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Pangsapuri completed and under construction residential projects & high-rise living



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Old January 21st, 2008, 03:03 AM   #21
patchay
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Mideast investor keen on project
TheStar 21 Jan 2008

By FOONG PEK YEE

Negotiations are under way with a Middle Eastern investor for the en bloc sale of the two remaining blocks of the upmarket D’Rapport Condominium project along Jalan Ampang here, said Acmar International group chairman Datuk Abdul Samad Maharuddin.

The project, jointly undertaken by Permodalan Negeri Selangor Bhd and Perspektif Masa Sdn Bhd, a member of Acmar International, comprises five blocks offering a total of 1,099 units.

Sales had been very encouraging since the first three blocks (A, C and E), comprising 689 units, were soft-launched last month, Abdul Samad said.

“We expect to sell 40% of these units by end of this month,” he said at the signing of an agreement of RM125mil credit facilities between Perspektif Masa and Sabah Development Bank Bhd last Friday.

The current selling price for D’Rapport averages RM700 per sq ft, and the units are priced from RM700,000 each.

D’Rapport, located within the vicinity of several embassies, international schools and hospitals, is just a few minutes' drive to the city’s business district and landmarks like the Petronas Twin Towers.
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Old January 21st, 2008, 04:09 AM   #22
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a very low profile project......
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Old January 23rd, 2008, 01:14 PM   #23
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City & Country: Korean partners for D'Rapport
21 Jan 2008: By Yap Yew Jin
THEEDGEDAILY

More South Koreans are participating in the Malaysian property scene, particularly in joint ventures with local developers. This is an upcoming trend due to the number of Koreans in our country and following the relaxation of rules on foreigners investing here. There is currently about 30,000 Koreans living and working in Malaysia, with about 15% concentrated in Ampang in the Klang Valley, and the rest in major cities across the nation.
In May last year, IT manufacturing company Hanju I & D Co Ltd purchased 204 units of Berjaya Group's Savanna condominiums in Bukit Jalil for RM64 million, which was then repackaged and relaunched by the former to Korean investors and senior citizens interested to make Malaysia their second home. And in December, Sunway City Bhd sold its 249-unit luxury condominium project, Sunway South Quay, for RM170 million to Luxury Court Sdn Bhd, a joint venture between property developer CI Korea and Daol Fund, which is South Korea's First Real Estate Management Specialists with US$10.7 billion (RM35.1 billion) asset under its management. These two unions strongly signified that more Koreans are looking to put their money in the Malaysian property market.

One of the latest joint venture between the two countries involves Klang-based Acmar International and Korean property development and construction company Menos 21 Co Lte, to develop D'Rapport @ Ampang, a high-end freehold condominium project right in the heart of Malaysia's Korea Town. It is located next to the Korean embassy and opposite Great Eastern Mall in Jalan Ampang, Kuala Lumpur.

Menos 21 arrived in Malaysia 10 years ago but was approached by Acmar only three years back. Through mutual understanding and the good location of the piece of land, the two entities form a strategic business alliance to develop the project, along with Perbadanan Kemajuan Negeri Selangor (PKNS), the landowner. While Acmar will be handling the construction, its Korean partner will be in charge of designing as well as marketing the product.

Acmar has been involved in the automotive business in Klang since 1979 but later diversified into property development and management, construction, leisure and entertainment, education, healthcare and warehousing. It boasts an annual turnover of over RM200 million and existing landbanks with an estimated gross development value (GDV) in excess of RM1.5 billion.
The group has completed several residential and commercial projects including Taman Jati in Jeram, Taman Cempaka in Banting, Wisma TLT in Klang and Acmar Villa in Ampang. Its ongoing projects include Taman Putra Impiana in Puchong, Bandar Baru Klang in Klang and Kemensah Indah in Melawati.

Its group managing director Datuk Steven Tee says since D'Rapport is the group's first high-end project, a certain degree of standard and excellence must be set to draw purchasers to the development. "The quality and finishing of our condominium development is very important and the design has to suit the taste of foreigners, particularly Koreans, who would be our main target buyers," he tells City & Country.

