Building & Investment (Jan - Feb 2016) (Jan - Feb 2016) - Page 18

Project Highlight Paramount Utropolis – an integrated township built around an academic hub Paramount Property’s new project in Shah Alam offers residential units with dual-key access amid a university metropolis. PARAMOUNT UTROPOLIS is an integrated development spanning 21.7 acres of freehold land in Glenmarie, Shah Alam. Anchored by the 10-acre flagship campus of KDU University College, Paramount Utropolis is Glenmarie’s first university metropolis offering a complete live-and-learn, work-and-play concept with all the benefits that a learning environment creates. For the developer, Paramount Utropolis marks the first time two businesses of property and education have come together in one place – a perfect example of the synergies that these two businesses can enjoy. A university metropolis is a self-sustainable address that never grows old as there will be a steady influx of students. Meanwhile, the Utropolis community will enjoy spillover benefits from a myriad of activities in the KDU campus environment. The self-sustained township will offer components like: SOHOs and serviced apartments with a dual-key option whereby the owners can enjoy their own space while renting out a portion of their unit for additional rental income; and the Utropolis Marketplace – 120,000 sq ft of retail space opening around the second quarter of 2016. Paramount is currently launching Tower D (under Phase 2B) with 117 serviced 14 Building & Investment | www.b-i.biz