IOI Properties Group launches second phase of Conezion Commercial
IOI Properties Group Bhd (IOIPG) is opening its second phase of Conezion Commercial at IOI Resort City, offering an additional 160 units of shop lots and offices to the market.
This was in response to the overwhelming demand for Phase 1, where 90% of units offered were sold within 12 months.
The launch event for Conezion Commercial Phase 2 will be held on March 1-2 at Starbucks in Block A1.
Visitors can enjoy exciting activities such as a feng shui sharing session by Supreme Fortunity Sdn Bhd’s Master Suyen Lim, a zodiac clay workshop and more.
Located just 700m from IOI City Mall in Putrajaya – touted as Malaysia’s largest mall with an annual footfall of 20 million visitors – Conezion Commercial is a sizeable integrated development comprising a total of 424 shop and office units, with close to 1,000,000sq ft of net floor area.
Featuring an elegant 4.5m cantilevered terrace overlooking the Palm Garden Golf Course, the development enjoys high visibility with direct frontage to Lebuhraya Putrajaya-Dengkil-KLIA and connectivity to the South Klang Valley Expressway (SKVE).
Conezion Commercial is supported by more than 2,000 car park bays with lifts and escalators serving the development.
A new access road directly connecting to Uniten Putrajaya campus is currently under construction, offering accessibility to more than 7,000 university students upon completion, on top of the existing catchment population.
“Conezion Commercial is our first integrated commercial development at IOI Resort City,” said IOIPG central region property development director Ho Kwok Wing.
“Fully completed with an existing occupancy rate close to 70%, this thriving commercial hub is managed by our award-winning IOI leasing team, boasting an impressive lineup of existing tenants including international brands like Starbucks, Watsons, Carsome, Peugeot, Mazda and more, alongside a very mature office community.
“With its sizeable scale, prime accessibility and steady footfall from onsite residential components and surroundings, Conezion Commercial presents a golden investment opportunity in a growing address.
“Purchasers can enjoy the security of having immediate rental returns by buying completed units that come with ready tenants while benefiting from future appreciation, fueled by the proposed expansion plan that IOIPG has put in place for IOI Resort City.”
Potential upside from expansion
Conezion Commercial’s catchment population and commercial potential are set to grow even further with the township’s next stage of planned development.
Complementing its vibrant existing retail, leisure and residential offerings, plans for the second phase include 1,000,000sq ft net of lettable area expansion for IOI City Mall, a proposed 10,000 capacity concert hall, a 68-storey iconic tower with office components and a luxury international hospital brand – all within walking distance to Conezion Commercial.
Along with a wide range of infrastructure upgrades, the planned expansion positions IOI Resort City as a premier integrated lifestyle destination in Southern Klang Valley, enjoying a higher visitor footfall and a growing resident and working population.
“The launch of Phase 2 represents a golden opportunity to find your nest egg at Conezion Commercial if you missed your chance in Phase 1,” said IOIPG group sales and marketing and branding head Nicole Lee.
“With the upcoming expansion plan in IOI Resort City and IOIPG’s Buy with Tenant programme – which provides immediate rental income of up to 7% without the hassle of tenant hunting – investing has never been so easy.
“Phase 2 offers some of our best tenants in the unit selection, such as Starbucks, Watsons, MyNews, emart24, Zus Coffee, Tealive and Gloria Jean’s Coffee, to name a few.
“There are also units available for own use, so you can talk to our sales consultants today to grab the chance at becoming a landlord of these premium brands and take part in the growth story of IOI Resort City.”
Buyers seeking commercial units at Conezion Commercial for own use can leverage the expansive built-ups from 1,292sq ft to 7,244sq ft for shop lots and 1,539sq ft to 4,273sq ft for office spaces, with versatile open layouts conducive for a wide range of business and enterprise needs.
Units in Phase 2 are located in Block A, L, M and N, offering prime visibility to surrounding roads such as Lebuhraya Putrajaya-Dengkil-KLIA and Persiaran IRC 3.
All four blocks feature five-storey freehold strata shop and office units served by a lift, with Block L, M and N offering units overlooking Lebuhraya Putrajaya-Dengkil-KLIA.
The commercial hub’s interior roads enhance its dual frontage concept while promoting al fresco retail opportunities, with surface parking and a centre courtyard ensuring convenience for customers.
Owners, visitors and residents alike benefit from the pull factors of IOI Resort City and its surrounding areas, including IOI Resort City Central Park, Hospital Serdang and more.
Conezion Commercial’s strategic location delivers connectivity to numerous major routes, including SKVE, Damansara Puchong Expressway and North-South Expressway, along with a large catchment population from surrounding areas such as Putrajaya, Cyberjaya, Kajang, Bangi, Seri Kembangan, Puchong and Sepang.
To learn more about Conezion Commercial, click here or call 03-8328 2129 to arrange a unit viewing.