Two phases
D'Rapport comprises two phases, the first targeted for launch next month followed by the second next year. The first phase called Festa is situated on a 9.12-acre tract and consists of five condo blocks of 1,099 units, sized from 1,100 sq ft to 2,300 sq ft. There are also eight penthouse units of 4,400 sq ft each. Prices range from RM700,000 to RM1.5 million (averaging RM700 to RM800 psf) for a GDV of RM1.5 billion. Maintenance fee is tentatively fixed at 25 sen psf.

Tee explains that at first glance, the development might seem highly dense but that would not be the case when taking into account both phases. "The approved layout plan is on a 62.5-acre tract, of which 44 acres would be for the development of D'Rapport. This would come out to a density of about 50 units per acre for both phases," he says. The number of units for Heros' second phase has yet to be determined. A 25-acre flood mitigation pond separates the two phases, and the group intends to invest about RM3 million in beautifying and upgrading it into a recreational park for the residents.
Location-wise, he says the project is situated 3km away from the city centre and is surrounded by amenities including shopping malls, international schools, a medical institution and about 50 embassies and foreign legations. Festa will have three half Olympic-sized swimming pools, a 650m jogging track and about 2,409 car park bays within the development.

"For any project, location plays a very important role, while easy access and convenience are some of the other things (foreign) buyers look for," says Tee, adding that the development would have direct access to the KL-Ampang Elevated Highway, and hence it is only five minutes away from KLCC.

He says the group is in negotiations with several Arab, Hong Kong and Korean parties for en bloc sales of two blocks of the development. About 30% of the remaining 689 units in Festa have been sold, with 40% of the buyers consisting of Koreans. "We also held roadshows in Singapore, Hong Kong, Indonesia, and of course South Korea, as we are targeting 40% to 50% of the development at them," he offers, adding that he hopes to achieve 50% sales after Chinese New Year.

Tee is confident D'Rapport would be well-received because of its competitive price as developments within the KLCC area have breached the RM2,000 mark. "In fact, we believe the value of the units in D'Rapport will appreciate by 30% within the next year and almost double upon its completion in three years," he says.

He adds that although condominiums in Mont'Kiara are priced slightly lower, at RM600 to RM700 psf, many buyers still prefer to purchase properties closer to the city centre.

On the property outlook for this year, Tee says there is strong potential in the high-end property market as there is a shortage of such developments. "There are too many low to mid-end properties in the market with the demand for high-end properties still high," he says, adding that foreigners, especially those from the west and Middle East, are always looking to invest here as Malaysia has one of the lowest property prices in the region.

The group is planning to launch a high-end mixed development in Shah Alam in the future, depending on the market conditions. "However, we would now like to focus on our D'Rapport project, as that would last us another five years," says Tee.

Malaysia popular for Koreans
Korean Press director John K T Kim says Malaysia is the second-most popular destination for Koreans investing in real estate abroad, just behind the US. "Many of them are looking overseas because Korean real estate is very expensive due to a shortage of land there," he says. Launched in 2000, Korean Press is a bilingual information website and newspaper for the Korean community in Malaysia.

Kim says condos in the Golden Triangle of South Korea (areas such as Kangnam and Kangbuk in Seoul) are priced at about RM10 million for a 2,000 sq ft unit, which is equivalent to about RM5,000 psf. "However, that is only the average price as high-end ones are priced at RM10,000 psf to RM50,000 psf and up to RM100,000 psf for top-end properties," he adds.
He also says the high tax incurred by Koreans buying more than two properties in their homeland is forcing more to seek elsewhere for property investment and living. "They prefer condominiums in Malaysia as the developments come with facilities such as swimming pools and gymnasiums, which are not readily available in Korean condominiums," he offers.

He expects the population of Koreans in Malaysia to double to about 60,000 by next year if the government sets up more international schools to cater to the increasing educational needs. "Due to an over-quota in Korean schools, many are looking for options in other countries," says Kim, adding that during his 19-year stay in Malaysia, an influx of Koreans here was evident only three years ago.
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Old January 25th, 2008, 10:25 AM   #24
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Old January 25th, 2008, 10:37 AM   #25
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PHASE 1-5 TOWERS-38 TO 40 FLR-1099 UNITS

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Old January 25th, 2008, 10:41 AM   #26
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PHASE 2-6 TOWERS-38 TO 40 FLR-1248 UNITS




Phase 2 will be available for sale beginning in March 2008
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Old January 25th, 2008, 10:42 AM   #27
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the korean r their target....their website prove it...

