Completed in 2008, the 220-acre BSP development which stands for Bandar Sri Permaisuri has provided an ideal setting for today’s investors and home seekers to enjoy an enriched and rewarding lifestyle. Within the integrated development is a mix of commercial and residential projects alongside recreational facilities.
PPC Glomac in partnership with Datuk Bandar Kuala Lumpur developed this township located at the epicenter of Multimedia Super Corridor, south of Kuala Lumpur. Now famous as a township brimming with advanced facilities and cybernetic structures, Bandar Sri Permaisuri was successfully transformed from a sleepy area into a thriving and vibrant integrated town.
Targeted at Young Investors
Following up on its other developments such as Penara Apartment and Bayu Tasik Condominium, the developer’s next project is Bandar Sri Permaisuri SOVO. It is the township’s first small office versatile office (SOVO) aimed to attract young professionals and first time investors. Seeing that the market is ready, addition of SOVOs within the township marks a new dimension to the development. It also means growth in several ways.
Requiring only a small portion of commercial land, the leasehold Bandar Sri Permaisuri SOVO offers modest units featuring built-ups that are less than 500 sq.ft to about 1,440 sq.ft. Units are sprawled across a 0.4-acre area totalling 189 units housed within one 12-storey block. This component is also BSP’s last and final phase.
Equipped with Ample Facilities
With emphasis on practically, SOVO units follows a square design to maximize space. Each unit comes with a sliding door and ample window size on both the bedroom and bathroom. This set-up easily invites natural light in while improving on ventilation at the same time. Potential investors also have the option to choose between a picturesque lakeside view and the panoramic Kuala Lumpur City skyline.
Just like with majority of developments within the township, Bandar Sri Permaisuri SOVO boasts of basic modern amenities. Offering both commercial and residential comfort are features such as:
> a gymnasium
> conference room
> business centre
> covered parking
> sky lounge
> 24-hour security
In addition to the SOVOs are comfortably sizable retail shops measuring from 741 to 1,429 sq.ft. Price for the units is set from RM550 psf, an attractive priced especially targeted at first timers and the young urbanites. To check if the price is indeed fair enough for a SOVO-type investment, use our free price valuation guide which you can download here.
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A Balanced Live and Work Lifestyle
BSP SOVO on its own already offers a good balance of living and work. Young entrepreneurs are definitely interested as evident on the projects successful and strong pre-bookings. The record indicates more than 50% which is a decent number considering that the SOVOs won’t be completed until 2017.
Further adding to the attraction is the project’s close proximity to amenities. Right next to it is the Plaza Dwitasik where the upcoming medical centre will be situated. Also close by are shopping centres to meet day-to-day lifestyle needs which include Jaya Jusco, Leisure Mall, Tesco Extra and Mid Valley City to name a few. Nestled within these hotspots are numerous choices for dining, retail therapy and entertainment. Several schools from primary to tertiary institutions are also within reach giving the township a family-friendly touch.
A Well-Serviced Locale
In terms of connectivity, Bandar Sri Permaisuri SOVO is well-served by a number of major highways. In fact, the infamous Kuala Lumpur city centre is a mere 5 minutes away. This means that investors have quick access to more worldclass amenities and facilities. Also less than 30 minutes is Petaling Jaya and other key destinations.
Access to the township is via NPE, East-West Link and KESAS as well as Federal, MRR2 and Jalan Sungai Besi. Public transport is another option for travel as several train stations are situated conveniently close to the development.
Our Two Cents Worth
Upon completion of the development’s final phase which is the first SOVOs, the township should by then house about 16.2 acres of commercial space. This is in turn balanced by more than 8,000 homes serving approximately 50,000 residents. While the population within BSP is already diverse, the developer hopes to inject more diversification by luring young entrepreneurs and investors through the collection of SOVO units.
According to PPC Glomac’s Choong Wei Min, the project director, the BSP SOVO is a calculated risk that should bring more balance to living within the township. Choong further projects that the final component should allow discerning investors to enjoy 10% capital appreciation in the coming years.
Despite the developer’s promise that you’ll always make money at BSP, astute investors will not simply rely on hearsay but confirm the stats themselves. You can start with the township’s current and fair market value which you can accomplish using our free ebook guide below.