BRIEF DESCRIPTION

1. 2 Blocks Condominium Tower (27 storey @ total 408 units):
(Built-Up Area (BUA) from 1019 sf to 1,646 sf)
8 Units / Level
2. 18 units 2 ½ storey Semi-D Villa
(Built-Up Area from 3,129 sf to 4735 sf)
3. 5-storey Sub-Basement Multi-Level Carparks

4. 1 –level Residence Facilities Building

PERIOD OF CONSTRUCTION
Construction is estimated to commence in July 2011

DEVELOPER
Amona Metro Development Sdn Bhd ( A joint venture company between Amona Group and Metro Kajang Berhad)

PRINCIPAL BANKER
Malayan Banking Berhad.

http://www.amona.com.my/proposed-saville-b...--the-park.html

This post has been edited by kh8668: Mar 23 2012, 04:53 PM


Attached thumbnail(s)

any indicative price?
the semi d looks good.
landed with condo facilities concept?

Condo rm500psf and above

how deep inside

500 x 1019 = 509,500
does not seems too bad if it comes with a bunch of goodies compared to recent launches right?

Where is the place lar ? No map ? Ghee .....

it's located in "deep beach"

heard half is malay reserve.

3.103235,101.661386
good luck!

That's after pantai hill park, really deeeeeeep inside ler.

located in bangsar south area, not bangsar.

u mean bumi ratio high?

500psf.... Can go!
But isn't the surau nearby there?

heard from fren who got invitation.

condos - rm600psf, 60% bumi allocation.

Confirmed. It's a Malay reserve land. Conscent was given where they need to keep 50% bumi quota.

Boon cover all project?
Anyway small units 1000sq feet sold out


Wonder next time sell got problem a not

Wahh. Malay Reserve Land also can get 50% bumi quota instead of supposingly 100%?

I also wonder how the strata title is going to issue if mix land with MRL

Because it sits in Malay reserve land, whenever a unit is sold to a bumi, then automatic conversion back to bumi lot.
Eg. 1st buyer is non-bumi buying non-bumi unit. 1st buyer sell to 2nd buyer (non bumi), unit still non-bumi. 2nd buyer decided to sell, and 3rd buyer is a bumi. Unit automatically chnaged back to bumi lot. When 3rd buyer wants to sell, only able to sell to bumi.

That's what I gathered from some banker.

---

Added on March 24, 2012, 10:20 amAs long got land office and state consent, then can lor.... that's why a quota of 50:50 is in place.
Just don't know how they want to cut. Besides condo, they got villas as well.

This post has been edited by b00n: Mar 24 2012, 10:20 AM

launching today.
whoever free can drop by.

Malay reserve at 500-600psf??

crazeeee...............................this is heading straight to my shit list @@

i certainly not gong to buy any property that restrict 50% malay reserve. no matter how cheap the price is.

and this is not cheap at all.

This post has been edited by rosemecy: Mar 24 2012, 09:07 PM

How come this project Malay reserve and non bumi can buy. Anyone ask the sa?
Like that solve the kampung baru problem already

solved?
if you are developer, join venture with malay reserved land owner, but 50% must sell to malay.

you can speak to any developer, people who work with developer, people who deal with property, banker or lawyer.
how you manage to sell your project? set non bumi price rm 750 psf bumi price rm 250psf?

This post has been edited by rosemecy: Mar 24 2012, 10:14 PM

anybody care to update the sales please?
thanks.

where is the sales office for this project? what is wrong with malay reserve land?

i went there this morning..........
non bumi lot 70 % sold off !!

Went to see left 1600sq feet
1200sq feet also habis

BBB again.
outstanding demand still for both projects launching this weekend.
congrats to both.

The PROBLEM is Malay Reserve Land which only can be sold to ORIGINAL BUMIPUTRA!!.check the title

Wow...BBB still on? The concept and design still like his elder brothers, OKR and Melawati?

maybe they are practitioners of the saying
"if it ain't broke, don't fix it!"

WOW.

Assuming the above rule is correct, then no matter whatever conditions/rules they impose on top of it, as to obey the above; if they are contradicting, then the later rules will still not hold in the court.

no lar bro, if developer can sell to Non bumi, non bumi lot can later sell to any one right........

---

Added on March 26, 2012, 3:00 pmthis project is hot?

This post has been edited by yoki: Mar 26 2012, 03:00 PM

Is it that easy ? If like that, all malay reverse land converted lar, there will be nothing left.

