KUALA LUMPUR (Oct 29): IOI Properties Group Bhd (KL:IOIPG) has unveiled the 100-acre integrated development IOI Rio City located within its Bandar Puteri Puchong township in Puchong, Selangor, at a media showcase held at the Four Points by Sheraton Puchong on Tuesday. 

Along with the masterplan, the developer has also unveiled IOI Mall Rio, a new shopping mall at IOI Rio City that will have one million sq ft of net lettable area and over 300 retail units. 

With a total gross development value of RM12 billion and a 12-year development period, IOI Rio City will have residential, office and retail components as well as an existing 10.93-acre urban park. 

A total of 1,600 residential and commercial units will be developed within the first five years of IOI Rio City's development, said IOI Properties chief operating officer of property development (Malaysia) Teh Chin Guan during the event.

According to IOI Properties senior general manager Chung Nyuk Khong, IOI Rio City's design philosophy draws inspiration from the developer's IOI Central Boulevard Towers and South Beach integrated mixed-use development in Singapore and will be complemented with "facilities that bring work, innovation, learning, health, wellness and entertainment to the community".

IOI Properties is collaborating with US-based architecture and planning firm Arcadis US Inc for IOI Rio City, which will be designed to be community-centric with a 15-minute city concept. The integrated development will be connected to key amenities nearby such as the Taman Perindustrian Puchong LRT station and Puchong Financial Corporate Centre via shaded street-level walkways, bicycle lanes, bicycle nodes as well as link bridges, according to the developer.

As for IOI Mall Rio, IOI Properties chief operating officer of property investment (Malaysia) Chris Chong said that the mall will offer a curated tenant mix of food and beverage, lifestyle, fashion, electronics, and entertainment brands, conveniences, a convention centre and a sports hall. Construction works for the mall will start mid-2026 and it is expected to open in 2030. 

“We are targeting a younger, vibrant crowd in tune with Puchong’s changing demographics, while differentiating it from IOI Mall Puchong, which will continue to serve the surrounding community with dining and essentials,” said Chong.

IOI Properties had previously launched the first phase of the masterplan, 7.9-acre IOI Rio, back in 2020. IOI Rio comprises offices (2Rio Office Park and 2Rio Tower), a serviced apartment (2Rio Residence) and retail shops (2Rio XChange). The office and retail components were launched in 2020 and completed in 2021 whereas the serviced apartment was launched in early 2024 and slated to complete in 2025.