Dataran Dwitasik emerges as commercial hub for Bandar Tun Razak

  • Business
  • Monday, 07 Feb 2005

By Angie Ng

DATARAN Dwitasik, the latest commercial precinct in Bandar Sri Permaisuri, is set to be the new commercial hub for Bandar Tun Razak and the surrounding neighbourhoods in the south-west corridor of Kuala Lumpur with a population of over one million people. 

With the project’s launch in December last year, the township will soon come alive with its own commercial thoroughfare and its array of banks, food and beverage outlets (including restaurants and bistros), and other retail outlets. A weekly flea market is also in the offing.  

Construction of the RM130mil commercial hub will kick off soon for completion by the end of 2006.  

Wan Mohamed Yaacob Datuk Wan Salaidin with the model of Bandar Sri Permaisuri.

So far, some 75% of phase one of the 128 shop offices have been sold. The two-storey units with built-up of 1,780 sq ft are priced from RM388,000, the three-storey units with built-up of 4,950 sq ft are from RM850,000, and four-storey units of 6,600 sq ft from RM1.05mil. 

The huge population within the township and the surrounding areas offers unlimited opportunities to business and investment alike. With its competitive pricing and the excellent design for maximum usage of space, good capital appreciation can be expected.  

Since the launch of the 80 three-storey shop offices in the Bandar Sri Permaisuri shopping village in 2002, the prices of these units have appreciated from RM788,000 to close to RM1mil.  

Dwitasik Sdn Bhd executive director Wan Mohamed Yaacob Datuk Wan Salaidin said properties in Bandar Sri Permaisuri had generally appreciated by between 20% and 30% while rental yield was about 7% to 8% per annum.  

He said the company was dedicated to enhance the lifestyle of the residents and would put in place the necessary facilities for the growing population.  

“In line with our vision to build quality homes that come with all the basic amenities of modern living, we also strive to provide value-added facilities and services that will improve the capital yield and demand for the properties here,” he noted. 

Among the facilities and institutions that are operational are three primary and secondary schools, a vocational training institute, and a hostel for trainee teachers.  

A four-acre site has been designated for a market and hawker centre.  

There are many pockets of ongoing developments in the south-western corridor of KL such as in Pandan Jaya and Cheras, and these augur well for the potential growth of the township.  

Its accessibility has been enhanced with the East West Link Highway linking to the Kuala Lumpur-Seremban Highway while travelling to the city centre has been made easy via the old Sungei Besi road and the northern access link.  

The township is also served by the STAR-LRT lines. The three stations located in the vicinity are in Cheras in the north boundary of Bandar Sri Permaisuri, Salak South (centre west) and Bandar Tun Razak (south). 

This former tin mine of Yap Ah Loy is preserved to be developed into a recreational lake and parkland for Bandar Sri Permaisuri folks.

Residents also get to enjoy their recreational pursuits by the lakes and the vast landscaped parkland.  

According to Datuk Jeffrey Choong, managing director of project turnkey contractor PPC Glomac Sdn Bhd, the development of Bandar Sri Permaisuri has been carefully planned in keeping with the environmental concerns. The two lakes in the township with a total of 45 acres have been conserved for storm water catchment and recreational pursuits. 

A 37-acre parkland will meet the residents’ recreational, educational and leisure needs. The area will make up 17% of the total project size, higher than the mandatory requirement of 10%.  

Some RM1.4mil has been spent on the parkland to date and another RM2.5mil will be spent later.  

Choong said residents could also have easy access to Kuala Lumpur’s third largest public recreational parkland when a proposed jogging track would connect Taman Tasik Permaisuri in nearby Bandar Tun Razak to the parkland in Bandar Sri Permaisuri. 

He said not many people might know the historical significance of the 30-acre lake within the township.  

“It is the first tin mine operated by Chinese Capitan Yap Ah Loy and we have taken the initiative to preserve its historical value by landscaping the lake area and the surrounding park vicinity. The residents appreciate the effort and have taken to the parkland quite readily,” he noted.  

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