PETALING JAYA: Buoyed by the overwhelming response to its maiden education-themed mixed development project, HCK Capital Group will launch by year-end its second “edu series” project for 2017.
The edusphere incorporates an education component in the form of the Cyberjaya University College of Medical Sciences (CUCMS) which has a total capacity of over 10,000 students.
Located in the heart of Malaysia’s purpose-built smart city, edusphere sits on a 23-acre freehold plot and comprises six towers of service suites and 66 units of retail shoplots and office tower, besides the tertiary education component.
HCK Capital Group Bhd Executive Director, Clifford Hii said the decision to launch edusphere at a time when many other developers were slowing down reflected the company’s confidence in the project’s viability.
“Based on our experience with our earlier project, the edusentral in Setia Alam, buyers really liked the idea of having an education component as this helps support demand for accommodation as well as office space and retail traffic,” said Hii.
The edusentral, part of HCK Group’s “edu-series”, includes the Peninsula International School Australia, a collaboration between the Group and the Peninsula Grammar, a reputable school off Melbourne, Australia. The project also has 1,783 units of residential suites and 44 units of four-and-five-storey commercial blocks.
Hii said the Group is confident edusphere will be able to replicate the success of edusentral, which saw the first phase of its residential towers completely snapped up within hours of the launch last June.
The confidence is further bolstered by Cyberjaya’s growing popularity following the government’s recent decision to roll out 11 multi-billion ringgit initiatives there, such as the FinTech Regional Hub, the Asian Big Data Centre and the Blue Ocean Entrepreneurs Township.
In keeping with Cyberjaya’s reputation as a smart city, edusphere’s draw is underpinned by four “smart” elements, namely “smart living”, “smart energy”, “smart space” and “smart connectivity”, Hii said.
Among the key features of “smart living” is access to the country’s fastest Internet connection, which is only available in Cyberjaya. This is on top of the state-of-the-art infrastructure already available or will soon be in the smart city.
Edusphere also comes with “smart energy” features such as the use of rainwater harvesting system, energy-saving bulbs, naturally ventilated washrooms and no direct west-facing windows to cut down direct heat gain through the glass material which would help reduce electricity consumption.
The “smart space” feature of the project includes dual-key layout to allow for multi-generational living and comes with a fully fitted pantry for the annex unit.
The project’s proximity to major highways like ELITE, LDP and MEX besides rail link like the ERL, makes edusphere a “smart connectivity” development. There will also be pedestrian walkways and cycling tracks within the project itself.
Edusphere will launch three of its six residential towers, namely Covington, Foster and Northwood Suites in December. There are 800 units in total, costing from RM272,000.
“Even before our launch, we have received numerous expressions of interests from buyers. This shows their confidence in HCK Group, as an emerging developer which delivers quality products and services,” said Hii. In early October, The Edge business newspaper named HCK Capital Group as the top stock gainer in the property sector for 2017.
The first in HCK Capital Group Bhd’s “edu-series” is in Ipoh, called eduenclave. It sits on a 60-acre prime plot and will house an international school, residences and commercial property.