The Place @ Cyberjaya

  • Pavither
  • 26 February 2021

The Place @ Cyberjaya covers 3 acres, and it is a mixed residential and commercial development comprising small office and home office (SOHO), 20-storey duplex suites, 22-storey studio suites, and a retail podium.

The Place @ Cyberjaya covers 3 acres, and it is a mixed residential and commercial development comprising small office and home office (SOHO), 20-storey duplex suites, 22-storey studio suites, and a retail podium.

The project has a gross development value (GDV) of RM239 million, and was completed in 2015. It is developed by The Place Properties, a subsidiary of MCT Consortium. They are renowned in the construction industry, and have developed successful projects in Malaysia.

The Place features 2 separate towers with glass façade, and vertical gardens to accentuate the green and contemporary lifestyle within the development. Its green building features include the naturally ventilated retail podium, thermal storage air-cooling system, heat recovery system, and rainwater harvesting system.

The Place also provides standard facilities such as swimming pool, pool deck, garden terrace, and parking lots. The area also comes with 24-hour security.

The Place @ Cyberjaya covers 3 acres, and it is a mixed residential and commercial development comprising small office and home office (SOHO), 20-storey duplex suites, 22-storey studio suites, and a retail podium.

Address: Jalan Teknokrat 1/1, Cyberjaya, 63000 Selangor

Developer: The Place Properties, subsidiary of MCT Consortium

Property Type: Mixed

Land Title: Commercial

No. of Blocks: 2

No. of Storeys: 20 & 22

Total Units: 259

  • Studio: 190
  • Retail: 69

Tenure: Freehold

Year of Completion: 2014

Built-up Area: 544 sq ft – 730 sq ft

Facilities:

  • Swimming pool
  • Pool deck
  • Garden terrace
  • Parking
  • 24-hour security

Launch Price: From RM275,400

Launch Price Per Sq Ft: From RM450 per sq ft (after discount with DIBS)

Maintenance Fee: RM0.15 per sq ft

Project Details

The Place consists of 2 towers. There are 22 storeys in one block, and 20 storeys in the other. There are 190 studio units, and 69 retail units. The layout has 1 to 3 bedrooms, and 2 to 3 bathrooms. The built-up area start from 544 sq ft, and the launch price of units started from RM 275,4000.

The built-up area start from 544 sq ft, and the launch price of units started from RM 275,4000.

The studio suites tower units come with 3 bedrooms and 1 bathroom. The duplex tower at The Place offers similar types as the studio suites tower, but with a larger built-up size and duplex. The units were furnished with beds, dressing table and cupboard, and the kitchen was fully equipped with a cabinet, side table and oven. 

The built-up area start from 544 sq ft, and the launch price of units started from RM 275,4000.

The development has a Central Walk, which is a series of naturally ventilated retail shops. At the podium rooftop, visitors can enjoy F&B options amidst water features and landscape.

The development has a Central Walk, which is a series of naturally ventilated retail shops

Key features and facilities at The Place:

  • 69 units of retail lots with 20’ high ceiling, and adjoining alfresco area for selected lots
  • Spacious lift lobbies with more than 10’ wide corridor
  • Gardens / green pockets at all floors
  • Glass elevator
  • Naturally lit central walk
  • Landscaped sky lounges
  • Thermal storage air-cooling system
  • Heat recovery system to generate hot water supply
  • Rainwater harvesting system
  • Fully-equipped fitness centre
  • Boxing room and yoga / dance studio
  • Infinity pool
  • Multi-purpose hall
  • Study rooms
  • Theatres
  • Laundromat
  • Laundrette
  • VIP lounge

Suite Types

Details

Launch Price

Duplex SOHO Suite

Type A – Ground Floor

·       360 sq ft

 

Type A1 – Mezzanine Floor

·       170 sq ft

 

Type B1 – Ground Floor

·       360 sq ft

 

Type B1 – Mezzanine Floor

·       168 sq ft

 

 

 

 

 

 

From RM275,400

Studio Office Suite

6th – 22nd Floor

Studio SOHO Suite

Type C1

·       544 sq ft

 

Type C2

·       549 sq ft

 

Type C3

·       730 sq ft

 

Type C4

·       725 sq ft

 

Type C5

·       544 sq ft

 

Type D1

·       540 sq ft

 

Type D2

·       593 sq ft

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Location

The Place is accessible via Persiaran Apec, which provides connectivity to Lebuhraya Putrajaya-Dengkil, Maju Expressway (MEX), Lebuhraya Damansara-Puchong (LDP), South Klang Valley Expressway (SKVE), North–South Expressway Central Link (ELITE Highway), and North-South highway.

Residents and tenants can also opt to take public transport as there is Putrajaya Sentral (Putrajaya/Cyberjaya KLIA transit station) within 7km of the development.

Residents and tenants can also opt to take public transport as there is Putrajaya Sentral (Putrajaya/Cyberjaya KLIA transit station) within 7km of the development.

There are numerous educational institutions within 10km of The Place, including

Limkokwing University of Creative Technology (which is right next to The Place), Cyberjaya University College of Medical Sciences, SMK Putrajaya Presint 9, University Islam Malaysia, and many more.

There are also many gardens and recreational areas nearby, including Cyberjaya Lake Gardens (50 acres of wetland park), Cyberjaya Sports Arena, and Cyberjaya Community Recreational Club.

