Property developer Goodwill Polygon Sdn Bhd has sold most of the non-Bumiputera lots of its new commercial project called Qube in Shah Alam, Selangor, said CASB Group of Companies director Prudence Wong. Goodwill Polygon is the property arm of CASB Group.

It was not surprising as the 17-storey office building is one of few such office developments in Shah Alam since 2000. A survey conducted by CH Williams Talhara & Wong revealed that there has been no new supply of retail-cum-business development centres in Shah Alam since 2000. Thus, the critical shortage has undoubtedly contributed to the high take-up rate of the newly launched office building with retail lots.

Further, the current office blocks around the area have high occupancy rates of 98%. “Investors thus do not have to worry as we assure you a rock-solid chance in generating your income. This is due to limited stand-alone purpose-built office buildings in Shah Alam which will definitely increase the demand for office spaces, making QUBE very attractive in capital appreciation,” the property developer said.

Qube has a gross development value of RM130 million and is expected to be completed by August 2013. Strategically located in the heart of Shah Alam and next to the Federal Highway, it is set to become one of the highly sought after premier office addresses in Shah Alam. Understanding perfectly that investors would like a top-class investment, the developer has placed immense focus in making QUBE the epitome of a luxurious yet comfortable business location, and a home away from home. It features eco-friendly, high-tech facilities, revolutionary design and excellent feng shui, which contributed to promising capital appreciation.

The development occupies a 1.4ha site, of which half is for the development of the first phase while the second half is for the construction of its second building, Qube 2. The suites range between 548 sq ft and 2,300 sq ft with prices starting from RM450 per sq ft onwards. The retail lots will be leased out for rental income instead of being sold.