Goh (left) and sales manager Andrew Pui showing a model of the Dataran Larkin II commercial hub, which is slated for completion by the first quarter of next year.
JOHOR BARU: Strategically located in the midst of mature townships, the Dataran Larkin commercial hub has recorded some 10.2% increase in rental returns following its launch two years ago.
Asian Pac Holdings sales and marketing head Marco Goh said that businesses were thriving due to accessibility and strategic location of the hub, which is just opposite Larkin Central and less than two kilometres away from Larkin Stadium.
We have a wide range of goods and services offered here including local and international restaurants, convenience stores, budget hotel, car accessories, supermarket, boutique as well as healthcare and beauty centres.
This mix of businesses that appeal to people from all walks of life will draw visitors into the area, he told reporters during an agent and purchaser appreciation event here recently.
Goh also said that with the success of the first phase, the Dataran Larkin II would see the development of three additional blocks consisting of 30 triple-storey commercial units in the area.
This is the only development around the area that is offering a freehold buy and to date, we have sold 12 units within a month of launching the second phase.
The additional phase is slated for completion by the first quarter of next year, he said, adding that the gross development value for both the first and second phase, which covered 4.86ha of land, recorded over RM100mil.
Goh added that they were targeting both local and foreign buyers to take up the remaining units in the hub, developed by Asian Pacs subsidiary company Changkat Fajar Sdn Bhd.
On the current weak market sentiment, Goh said that buyers were still snapping up the lots, as the capital apprecition commercial investment is always higher than residential.
Also, this is already an established township, minimising the risk of potential stunted development of the area, he added.
