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Continue Reading ⋅ 30 January 2023
Urbano is the new freehold development that is coming up in Glenmarie, in the city of Shah Alam. It is a product of Paramount Property, and a development of commercial titled serviced apartments. This development will comprise only 1 block of 12 storeys, housing a total of 389 units. There will be 8 lifts to service each floor, avoiding congestion during peak hours. The minimum built-up for Urbano starts from 688 sq ft, and its launch price starts from RM495,200. The completion date for Urbano is set for the year 2020.
Address: Jalan Kontraktor U1/14, Hicom-Glenmarie Industrial Park, 40150 Shah Alam, Selangor
Property Type: Serviced apartment
Land Title: Commercial
No of Storeys: 12
No of Blocks: 1
Total Units: 389
No of Lifts per floor: 8
Tenure: Freehold
Sales Gallery: G-A1a, Utropolis Marketplace, Jalan Kontraktor U1/14, Hicom-Glenmarie Industrial Park, 40150 Shah Alam, Selangor
Site GPS Coordinates: 3.090076, 101.558461
Expected Date of Completion: 2020
Built-up area: 688 sq ft – 999 sq ft
Facilities:
- Multipurpose Halls
- Gymnasium
- Toilets
- Surau
- Laundry
- Child Care
- Management Office
- Covered Walkway
- Roof Lounge / Deck
- Swimming Pool
- Wading pool
- Landscape / Water
Launch Price: From RM495,200
Price psf: From RM546 per sq ft
Maintenance Fee psf: RM0.40 per sq ft
Parking Bay/s per Unit: 1 – 2
Project Details
Urbano is a commercial titled project that caters to city dwellers, students and property investors. This development comprises a freehold serviced apartment that will be a relatively low rise of 12 storeys. There is only one block to this development, that will house 389 units. A total of 8 lifts will serve each floor, ensuring that there will be no congestion during peak hours.
Buyers of Urbano will have 3 different types of layouts to choose from. Type A is the smallest at 688 sq ft, and it will house 2 bedrooms and 2 bathrooms. Type B is slightly bigger at 879 sq ft with 3 bedrooms and 2 bathrooms, while Type C is the largest at 999 sq ft with 3+1 bedrooms and 3 bathrooms. The starting price of Type A starts from RM495,200, while Type B starts from RM608,700. Type C units are the priciest at a starting price of RM725,000.
|
Type |
Built-Up |
No. of Units |
Indicative Selling Price |
No. of Car Park |
No. of Rooms |
|
A |
688 sq ft |
92 |
From RM495,200 |
1 |
2R, 2B |
|
B |
879 sq ft |
252 |
From RM608,700 |
All units at Level 2 and unit no. 33, 35, 37, 39 and 41 at Level 3. 2 lots for everything other than the above |
3R, 2B |
|
C |
999 sq ft |
45 |
From RM725,000 |
2 |
3+1R, 3B |
Residents of Urbano will enjoy facilities that includes a childcare centre, multipurpose hall, gymnasium and swimming pool. The grounds are also landscaped with water features. All these facilities will cost residents a maintenance fee of RM0.40 per sq ft.
Urbano is scheduled to be completed by the year 2020.
Location
Urbano is a development located in the central location of Glenmarie, within the city of Shah Alam. The development is most easily accessed by the Federal Highway after the Batu 3 toll, which was recently declared toll free. The other highways the provide convenient access to Urbano includes North South Central Link (ELITE), Guthrie Corridor and the New Klang Valley Expressway (NKVE). And then there is also the upcoming Damansara-Shah Alam Highway (DASH).
The ELITE highway connects motorists to the Kuala Lumpur International Airport (KLIA) in only 30 minutes under clear traffic. And via the Federal Highway the Kuala Lumpur city centre is also only 30 minutes away. The other suburbs of Kuala Lumpur are only minutes away via the highways. The city centre of Shah Alam is only 10 minutes away, and Subang Jaya about 15 minutes away. Then there is the township of Damansara about 20 minutes away and the Subang Airport about 20 minutes away via the Guthrie Corridor Expressway (GCE).
Public transportation is also available in the area, in form of the Batu Tiga KTM station and the Subang Jaya KTM station. And coming up in future are also the Subang Jaya LRT station. Through these public transportation systems, commuters will be able to get to KL Sentral easily without changing lines.
The advantages of living within Shah Alam is its maturity. There are institutions of education for all ages in this city, including preschools, primary schools, secondary schools and choices of tertiary education centres. Of the international schools in the area includes IOP International Preschool, Sri Kuala Lumpur Kindergarten, and Sri AD Daris Integrated Preschool. All of these schools are within a 6 kilometre radius of Urbano. The tertiary education institutes in the area includes the KDU University College within walking distance, Management & Science University, and the Taylors University.
And being as self-sufficient as it is, Urbano is also close to many healthcare institutions. These include the Darul Ehsan Medical Centre, Sime Darby Healthcare, and the KPJ Selangor Specialist Centre.
In terms of entertainment and everyday shopping, residents of Urbano will find many shopping malls close to home such as the SACC Mall, Space U8, Plaza Alam Sentral and Anggerik Mall. In lieu of hypermarkets there are the Giant and Tesco hypermarket in Section 13, and Carrefour in SS15 of Subang Jaya just 5 kilometres away.
Analysis
Urbano is a property investors dream, located as it is within walking distance to KDU University College. This is reflected through its price point below.
|
Name |
Tenure |
Price |
Built-up |
Total Units |
|
Urbano, Glenmarie, Shah Alam |
Freehold |
From RM495,200 |
From 688 sq ft |
389 |
|
Elmina Green |
Freehold |
From RM683,888 |
From 2,001 sq ft |
187 |
|
Springfield Residences @Setia EcoHill 2 |
Freehold |
From RM553,000 |
From 1,859 sq ft |
354 |
|
Cradleton @ Eco Majestic |
Freehold |
From RM596,000 |
Fom 2,019 sq ft |
612 |
Summary
Urbano is more of a student accommodation, designed for property investors. There will never be a shortage of tenants, and turnover is expected to be low.
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