Saw the ad in newspaper .... 26xx sq ft double storey condo selling for RM9xxK

Thought klang valley should be about RM400 to RM5xx per sq ft by now.

Is this area declining?

You're using condo psf price to measure landed mang

double storey CONDO wor...

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Added on October 15, 2012, 10:20 pmbenchmarking psft pricing doesnt apply across to all types of build up and properties..
most commonly, the bigger the buildup, the cheaper the psft...

This post has been edited by twincharger07: Oct 15 2012, 10:20 PM

See the cheap one, grab it quickly

This post has been edited by ecin: Oct 15 2012, 10:58 PM

maybe he mean double story banglo?

That 1 advert is the famous abandon armanee terrace...god knows when this lousy mk land going to finish it...think coming to 5 yrs

true, same condo. different built up, small size units and big size psf price could be huge gap.
example only, RM600psf for 700sf while RM380psf for 2000sf above.


didnt know Armanee Terrace is abandoned??

Maintenance Fee:RM 0.24 per s.f.

Kiss RM1k goodbye every month just for Maintenance

MK Land to launch luxury hilltop projects in prime sites
Published: 2012/10/16

KUALA LUMPUR: MK Land Holdings Bhd is upbeat on the real estate market and is planning to launch exclusive hilltop developments and commercial projects in prime locations to meet demand, its key official said.

According to group chief executive officer Lau Shu Chuan, the hilltop developments will feature luxury bungalows and town villas.

MK Land currently has nine projects in Selangor, Perak and Kedah.

Its flagship project is Bandar Damansara Perdana, a 303.5ha township development in Petaling Jaya, comprising landed commercial and residential properties.

The Damansara Perdana project is expected to take another 10 years to be completed and is destined to be a premier centre for business and living in Petaling Jaya.

Lau said Damansara Perdana is currently one of the biggest developments in Petaling Jaya, with sales of RM2.82 billion derived from the launch of condominiums, high-end apartments, a range of commercial buildings and semi-detached bungalows.

MK Land is planning to launch new phases at Damansara Perdana, Lau said after handing over keys to its buyers for its The Rafflesia @ Park project last week.

The new phases include The Rafflesia @ Hills and The Rafflesia @ Peak, featuring semi-detached bungalows, he added.

The Rafflesia @ Park, meanwhile, is a residential project with prices ranging from RM2.6 million. Lau said the development is expected to be completed by June 2014.

MK Land is offering a five per cent discount to buyers, with no legal fees on SPA and loan documentation.

Armanee terrace already completed long time ago. They are building armanee terrace 2 next to it and price start from 1mio.

damansara perdana =/= damansara mutiara

I think you refer to armanee terrace. Big buildup price are cheaper psf. For msq condo be prepare to pay from 500psf to 600psf., build up ranging from 900psf to 1200psf.
For studio size at damansara perdana, ritz 2, asking price is alredy 600psf onwards.

The upcoming mrt station at curve mutiara damansara will further drive up the price of the property at damansara perdana. If you find a good and cheap one, better grab one..

isn't empire city in damansara perdana?

because...leasehold....?

If it's Armanee, please read the analysis in propwall

http://www.propwall.my/damansara_perdana/armanee_terrace_i

9Bukit utama same BU but around 200K more, better location and freehold.

Location.

Why so many pp reply ah this rubbish thread ah?

why flora damansara is RM150psf.....

why kl some low cost house is RM100psf? is KL not doing good.

Got to see each individual project la. Its concept, its facilities......



This post has been edited by tikaram: Oct 16 2012, 01:47 PM

Here's the ad I saw.

This post has been edited by waeguk: Oct 16 2012, 05:16 PM


Attached thumbnail(s)

Armanee Terrace 2, late delivery for 1 to 2 years already...keep changing contractors

But LAD for early pruchasers $$$ huat!

BUT quality of end product not sure

Emkay v badly run. Thats why their price is low.

