The Qube, Shah Alam

The Qube is an office-suites cum retail mall development located in the fast-advancing enclave of Seksyen 13, Shah Alam. This RM130 million project is sited on a 1.27 acres of leasehold land and adjacent to vibrant new developments of Alami, TTDI Adina, and Menara U, which will be easily spotted fronting the Federal Highway.

Dubbed to become the new landmark in the area, this 17-storey tower comprises 3-storey of retail mall at its base and 12-storey office tower. It has a total of 200,000 sf built-up size (with typical plate size of 14,500 sf) and comes with 4 levels car park bays with a total of 600 parking bays.

The Qube has a total of 208,478 sf of office space and 41,668 sf of lease-only retail space. Its retail outlets will be a mix of F&B outlets, banks and a gymnasium. In addition, this modern building is well-equipped with high-tech business facilities including superb internet access with WiFi, WiMAX, and fibre optic backbone, individual access card, turnstile card access, a delegated access to special corporate floor and CCTV surveillance on every office floor, retail area, car park and common area.

Besides being modern, The Qube is also ‘Green’ as it features lush greenery surrounding the building, and it has a roof top garden for relaxation. It also incorporates solar electric system, water conservation features, highly efficient lighting system at common area and some of its walls are insulated against sun heat.

Property Details

• Name: The Qube
• Address: Seksyen 13, Shah Alam
• Developer: Goodwill Polygon (a subsidiary of CASB Group)
• Completion Date: 2014 (estimate)
• Type: Office-Suite & Retail
• Tenure: Leasehold
• No. of Blocks: 1
• No. of Storey: 17
• No. of Units: 145
• Built-up: 548 – 2,379 sf
• Launch Price: About RM450 psf

Facilities

• 24-hour security
  • Card access system
  • CCTV surveillance
• Business convention centre
• WiFi, WiMAX & fibre optic high-speed internet backbone
• High speed lifts
• F&B outlets
• Car parks (4 levels)

Analysis

This enclave is dubbed to become the new commercial hub of Shah Alam, as it is strategically positioned just next to Federal Highway with high visibility and easy accessibility.

Besides that, The Qube is well surrounded by a vast array of amenities within less than 5 minutes driving including Tesco Shah Alam, Tesco Extra Shah Alam, Kelab Shah Alam, Darul Ehsan Aquatix Club, Shah Alam Stadium, Malawati Indoor Stadium, Go-Kart Track and MBSA Extreme Park. Plus, the new Management and Science University (MSU) is just minutes of walking away.

The Qube can be easily accessible via Federal Highway. It is also near to the access of North South Expressway Central Link Highway (ELITE), Shah Alam Expressway (KESAS) and New Klang Valley Expressway (NKVE). Furthermore, it is less than 5 minutes driving to Batu Tiga KTM Komuter Station.

Professor Master David Koh has made a claimed in a statement saying that “The Qube’s orientation and design taps the living energies in the vicinity to enrich the owners, operators and the dwellers’ prosperity”. His recommendation is indeed has become an inspiration for buyers, as the office units were sold over 70% within a week.

Since the past 5 years, there are rapid property developments along the Federal Highway strip from Shah Alam to Subang Jaya comprising residential and commercial developments. And the prices for these new developments have tremendously moved up, and even a new studio apartment development here is tagged at about RM450 psf.

Alami, a shop-office cum retail development comes with a sub-sale price tag of RM360 psf. Meanwhile, Tadisma Business Park is currently being asked at around RM607 psf. Thus, the launching price of The Qube at RM450 per square foot seems like a good deal.

Mind that the current launch of The Qube is just the first phase of the entire development. The Phase 2 development of The Qube, which is sited next to it is already in the pipeline – which will contribute for definite appreciation for the first phase. The entry price is right for investment as the future appreciation.

According to a market survey made by the renowned real estate consultant CH William Talhar & Wong; there are less than 10 purpose built office buildings in Shah Alam and the average occupancy rate is over 98%. Adding to the average rental rate in the area at about RM3.00 to RM3.50 psf, hence The Qube will definitely be a sound investment for rental.