I can't remember exactly, but i booked the 685sf unit and cost around 800k with discount, so it was around Rm1k psf. But later the developer said want to change the floor plan and make it fully furnished and increase the price so i thought this developer Suka suka change plan and is not reliable.

lucky u this time

Scary... but have to exercise our judgement!

So u withdrew? When signing SPA? And wats the sales status like?

3 rower 500psf when first launch, but kosong everything, no free legal fees or whatever, this NOVO also very high risk. There are few workers in the site everyday but no progress for around 2 years.

I think those along jalan ampang mostly not performing, even Meritz and Avenue K residence directly opposite KLCC trading at around 1000psf - 1100psf. This NOVO opposite Gleneagle selling 1400psf reminds me of Panorama KLCC launch price 1300-1400psf now selling below developer price at around 1000psf and still struggling.

Abandon Index : 95/100

I cancelled the booking before signing S&P. Got the my refund without issue.

so gloomy..storm clouds gathering. maybe dbkl and preasrana better fastrack the proposed brt here...and charge REASONABLY.

NOVO Ampang Details
Development Name : NOVO Ampang
Developer : Alfranko Developments Sdn Bhd (Wholly Subsidiaries of Alfranko Group)
Land Size : Approximately 1 acres & above
Expected Completion : 4th Quarter 2018
Tenure : Freehold
Land Use : Commercial (Service Apartment)
No. of Units : 421 units
No. of Storey : 38 storey
No. of Tower : 1 tower
No. of Units per Floor : 16 units
Maintenance: RM0.40/sf
Built Up Area:
a) (1 bedroom) 686sf
b) (2 bedroom) 848sf, 951sf, 997sf

Each unit comes with 1 car park

Average Selling Price (Gross) : RM 1,400 psf (Fully Furnished)



This post has been edited by jcvstlys: Sep 8 2015, 09:53 PM

any one still interested please contact me via call/sms/whatsapp @ 014-2357923 @ ashraf or email to ashrafsaleem@live.com.my

any one more interested on this project can directly contact me @ 014-2357923 or email at ashrafsaleem@live.com.my...Thanks and regards

Yesterday I pass by the site saw the construction very fast. I also received an invitation few day ago about CNY event in their show room.

What's the price for this?

686sf start from 1m

above forumer answer your question .

.

For the Investment Package

Assume Selling Price @ 1,051,800

ShowRoom Rebate = 6%

Nett : RM 988,692

Loan Finance 70% @ Interest Rate 4.40% for 25 Years, Monthly Installment @ RM 4050.xx

Plus Maintenance Fees @ RM 0.40/sqft x 686 = RM 27x.xx

Installment + Maintenance = RM 43xx.xx

Rental Return 6% 1st-3 years @ RM 4943.60 - RM 43xx.xx = Rental Income @ RM 590.xx +-

Rental Return 6.5% 1st-3 years @ RM 5,355.42 - RM 43xx.xx = Rental Income @ RM 1,0xx.xx +-


-------------------------------------------------------------

1st-3rd years Rental Return per Annum - RM 59,321.52 @ RM 4,943.46 = RM 177,964.56
4th-6th years Rental Retrun per Anuum - RM 64,264.98 @ RM 5,355.42 = RM 192,794.94

Total 6 Years ROI is RM 370,759.50

This post has been edited by kasey1314: Sep 30 2016, 07:08 PM

Total of 36% Guarantee Return? Guaranteed by who?

This Investment Plan is brought by Ariva Hospitality and Novo Ampang Developer . With Guarantee 6% Return for 6 years.

For further details, you can walk in to the Showroom Unit to understand how

utilize the 1st-3rd Year Rental Return to cover certain portion initial investment.

This post has been edited by kasey1314: Oct 1 2016, 12:18 PM

Recently receive a email regarding this project, wondering what "SPECIAL" package they offering this coming weekend. Any owner here? Or anyone receive the "SPECIAL" email?

== SPECIAL EVENT INVITATION==

VENUE: Exclusive show unit, 7-1, MENARA HSC,187, JALAN AMPANG, 50450 KUALA LUMPUR
DATE : 22/4/2017 - 23/4/2017
DAY : SATURDAY AND SUNDAY
TIME : 10AM - 5PM

Property Details:

- 686sf to 997sf
- 1 & 2 Rooms / 1 & 2 Bathrooms
- Golf view
- KLCC view
- Freehold
- 3 tiers security
- Luxury hotel Sky Lounge Facilities
- Modern Interior Design & Fully Furnished
- Walking distance to Great Eastern Mall
- Walking distance to International School of Kuala Lumpur (ISKL)
- Across the road from Gleneagles Medical Centre
- GUARANTEE RENTAL RETURN UP TO 37.5%
- SPECIAL PROMOTION & FREE LUXURY TRIP TO OVERSEA (SPECIAL DEAL JUST FOR 2 DAYS ONLY) T&C APPLY
- Free SPA legel fee and disbursement
- Free loan legal fee and disbursement
- And many more information kindly refer to attached file.

GRAB IT FAST BEFORE YOU REGRET & HOPE TO SEE YOU SOON!!!

Our EXCLUSIVE SHOW UNIT are ready for viewving, kindly contact us to make an appointment:-


STEVEN : 012-3833352

THANK YOU VERY MUCH.

Perhaps you can drop by , can see what the offer about?

then u compare mine?

Hopes to hear you soon.

is this a 20 yrs project??😅😅

called to SA, expected completion early of 2019. Btw, already asking for site progress photo, if i got it, ll post it here. I'll go this weekend since nothing to do. Who knows got good offer?

kasey, are you NOVO SA? How is the sales then.