Another new launch in KL City named The Mahattan !! Anyone heard this before?


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This is Ireka project?

Interesting name.

Will get flooded by Super Storm or not?



Just joking

i do believe the show unit is ready.
berapa lui?

This is the project next to Wisma Goldhill (opposite ING). On Jalan Raja Chulan.

Not Ireka project.

rm1500psqft ?

Nice n pricy

If selling for 1.5mil, the name itself alrdy worth 0.5mil

This post has been edited by InF.anime: Nov 2 2012, 09:55 PM

Oppss... Miss the N.

Anyway, rm1500psf + small layout + ff + discount + freehold + launching next year + SG boss + dtz marketers... Should be ok isit?

At 1.5k still below psychological 1mil mark. Think it should do well given the location and product. Can compliment st mary big sized units nicely. Got money can buy qua with upcoming catalyst in nearby jsi and jrc itself.

Why this building surrounded by so many trees? Izzit in the forest or in the city?? Hahahaha...

Dont bother by the ai la. But still cpuldnt locate the exact site of this manhattan.

Opposite Menara ING...

Looks like the value is on the name.

When is this launching? Anyone have more specific details with size of unit? Time to crunch some numbers.

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Added on November 3, 2012, 2:58 pmJust called the SA, awaiting her email for more details. 1st preview on site at 15th of Nov (Public Holiday). Will update you guys once I have it.


This post has been edited by Xccess: Nov 3 2012, 02:58 PM

Their website don't even work - http://www.dtz.com.my

Hi Guys,


Below is the information I've gotten, will register with them and hopefully able to head for their 1st preview.

.................................................................................................................................................................................................................................
We are pleased to inform you of the exciting new development coming up in Jalan Raja Chulan, developed by the well-established United Engineers Limited, Singapore.

This is a 30-storey residence carefully designed to suit the current market demands with most of the units being optimally-sized 1 and 2 bedroom units. Basically there are three facing i.e. KL Tower, KLCC and Bukit Bintang.

Strategically located in the heart of Kuala Lumpur city centre, this freehold development is also a stone’s throw away from the Bukit Bintang shopping belt with its entertainment, shopping and dining amenities.

The investment potential for this development is undeniable, being in the vicinity of some 30 office towers within 10 minutes’ walking distance.


Total is 129 units. Majority are 1 and 2 bedroom units.

Freehold and on a 0.47 acre site.

The proposed configuration (subject to final confirmation) is as follows:-

1. Typical units (Level 10 – 27)

(a) 1 bedroom (588sf to 741 sf)
(b) 2 bedroom (870 – 1,093s)

2. Loft units (level 28 – 29)

(a) 1 bedroom (872 -917sf)
(b) 2 bedroom (966 sf)
© 3 bedroom (1,226sf) – only 4 units in the development.


Average price psf is RM1,500. It should be around RM1,350 after deducting some incentives.
.....................................................................................................................................................................................................................................

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Added on November 3, 2012, 3:52 pmBro, their website is working, this is the correct link http://www.dtz.com/Malaysia?vgnLocale=en_GB


This post has been edited by Xccess: Nov 3 2012, 03:52 PM

0.47ac site. Only singaporean can make this work or else hongkies with their typical space constraint problem. If at 1350, it should be well received i guess when areas like pj icon already shooting 1k psf.

Bro Kochin, so you think still worth getting a unit there? Both my wife and I were very interested in this project, need expert opinion and research.

Depends on the price lor. Make no mistake. I am not an expert. Just personally like this part of town.

Noted. I like this part of town too, freehold makes it appealing to me and not forgetting low density. You going for the preview? They have yet to finalise the preview because 15th of Nov (Friday) is a public holiday which link to weekends, developer afraid low turn out as people leaving town or going for holiday.

URL not found. Invalid link?