Accessibility

  • Persiaran Apec
  • Lingkaran Putrajaya
  • Lebuhraya Damansara-Puchong (LDP)
  • Maju Expressway (MEX)
  • Kuala Lumpur-Putrajaya Expressway
  • South Klang Valley Expressway (SKVE)
  • North–South Expressway Central Link (ELITE Highway)
  • North-South Expressway (PLUS)
  • Putrajaya Sentral
  • Express Rail Line through the KLIA Transit
  • Lebuhraya Putrajaya-Dengkil
  • Putrajaya-Cyberjaya Expressway (B15 Highway)

Education

  • Limkokwing University of Creative Technology
  • Multimedia University Cyberjaya
  • Cyberjaya University of Medical Sciences
  • Universiti Islam Malaysia
  • Open University Malaysia
  • ELC International School
  • Futurise Centre
  • SK & SMK Cyberjaya
  • SJK (C) Union
  • Seri Puteri School

Medical Care

  • Putrajaya Hospital
  • Cyberjaya Hospital
  • National Cancer Institute

Shopping

  • D’Pulze
  • The Street Mall
  • Centrus @ CBD Perdana 3
  • IOI City Mall
  • Shaftsbury Square
  • Gem-In Mall Cyberjaya
  • Tamarind Square
  • Alamanda Putrajaya

Recreation

  • Selangor Science Park
  • Cyberjaya Lake Garden
  • Cyberview Resort & Spa
  • Sports Arena Cyberjaya
  • Cyberjaya Community Recreational Club
  • Prima Avenue
  • CBD2
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Analysis

The developer opines that demand for landed properties and products in the affordable market segment have been resilient, especially in the Greater KL area.

The development has a Central Walk, which is a series of naturally ventilated retail shops

Cyberjaya stands to benefit from improvements in accessibility and infrastructure, and MCT Consortium’s properties are located close enough proximity to Putrajaya, KLIA and KLIA 2.

Cyberjaya has seen significant development over the years, driven by the presence of tech companies and universities, and well-planned infrastructure. The launch of The Place received a positive response despite being priced at about RM450 per sq ft during its launch.

The studio and 500+ sq ft units were sold out within 2 weeks. The main factors that could’ve contributed to this are its walking distance to Limkokwing University, its architecture and green concept, and DIBS (Developer Interest Bearing Scheme) where buyers only had to pay RM5,000 and the developer absorbed the remaining payments to the bank until upon hand-over.

The Place also provides standard facilities such as swimming pool, pool deck, garden terrace, and parking lots.

Listings in PropertyGuru in February 2021 show that the asking monthly rental for a 544 sq ft Studio SOHO Suite are from RM1,000 to RM1,100, while purchase prices are from RM185,000 to RM260,000.

For units purchased at RM185,000, and rented out at RM1,000 per month, the gross rental yield would be 6.48% per annum.

Here’s a look at residential properties in Cyberjaya.

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

The Place @ Cyberjaya by MCT Consortium

Freehold

SOHO

2014

544 sq ft – 730 sq ft

From RM275,400

Shaftsbury Residence by Shaftsbury Capital Sdn Bhd

Freehold

Condominium

 

2013

463 sq ft – 1,373 sq ft

From RM260,590

V’Residence by MacVilla Sdn Bhd

Leasehold

Condominium

 

2016

1,373 sq ft – 3,023 sq ft

From RM700,000

 

Opus @ Lake Vicinity by CrystalVille Group

Freehold

 

Semi-D Houses

 

2017

3,000 sq ft – 3,200 sq ft

From RM1.9 million

Aspire Residence by Syarikat Perumahan Negara Berhad (SPNB) 

Freehold

 

Condominium

 

2018

900 sq ft – 1,608 sq ft

From RM418,500

 

Cybersouth City by MCT

Leasehold

Terrace house / superlink

2018

1,959 sq ft – 2,702 sq ft

From RM629,000

Sejati Residences by Paramount Property

Freehold

 

Superlink / Villa

2019

4,202 sq ft

From 1.9 million

Maple Residence by Gadang Holdings Bhd

Freehold

Double-storey terrace house

2020

2,133 sq ft – 2,823 sq ft

From RM897,000

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Summary

MCT Consortium’s completed projects at Cyberjaya include the Lakefront, with a GDV of RM2.69bil and over 60 acres. The mixed development feature landed and high-rise residences amid a lake-front setting.

The other development is Sky Park @ Cyberjaya, with a GDV of RM1.09bil, and the 11 acres site will have a mix of residential, commercial and leisure development units. 

The Place also provides standard facilities such as swimming pool, pool deck, garden terrace, and parking lots. The area also has 24-hour security.

Cyberjaya is home to more than 150,000 employees and students, and over 500 MSC-status companies and global entities. It has come a long way and has grown to be a sustainable township. While entertainment is still lacking, there are options within a 15 to 30 minute drive. Some would question the need to live close to entertainment spots, as that would mean more noise, pollution, and traffic.

With its student population and commercial opportunities, Cyberjaya could potentially develop further and home buyers could give Cyberjaya due consideration, due to its close and fast access to Kuala Lumpur city centre.

Here are estimated loan figures for a 544 sq ft Studio SOHO Suite priced at RM185,000.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM18,500
  • Loan amount: RM166,500
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM720
  • Approximate required gross annual income: RM29,000*

* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.

Use these calculators to adjust the loan numbers!

Want to find out what’s your DSR?

To calculate your Debt Service Ratio (DSR), refer to the FREE PropertyGuru Home Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.

 

Keep browsing Malaysia’s largest property site for more project reviews.

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Eric Wong

Pavither

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