Malaysia Sales Office


Korea Sales Office

Last edited by rizalhakim; January 25th, 2008 at 10:58 AM.
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Old January 25th, 2008, 10:43 AM   #28
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Old January 26th, 2008, 06:34 AM   #29
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patutlah aku terfikir...datang dari mana plak tasik tu?....rupa-rupanya SMART Pond rupanya...
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Old February 19th, 2008, 11:06 AM   #30
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Putra Impiana offers value for money, says developer


The developer says its quality finishings for the Taman Putra Impiana terraced houses will save buyers from having to make many renovations

PETALING JAYA: The property market in Puchong is booming with an increasing demand for landed properties, particularly high-end ones. According to the developer of Taman Putra Impiana, Usahasama Utama Sdn Bhd, its properties there have been enjoying good capital appreciation. “For instance, the value of the units in Phase 1 have increased by 15% since their launch in 2006, and are expected to rise by a further 15% by year-end,” Ronnie Wong, head of operations told theSun.

Phase 1 of Taman Putra Impiana is sold out, while Phase 2 has achieved a take-up of more than 95%. To date, more than 20% of the 80 units in Phase 3 have been sold since its launch in mid-January. Future phases will include terraced houses, shop lots and low-rise medium cost apartments. It is scheduled for completion within the next three to four years with a gross development value of RM231 million.

Targeted at first-time homebuyers and upgraders alike, the 2-storey link houses in the 100-acre leasehold Taman Putra Impiana, come with quality finishes to minimise the need for renovations. The project is a joint-venture development by Usahasama Utama, a member of Klangbased Acmar International, and landowner Permodalan Negeri Selangor Bhd (PNSB).

Wong said the units in the development are attractively priced and will appeal to small families and young couples, particularly in the middle-income group, whose dual incomes ranges from RM4,000 to RM7,500. “We are offering value for money as buyers will be saving on renovation costs,” he said.

The features of the homes include wooden laminated flooring for their 4ftwide staircases, column-free car porch laid with concrete-imprinted flooring, and porcelain tiles throughout the living area and dry kitchen. Prices range between RM286,800 and RM566,800 for units in the
latest phase, with built-ups from 2,072 sq ft to 2,641 sq ft.

The development is accessible via a network of highways, including the Damansara Puchong Highway (LDP), North South Central Link, KL-Seremban Highway and Kesas Highway. Nearby amenities include Jusco, Tesco and Giant hypermarkets as well as IOI Mall.

Wong said that despite the rise in petrol prices, the developer still managed to price its properties at a competitive rate by absorbing the increased construction costs. “In comparison, a similar 2-storey terrace in the freehold Bandar Bukit Puchong is valued from RM380,000,” he said.

Acmar has been involved in the automative business since 1979, but later diversified into property development and management, construction, leisure and entertainment, education, healthcare and warehousing. The group has completed several residential and commercial projects including Taman Jati in Jeram, Taman Cempaka in Banting, Wisma TLT in Klang and Acmar Villa in Ampang. Its ongoing projects include D’Rapport @ Ampang, Bandar Baru Klang in Klang and Kemensah Indah in Melawati.

By theSun (by Yap Yew Jin)
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Old March 21st, 2008, 04:36 PM   #31
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Old April 2nd, 2008, 05:51 AM   #32
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Old April 2nd, 2008, 05:52 AM   #33
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Old April 2nd, 2008, 05:53 AM   #34
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Old April 2nd, 2008, 06:59 AM   #35
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Ehh. Cepat glerr!!
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Old April 2nd, 2008, 09:42 AM   #36
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Old April 2nd, 2008, 09:42 AM   #37
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Old April 2nd, 2008, 09:43 AM   #38
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Old April 2nd, 2008, 09:44 AM   #39
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Old April 2nd, 2008, 09:44 AM   #40
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