Did you try this link? http://www.dtz.com/Malaysia?vgnLocale=en_GB

DTZ is just a marketing team for this project. Developer is United Engineers Limited (Singapore), if you need information for developer try this link http://uel.com.sg/

This post has been edited by Xccess: Nov 3 2012, 09:39 PM

I barely make ends meet. How would i be able to afford such nice luxury. All the best to you mate!

Small plot of land between Wisma Goldhill and Wisma MPL, just check using Google map with satellite image.

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Added on November 4, 2012, 3:38 pmBro, you are very humble. I'm doing my math to check if I'm able to get bank loan, my chance are pretty slim. Guess no harm popping by for their preview, drool and walk out with red eye.

This post has been edited by Xccess: Nov 4 2012, 06:20 PM

Appreciated if someone can post the preview date n venue ... I checked the website... No place to register for this property

Preview date not confirm yet, I suggest you make a call to them, they will email you the registration form.

This post has been edited by Xccess: Nov 4 2012, 09:52 PM

maybe this one only interested Singapore buyer?

Might as well buy in Manhattan itself while it's taking a hit, before insurance money starts flowing in within a few months time

Just saw the show unit at the site, barricaded. Not sure if they allow visitors. Honestly the land is so small I'm surprised they could build something liveable there.. From one end to the other (width) only takes 10 secs walk ... The land is between a mamak stall and Wisma MPL.. Which is opposite the land currently use for another development between ING and Menara Weld...

heart of town location

The name manhattan itself costs some huge amount of money, is it? No wonder Manhattan Fish Market price increased already.

u need to call them for registration.

I find that with this 1500psf pricing, there are many value buys at Persiaran Hampshire area. e.g. Panorama, Hampshire Residences & Hampshire Place.

Definitely there will be discount, price estimated should be around 1350psf, still on the high side though. Walking distance to Pavilion is why I like it but better head for preview then make final decision.

Highly doubt they will launch preview tomorrow cos till today no news yet.

how big is the competitor's unit?
this one the main selling point would be the size resulting in lower absolute price.

Very true. Am looking for small or studio unit so that investment cost can be lower. Cannot look at cost per sq ft alone

just wondering,how u guys planning on the rental ? short term as in 3 month ? or long term 12 month ? thanks.

Most owners will not rent for less than 1 year, thats my experience.

It's possible for owner to rent out for less than 1 yr provided
1. Premium rental. 10-20% up normal
2. Owner is part time agent. Can save the commission.

If the unit is close enough to where I stay and monitoring is not a big hassle, I don't mind rent out for short period.

Today is the preview?

Just wondering how this is project compared to setia eco city. Both around the same price per sq ft.

Preview postponed until further notice. I receive email from them

Location wise is good, but not sure if this area got a good potential for rental yield...

Ecocity is a huge integrated commercial/residential/transportation hub in 'bangsar' .. Boosting LRT-komuter interchange ... Sounds a bit like an existing and almost completed KL Sentral.... No?

The other is in KL's CBD , fronting Raja Chulan ...
For the same psf, if I had the money, I know where I will put it

SA came back to me with a short message today, I'm sure some of you already inform the brief details below. (Information still pending confirmation)

1) Units from 19 level and below will be fully furnished with GRR of 5% P.A for 2 yrs (what is GRR btw)
2) Units from level 20 upwards unfurnished and no GRR
3) DIBS with free legal fees for both Loan and SPA agreement under panel lawyer and bank (OCBC, HSBC and MBB)
4) 5% rebate and some discount (Never specify what discount rate yet)
5) Booking fee RM20K.
6) Launching date not confirm yet but should be pretty soon.

Just sharing what I've got here and please note these information still pending confirmation.

This post has been edited by Xccess: Nov 23 2012, 05:40 PM

GRR= Guaranteed Rental Return

Ohhh ok, thanks. Please pardon a newbie like me.

Boss,

It's ok, information sharing that's why we are here

Thanks Boss. So what's your take on this project? I know we still short of details such as price per sq/ft, can share your view given the location?

This post has been edited by Xccess: Nov 23 2012, 07:03 PM

Boss,

Location is good.

