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

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nck
post Oct 31 2013, 07:23 PM

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Anyone knows how is their future office blocks?
nck
post Nov 1 2013, 03:22 PM

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QUOTE(accetera @ Nov 1 2013, 02:27 PM)
Oh The Arc has office blocks?
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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.

nck
post Nov 1 2013, 07:42 PM

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QUOTE(CMW123 @ Nov 1 2013, 06:48 PM)
Do you want to have your office next to a township of student condo?
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wow....next to student condo. The original plan will have these office towers here and believe Andaman will sell with some packages.... brows.gif

 

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