Tamansari To See Capital Appreciation Of More Than 10 Pct
July 29 2009

KUALA LUMPUR, July 29 (Bernama) -- The TamanSari Project which involves redevelopment of the former site of the Pekeliling Flats in Jalan Tun Razak, will see capital appreciation of more than 10 percent in the next two to two and a half years.

Project owner Asie Sdn Bhd's chairman Datuk Abdul Khalil Akasah said the normal appreciation value would go above 10 percent after two-third's completion.

"We hope that the site will be cleared by the end of this year and the foundation completed by March," he told reporters at a luncheon here Wednesday.

A revolving tower, is the iconic feature of the first phase of the project, which is tipped to be another unique architectural development in Kuala Lumpur.

The project is to be developed by Taman Sari Development Corp, a joint venture company with Asie having a 20 percent stake.

The first phase of the TamanSari project which covers 3.754 hectares includes the development of the 60-storey revolving tower, 242 units of service apartments and a four-storey transportation plaza podium connected to a transportation hub.

Beside the revolving tower, another unique aspect of this project is the buildings, that would be developed to withstand earthquakes.

The planning of TamanSari or the Riverside Garden City is by renowned town-planner, Goh Hock Guan and Associates (GHG).The company was also behind the development of Kuala Lumpur's first hotel, the Federal Hotel.

According to GHG principal Goh Hock Guan, the concept and system of the revolving tower is new, and is expected to be patented.

"Besides that, the building will be specially designed to resist earthquakes of up to a magnitude of 9.2 on the Richter scale.

"For this purpose, the company has already assigned a specialist in earthquake design to the project," he stated.

GHG will also implement an environmentaly friendly design, in support of green technology in the country.

Residential units will be up for sale by early next year.

-- BERNAMA

Let's hope it's onsssssss

Slowly but surely

Asie 4 acres only cannot do much la. Probably some mix development only. But the pekeliling land 200m away from TR resi which is owned by some sultan will be a whole new diff story lo 😈😈😈

Above 17th floor increase 3% but new discount is 13%. Below 17th floor only 10% discount. So basically high and low floor all same now?

Got APDL already?

The one which is currently fenced up is Asie's land (next to TR)

Pekeliling land is the huge piece of land (way bigger than Asie 4 acres land) opposite TR across jalan tun razak where the MRT 2 is under construction. Something very BIG will be sitting on that prime land.

Nearby TR but definitely not semenyih hahaha

Haha good one. I couldn't agree more

SA con you la. The reason why block A and B are connected now is because the Bomba did not approve the initial plan that Block A and B weren't connected.

Anyway it's less than 500k per unit for a 750sf which comes with 3 beds. TR is a no brainer With the surging catalyst of Asie land (can see some works going on there now) and also the redevelopment of Pekeliling land which is owned by a Sultan. Let's not forget the connectivity.

There is a wise saying that you should never invest somewhere you would to live in. I don't think it is applicable for everyone's but I don't think I would invest in a mil mil condo to enjoy it a yield cuz i would be bleeding by then.

There might be drop out don't worry. I was being kiasu and booked 3 units of 750sf myself. Not like I'm getting all 3.

This post has been edited by mthc: Mar 8 2017, 08:51 AM

Not your everyday bus stop. Its pekeliling bus hub. Many tourist buses stop there too. Also the redevelopment of the bus stop is in the pipeline.

Chap or not. You are investing for the future not now.

Just a poor man opinion. Don't shoot me. 😜

Come come I let go one unit to u.. 😬

Got benefit for me ah? 😍

I fully agree that commercials below may bring disaster than glory. Thankfully these commercials are not for sale and they will in turn kept and managed by MKH itself. Having said that not all commercials below condo are disaster. Look at tropicana avenue despite being startified commercial.

This post has been edited by mthc: Mar 8 2017, 11:38 AM

Level 30-34 (hotel suites) will be managed by MKH. The 12 units of two storey commercials below will be fully owned and managed by MKH.

The connectivity here is ridiculously good that MKH decided to pao ka Liao some units too.

But the facade like cow dunk. Haha wonder who will check in the hotel suites! Hopefully the facade will change as it's still in the very early stage as shown in the sales kit.

Haha you must be an expert for the Airbnb market

I couldn't agree more with you on this.

Here damn ONG to sublet to office crowd.

Lift is definitely a significant issue here but what I'm looking at is that the developer is keeping 5 floors to themselves and managing them as hotel suites. To add on to that, they also reserved the retails to themselves and managing them too. I don't think that a developer will want to reserve units to themselves if a developer has got no confident in this project.

Don't know. Cheap man opinion. Don't shoot me. Learning from all the many many guru here. 😅

River of life is Asie project. The land is 4 acres.

There are some work going on now.

No idea at all.

Ya wey bro