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Transforming An Old Light Industrial Area Into Mini Metropolis

March 5th, 2012 · No Comments

Transforming and redeveloping an old light industrial area into an upmarket resort-inspired residential and commercial enclave is an grueling task, but never an impossible one.

Bolton Berhad, one of the oldest  Malaysia property developers, has confirmed in its transformation of the 140ha Taman Tasik Prima Puchong over the last 10 years. Taman Tasik Prima has evolved as one of the favored townships in Puchong on the strength of Bolton’s  careful planning and innovative product offerings.

The commercial factor of the township, The Wharf — a  union  of modern architecture, green and water elements — is set to be the showpiece of suburban Kuala Lumpur. This integrated 3-in-1 commercial development is situated at the border of a peacefull 81ha lake.

Consisting of  lakeview apartments, boutique showroom offices and a lifestyle mall inter-connected by complicated, modern-day and environmentally-driven architectural design, The Wharf is set to change the former light industrial area into a vibrant mini metropolis and to live up to its promise of being the “Neighbourhood Lifestyle Des-tination”.

Bolton’s versatility and innovation has already garnered international recognition as The Wharf was able to bag an award for the Best Mixed Use category for Malaysia during the Asia Pacific Property Awards in  2011.

An essential component leading to the impressive take-up rates at Taman Tasik Prima is Bolton’s track record in creating value and capital appreciation for its customers.

When Bolton started developing Taman Tasik Prima, the intention was to achieve RM500mil in gross development value (GDV).

At present, Taman Tasik Prima’s GDV is in excess of RM1bil, with The Wharf commercial development itself being valued at more than RM500mil.

The Wharf is situated on a 6ha tract of commercial land facing Tasik Prima Puchong and flanked by existing prime landed properties as well as the Bizhub shopoffices.

The project was officially launched on Aug 20, 2010, with the BizWalk consisting 32 units of three-storey boutique showroom offices being the initial product to be offered. With a minimum price tag of RM2.2mil and a GDV of RM81mil, BizWalk which boasted a unique design of 25ft wide frontage and each floor being a ground floor, was disposed almost immediately.

Its second product offering, The Wharf Residence was launched on Nov 12 last year.

Tower 8, the first block consisting of about 334 units offering built-up areas varies from 795sq ft to 1,173sq ft, was created with practicality and functionality in mind.

The lakeview apartments offer fashionable and comfortable living spaces within a distinct environment that offer full condominium facilities.

One of its unique features is the large external storage room for each unit, located on the respective floors, which is something that has not been offered before in the Puchong area.

Tower 8, which has GDV of RM120mil, is now 85% sold. The second tower, Tower 18, is now open for registration.

By reason of the tremendous reaction of BizWalk, Bolton launched an innovative 2-in-1 commercial offering called “Flexi Suites” located on Levels 4 and 5 of BizWalk.

The 64 units strata offering is made to go with the business and lifestyle needs of its client, where the owners have the flexibility of renting out, occupying or doing both, hence the 2-in-1 tagline. Every unit has an entrance foyer , and is  linked to the multi-storey car park giving each unit the feeling  of being a ground floor unit, the Flexi Suites are also obtaining a tremendous response.

The upcoming The Wharf Retail Mall will  further fortify  the appeal of The Wharf Residence, BizWalk and Flexi Suites.

The mall, which has 1,296 parking bays, is estimated to be finished by 2013. A link bridge from the apartments to the mall will be built in order to provide integrated convenience to residents.

The Wharf Retail Mall is one of very few malls facing a lake, and there is numerous promenade space for events and alfresco dining.

The mall has already received many enquiries from prospective anchor tenants.

This year, the company also plans to launch “Summerhomes”, its last landed lakeview residential development which comprises 58 units of three-storey townhouses and four units of 2½ semi-detached houses with a GDV of more than RM45mil.

Developments along shopping centres inclined to appreciate in value by reason of convenience, and by the fact of it being situated next to The Wharf. Summerhomes is expected to be another hit for Bolton.

 

 

 

 

 

 

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