PROTASCO Bhd has revealed its plans for a new township called De Centrum City in Kuala Lumpur’s growing southern corridor close to a few institution of higher education.
Protasco managing director for Property and Infrastructure, Datuk Kenny Chong Ther Nen, said the new township was possibly the first in the country to be built around an existing academic institution.
“There is growth potential and opportunity not only for those involved in academia but also for families looking to set up new homes, companies looking for a prestigious address outside the city, businessmen and investors,” he said.
With an estimated gross development value (GDV) of RM10bil, the new township will be rolled out in stages over 15 years.
The 40.5ha freehold tract of land where the township will be built is currently the site for De Centrum Sales Gallery and Infrastructure University Kuala Lumpur (IUKL).
As an integrated township development, De Centrum City will offer residential units, shop offices, small offices/home offices (SOHO), office suites, retail lots, hotels, an academic precinct as well as a convention and recreation centre, among others.
Phase one of the development will comprise a shopping centre block with 29 retail units, a serviced apartment block with 320 units, a SoHo block with 192 units, and 54 shop lots. These will be handed over to purchasers in December.
There will also be four blocks of condominiums within De Centrum City. Two towers (A and B) of De Centrum Unipark have been completed while the remaining two blocks (C and D) will be completed by 2017.
Upon completion, De Centrum Unipark will offer 640 condominium units.
Also encouraging is a premium residential development conceptualised as Rimbawan Residences @ De Centrum. It offers 504 high-rise condominium units and 13 exclusive villas.
The new township is strategically located in an area dubbed Kuala Lumpur South, almost midway between Kuala Lumpur city and the KL International Airport (KLIA).
De Centrum City can be reached in approximately 30 minutes from downtown Kuala Lumpur, about 30 minutes from KLIA and 15 minutes from either Putrajaya or Kajang.
Most of the existing structures within the land will be demolished to make way for new ones.
The existing university campus will also be upgraded with green features added from a network of elevated bridges with public parks and water features to sheltered pedestrian walkways and bicycle paths.
A shuttle bus service will be implemented to link commuters between De Centrum City to the Kajang MRT station, scheduled to be operational by July 2017.
De Centrum City is expected to be a dynamic catalyst for growth for the Kuala Lumpur South corridor by providing investment opportunities and creating new jobs.
The new township will cater to the existing population of 500,000 located within a 20-minute radius, which is projected to grow exponentially within the next 10 years.
