Last week, SDB (Selangor Dredging Berhad) invited us to an exclusive media preview of their upcoming SqWhere serviced apartments. A linchpin of the SqWhere mixed development, the proposed serviced apartments are located along Jalan Sungai Buloh, directly across the Kampung Selamat MRT station.
Lina Othman, SDB Head of Communications & Corporate Affairs, kicked off the media preview with a short briefing about the SDB vision for the SqWhere Development.
Location, Location, Location
The SqWhere mixed development consists of a 31-storey SOVO (Serviced Office, Virtual Office) tower, retail offices, a future office block, and the 27-storey SqWhere serviced apartment tower. Right next door is Mah Sing’s D’Sara Sentral mixed development.
The SDB SqWhere is linked directly to the Kampung Selamat MRT station by a 75 m long bridge. An MRT can already be seen performing a test run. The Sungai Buloh-Kajang line will, after all, be operational by the end of December 2016.
Literally around the corner are the Sungai Buloh General Hospital, and two exits to the North South Highway (PLUS), as well as the KTM railway station. As far as location goes in Sungai Buloh, this is arguably one of the choicest spots.
The downside of this location though is the Sungai Buloh light industrial located directly behind. It is expected that over time, they will be converted into more upscale developments, but that will be many years down the line.
Low Density, Lots Of Parking
The SqWhere serviced apartment tower is 27-storey tall, but consists of only 255 units with built-up sizes from 1,055 square feet up to 2,476 square feet. This is a big advantage because many developers are focusing on high-density projects which are more profitable for them, but reduces capital appreciation and rental rates.
In addition, each unit comes with 2 to 4 parking lots. Not many developments offer so many parking lots. Some serviced apartments don’t even come with parking lots!
To top it off, the SqWhere development boasts a large landscaped area covering 61% of the 2.94 acre property. A rarity in many developments, and a big plus point for any resident.
SqWhere Serviced Apartment Prices
This was a preview, so the final prices have yet to be determined. However, the indicative pricing is from RM 740 psf up to RM 870 psf. This residential tower will have a gross development value (GDV) of RM 280 million.
About 60% of the units will be of the smallest 1,055 sf size – an acknowledgement that the market favours smaller units due to the high cost of properties in the Klang Valley. The prices are higher than the Mah Sing project next door, but the SDB project is much lower in density. So you get what you pay for.
SDB SqWhere Show Units
SDB built two show units at their showroom near the SqWhere project site in Sungai Buloh. They are still waiting for their developer’s licence for this project (expected by the end of 2016 or early 2017), so we cannot currently show you our walkthrough of their show units, or the floor plans.
However, you can visit their showroom to view the show units and register your interest. The SDB showroom is open from 9 AM until 6 PM daily (7 days a week), and is located at the following GPS coordinates (3°11’37.9″N 101°34’37.4″E), and here is the Google Maps link.
We will update the article with the video walkthroughs and floor plans once we are allowed to do so. Be sure to check back later! 🙂
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