How is the sales going for this project?

---

Added on May 15, 2012, 12:55 pmSaville@The Park Bangsar achieves 65% take-up rate
By Haziq Hamid of theedgeproperty.com
Friday, 27 April 2012 15:57

KUALA LUMPUR (April 27): Saville@The Park Bangsar, a joint venture (JV) development between MKH Bhd and Amona Metro Development Sdn Bhd, has achieved a take-up rate of 65% since its official launch in March.

The development, in which MKH has a 60:40 share, is located on a 5.23 acres (2.1ha) of freehold land in Bukit Gasing with a gross development value (GDV) of RM300 million.

Saville@The Park Bangsar is made up of two 27-storey blocks comprising 408 condominium units and 18 units of 2½-storey villas.

The condo units have built-ups from 1,019 to 2,528 sq ft and the villas at 3,295 sq ft. Prices start from RM500,000 for the condos while the villas are priced from RM2.3 million to RM3.7 million.

Amona group general manager Che Hasnadi Che Hassan said the good take-up rate shows existing appetite in the market.

"The general notion might be that it is fairly saturated. However, our sales show otherwise, so we are happy. We strongly believe the location is a key feature of the development as it is centralised and close to major business activities as well as several big entertainment outlets," he added.

Earthworks are 50% under way and Amona expects the development to be completed in 1Q15.

This post has been edited by aLthaLus: May 15 2012, 12:55 PM

Tenure: Freehold
Property Type: Condominium, 2½ - storey Deluxe Twin Villas
Land Area: Approximately 5.23 acres

Built-up Area: Condominium:
Type A (1,019 sf), rm723k - 792k
Type A2 (1,390 sf), 1.047mil - 1.071mil
Type B (1,253 sf), 840k-912k
Type C (1,646 sf), 1.095mil - 1.137mil
Penthouse A (2,415 sf), 2.022mil
Penthouse B (2,528 sf) 3.30mil

2½ - storey Deluxe Twin Villas: Villa A (3,295 sf)
No. of Units: Condominium: 408 units
2½ - storey Deluxe Twin Villas: 18 units

This post has been edited by kh8668: May 24 2012, 11:24 AM


Attached thumbnail(s)

Guys,

anybody have any updates on this project?

last i checked, left 7 non bumi units in 1st launched tower.

thats great news. maybe they will launch the 2nd block anytime soon?

---

Added on June 19, 2012, 1:26 pmdrop by the site last weekend, land clearing finish already, starting piling work soon.

---

Added on June 19, 2012, 4:03 pm
Land clearing complete


Piling activities starting

---

Added on July 8, 2012, 4:48 pmprogress update as of July 2012





This post has been edited by aLthaLus: Jul 8 2012, 04:48 PM

Got message new block is open for sale soon. limited units and first come first serve 1019 sf RM 580k+-

This post has been edited by natman: Jul 25 2012, 03:05 PM

price is starting from RM583,000.00 for 1019sqft and with 3 % rebate.

Went to site. Could not find the exact site but surrounding is Malay heartland

If compare this to Window On The Park, which one is the best deal ya?

abgkik, still plenty of bullets huh?
imho, saville @ bangsar rocks. did you check out the rendering. plenty of water woi! as if >50% of the podium is taken up by the pool. sweet!

any website i can refer to? any other info? tq

So you manage to grab one unit Kochin?

Sorry, does it mean price drops?

good question

how is the sales of the 2nd tower?

This property has revised upward price but giving 10% discount with no DIBS....

Anyhow, it is selling 550psf at bangsar South... Worth??

As UOA has invested hundreds of millions in bangsa south city and the park residence... UOA is just selling a concept with mission to be a 2nd midvally city....

Current UOA selling camellia at 760psf...

Does it worth for investment as this is the only freehold property in bangsar south....

For information, developer tends to apply high price for their propertieheft the sales permit. But the price to sell is always based on market demands. So that if their new launches are extremely in demanding, they do not need to reapply the permits for selling higher price.

So is it price dropping?

This post has been edited by kh8668: Sep 10 2012, 07:37 PM

They are selling 550psf at least after rebate....

Worth for investing as this is a prime loatiom with the only freehold property...

Any comment????