I need to know the price / sqft first to determine the target tenant in this place

actually even at rm1,500psf, still think it's whackable. kekeke. this is true cbd address.

Wow, you really like the project and the location.

yeap. if only i can afford it....

Boss,

If you can't afford it, then I'm definitely out..hahaha

I thought CBD should br around klcc?

boss, from this development to walk to pavillion is arnd 10min tops.
go through the elevated ac pedestrian walkway can have sheltered passage all the way to klcc.
not good enough kah?

say 550sf at rm1.5k = RM825k
say 5% rebate = RM784k for fully furnished studio in the heart of the city.
think it's reasonable lah.

but that's just me.
say rm3k rent would be arnd 4.5% gross.

Bro, with a very low ROI of 5% and price of RM784K, we need roughly RM3300/month. If ROI 7%, we need about RM4500/month. can get?

IMHO, if you really see the potential of that place be it short or long term, then no harm just cope with the low ROI..but make sure your holding power is good

Yup i agree with u. see potential in manhattan kl
but honestly, there are many2 others that are better due to location near to pavilion and klcc and cheaper than manhattan

+1

Mind to share which others?

How about The Horizon and Tribeca? Maybe you wanna use this as comparison? I'm eyeing that land by TA Global Sdn Bhd near Pavilion, opposite Audi showroom but don't know when they will announce their project.

By the way The Manhattan is ready for viewing starting today, I was quoted there's adjustment on the price which come up to 1500 - 1600 per sqft funny that they don't have confirmation on the discount offered and yet open for viewing

I'll see if I'm free to pop by later. Will keep you guys posted.

This post has been edited by Xccess: Dec 15 2012, 10:48 AM

Do keep us posted. Thanks

Came back from viewing show unit, I would say not bad but they've yet to have all details work out, not sure when it will be out either. Those interest can just go to the showroom.

Not allow to take photos so can share anything here. Sorry guys . Now taking Quill City Mall into consideration, until I have further details for both projects then only can make final decision.

This post has been edited by Xccess: Dec 15 2012, 03:55 PM

How much are they selling? Low floor and high floor.?

Bro, they have yet to finalise the pricing and discount as mentioned. This viewing is for the purpose of accepting booking in advance before the official launching. No idea when those details will be out, should be within these 2 months.

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Added on December 22, 2012, 4:36 pmThis is the message I've received today.

Loft 2 bedrooms is RM 1,741,000 on Level 28 and RM 1,745,00 on Level 29th (Highest floor). 5% discount while balance 5% payment upon signing of SPA. I did not ask for further details as you can see the price have shot up quite a bit. For those interested please call them or proceed to their showroom for further quiries.


This post has been edited by Xccess: Dec 22 2012, 04:36 PM

there is a detail review of this project ..

http://www.propcafe.net/themanhattanklcc/

from the review it seems not so good

Thanks for info

8% + 5% discount from the information above. Pricing from RM1.7kpsf so it works out abt 1.5kpsf small unit . Having said that new KLCC launches recently are > than this pricing even large units. Let's see what's Vortex Monoland price later

GRR is given to low floor units. but only for 2 years. It may fit for certain type of investors.

This post has been edited by MrHunter: Feb 14 2013, 01:26 PM

yes i have... there will be a launch in SG soon...

Dear TKTT's,

Any latest info on this development. I wonder how many percentage is the take up now, and of that, how many are local investors. A little bird says more than half are from our Souther neighbours...

Encorp seems to be doing well...

Star Biz Newss

not many units left...

is this good buy compared to the Robertson?

The Manhattan achieves 60% take-up



By Haziq Hamid of property.com
Friday, 10 May 2013 14:20 Bookmark and Share


KUALA LUMPUR: Singapore-based engineering company-turned-property developer United Engineers Ltd (UEL) has achieved a take-up rate of 60% to date for its first development in Malaysia called The Manhattan Residen 61 Raja Chulan. The project consists of serviced apartments with luxury condominium features.

