IOI Boulevard in Puchong, is a development by IOI Properties. In particular, it is situated in one of Puchong’s fastest growing areas, Bandar Puchong Jaya. Commercial developments has become one of the trends nowadays, where business, food, leisure and retail are combined.
IOI Boulevard consists of several blocks which has built-up ranging from 11,050 sf to 45,000 sf and this freehold development was completed in the year 2010. Other than being a retail hub, IOI Boulevard aims to help foster the local art scene by allowing budding performers and artists to display their talents, free of charge.
In addition, IOI Boulevard comprises of office, retail and an al-fresco area. There are six retail office blocks and the “Palatte”, which consists of 36 two storey retail outlets, six blocks of eight storey office outlets and a beautiful 108 × 240 ft courtyard complete with a glass canopy, water features and an alfresco sidewalk cafe area.
IOI Boulevard also comes with several facilities, whereby there are 24-hour security patrolling with 24/7 CCTV surveillance. Each of the units are also equipped with broadband and lift services are also available. Moreover, there are three levels of parking bays available offering more than 1,000 car parks for the conveniences of the owners and visitors.
Furthermore, IOI Boulevard is also located nearby to numerous amenities. The IOI Mall is located right at the opposite, while The Setia Walk is located just minutes away. The Binary College is also located in merely walking distance and there are ample of shop lots consisting restaurants, convenience stores, banks, saloons, fast food outlets and bars within easy reach.
IOI Boulevard is easily accessible via the Kesas Highway and the LDP Highway. It has a large population catchment area, and is just a few minutes drive to USJ, Subang Jaya, and Bandar Sunway. It is also an area that connects to Bukit Jalil, Putrajaya, and Cyberjaya. Neary landmarks which complement IOI Boulevard include the IOI Mall, Puchong Jusco, IOI Business Park and Binary University College.
IOI Boulevard is a lifestyle centric commercial development and it is located in a strategic location and therefore has a high investment value since it is in the fast-growing, popular area of Puchong. It has freehold tenure, which enhances its appeal to investors or businesses seeking a long term business venue or a long term investment for their portfolio.
The office lots in IOI Boulevard will display a contemporary yet classy image, so companies will find this location a boost of business. In addition, it is easily accessible and has an established potential population catchment. As it seeks to promote artists, this will attract potential visitors to the unique attractions here. This makes it an excellent location to unwind after study or work or just to get inspired.
The rental price for the units in IOI Boulevard are approximately RM600 psf for the ground floor units, while it is approximately RM350 and above for other units. The estimated rental price for each unit is RM3,800 onwards. The average built-up area is about 11,050 sf to 17,680 sf, while the corner blocks are 45,000 sf per block, making this RM17 million each.
However, there are a few drawbacks for IOI Boulevard. The main drawback is the price as IOI Boulevard is priced higher than average. As a result, some businesses and investors may find IOI Boulevard overpriced. Puchong is also notorious for traffic congestion, so IOI Boulevard popularity will increase the congestion, particularly around peak hours.
IOI Boulevard may be costly, but it is unique and can be seen by some as a good place to invest in. There may be a possibility that the value will drop in the future due to over-supply of retail outlets and commercial offices.