Property Talk: A weekly column by S.C. Cheah
TAMAN Shamelin Perkasa will get a facelift with two new landmarks coming up: the Dataran Shamelin and City Hall’s big Pudu Ulu Park.
These two projects, facing each other across Jalan 4/91, will rejuvenate this area when they are completed over the next few years.
Taman Shamelin Perkasa, located at 3½ miles off Jalan Cheras (next to Menara PGRM) has grown into a matured suburban township in Cheras since it was launched in 1983.
Three quarters of the 135-acre land has been developed, with projects delivered and fully sold. It consists of 200 units of shops-cum-offices (priced around RM650,000 to RM700,000 for a four-storey block in 1984/85 - they are currently worth about RM800,000), 156 units of terraced and duplex industrial factories, the German-Malaysian Institute and Mara PolyTech College, 644 medium-cost apartments, a hostel block, 160 units of low-cost flats, 232 condo-apartment units, 240 low-cost flats and the Shamelin Business Centre, a 6-to-9 floor office block.
One may recall how empty the commercial centre was in the early 1990s. While nearby housing schemes like Pandan Indah and Pandan Perdana were coming up, many of Taman Shamelin Perkasa’s shops and office units were vacant.
Today, the image of this commercial centre has improved partly due to the presence of the Shamelin Business Centre that was completed in December 2003. It also houses the head office of Koperasi Shamelin Bhd (KSB). Taman Shamelin Perkasa is KSB’s main property development.
It is hoped that the development of Dataran Shamelin by KSB’s subsidiary, KSB Hartanah Sdn Bhd, and the 60-acre park would boost the township’s image.
The park will benefit Cheras folks as massive housing projects in the city have taken up much-needed recreational space. It will also “soften” the township’s rather dowdy mix of commercial and industrial image that needs sprucing up.
Work on Phase 1 of the theme park is in progress. It will have 700 car-parking bays and facilities such as cycling path, jogging tracksand a multi-purpose field. There will also be sculptured gardens, fountains and a garden with reflexology path.
Next to this park are the Bestari condominiums and the SK Seri Bintang Utara smart school (formerly Bukit Bintang Girls’ School). Along Jalan Cheras are the Dewan Wawasan Convention & Exhibition Centre, a badminton stadium, Jaya Jusco and two nearby LRT stations.
Dataran Shamelin, with a gross development value of RM19mil, will comprise five to six floors of retail outlets and offices. It will have an L-shaped design with three blocks: A, B and C.
This tropical themed complex sits on 0.61 acre next to the fully-tenanted Shamelin Business Centre. There will be a 14,000 sq ft open courtyard that can be used for exhibitions, flea market or promotional activities.
Each retail outlet has its own 26 ft frontage on the ground floor with area ranging from 1,500 sq ft to 1,800 sq ft, while the 33 office suites will be from 1,300 sq ft to 2,000 sq ft.
The central Block B, launched early this year, has been sold to the Pusat Pungutan Zakat (PPZ) as its headquarters for about RM7.9mil. It will also be a centre for dialysis treatment.
Block C has just been launched. The ground and first floors will be sold en bloc (but buyers will be given two separate strata titles) for RM1.2mil. Each floor is about 1,600 sq ft in size
KSB Hartanah Sdn Bhd chairman Datuk Abdul Rahim Abu Bakar said the response had been “very positive” for Block C.
Abdul Rahim, 62, also KSB chairman, was the former Mentri Besar of Pahang and has many years of experience as a civil servant before venturing into the private sector.
He was a director of public-listed companies like Kong Guan Bhd, Damansara Realty Bhd and co-operatives like Koperasi Usaha Bersatu. He is also chairman of PPZ Wilayah Persekutuan.
Since becoming KSB chairman in 1991, Abdul Rahim has resolved all of the company’s financial problems.
“Taman Shamelin Perkasa was started in 1985 but we were caught by the 1987 downturn. We’ve divested a lot of our properties in Penang and Pahang and managed to turn the company around,” he said.
Under Abdul Rahim’s stewardship, KSB is treading cautiously and is not in a hurry to develop the remaining four acres of commercial land in the township.
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