Dubbed Hillpark PP10, it consists of 89 single-storey shoplots of 20ft by 60ft or 1,200 sq ft. The indicative selling price starts from RM550,000. The 2.6-acre project has a gross development value of RM52 million.
“We are launching these single-storey shop units because we see more demand now for affordable shops. Hillpark PP10 is the last commercial phase in Hillpark @ Shah Alam North,” MKH deputy property director Datuk Kenneth Chen told EdgeProp.my.
“Additionally, due to the implementation of Movement Control Order (MCO) and its variations, more people have got accustomed to online shopping and ordering food for takeaway instead of dining in. These are trends that will potentially be here to stay. As such, with new operational efficiency, floor space required by businesses will be different.
“Hence PP10 shops have been designed for small and mid-size enterprises (SMEs) within a thriving environment,” said Chen, adding that these include basic daily-needs businesses such as clinics, laundries, takeaway-focused restaurants, bakeries, grocers and cleaning services which could cater to the offices and the residences in Hillpark @ Shah Alam North.
He explained that the facade of the shops will be 18-ft high in front and 10-ft high at the back which allows for maximum natural light and more versatile use of the spaces. For instance, considering the extra high ceiling, the unit owner can add a mezzanine floor as office or warehouse space.
Hillpark PP10 has strategic accessibility to various parts of the Klang Valley through Persiaran Mokhtar Dahari, Damansara–Shah Alam Elevated Expressway (DASH), Kuala Lumpur-Kuala Selangor Expressway (LATAR), Guthrie Highway and West Coast Highway.
“The highways disperse the traffic, which enable easy access to the facilities such as hospitals and education institutions in the township,” Chen offered.
On the Malaysian property segment, Chen believes the market will be soft until end-2020 and will only enter a slow recovery phase in 2021. Nevertheless, he is confident in achieving at least 60% take-up rate for PP10 upon its official launch scheduled in September.
“We remain optimistic as we have seen a surge in demand to buy landed terraced houses after the MCO. We believe that Hillpark @ Shah Alam North is a good offer in terms of affordability, accessibility and established amenities,” Chen noted.
Launched in 2015, the 550-acre Hillpark @ Shah Alam North is nearly fully developed today, with around 95% of the housing and commercial parcels completed with certificates of completion and compliance.
“We estimate the population to grow to 35,000 people in Hillpark and its surroundings which include Saujana Utama, Eco Grandeur, Alam Perdana, the Universiti Teknologi Mara (UiTM) Puncak Alam campus and UiTM hospital,” Chen said.
Meanwhile, MKH is also planning to launch the last residential phase in Hillpark @ Shah Alam North soon. The 355 double-storey terraced houses are strategically located next to UiTM Hospital and Hillpark Avenue, the largest commercial zone in the development.