Actually Damansara Perdana is a very strategic location that should command a premium price.
Unfortunately, MK Land has screwed it up big time with shoddy condos and questionable workmanship.
That is why all the condos built by MK land do NOT command a higher price like Metropolitan Sq, Armanee, etc.
They have totally and utterly screwed up the entire place.
If it is managed properly, I don't see why they can't match mutiara damansara, except for the fact that its leasehold.

Looks like once tainted,hard to restore.

Bro, I beg to differ. Though MK Land was never known for their quality, their workmanship to me is still acceptable n reasonable. What impresses me is their landscaping and if you notice they plant a lot of tree at damansara perdana. Most of the shops there are fully rented and you can hardly find parking especially during weekdays.

If you been to metropolitan sq, the podium area is quite impressive. They have 2 pool and 1 glass edge pool and 1 wading pool surrounded by nice gardens overseing pj trade center and the upcoming empire. At ground floor most, of the shops are fully rented. U have citibank, scotia bank. Old town and pubs too.

If you are one of the early msq investor u already make decent capital gain. Rentals are very liquid. You can easily get tenant and yield are not bad too. A fully furnished 1000sf can easily fetch 2200-2500.

Not to forget damansara is also strategical located within pj golden triangle and with upcoming mrt station at curve, I'm sure the value will unleash further.

Hello all. Actually, I agree with BOTH mercury8400 and jucl.

Both of you make valid and correct points.

I am an owner and staying at Metropolitan Sq Condo for the last 5 years. I have seen and experienced first hand the shoddy workmanship of MK Land. Almost every unit (I asked my neighbours and the management staff) have some sort of water leakage problem. The management of the place when it was run by MK Land's proxies (until we formed our own JMB) was poor, to say the least (breakins was rampant).\

However, as jucl pointed out, Damansara Perdana is a very strategic place to stay. I enjoy staying here, with the LDP and Penchala Link at my doorstep, 1Utama & Curve/Ikea just a stone's throw away. Landscaping of my condo is very nice. But also, as mercury8400 pointed out, Damansara Perdana could have been so, so, so much better than it is now. Armanee Terrace 2 (will it ever be completed?), Tropics Shopping Centre which is a virtual ghost town except for Jaya Grocer, the property price which have not appreciated significantly (when compared to Mutiara D'sara and Kota D'sara).

My hope for the future is that when Empire City and Empire D'sara is completed, and is successful, it will push up property prices more, and make Damansara Perdana a desirable place to stay, on a par with Bangsar and Hartamas.

Breakins at metropolitan condo? Thought condo is safer than landed property.

May i know how much was developer price for metropolitan? Want to compare with the new launch prices of today.

as a resident of AT 1, i have to disagree with the review especially on whether the garden has sufficient sunlight. my garden in growing wonderfully. it is a matter of what kind of plants you get



renovation was definately necessary as we bought a subsale unit.

AT 1 is a good buy for own stay- price psf is low, units are huge (mine is 2500 sf), duplex gives u more privacy, decent neighbours, nice view, safe i guess (since i see parents allow their children to run around unsupervised), decent security, excellent location for my purposes.

on MK Land, i will not comment. u know i know la

This post has been edited by Beth79: Oct 23 2012, 09:54 PM

Finally we got somebody in AT1 say good things. Now we got clearer picture on AT1..

you should be happy that price is still low that area

Price still low?

I guess it must have gone thru the initial drama stage. But buying subsale means the previous owner has rectified the initial problems if any. Management here is very helpful IMHO. So far I have no complains. However, lately there has been a spree of minor break ins. Residents here are a bit too relaxed- leaving doors unlocked etc. A petty thief has been going around stealing small items like loose change, watches, hp. Security has been doing more rounds and they are going to install more cctvs. But in all likelihood, the thief is a resident so it will be harder to catch.

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Added on October 23, 2012, 10:12 pmAT 1 is still low. About rm300 psf if u r interested. Surprisingly AT 1 sells quite fast. Most of the initial owners bought the units for renting out to expats. Now that the expat market is quiet, a number of units on my floor were going on sale the last 6 months or so. Within 6 months, all the units were successfully sold.

