Fair to developer, land price is not cheap now.
Damai 206 is going to complete soon and is along Jalan Ampang.
Only 18 units with 2 each floor, Minimum RM3.0million , average RM1100 psf, partly furnished.
How to buy low density property ? Want to buy ?

Problem is some 1k units developer also selling at 8-900psf

Pls buy some more....hehehhe...

PERMOHONAN KEBENARAN MERANCANG BAGI PELAN SUSUNATUR 2 PLOT PERNIAGAAN TERDIRI DARIPADA 4 BLOK BANGUNAN PANGSAPURI SERVIS 45-47 TINGKAT TERMASUK 9 TINGKAT PODIUM YANG MENGANDUNGI KEDAI, TLK DAN KEMUDAHAN SERTA 1 TINGKAT BASEMENT TLK DI ATAS LOT PT. 14324 (LOT 18152) BATU 4, JALAN AMPANG, MUKIM HULU KELANG DAERAH GOMBAK, SELANGOR DARUL EHSAN

Lulus Bersyarat: 18-Jan-13

http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=409580&S=S

siao......................... why so many units 1...

The supply at this stretch of ampang ll increase few folds. If it is affordable, why not. Good location for ownstay. Not affordable, too bad..compete rent then. Lets see how it goes in next two yrs.

Perhaps the lrt station will materialize with this volume

L&G plans RM788mil apartment project
by liz lee | The StarBiz | Wednesday February 12, 2014 MYT 7:31:59 AM
http://www.thestar.com.my/Business/Busines...014-or-early-2/

PETALING JAYA: Land & General Bhd (L&G) plans to launch its second Ampang serviced apartment project by the end of this year or early next year, having obtained shareholder approval.

The joint-venture (JV) project with the Malaysia Land Properties Sdn Bhd (Mayland) group has a gross development value of RM788mil.

With a gross development cost of RM558mil, L&G should see an estimated profit of RM230mil from this project in its 2015 financial year.



from thread: https://forum.lowyat.net/topic/3029866

Managing director Low Gay Teck said the project would not contribute to the group’s revenue in the current financial year.

“We are launching the project later this year or early next year. Hence, there will be no financial impact in the 2014 financial year ending March 31,” he told the media after its EGM.

The long period before the launch, he said, was due to some amendments the group had in mind for the design and planning of the development.

“We are trying to include features like dual-key units and 3+1 bedroom units and are awaiting approval from local authorities,” Low said.

The new development will have four 46-storey apartment blocks and will be launched in two phases.

Low said the group was looking to price the units at about RM900 per square foot.

For the next 15 months, however, the group is targeting to achieve unbilled sales of RM600mil, supported mainly by its Bandar Sri Damansara and Ampang projects.

The group had in January proposed a JV between its wholly owned unit Pillar Quest Sdn Bhd and Mayland’s wholly owned subsidiary Positive Valley Sdn Bhd to develop a 2.29ha land off Jalan Ampang for a total cash consideration of RM118.49mil.

The land is adjoining its Elements@Ampang project. The property developer secured a 100% vote for the JV.

Low said the JV with Mayland followed the successful collaboration between both developers for the Elements@Ampang serviced apartment project.

“Based on our buyers’ profile for Elements, 80% of the purchasers were locals from the 25-to-45 age group,” he said.

On the expected softer property market in 2014, Low said statistics continued to show that the Malaysian population growth outweighed the number of new residential products in the market by six-to-one.

“As a long-term developer, we have to look from a macro perspective. There is no glut.

“Sales may be slow for a while from a knee-jerk reaction, but the actual demand or interest in property has not waned.”

Profit of RM230m over GDV of RM788m=29%. Considered very good..

L&G and Mayland entering into JV? Two developers with their fair share of market perception and legacy issues.

hope the combines resources will eleminate each othrer weakness and not make the issue worse.

8trium sri damansara? Many office still vacant after vp more thn 1 year, cant rent out.

ASTORIA AT AMPANG
http://www.astoria-ampang.com/

Coming Soon.

what sizes are we looking at?

Anyone went for the Preview yesterday?

Preview at whr? Plaza damas?

why preview on a weekday? friday also ok laa

How much psf? Wats smallest size?

800psft ++ @ 560sft