[sponsored] These days, if we are looking at commercial properties, beyond just the typical specs (which we will look at later in the article), we needed to also look into 4 important factors too. Let’s understand that we may have the best business plans but we really needed to have the highest understanding that what we bought could be completed on time and as per specifications.
#1 – Who’s the developer?
The very first factor is to look at the developer behind the development. When we look at the current COVID-19 pandemic, our investment may be safer with an established developer. For example, if we are looking at developers who are listed, then it is super important to look at its financial results over the years. This gives us a good idea about the status of the developer and reduces the possibility that the developer may suddenly abandon the project halfway.
#2 – Where is the location where the commercial property will be built?
Most of us would prefer to support businesses which are nearer to our home versus driving 20km away just to buy something. This is why when it comes to commercial properties, it is best that it is situated within a mature neighbourhood and thus would have a ready catchment area. Now, the success of the business would just depend on your business plan instead of on whether there are customers or not.
#3 – Lifestyle will be the future
These days, lifestyle is in everything we do. Just look at the younger population of today. When they jog or cycle, they will prefer to have jogging track around the neighbourhood and not on the main road shared with many cars. When they need to find a place to rest during their exercise, it’s best to be in a garden with lots of greenery and comfortable benches. Remember the days when people were okay with just a green grass field? It’s no longer sufficient today. Commercial developments have also moved on from just a few row of shop houses to integrated developments within townships.
#4 – Connectivity is key
It is essential that people could walk to your shop. Beyond that, there should also be road access and connectivity to the commercial development. Even more importantly would be the distance of the business to nearest public transportation stations. This will future proof the future potential because the growth in people using public transport would continue growing with even more lines connected to one another.
Regardless of the commercial development we intend to buy, these 4 factors should feature prominently in how we choose a good project to buy. Last but not least is to ensure we are not buying an overpriced property as well. Do a thorough due diligence, check out the typical pricing for similar properties elsewhere and compare and contrast prior to buying.
An Intro to IOI Rio township
Today, let’s look at a major developer in Malaysia’s latest new integrated development. IOI Properties’ Rio Development Concept. RIO stands for ‘Rejuvenated, Innovative and Original’. It integrates mixed use components such as retail outlets, office towers and service apartment. Integrated developments offer placemaking opportunities.
Rio is an 80-acre freehold mixed-use lifestyle development. Very briefly, it integrates residential, commercial and recreational spaces all into one. The location is in Bandar Puteri Puchong which is a mature township with lots of businesses, major banks, amenities and eating places too. When it comes to buying into any mixed-use developments, it is important to look at its actual location too.
Mature township
Briefly, if we have retail outlets right next to the residential development but we could only reach those retail outlets if we drive, then there is no benefit to both the retail outlets and the residential development as both would not be supporting one another.
This is why Rio takes this into consideration and the development focuses on optimizing the use of space by encouraging walking and cycling. This not only helps to convert space into a place but it reduces the reliance on cars and motorcycles and thus reducing carbon emissions. By the way, it’s not just environmentally friendly, how many of us would love to walk along a road where the cars kept passing us and we kept breathing in all these unhealthy air around us?
Design Advantage
At Rio, the buildings are designed on vertical orientation. This gives the advantage of space for the owners and yet the footprint becomes smaller. This helps to give more space at ground level for community-friendly amenities such as parks and wide landscaped avenues. In turn, when it becomes a community space, this creates a vibrant environment.
Comfortable environment and full of greenery
In fact walking around will be comfortable because there would be shaded walking and cycling path and this gives priority to pedestrians and cyclists. This is the time to dust off that bicycle or the sports shoe you have not had the chance to use for a long time. The walking paths are on ground and above ground as well. Remember, healthy lifestyle, healthy us.
Within Rio, there are also an abundance of green spaces which will create a refreshing oasis for city folks. These include parks, playground and courtyards. All these green public areas are interconnected with walkways and when we arrive after a brisk walk, we arrive at the sprawling Central Park. This is how communities get connected to one another. This is also where we get to know even more neighbours and children get more friends.
For everyone who’s walking and cycling, you will be pleased to know that the walking and cycling path is integrated with green buffer zones, crossing through pocket parks for the soothing sights of greenery. Sometimes, life really is about enjoying the outdoors in a safe environment and at the same time staying healthy for the future. Take advantage of these amenities and conveniences please.
