lattes you can drink in a day before you become too bloated to get any meaningful work done. Also, public wifi is probably about as reliable as the power windows on a ten year old Proton Waja (i.e. not very).
So for those reasons, I had started out renting a SoHo unit at Empire Subang Jaya for two years, after which I moved to my current duplex unit in Setiawalk, Puchong. I’m pretty happy with where I am now, but with my growing business I might just need a little more space in the next 18-24 months. Admittedly, I had never considered Cyberjaya before this until our friends at Emkay Group invited me over for a preview of its Radius Business Park project.
The Radius Business Park is a 5.89-acre contemporary shop office project which is part of a 50-acre mixed development (the MKN Embassy Techzone) located along Jalan Teknokrat 2 in Cyberjaya. Expected to be completed in October 2017, this development comprises of 100 strata units inside eight blocks of three to four storey buildings. Size of the units range from 1,241 to 8,204 sq ft, with a net floor area of some 262,382 sq ft. There are a total of 765 car parks on ground level and in the basement.
What makes Radius particularly unique is that it has got a dual frontage design which makes it easy to access from both the front and the back. For retailers on the ground floor, this means that exposure to foot traffic is potentially double of conventional shops. Also, its contemporary facade and spacious boulevard gives the project a comfortable and pleasing aesthetic.
Prices range from RM692,000 to RM12 million per unit. This development is freehold.
Radius Business Park Cyberjaya: Fact Sheet
|Building Type||Shop office development|
|Land Size||5.89 acres|
|Total GDV||RM 177 million|
|Accessibility||• Lebuhraya Damansara-Puchong (LDP)
• North-South Central Link (ELITE Highway)
• South Klang Valley Expressway (SKVE)
• Kajang – Puchong, off the KL - Seremban Highway (SILK)
• MEX Highway (formerly KL-Putrajaya Dedicated Highway)
|No of Units||100|
|Net Floor Area||262,382 sq ft|
|Size of Units||1,241 - 8,204 sq ft|
|Car Park||765 bays|
|Building Features||• 8 blocks consisting of corner and intermediate units
• Special corner units: 5 en bloc 4-storey high
• Corner & Intermediate units: 3-storey high
• The 4 four-storey special corner units come with dedicated lifts from basement car park
• All eight blocks share one sub basement car park
|Completion Date||Oct 2017|
Radius does seem to be a little off the beaten path especially when the hub of commercial activity in Cyberjaya seems to be around the Persiaran Multimedia and Persiaran APEC junction (where the D’Pulze mall and Shaftsbury Square are). However, given that this project will eventually be part of a 50-acre stretch of mixed development (also by EMKAY Group), we figure that Cyberjaya’s centre of gravity will gradually shift northwards where Radius is. Also, despite its somewhat off-centre location, there are no issues regarding its accessibility – especially when a nearby MRT station is to be developed by 2022.
The local textile giant Jakel Group is also reportedly setting up shop at Radius which demonstrates its pull among bigger brands and retailers – we won’t be surprised if more well-known brands continue to sign up in the next couple of months.
Now we all know that the property market is as slow as molasses these days, and understandably many investors are playing the “wait and see” game until they see some signs of recovery on the horizon. However, much of the doom and gloom that we hear today are associated with the residential sector, and commercial properties (some of which are doing way better than the residentials in the current bear market) remain criminally overlooked. So, if you’d like to consider investing in a commercial project for a change (and you may want to give Radius a go), drop me a message and I’ll hook you up with those lovely folks at Emkay who will be happy to talk to you.