i-City in Malaysia sold before it is built

by News Desk

I-Bhd’s i-City project in Shah Alam, will be the first commercial development in Malaysia to boast of three world class data centres following strategic partnerships with Intel, Telekom Malaysia and Universiti Industry Selangor, won an MSC status for the freehold commercial township and positioned itself as an ICT-based developer.

The data centres comprise a 3,500 sq ft hosting facility catering to small and medium enterprises and two 70,000 sq ft world-class Tier 4 purpose-built ready data centres catering to global information and communications technology companies. Al Raji bank (Malaysia) agreed on Monday to purchase 36 units of i-City Cybercentre 1 office suites for RM95mil. The purchase accounted for 80% of the units completed in the first phase of i-City.

Like Nexus Norwest, Australia’s most intelligent strata office building, i-City is about doing business in a faster, cheaper and simpler way. The difference between the two is that Nexus Norwest is a third the size of i-City’s Phase 1.

Ricky Lim, I-Bhd chief innovation officer, said with i-City’s MSC status, tenants could enjoy many benefits including super broadband with Gigabit connectivity, no import duties for multimedia equipment, 15 minutes emergency response, no restriction on recruitment of foreign workers and 10-years’ tax exemption. I-Bhd is also providing 100% power backup supply in 15 seconds. All buildings in i-City will be connected.

Lim Boon Siong, I-Bhd deputy chief executive officer, adds: “I-City is on track. We are creating a special niche by investing in technology that can add value to our property and benefit our tenants and purchasers.”