Connectivity
There are two (2) LRT stations within walking distance and there is also a shuttle service serving the city too.
Smart conveniences
For owners at Rio, you will also get to enjoy the following smart conveniences too:
– Smart Security
– Connected Community
– Smart Mobility
– Smart Homes and Offices
– Smart Energy and Waste Management
Are You An Aspiring Techpreneur?
Come & Join The IOI Kickstart Programme!
If you’re an aspiring techpreneur innovating change in the real estate, food tech or agriculture sectors, we’re looking for you! Come join us and use our place at IOI RIO as a launchpad for your business. We’ll help you set your operations up for success, accelerate your research and development, mentor you and share our resources, so you can bring your ideas to market faster.
– Start-up Grant of RM50,000*
– Business Mentoring by C-level leaders*
– Special Rental Rates from RM1 per year*
Submit your proposal at IOI Properties Kickstart (click here)
Latest launches
The latest launch within IOI Rio would be 2 Rio Office Park and 2 Rio Office Tower.
More details as below:
| FACT SHEET – 2 RIO , BANDAR PUTERI PUCHONG | |
| Project Name | 2 RIO Office Park |
| Property Type | Retails /Offices Consist of 14 blocks with 5 storey for intermediate units & 7 storey for 2 corner units |
| Total Units | 28 units of retails (ground &1st floor) 46 units of offices (2nd-7th floor) Dual frontage Each unit come with lift |
| Project Size | Approximately 6 acres |
| Location | Bandar Puteri Puchong |
| Land Tenure & Title | Freehold Strata title |
| Built-up Area | Retail units on ground floor to 1st floor: built-up varies from 1,536 sf to 2,315 sf Offices units from 2nd floor onwards: built-up varies from 1,911 sf to 2,570 sf |
| Exp. Launch Exp. Completion | Nov 2020 Q2 2021 |
| Salient Points | • Matured area with vibrant business activities • Low carbon sustainability development • Optimizes infra-structure & reduces carbon-footprint • A lively mixed-use district that based on sustainable concepts walkable & cycle-friendly spaces amongst leafy streetscapes & lush open spaces • More parks, pocket greens and landscaped avenues • Seamless connectivity to a network of parks, open spaces, playgrounds, courtyards & street level retail outlets • Smart detection of traffic volume to smoothen traffic flow • Secondary pedestrian linkages • Dedicated bicycle parking nodes • IOT driven public surveillance • Integrated, safe primary pedestrian and cycling paths for people friendly city |
| FACT SHEET – 2 RIO , BANDAR PUTERI PUCHONG | |
| Project Name | 2 RIO Office Tower |
| Property Type | Building: 1 block Floor: 12 storey (level 3-14) Level G: 29 Retail shops Level 1&2: Car park floor |
| Total Units | 180 unit office units 15 units per floor 4 lifts |
| Project Size | Approximately 6 acres |
| Location | Bandar Puteri Puchong |
| Land Tenure & Title | Freehold Strata title |
| Built-up Area | 15 types of built-up vary from 866 sf – 1,616 sf |
| Exp. Launch Exp. Completion | Nov 2020 Q2 2021 |
| Salient Points | • Prestige arrival lobby with designer arrival lobby with turnstile system • Matured area with vibrant business activities • Low carbon sustainability development • Optimizes infra-structure & reduces carbon-footprint • A lively mixed-use district that based on sustainable concepts walkable & cycle-friendly spaces amongst leafy streetscapes & lush open spaces • More parks, pocket greens and landscaped avenues • Seamless connectivity to a network of parks, open spaces, playgrounds, courtyards & street level retail outlets • Integrated LRT stations with pedestrian network with other transport modes – bicycles, cars, taxis & buses |
Serious consideration means asking lots of questions to the developer sales team. Only after understanding that we should decide on ‘buy or no buy.’ Call the marketing and sales office and drop by IOI Galleria @ Puchong. Contact information as below.
Website: IOI Properties Rio (click to know more)
Scan QR Code for more info:
Marketing & Sales Office
IOI Galleria @ Puchong
Lot 5465, Persiaran Lebuh Puteri,
Bandar Puteri Puchong, 47100 Puchong, Selangor.
T: 603-8060 8833
F: 603-8060 8822
A Township Developed by
IOI Properties Group Berhad
Developer
Flora Development Sdn Bhd
(A Subsidiary Company of IOI Properties Group Berhad)
Leave a Reply