Garden Plaza is a mixed lifestyle residential and commercial development nestled in Cyberjaya. The development consists of a serviced apartment and a retail mall namely Garden Boulevard. This development is strategically located within walking distance to Limkokwing University. The serviced apartment at Garden Plaza offers fully-furnished unit with built-up sizes range from 450 sf to 1,000 sf. There are approximately 980 apartments to be built. It boasts contemporary and modern concept, and allows buyers to choose ID layouts as preferred from 5 design options. The apartment is also equipped with full condominium facilities within the clubhouse that comprises gymnasium, swimming pool and recreational centre.The retail plaza, known as Garden Boulevard will comprise retail stores, supermarket, convenience stores and service stores for residents’ convenience including Laundromats and sundry stores. The plaza also will host wide array of cafes and restaurants. A total of 58 units are available in Garden Boulevard which varies from 1,824 sf to 5,449 sf.In terms of accessibility, Garden Plaza is served by Putrajaya-Kuala Lumpur Highway (MEX) and within mere minutes drive to Damansara-Puchong Highway (LDP), ELITE and South Klang Valley Expressway (SKVE).
Property Details
Name: Garden Plaza Address: 62000 Cyberjaya, Selangor Developer: Myvilla Development (a subsidiary of Mah Sing Group) Completion Date: 2015 (estimate) Type: Serviced Apartment & Retail Mall Tenure: Freehold No. of Blocks: 1 No. of Units Serviced Apartment: 980 Retail: 58 No. of Bedrooms Serviced Apartment: Studio - 3 No. of Bathrooms Serviced Apartment: 1 - 2 Built-up Serviced Apartment: From 450 sf Retail: From 1,824 sf - 5,499 sf Launch Price Serviced Apartment: About RM400 - RM500 psf Executive Suite (450 sf): From RM256,800
Deluxe Suite (700 sf): From RM352,800
Family Suite: From RM526,800
Facilities
Sitting pavilion Pool-side alfresco dining Swimming pool Water features Lush landscape Fitness centre Business room Multi-purpose hall Badminton / basketball court LibraryAnalysis
Clearly, Garden Plaza is developed for the students of Limkokwing University as it has a link road that directs to the university. It is well known that students in Limkokwing University are mostly from rich families and quite a number of students are foreigners. Hence, there is a potential for investors to bang into rental income for this development. However, as happened to several other apartments for students market, the price of the apartment will matured within just a few years (about 5 to 7 years) and will stop to appreciate further. There are few factors that contribute to this including losing of freshness factor, stagnant rental rate as students would not pay more, and lacking of families to buy the units for own stay. Garden Plaza has quite a few contenders in the area with the same approach – to conquer Limkokwing students' market. The Plaza and D'Pulze are both mixed developments of serviced apartment and retail mall located next to the university. Thus, oversupply may occur in the area soon after all these 3 completed.
