Bay Street Commercial Shops in Gamuda Cove achieves 90% take-up rate

PETALING JAYA: Gamuda Land’s Bay Street commercial shops in Gamuda Cove achieved a 90% take-up rate following its launch over the weekend.

“There is strong demand for commercial units that are mindfully designed to cater to the nearby residential catchment; that also have good connectivity within and beyond the township. All of which, made Bay Street an enticing investment for property investors,” Gamuda Cove general manager Brandon Yong said in a statement.

Located a mere 10 minutes walk from Palma Sands homes, Bay Street is also across the road from Maya Bay Residences.

Both residential components have close to 1,500 homes and is scheduled for vacant possession in April 2023 and 2024 respectively.

Upon completion of Bay Street in 2026, the commercial shops will then be catering to more than 2,600 homes in Gamuda Cove. Its non-strata titles allow for a wide range of tenant mix for the residents.

Gamuda Land said in the next 15-20 years, Gamuda Cove is projected to house 100,000 residents and 20,000 homes.

“This is in addition to the projected two million visitors annually from eco-tourism and placemaking initiatives that Gamuda Land has carefully put in place such as the newly opened SplashMania Waterpark which already attracts more than 75,000 footfall per month on average.

“Other placemaking such as Paya Indah Discovery Wetlands, outdoor adventures such as the Goosebumps Rope Course and the Cove Aerobar adds to the vibrancy of Gamuda Cove,” it said.

Yong said Gamuda Cove would have direct access to Cyberjaya via a new toll-free link road. Reducing the commute between Gamuda Cove and Cyberjaya considerably to 2km, it is expected to be ready by 2025.

“Bay Street is planned to be only 300 metres away from this new link road.”

This would give Gamuda Cove a population catchment of 650,000 from immediate neighbourhoods within a 10-kilometre radius as well as a working population of 103,000 from KLIA, Cyberjaya and Putrajaya.

Additionally, road upgrade to enhance a link road that connects Gamuda Cove through Jalan Kampung Sri Cheeding to twentyfive7, Kota Kemuning is underway.

This connectivity allows residents at Gamuda Cove to benefit from the amenities and services at twentyfive7, Kota Kemuning and the surrounding developments to access healthcare, education, retail and commercial services.

“We believe that when we stay true to our development principles to create a good, vibrant and sustainable town, we are also creating value for our community,” Yong said.