Northgate Commerce Square

Northgate Commerce Square as its name suggests, is a large commercial development by developer Titian Waris. The development is linked to Jalan Kuching and Pusat Bandar Segambut. The DUKE Highway also adds a greater accessibility to this development. The development is close to the city centre and has potential for rapid increase in value due to its location.A total of 78 units valued at 30 million were planned for the entire project of Northgate Commerce Square, seeing 33 units of 3 storey shops and 45 units of 4 storey shops being built. Each shop lot is valued at RM1.62 million for a 6,635 built-up, soft-launched in March 2005. Northgate Commerce Square was completed in 2009 and they have now received the individual strata title for the property. This commercial centre is located close to the DUKE highway and Jalan Kuching interchange, sandwiched between Taman Sri Kuching and Taman Bamboo. Nearby are schools, petrol stations, places of worship and other amenities to service the area.

Property Details

Name: Northgate Commerce Square

Address: Jalan Kuching, 51200 Kuala Lumpur

Developer: Titian Waris

Completion Date: 2009

Type: Shop-Office

Tenure: Leasehold

No. of Storey: 3 or 4

No. of Units

3-Storey: 33

4-Storey: 45

Land Area: 10 acres

Dimension: 26 x 88

Built-up: From 6,635 sf

Launch Price: From RM256 psf

Subsale Price: From RM331 psf

Rental: From RM1.36 psf

Analysis

Real Estate in Kuala Lumpur has always been in demand. These days though have seen an uptake on the properties on the fringes of Kuala Lumpur, such as the Jalan Kuching and Segambut areas. There have been many recent developments, each one having its own distinct advantages. In the midst of these many new developments comes the Northgate Commerce Square (NCS) with its affordable pricing in the middle of an up-and-coming section of Kuala Lumpur.Each shop unit at Northgate Commerce Square has a private passenger lift which lends the development a more upper-class feel. The design boasts clean lines and a white finish. Inside, the ceilings are high and most units are bright with many windows affording much natural light. Three private car park bays are allocated for each unit at the back of the corresponding building for convenience. The difference in price of Northgate Commerce Square since the launch indicates about a 30% appreciation within a 5 year period, which is on the lower side for these types of commercial buildings. However, due to the location of the development and the development of the surrounding areas, this property holds a great potential in terms of resale value.