IJM Land in JV to develop Kerinchi-Pantai Dalam land

By Ben Shane Lim of theedgemalaysia.com
Wednesday, 12 September 2012 10:42
KUALA LUMPUR: IJM Land Bhd, through its wholly-owned subsidiary Murni Lapisan Sdn Bhd (MLSB), has entered into a 40:60 joint-venture agreement with Amona Development Sdn Bhd to develop 57.82 acres of land in the Kerinchi-Pantai Dalam area.

The land is accessible via Jalan Kerinchi from the Federal Highway and is within 3km from the KTM Commuter and rapid KL light-rail transit network.

“The venture represents an excellent opportunity for the group to strengthen its presence in the Klang Valley and to participate in a development which is strategically located in
the Kerinchi/Pantai Dalam corridor,” said IJM Land in an announcement yesterday.

“It is one of Klang Valley’s choice locations in view of its proximity to Kuala Lumpur city centre and the prime neighbourhood of Bangsar, Damansara Heights, Pantai and Mid Valley City,” added the group, without indicating the estimated gross development value of the project.

Amona Development has already entered into a privatisation agreement with Datuk Bandar Kuala Lumpur to undertake the construction of residential and commercial units on the
said land.

To kick start the project, MLSB and Amona Development will have to make available funds in the 40:60 proportion to pay for all costs of undertaking the development, which include a payment of between RM331 million and RM391 million to the Datuk Bandar for the project land value and the minimum guaranteed profit, as well as a sum of 20% for the difference between the actual profit and the minimum guaranteed profit.

Amona Development is part of the Amona group of companies, a property construction and development conglomerate founded by Datuk Othman Ahmad.

So is good or bad news?? More choice from IJM developer with cheaper price??

good news for saville bangsar owners... will definitely improve the image of the area depending on ijm's masterplan

Hi... Any idea the main access for this IJM masterplan??

As I'm considering to take a unit from saville bangsar...

Will the road of accssing the new project is through the main entrance of saville bangsar or the road between this building and the forest???

Or any comment which side better???

---

Added on September 13, 2012, 9:17 amThis property from MKH seem not hot at all in this forum eventhough is located at bangsar south....

Any buyer from this forum???

---

Added on September 13, 2012, 10:09 amThis property from MKH seem not hot at all in this forum eventhough is located at bangsar south....

Any buyer from this forum???

This post has been edited by Helius: Today, 09:17 AM

This post has been edited by Helius: Sep 13 2012, 10:09 AM

any potential since ijm jv will have a new development in bangsar south area.

Don't know what IJM is going to launch....

As the land is big... Is there a residential title or commercial title?? Or mix development??

i would definitely take in saville bangsar now... it is consider cheap now with roughly RM 470 psqft compared to bangsar south... furthermore after ijm launch, probably it will be higher.

saville bangsar is situated at the edge of the bukit gasing reserve, definitely no more development around it.

How u get 470 psf?? If base on 1253 sf that is selling 780 minimum... 550psf at least....

when the first tower was launch, it was only rm580k for the 1253 sft..

Now they are selling at least 550psf... Worth?

still ok i think... bangsar south ~580 sf for a leasehold residence..

not sure how much ijm want to position theirs..

if their product is as good as riana east phase 2, it might be worth it.

But this project is more than 50% bumi allocation...

So is still worth 580psf?? As per now the sales is bad as take up rate from block B just just bad....

---

Added on September 14, 2012, 12:37 pmBought 1 unit... Corner lot....

This post has been edited by Helius: Sep 14 2012, 12:37 PM

congrats man!!. told ya its less than rm500psqft

Just come back from the sales office, great news!!! developer has propose non bumi and bumi with ratio 70:30....

Plus, the new 20% for non bumi will be open for sales at least 650psf after discount... And the new 20% allocation will be allocated at tower 2... So means tower 2 will have more non bumi residents....

Anyway, just to update tower 2 has sold more than 60% and non bumi lot left around 15 units with Hugh floor....

What is the cheapest unit now? Quite interested.

I think is 620K... Maybe u check with SA...

Is the 1253 sq ft unit worth a buy for investment purpose?
East wing, facing south and green view.

Still deciding .... hopefully some can provide an alternative view.

It depend on how you view this bangsar south development from UOA and the coming 60 acres land develop by IJM and Amona.

If u think they will success in next 4 yrs,then buy..

Anyway, I bought 2 unit there...

Wahhhh... U bought 2 units...

Bro, for own stay and investment... The gain that made after sold will settle on my stay unit...

Anyway, got 2 ipad3 from developer last week... Not bad, white colour with 16GB...

Hopefully can strike the VV or Lexus from the draw...

