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Investment THE ARC@CYBERJAYA [OWNERS' THREAD], Developer of Cova KD goes BIG

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CMW123
post Nov 1 2013, 05:48 PM

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QUOTE(nck @ Nov 1 2013, 03:22 PM)
I refer to this  smile.gif  :-

Andaman Property Management Sdn Bhd (APM) is expected to sell at least 1,000 units at The Arc@Cyberjaya development in Cyberjaya by year’s end.

Datuk Vincent Tiew, Executive Director and Head of Sales and Marketing at the company, said The Arc@Cyberjaya is expected to be launched in March.

“We have several phases to the project. The first phase will comprise 250 units priced at an average of RM350,000 per unit.”

The Arc@Cyberjaya should be fully occupied by 2015,” he said, adding that the development project would be an iconic landmark in Cyberjaya once the 15 badminton courts, [B]five office towers and apartment blocks are completed[/B].

Potential buyers of The Arc@Cyberjaya can expect an eight percent gross rental guarantee per year for up to 25 years, based on the company’s four-year-plus-four-year lease-back-option for six times plus an additional year.

“We can afford to guarantee the gross rental rate because we have a contract with the Multimedia University to provide hostel like accommodation for first and final year students,” said Mr. Tiew.

It is the company’s strategy to price the units at “affordable” levels. “We generally build homes for the mass market and price them to allow for favourable upside in capital gain in the medium term, with secured rental-yield return,” he noted.
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Do you want to have your office next to a township of student condo?
CMW123
post Jan 30 2014, 09:40 PM

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QUOTE(happy1234 @ Jan 30 2014, 09:36 PM)
Block A. U just go to adaman office n make arrangemet only after u pay thr outstanding cost. The vp letter stated that u must inspect within 14days. They will rent to student start next month n hard to inspect later. Block A had rent out for level 6 to 9 ard. I only able book next week because all full.
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What if after inspect got defects?
CMW123
post Apr 23 2014, 09:22 PM

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QUOTE(happy1234 @ Apr 20 2014, 07:32 PM)
The arc in newspaper. Market value min rm500k
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What was the launch price?

This developer has track record of not continuing with their GRR after the 3 years tenancy is up wor...
CMW123
post Aug 4 2014, 04:33 PM

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QUOTE(dixonng888 @ Aug 4 2014, 11:57 AM)
Not yet received any rental payment
Andaman office said not sure when will bank in
Started feeling being cheated
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What is the payment timing stated in the tenancy agreement? Already passed?
CMW123
post Aug 5 2014, 11:04 AM

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QUOTE(happy1234 @ Aug 5 2014, 12:58 AM)
1/8 adaman received the money from management.  2/8 to 3/8 off
. 4/8 do calculation n deduction for services maintenance 0.23 per sf. 5/8 to 7/8 waiting boss from diff dept sign. 7/8 final checking. 8/8 to  start banking for 500 owner. 9/8 to 10/8 off. 11/8 start banking again for other balance. Mean next week can get ard.
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You work with Andaman?

 

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