Bay Street commercial shops in Gamuda Cove is 90% taken up

A keen crowd attended the launch of Bay Street commercial shops in Gamuda Cove over the weekend, leading to a 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.

Brandon Yong, Gamuda Cove general manager is confident of achieving a full take up rate in the next six months.

He said, “There is strong demand for commercial units that are mindfully designed to cater to the nearby residential catchment; that also has good connectivity within and beyond the township.

“All of which made Bay Street an enticing investment for property investors.”

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 are scheduled for vacant possession in April 2023 and 2024 respectively.

Bay Street is also on the tourist e-tram line which connects the shops to the various residential components, placemaking attractions such as SplashMania Waterpark and future developments, making it an appealing investment property. The tourist e-tram is already up and running in Gamuda Cove.

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 allows for a wide range of tenant mix for the residents.

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.

Bay Street has a total of 47 units comprising 2 and 3-storey retail shops with built-up sizes ranging from 3,300 sq ft to 7,557 sq ft with prices ranging from RM2mil to RM3.7mil.

With good master-planning and design for the 1,530 acre-township, Gamuda Cove was awarded the 5-diamond recognition in Low Carbon City Framework (LCCF) design from the Environment and Water Ministry. This would see Gamuda Cove taking various measures from

urban planning, urban transport, energy, buildings, water and waste management in its carbon reduction strategies with a target to achieve 45% overall reduction in carbon emission.

Taking a leaf from the overall masterplan, the design of Bay Street will include pedestrian friendly walkways and bicycle lanes that encourage greener modes of transportation.

On connectivity beyond the township, Yong added, “Gamuda Cove will 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 300m 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, a 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.

Yong concluded, “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.”

To know more on Gamuda Land’s developments,visit www.gamudaland.com.my.