As an investor I doubt I'll buy AT 1 considering it is hard to rent out. But for own stay, let's face it, it's really hard to find an apartment in PJ that is 2500 sf for +/- rm800k.

But I wouldn't recommend AT2. every morning I stare at it and I see no progress. Wonder if it will even be ready by 2015. Damn pity the buyers

This post has been edited by Beth79: Oct 23 2012, 10:12 PM

Condo to AVOiD!!!! (Invest or own-stay!!! Damansara Perdana Exclusive Condo!!! 3 Lift always Breakdown.

Wow, bad management?

Experienced property buyer like u of course find this topic rubbish. Everyone learns something through asking lots of ribbish question.

I am not very experience la.....sorry lo

Ritze Perdana 2 asking price now already RM760psf(420sf RM320K), rental around RM1600/month for fully furnish. Any comment from you guy?

This post has been edited by happyhome: Nov 17 2012, 08:32 PM

RITZE 2 is good for invest! especially facing the CURVE smaller unit like 420sf or 505sf! that is a FULLY VIEW of the CURVE!

Totally agree with you, i got few property agents friends told me once they got vacant unit for RP2 can easily rent it out
because they have a lot of enquiry from individual & also "big company" wanted rent for thier staff.

The condo name is Exclusive Condo?

[quote=ceveori,Nov 20 2012, 01:52 AM]
Perdana Exclusive.

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Added on November 20, 2012, 1:54 am

Totally agree with you, i got few property agents friends told me once they got vacant unit for RP2 can easily rent it out
because they have a lot of enquiry from individual & also "big company" wanted rent for thier staff.

[/quote]

Why do you reply your own post?

[/quote]

i am agreed with hornbilllim, why did you said i replied my own post???

dupe account?

Armanee Terrace II, Damansara Perdana

Armanee Terrace II (Armanee Terrace 2) is the most expensive condominium in Damansara Perdana enclave. This double-storey Duplex condo is the successor to Armanee Terrace I. It is another project by MK Land, which was targeted to the higher-end market.

Every units in Armanee Terrace II is a Duplex (2-storey), which comes with a very big terrace. About 20% of the terrace is tiled, while the rest is some 20-25 cm thick soil to give each residents their very own garden. This is what the developer meant with their marketing statement for this condominium “Your Garden in The Sky”.

Coming with a Balinese concept, the Balinese ambiance is very obvious especially around the swimming pool area which is decorated with wooden furniture and surrounded by plenty of trees. The lobby area, still with Balinese feel, is very grand with beautiful glasses and floor tiles.

Located towards the end of Jalan PJU 8/1, next to a hill and surrounded by a lot of trees, residents of Armanee Terrace II always get to enjoy a clean and refreshing air. Being only about 2 km away from famous shopping complexes such as IKEA, Tesco, The Curve and 1-Utama, many people will find this place very convenient to stay.

Property Details
Name: Armanee Terrace II
Address: Jalan PJU 8/1, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Developer: MK Land
Completion Date: end-2013 (estimate)
Type: Condominium
Tenure: Leasehold
No. of Blocks: 1
No. of Units: 518
Built-up: 2,641 – 9,779 sf
Launch Price: RM380 to RM480 psf
Layouts
Type A (2,641 sf)
Type B1 (2,976 sf)
Type C (3,209 sf)
Type D (9,779 sf)
Type E1 (2,758 sf)
Type F1 (3,126 sf)
Type G1 (3,126 sf)
Facilities
Swimming pool
Wading pool
Gymnasium
Squash court
Tennis court
Badminton court
IT room
Games room
Surau
Children’s playground
Spa & sauna
Reading room
Meeting room
Barbeque gazebo
Common car wash bays
Jogging track
Pebble walk
Market Trends


Price per sq ft (May 2013) - circa RM500.00

Did you guys went into the site to have a look? The made the hills botak already!

perdana got studio unit?

Bought a new unit in Block B msq a month ago. Im very happy with the landscaping of this area esp the well lit trees along the main road at nite. Empire Damansara looks so pretty at night too. Completion of Empire City may make it another midvalley of PJ. So looking for to moving in!

