Even though ARC advertise its GRR 8%, actually its ROI only around 5%.
(after minus those ID cost, insurance, and 3 months rental for every 4 years),

If compared with other areas like PJ, K.Damansara, Cheras, Setapak and etc which ROI is much higher (7% - 10%.),
ARC actually is not that attractive if so.

Then why I still go ahead for this ARC before come to lowyat forum ?
1) Because my job need to travel to oversea quit often,
  I dun think I have time to hande those renting.

2) Location Stretegy, it is besides Symphony, and many big companies and expatriats nearby.
3) Future development in CJ
4) ARC commit to handle all the ID, F/F, and developer will bear all the cost of lost and damage for all furniture and fitting during the GRR period.
of course GRR for 25 years is another main reason I invest ARC.

So far, for I heard from agents, ARC had a agreement with MMU to rent out the units for RM 500 per student,
that mean ARC make use our units to earn "side income" for Andaman.
But as long as they manage well, and the quality is not bad, GRR 8% for 25 years, I think it is ok to me and those "lazy investors".

But now, after knowing so much abt this Andaman background and its history,
I feel so angry and also so worry and panic.
Furthermore, our S&P is signed between "Maju Puncakbumi Sdn Bhd" and "buyers", not between "Andaman" and buyers,
so it may really come to happen that Maju Puncakbumi will "eat" our money and later announce to bankrupt,
We then can not do much to its parent company "Andaman".......

God bless me .....

the first x year is kinda confirmed but check out their exit clause, can terminate too.

Last month there was a unit at highest floor available facing East..

There are several units (5-6) facing West.. I believe it should still have as for the West units.

Price still at RM 370k++ with 5% discount DIBS scheme.

Anyone knows Arc vs Mutiaraville, which is better?

Arc
-GRR 25 years (8-10%max cap)
-50k for fully furnished
-For MMU students
Every 4 years, 3 month rents are used for refurbishment
-no DIBS
-any discount?
-when is it going to be completed?

Mutiaraville
-GRR 25 years (7-11%)
-50k for fully furnished
-For CUCMS students
-Every 3 years, 1 month rent is used for refurbishment
-no DIBS
-no discount
First Phase will be completed soon

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Added on June 16, 2012, 9:53 pmAnyone knows Arc vs Mutiaraville, which is better?

Arc
-GRR 25 years (8-10%max cap)
-50k for fully furnished
-For MMU students
Every 4 years, 3 month rents are used for refurbishment
-no DIBS
-any discount?
-when is it going to be completed?

Mutiaraville
-GRR 25 years (7-11%)
-50k for fully furnished
-For CUCMS students
-Every 3 years, 1 month rent is used for refurbishment
-no DIBS
-no discount
First Phase will be completed soon

Seri Mutiara Development Sdn. Bhd.

But I am not sure which project is better!