The green development, which was officially launched in April, is located at Jalan Raja Chulan, next to Wisma MPL, in Kuala Lumpur.
It sits on a 20,236 sq ft freehold site and commands a gross development value (GDV) of RM180 million.

The single 30-storey tower comprises 129 units with built-ups of between 588 and 1,258 sq ft.
The average price ranges from RM1,600 to RM1,700 psf.

The project also includes facilities like an infinity pool, fully equipped gym, multipurpose hall and barbecue station, all located on the 8th floor.

According to a spokesman for The Manhattan, to date 60% of the units (excluding those reserved for bumiputeras) have been sold, of which about half were taken up by foreign buyers.

“We believe mega infrastructure projects such as the mass rapid transit system and the newly announced high speed rail project linking Kuala Lumpur to Singapore will boost sales at The Manhattan,” he said.

He added that developments in Iskandar Malaysia, Johor, and the east coast economic region will also generally have a positive impact on the Malaysian property market and economy.

Although The Manhattan is UEL’s pioneer property development in Malaysia, it has been involved in various other businesses in the country for decades.

“As such, our familiarity with the Malaysian market as well as the proximity between the two countries will continue to be an impetus for the group to look for sustainable business opportunities in Malaysia,” the spokesman said.

Its various businesses include extending support services to many hospitals and healthcare institutions in Malaysia, facility engineering, housekeeping, linen management and biomedical equipment maintenance.

Construction work on The Manhattan will begin in the second half of 2013 and is expected to be completed in the first half of 2016.

UEL was established in 1912 and is one of the first companies in Singapore to be listed. It has a rich engineering background with core strengths in engineering, construction and integrated property services.



This article first appeared in The Edge Financial Daily, on May 10, 2013.

http://www.theedgeproperty.com/news-...0-take-up.html

Updated: Friday June 28, 2013 MYT 11:31:01 AM
Encorp unit bags construction job


PETALING JAYA: Encorp Bhd via its unit Encorp Construct Sdn Bhd has secured a RM69.9mil construction contract from NRY Architects Sdn Bhd for the main contract works for a 30-storey serviced apartment at Jalan Raja Chulan, Kuala Lumpur.

In a filing to Bursa Malaysia, the company said the contract was for 27 months from June 28 to Sept 27, 2015.

It said the award of the main contract was expected to contribute positively to the earnings and net assets of Encorp group for the financial years during the contract period.

Anyone know how's the sales so far??

small units sold out

Jus passby this construction lately, VERY VERY slow progress (if any).. I feel like this one is abandoned n maincon is encor... I think this is only a 4 star location as it remains far from klcc n nearby all low end opis like mpl, mamak beside etc.. Dnt think this is/was or will be a good buy..

More than 3 yrs already i guess.....singaporean developer. Teruk. Not doing well at all.

I heard las yr got some work n now no more d.. sibeh abandon i guess.. nvr liked this place n future eyesore leh Btr buy from those reputable developer from msia..

Stopped work now? Omg

Yes 95% sure stop work.. sometime soon when i passby the area will take a pic for ull to see.. NO construction work for a few month (at least) is confirmed by my friend..

The problem is with the maincon.

Developer is ok. Almost sold out, according to DTZ,

Piling already done, now built up to 2nd floor.

Work resume?

the worker already working at the site.

looks completed.


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does not look as nice as i thought it would be.
still a nice addition to the city though.

When we are booking for new project, can we know who is the main con?

Look ok from the front


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Heard VP has been issued, anyone been to see it in the inside?
Still got some units left it seems but probably the bigger sizes

GD Builders. From China I believe.

They opened up a sales booth in the lobby of my office. Will check tomorrow on what is available.

Does anybody hw many units is bumi units tho ? Heard from agent that they just released bumi units after gained approval.

Hi if anyone look for the unit in The Manhattan. can pm me 60185709445. I do have some unit for good deal