M Square, Puchong

M Square is a self-enclosed six-storey shopping mall developed by Millenium Land. It is the first phase of Millenium City’s development, aim at transforming the commercial and residential landscape in Puchong. Construction is slated to commence on the 3rd quarter of 2011, and is expected to be completed in year 2014.

M Square is located within close proximity to various matured and established neighborhood such as Puchong, USJ, Sunway, and Putrajaya. The building comprises of 6-storey housing a total of 216 units from the 1st to 4th-storey. Unit built-up ranges from 220 to 3,581 sf.

M Square is built on a 2.93-acre development with built-up of 380,000 sf, which is linked to the 255-room Hilton Garden Inn as well as a trendy 2.1 million sf street mall comprising of 13 blocks of 6-storey retail and office units. This development is deemed to be Klang Valley’s first water commercial development combining business, lifestyle and world class accommodation.

Facilities available at M Square includes business centre, club house, covered parking, mini market, malon, 24hr security. In terms of amenities, this project aims to be Puchong’s first food and entertainment hub. As such, variety and traveling is not an issue as almost everything can be obtained within the vicinity. Parking would not be a problem either as a whopping 3,250 parking bays are provided on a single floor with a 23ft high ceiling.

The enclave is high accessible as it is served by no less than 5 major highways, such as Damansara Puchong highway (LDP), Federal Highway, Shah Alam Expressway, Puchong Sungai Besi Expressway as well as New Pantai Expressway (NPE). Apart from that, the soon to be completed LRT line in Puchong will render it a breeze traveling via public transportation. M Square is also close-by Millennia City , Taman Puchong Intan , and Taman Puchong Indah .

Property Details

• Name: M Square
• Address: Jalan Puchong Perdana 2, Puchong, 47150, Kuala Lumpur
• Developer: Millenium Land
• Completion Date: 2014 (estimate)
• Type: Retail
• Tenure: {Tenure}
• No. of Blocks: 1
• No. of Storey: 6
• No. of Units: 214
• Land Area: 2.93-acres
• Built-up: 220 – 3,581 sf
• Launch Price: From RM1,700 psf

Facilities

• Barbecue area
• Business centre
• Club house
• Covered parking
• Gymnasium
• Jacuzzi
• Jogging track
• Mini market
• Nursery
• Playground
• Squash court
• Swimming pool
• Wading pool
• Tennis court
• 24 hour security

Analysis

Millennia City is said to be the future crown jewel of Puchong. Currently, there’s an existing partnership with Hilton, along with its nett built-up area of 2.45 million sf, this development presents itself as a potentially high yielding investment. Furthermore, it is located in the fastest growing district in Malaysia, especially in terms of population (1,000,000 people), as well as monthly household income and commercialization.

The development is said to bring about quality of life improvements by providing avenues for balanced work life and play, not to mention the ample job opportunities provided. Moreover, attractive financial packages have been offered to potential investors with a booking fee of RM10,000, and 0% interest during construction, thanks to the developer interest bearing scheme (DIBS).

Apart from that, there’s also the early bird rebate for as much as 10% as well as free sale and purchase and loan agreement fees. The developer has also guaranteed a 36% return upon investment.