With the high concentration ofprivate colleges in SS15, SubangJaya, there is a demandfor student housing.
In response to this need, Link Ventures Sdn Bhd is developing Menara Rajawali, a 196-unit student housing facility, in that area.
“With Menara Rajawali, students can be assured of accommodation that is safe, comfortable and convenient. It also provides comfort to parents, knowing that their children are well taken care of,” said Konsortium Per-unding Hartanah Sdn Bhd chartered valuation surveyor Ng Kim Poh.
The building will have about 300 lots of parking space, two floors of retail area and a multi-purpose hall on the top floor.
Ng said the developer would ma-nage the retail area and they wanted businesses that would be useful to students, like a convenience store, cafeteria, restaurant, laundry, printing service or stationery store.
Facilities in the building would be catered towards the needs of students like broadband Internet access, 24-hour CCTV and security guards.
“We are also hoping to have housekeeping facilities whereby the apartments will be cleaned maybe two to three times a week,” said Ng
The developer is currently in negotiations with student housing management companies from Indonesia and Australia to manage the property.
Buyers would purchase the units on a sale and leaseback agreement for five years with a minimum return of six percent.
To date, about 75% of the units have been sold.
The project is scheduled to be completed at the end of 2009.
There will be a site launch for the property on Saturday and Sunday, from 10am to 6pm, at Jalan SS15/8 (next to Inti College), Subang Jaya. For enquiries, call 016-978 9968.