Heard wing c of armanee terrace 2 in progress of vp and the lad maybe in the range of 70%.. any wing c owners here can verify? Also, is there a collective legal civil suit undertaken?

yes. one wing built by MK Land, the other 2 by Empire Group

More workers at construction site... the main structure reach the top...finally! And, the building looks more painted ...

Heard from management they target to complete by end year 2015 and cf approval a couple of months thereafter...target vp for remaining blocks perhaps end quarter 1 2016 or within 2nd quarter 2016..

Quality wise Mk land sucks

They need to make it more lively...drive up to the older condos on the way up to rafflesia and these condos on the left hand side reminds me of the genting Ria condos...

Gg

Hi guys, what contact number I can call in and check about AT2 when deliver keys? Thank you so much

AT2's Wing C is delivered. I heard the residents complaint got a lot of defects, wall crackling, water leaking.
And nobody dare to move in as the other 2 wings still under constructions. Foreign workers go in and out.

PROPERTY SNAPSHOT 3: What are the prices of developments in Damansara / Bandar Utama?

By theedgeproperty.com | December 2, 2015 6:00 AM MYT

property snapshot, bandar utama, damansara




We continue our focus on Damansara /Bandar Utama by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by theedgeproperty.com, the combined average price of non-landed property in the area was RM493 psf in 3Q2014, down 6.6% y-o-y.

An analysis of transactions by price range reveals the diversity of products offered. In the 12 months to 3Q2014, some 26.2% of secondary market transactions were in the RM401-RM600 psf range, 25.3% in the RM601-RM800 psf range and another 24.1% in the RM201-RM400 psf range. Some 3.2% of transactions were for units sold above RM1,000 psf.

The most expensive address by far was Empire Damansara at Damansara Perdana, at an average transacted price of RM863 psf. Empire Damansara is a major mixed-use development comprising residential, office and hotel components. Units here consist primarily of studio or 1-bedroom units. Of the next-most expensive developments, Neo Damaransara (RM807 psf), Ritze Perdana 2 (RM719 psf) and Ritze Perdana 1 (RM639 psf) are also located in Damansara Perdana. Similarly, transactions here were primarily for the studio or 1-bedroom units.

On a price psf basis, Armanee Terrace (RM388 psf) in Damansara Perdana appears a bargain. However, the unit sizes here are large at 2,300 to 2,700 sq ft, with an average unit price of RM923,000.

The least expensive units are medium-cost apartments such as Flora Damansara (RM212 psf) and Desa Mutiara Apartment (RM253 psf).

property snapshot, bandar utama, damansara


How much of a bargain is a unit at Armanee Terrace? Tap here for The Edge Reference price to guide your decision-making.

The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available.

http://www.theedgeproperty.com.my/content/...ra-bandar-utama

This post has been edited by milansq: Dec 2 2015, 11:23 AM

is it because the units are bigger? therefore, if absolute number, it is too unpalatable for a buyer. smaller units, of course they can ramp up the per sq ft price.

i think the comparisons have many flaws:-

1) the top 5 most expensive development are all the mickey mouse- smaller size units, the absolute price is lower but the psf is higher.
2) among the bottom 5, the first 2 are low cost flat or medium cost apartment. Armanee terrace are not suppose to be there as the absolute price is around RM1 mil.

In a nut shell, for fairer comparison, the research should segregate the product types (low cost, medium cost, high end condo), and also the tenure (leasehold vs freehold), and the size.
You cant compare studio's psf with duplex. Like you can't compare an egg tart and a Big pizza, a plain water and a red wine.

It's not meant to be a comparison, just a survey of most / least expensive psf for DP, in fact the article stated clearly what you mention above.

How is their lad payment beside the defect problems?

PROPERTY SNAPSHOT 4: What's hot in Damansara / Bandar Utama?

By theedgeproperty.com | December 3, 2015 6:00 AM MYT

property snapshot, damansara, uptown residences, see hoy chan


These are the price growth trends and indicative asking rental yields for non-landed residences in Damansara/Bandar Utama. Based on an analysis of transactions by theedgeproperty.com, average prices retreated 6.6% y-o-y to RM493 per square root (psf) in 3Q2014.

In terms of relative growth, the mid-cost apartment Flora Damansara (22% y-o-y) appears to have gained most in the 12 months to September 2014. The projects that gained the most in capital value are well-located. Residents at Pelangi Damansara (16.9% y-o-y) and Surian Condominium (13.4% y-o-y) will soon be able to walk to the Mutiara Damansara MRT Station, while residents at 1 Bukit Utama (16% y-o-y) will soon benefit from both the 1 Utama LRT and MRT interchange.

From observation of asking rents as at June 2015, rental rates are about RM2.10 psf for older condominiums, and about RM3.10 psf for smaller units. Asking annual rental yields are between 3.9% and 6.1%. Most of the highest rental yields are for projects in Damansara Perdana.

Damansara Perdana is becoming the next centre of development with numerous large-scale projects planned, led by Mammoth Empire Group. Elsewhere, Damansara Uptown is also booming and will include Uptown Residences, Somerset Hotel, an office tower and a mall. With public infrastructure projects such as the MRT Sungai Buloh – Kajang line and the LRT 3 (Bandar Utama – Klang Line) due, there will be no dearth of catalysts for the property market here.

thanks for sharing

thanks

+1000

Thr always something wrong with mk land units...

Sometimes house ok...but for some reason subsale market value hard to go up....their unit oso very hard to fully sold out...

Few reasons :

1) Leasehold
2) Reputation ( used to be OK , but then all the way downhill )
3) Wrong Pricing ( overpriced 9 9 some of their products )
4) Lousy execution and lousy marketing ( when people aggressive do DIBS and heavy discount upfront , they nowhere to be seen )
5) Too much landbank in the area and no proper masterplan
6) etc