The SoHos, which are now open for registration and said to be “quite affordable”, are targeted at first-time property buyers, entrepreneurs, singles and couples working in Cyberjaya, he told reporters at a project briefing recently.
“There is potential for yields of up to 6% based on our surveys of comparable properties in the area,” said Tan.
He said the population of Cyberjaya, who are employees of companies primarily in the IT and service industries, is currently 52,000, but it is set to double by 2020.
He added the project has attracted much interest from the public.
The freehold Kanvas SoHo has a gross development value of RM201 million and comprises 646 SoHos housed in two 30-storey towers and 16 retail lots on a 3.4-acre site (1.37ha) on Jalan Teknokrat 6.
Priced from RM260,000 to RM322,000, the SoHos offer built-ups of 484 sq ft and 485 sq ft and come partly furnished with built-in kitchen cabinets, branded hoods and hobs, two air conditioners, a water heater tank, fridge and parking bay.
Maintenance fees are RM180 per month.
Other facilities include a 25m infinity pool, dipping pool with jacuzzi and gymnasium, as well as meeting rooms, storage cubicles for rent and two sky lounges atop the SoHo towers.
Access to the SoHos will be controlled by security cards that limit residents’ access to only common areas, including the sky lounges, and their own floors.
About 150 parking spaces will be allocated to the shops.
“Ideally, we’re looking at four restaurants, a supermarket and launderette,” he said of the potential retail tenant mix.
The project is aiming for green certification from the Real Estate and Housing Developer’s Association.
Some of its green features include cross ventilation, a predominantly north-south orientation and rainwater harvesting for use in common areas.
Kanvas SoHo is due to be completed by June 2017.
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