SUBANG JAYA (July 2): Gamuda Land — the property arm of Gamuda Bhd (KL:GAMUDA) — and Taylor’s Assets — the property investment and assets management arm of Taylor’s Education Group — broke ground for the RM540 million Haus on 15, a mixed-use development in SS15, Subang Jaya on Thursday.
Scheduled for a launch in September this year, Haus on 15 will comprise a block of purpose-built student accommodation (PBSA) and two blocks of serviced residence. It will also have a three-storey, 18-unit retail component.
Taylor’s Assets will retain the ownership of the PBSA, with this to be managed by Taylor’s Hostel Management. It will have 253 units and be able to cater 401 total beds. These would not be limited to Taylor’s students and are open to students from other universities as well.
On its ability to fill up the accommodation, Taylor’s Assets and Taylor’s Residence president Sheena Angelina said “We have no problem filling it up with just Taylor’s students itself because it offers a different vibrancy altogether. There are students who are living on campus and students who like living off campus.
There will also be two blocks of 31-storey serviced residence with 614 units. The built-up size for the units range between 550 and 980 sq ft.
In terms of project completion, Gamuda Land CEO Gim Teck Yew said the development will take a phased approach.
“We can complete it within three years. But, we want to take care of the schools nearby as well. We understand that if the school nearby has an exam going on, we will stop [construction] and then expedite during their holidays. We are not rushing to complete this. We want to blend into the SS15 community. We will put their needs ahead of our timeline,” he said. The project is expected to be completed by 2029.
Haus on 15 is a redevelopment project. The site, which formerly houses Taylor’s College Campus, will be demolished to make way for the new project. The operation of the former campus was relocated to Taylor’s University Lakeside Campus in 2018, leaving the site vacant.
“When we moved out of this location around seven years ago, this place was left vacant. Leaving assets vacant is very expensive. Our first initial thought was to create life and community as it has a thriving commercial community with [a big student population],” Taylor’s Education Group executive chairman Datuk Loy Teik Ngan said during his opening speech
“We started talking to Gamuda and they came up with a proposition that we felt was good. It continued a legacy in which we were able to use this location not as a campus, but as a continuation of our student accommodation which we are in the business. The combination of Gamuda Land and Taylor’s Assets brings together two distinct levels of expertise,” he added.
