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Investment LIBERTY ARC @ AMPANG UKAY [OWNERS' THREAD], A massive 88-acre megaproject begins now

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kochin
post Oct 27 2015, 01:54 PM

I just hope I do!
********
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Joined: Dec 2009
From: Malaysia


QUOTE(Cantalope @ Oct 27 2015, 12:18 PM)
I booked liao lor. Want to wait somemore boh liao. Block B sold out. Block C left few units only. If want have to wait for Block A which will be higher priced when launched. Or u can hope for some ppl that want to release their booking if u lucky to find.

Overall, I see this is a good project. Good location. Good developer. Good package. This is the time developer gives good package.

Want to wait for official launch ah? can. Buy from second hand market lo see if lucky to get.
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boss, may i ask why are you so bullish on this project please?

no doubt absolute price is one of the lowest, but what's the game play here if you do not mind sharing?

did they present the overall masterplan?
with just approx 10% land size being used to launch their phase 1 at a staggering 1500 units.
what are the assurance that the developer would not repeat the same for the other phases?
if so, can we expect 15,000 units pigeon hole in the 80 odd acres?

not trying to be mean or sarcastic, but is just trying to gather more intel as i did not attend any preview nor approach by agents for the fact sheet on this project.

thanks.
kochin
post Oct 27 2015, 02:47 PM

I just hope I do!
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From: Malaysia


QUOTE(jinsailoo @ Oct 27 2015, 02:29 PM)
kochin kor tutup mata tembak satu biji jeh,
this is the 1st phase, when last phase launch we can cash out alraedy,untung kao kao!!
time is money, those early bird with enjoy good benafit
*
contradictory to popular beliefs that early birds have the best package, this rings truer especially for large scale and mix development projects.
in certain developments, it may be better to enter in the middle or even last to ride on the intended marketed product rather than early phase.

too early, may result in insufficient critical mass built up. too late, may miss the boat.
so timing is crucial.

give you some scenarios.
eg. commies in KD or even sunway giza, do you think 1st hand purchaser untung more or the people who entered sub-sales then?
same goes for damansara perdana enclave.

i think same may apply for EC too.

so to each their own in terms of investment strategies.

good luck boss!
trust that you are vested?
kochin
post Oct 27 2015, 04:51 PM

I just hope I do!
********
All Stars
10,319 posts

Joined: Dec 2009
From: Malaysia


QUOTE(Cantalope @ Oct 27 2015, 04:24 PM)
I can totally understand some may be wary due to insufficient information and the hush-hush way it is being marketed. I am too. So I did quite a fair bit of research to see is this a scam or not becoz it sounds too good to be true at first glance. From the bits and pieces of information I get shows this is a genuine project. Last Saturday at Googolplex Convention when Dato Vincent (Andaman CEO) actually appears on stage, it is the confirmation already that fits all the puzzles.

About your concern, will it be the only project sitting there on a big piece of land? IMHO, I dont think so. Why? Becoz they have already bought the land and need to service its loans. Why buy so big, every month pay interest, but not develop it? By completing first phase it wont be enough to breakeven for the purchase of the entire 88 acres also. So for sure they would need to launch the next phase, which would be a 2-3 bedroom condo units. Probably this project they would start to make profit. I have no visibility of 3rd phase yet but why go through so much trouble to make a little bit and stop at phase 2? So it makes sense to develop phase 3. The rumors I heard would be landed houses (Banglo/SemiD/Terrace).

Anyway, that would be too far to think for a 300k prop. At the current market itself, it is the cheapetest new prop sitting in Tier 1 realistically 15mins to KLCC. Yes I have actually went there to check the site and tested the travelling time. (10mins to jam down to Jln Ampang, 5 mins on AKLEH and you'll hit to KLCC parking.)  Comparing nearby undercon ones like Elements and MK Tower, this is a steal and even if market stays stagnant, upon completion, you can flip it at 950psft at least and still be cheaper than earlier completed MTower or Elements.

Not forgetting this is sitting on Selangor land and not KL land. So assessment would probably be cheaper also.

Bottom line, I think its a great deal. More importantly, it is a genuine project. The reason they cant market it openly yet is becoz they havent get the approval I supposed since the land purchase is being completed not long ago only. If you check the stock price of Ecofirst, there is a huge spike of volume in early October. Chances are it is institutional buying or huge capital injection in the form of stock purchase (Andaman or Insider).

Hence, I am fairly confident and straight away grab my unit. Some ppl didnt even do any research and grabbed a few already. Many left disappointed unable to get any last Saturday.

Hope that addresses your question.
*
sounds like a plan.
good luck!
kochin
post Jan 7 2017, 04:43 PM

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From: Malaysia


Is this project going ahead or stalled already?
kochin
post Oct 21 2019, 10:36 AM

I just hope I do!
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Joined: Dec 2009
From: Malaysia


still pondering whether i will be regretting not buying this or not.

pros:
looks great
strategic location

cons:
insane number of units
potential abandonment then but now it's nearly completed

 

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