Btw, who's know when will IJM and amona master plan out? I'm waiting and if really good then may consider another small unit 1016sf for investment...

I'm thinking to stay.. If accidentally can rent out, will change the game plan..

I unable to get iPad or any lucky draw..

got any contact for this project, might be interested in the 1253 unit.

what's the deal on offer now?

I think developer had mark up the price again as rebate given is lesser now...

Now rebate only -5% + 3% only.... No iPad and lucky draw...

so pay 2% for bookings. any DIBS ?

Wahh, 5% + 3% is not bad and consider a lot leh, what is the early birds discount then?

The address would be confirm at Bangsar?

No DIBS for this project, so u have to fork out at least 2% after discount... And developer absorb everything except loan stamp duty...

I would say this is a high entry purchase and definitely most are genuine buyers... I don't expect much flippers after complete except me... Hahaha

---

Added on November 19, 2012, 11:25 pmYup... Address confirm as bangsar.... Same as bangsar south address...

This post has been edited by Helius: Nov 19 2012, 11:25 PM

paying 2% is actually not considered high entry. summore developer absorb everything except loan stamp duty.

even if there is no DIBS, loan drawdown is gradual over the period of the construction and that might not really be a lot especially when interest is still low in Malaysia.

think i will check out the sales gallery this weekend.

Before this developer mark up the price 10% and give 10% discount... So basically the purchase price now has been increase 10% from block A price... So those buyers for block A have to fork out 10%...

it is quite common now for developer to split the project into 2-3 launches and increase the price with every launch. hence 10% increase is still ok.anyway, for any property investor, this is what they would like to see right? a reward for being the early bird?

Yes, u r rite.. Always the early bird got worm to eat...

The most important part for this project is the upcoming project from IJM & Amona which next to this project.. If the coming project masterplan are good, so the price for this unsold unit may increase at least 30%...

As I don't see any failure in IJM so far...
Thats y I bought 2 unit for it...

works below floor level almost complete, site possession for main building started last month...

I see still flat only... Maybe be late?

Hello people... i think i owe you guys a post since I keep reading this forum for guidance.

I went to book Saville @ Bangsar. It suits my expectation: freehold, residential, close to Bangsar South and nearby future development, 2 car parks, low density, price per square feet is reasonable at the current market rate. Some cons are : not much of furnishings, no dibs, malay reserve land (but dont feel this is much of an issue), quite a price tho it sets a niche, risk in completion date

So yea hope it helps anyone still thinking through. There sure be more bumi units to open but the price might just go more expensive later.

rebate is good. I was comparing Elements @ ampang before I got this unit. Not interested in far off lands, these were just nice.

Cheers

How come Malay reserve land not issue if the psf is always lower compared to 'normal' land within the same location?

To me at least. I wouldnt have problem selling non bumi lot to a non bumi later. I would like to say it should offset the other pros... ? I am not a guru... perhaps some advise?

The price for this project is not lower, but almost match with project that same location.

That y developer don't sell cheap for this project.

did consider before to look see look see this last time but the bumi reserve things turn me away. ur units are all bumi lot or non bumi lots?

My both units are non bumi... Now developer still selling 50% non bumi, dun know when will increase more non bumi lots??

under HDA regulation, developer can forfeit the bumi unit if no respond from bumi buyers after numerous advertisment. we cant expect the developer just to leave the unsold bumi lot dying there, Hence, under HDA, with sufficient supporting record and document, the developer can appeal to revise the bumi lot to non bumi lot, BUT, with a premium to be pay back to Authority. Most of the time its the difference price of bumi and non bumi.

i am waiting for that to happen. went to see the showroom, liked what i see but the unit that i want is a bumi unit.......so i left my name but till now, no call from developer yet. i guess will have to wait longer.
yes the ratio is still 50/50 and apparently they cannot simply change the classification of the unit.

If they had allow u to put in your name as part of waiting list for the said bumi unit means u got chance to get the unit once the developer had make the appeal to board. Of course, u need to subsidize back the developer for the premium

Huh?

Alright, did u ask the status of the Malay Reserve Land upon VP?

Will convert to normal residential land?

It is very crucial upon selling in the subsales where, any unclear doubts would subsequently drag the whole process of purchase.

It will be freehold title and strata after 6 mths VP. So when subsales, just like leasehold to get consent from DBKL only... Nothing much....

So far I'm still comfortable with DBKL consent, cause they are quite transparent.