This post has been edited by giovanni: Jul 20 2013, 08:45 AM

MK? Good luck la... lousy developer never completes anything on time. When time to collect LAD, they all sort of excuses. After u drag them to Housing Tribunal, then only they pay... in installments.

During DLP, any defects found never rectified. Have to wait for weeks or months then only take action. Reason? They didn't pay the contractors.

Property price better drop like bomb for anything by MK.

Funny how I came across this post right after having lunch with two different contractor bosses sharing the same view! They both mention how they had to take more than three years to close their final accounts when it comes to MK Land when it normally only takes slightly more than one after CPC. Both vowed never ever to deal with MK Land again!

is there any 1900 sqft unit in Damansara Perdana? Any around 750k? PM me pls.

MK will sweet talk with contractors at first then when it comes to payment, empty promises. Excuses like person in-charge not around, sudah resign, boss tak sign cek and other loads of BS. Worse than a devil!

When vp? Delayed so long?

So in Damansara Perdana,

Armanee is top condo > Perdana View > Perdana Emerald??

Any comments?

omg! Exactly the same experience!

U mean half bald? 😄😄

Hope they will landscape that part of the hill after completion of building. 💡💡

Any duplex units at Perdana Emerald? Pls PM me.

Armanee terrace 2 scheduled to be VP by this year end, out of 3 wings, 1 wing already completed.
According to the sales, the delay is because MK land build 1 wing, and sub out the 2 wings to Empire group, and Empire group has cash flow issues, having too many projects in one go.

In terms of pricing, YES

Only the top floor of Perdana Emerald got duplex.

The most interesting to know now is whether they will pay LAD, discounted or in full?

The LAD will probably be more than the price appreciation...

MK Land now probably in better cashflow position than Empire...

Yes u r right. Mk land cash flow improved a lot.
They are the main land owner in Cyberjaya via the subsidiary Setia Haruman. They hv made a lot of money from selling of land for developments.

wonder if the lift stops at each floor or every alternate floor.. i mean if upper storey has its own access?

the recent financial report showing that the MK Land management has allocated RM20mil for AT2's LAD.
this 20mil may not be sufficient

How much is total gross development value? Then we will know if the RM20 million is subtantial or not

AT2 until today still not completed, any idea when?

Empire Residence is another project with LAD involved...

AT2 supposed to be vped 4-5 years ago.
Now extended to mid 2015

how much is the LAD now $$$$ ?

Not sure, wait till the final amount being announced.
Was told by the SA, there are 3 wings in AT2, MK Land sub 2 wings to Empire Group to build. MK Land's wing is ready but Empire's wings still under con. So i presume the main contractor needs to partly responsible for the LAD.

Empire has walked out from the AT2 long time ago the SA told me.

we heard different set of story.
Maybe they have been sacked by MK Land

When is AT2 ready?

Mbpj just issued a stop construction notice to Mk land - AT2 effective last Friday, reasons being they do not follow the guideline on safety and construction hours.

Do it will take some times to complete

OMG!!

What is the price of duplex unit in metropolitan square??

the block A duplex asking to sell at RM1 mil few months ago, Block B + C will be slightly more.

never thought damansara perdana is cheap...

still reasonable.

Prices in MSQ has dropped. 1245sqft block E nonbumi going for 600k still no taker

Possible for RM 850k???

possible if it is a bumi unit

I just heard from an agent that a MSQ unit 1245 sqft with 2 parking lots was sold early this month for rm685k.. sold my unit too at rm6**k bu 1095sqft..

This post has been edited by milansq: Jan 29 2015, 05:15 PM

Mk land kaa? Fuhh xberani.... Mk land ni layak buat low cist or midcost development jer....banyak issue...

WOW!!!!! Can a nonbumi buy???? Good??

this is the transaction for old blocks.
new blocks nothing cheaper than 700k

Yes.. Block E

Block A with residential rate for electricity and water tariffs should be 700k plus for 1095sqf and above. 1095sqf for Block C definitely higher. Block B has transacted price of 800K + according to some forumers

Wow price is catching up!!!

