support@kopiandproperty.com

Advertisement Banner

Queue started at 5am and 800 booking within 5 hours?

ptlmLook at the photo. Read the sentences. At a time when everyone is so negative and think Malaysia is becoming the next Greece, this happened. According to the report, there were a few thousand people during the launch. Okay, I am not the developer so I cannot say for sure if the total bookings really exceeded 800 units. However, if you refer to the PTLM Facebook page, you would notice that there are even photos of people sleeping at the venue of the property launch because they arrived at 5am! Yes, it’s like the years of 2009 – 2012 all over again. Or perhaps it is still the same, just that people will only queue for very attractive projects?
Some details about the project? It’s called Arc Central. This phase 1 is called Liberty and will be part of the masterplanned and combined 88-acre Ampang Heights development. It’s just 10 minutes drive via AKLEH to Kuala Lumpur city centre. The Liberty development comprised of three blocks of studio office home office (SOHO) with each suite measuring 450 sq ft. All units come with one carpark bay. The total units number 1,631 suites and also 19 units of retail shop offices at the ground level which will be leased-only by the developer. Facilities include a 50-metre Olympic-length swimming pool, multi-million ringgit greenscapes and waterscapes, a 5,000 sq ft gymnasium, jogging track, squash court, tennis court and more. All units come fully-furnished and will be in move-in condition in the next 42 months. Net price starting from just RM299,000 onwards.
Hey, really near to my office but 450 sq ft meant it will not fit my family. Perhaps for the many office workers who’s from outside KL and needs a nearby place instead of driving an hour everyday, this can be a choice. Need not worry about renovation and small size meant little need to do lots of cleaning and washing. Haha. The typical younger generation of today right? If you fit the description above, it’s time to take a closer look. After all, considering the 800 units booked is true, it meant that there are still units available. Plus as usual, loan approval is not likely to be 100 percent these days. Happy reading and buying.
written on 25 Oct 2015
Next suggested article: Affordability and availability in Johor’s Bangsar?
 

Property Investment always start with knowledge. Equip ourselves with more here.

Motion arrow towards right
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Motion arrow towards right
Share on facebook
Share on twitter
Share on linkedin
Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

Advertisement Banner

Facebook Comment

0 Responses

  1. Hi Charles,
    I heard it was 40 – 50% from current market value. Can we truly believe this or it’s another catastrophe? Is the developer accountable to do the project? Just be BBB. Thanks

Leave a Reply

Your email address will not be published. Required fields are marked *

Table of Contents

Most Recent Posts

join the family

Like us for daily investment news and more

Hit the like