So the moral of story is even with lousy developer but in good location, property price still up upx3
With empire city opening, the rental demand or transactions should be high.

Good news..


Published: Saturday January 31, 2015 MYT 12:00:00 AM
Updated: Saturday January 31, 2015 MYT 8:59:07 AM

Ritz-Carlton Hotel coming up in PJ







Welcome addition: The 53-storey Ritz-Carlton Hotel, the second in Malaysia, will be built in the Empire City development (left) in Damansara Perdana.
Welcome addition: The 53-storey Ritz-Carlton Hotel, the second in Malaysia, will be built in the Empire City development (left) in Damansara Perdana.

The Ritz-Carlton Hotel chain will be opened in Damansara Perdana, Petaling Jaya, next year.

The 53-storey hotel, the second in Malaysia, will be built on a 1.6ha site in the Empire City development. It will have 288 rooms.

Ritz-Carlton announced the plan after signing an agreement with Mammoth Empire Holding Sdn Bhd and Knight Frank Sdn Bhd on the project.

The Ritz-Carlton Hotel Company president and chief operating officer Herve Humler said the hotel would be a welcome addition to their growing Asian portfolio.

Mammoth Empire Holding Sdn Bhd Datuk Ng Yee Teck said “Empire City is a sustainable project that will give a huge boost to the Malaysian economy, igniting business and service trade opportunities while offering numerous job opportunities and lifestyle enhancements for Malaysians, particularly those residing in the Klang Valley.”

Empire City spans 12ha and will be built in phases. The components of the development include over 2.5 million square feet of retail space, 1.2 million square feet of office space and the Ritz-Carlton.

The new Ritz-Carlton hotel will be designed according to the hotel standard.

MK Land to develop land Damansara Perdana land with Mammothpsj
Saturday, 31 January 2015






PETALING JAYA: Saujana Triangle Sdn Bhd, a unit of MK Land Holdings Bhd, and Mammoth Empire Land Sdn Bhd have inked a deal to jointly develop a mixed development project on an 11.78-acre plot of land in Damansara Perdana here.

In a filing with Bursa Malaysia, MK Land said under the agreement, Saujana Triangle wasentitled to RM82.12mil for contributing the leasehold land - at RM160 psf - or 22% of the gross development value (GDV) of the development project, whichever shall be the higher. Mammoth Empire Land will be the developer of the project.

It said Mammoth Empire Land was expected to settle Saujana Triangle’s entitlement within a year from the date of the joint development agreement.

“The joint development will complement our plans to expedite the development of our landbank in Damansara Perdana,” MK Land said in a statement yesterday, adding that the deal also represented a strategic opportunity for the group to venture into property development with other reputable developers.

It said the joint development was also expected to contribute positively to MK Land, adding that no source of funding was required from MK Land or Saujana Triangle.

It said Mammoth Empire Land would be responsible to provide the necessary financial strength and resources to meet the development costs of the land.

MK Land closed half a sen lower to 42.5 sen yesterday, with a market capitalisation of RM518mil.

Share price drop despite the big announcement.
Mk land also forget to mention they have huge amount due to pay to the Armanee Terrace 2 buyers, same goes to Empire group on Empire residence.

How is MK's new show room for Rafflesia? I have been blacklisted by them coz I visited too many times...

Rafflesia? Still got units unsold?

yes plenty

non gng, no club house, leasehold, 3,5 mil price tag. Poor workmanship, still interested?
Surronding got many choice

Any AT2 owner filing lad with mk? I Bought mine in 2010 and wonder if any owner had hired lawyer to process lad.

Well MK Land wasn't late in delivering the MSQ Block B and Block C. But maybe because they weren't late that there are defects here and there.

I was just at armanee, looking at the progress of AT2, doubt it can complete in mid 2015, now mar 2015, one of the wing facing forest still has work in progress and the landscaping not done yet.

that's not good