Not trying to pour cold water.
But supply exceeds demand in that area (due to most UPM students are forced to stay in hostel).
2-3 years from now, it'd be super crowded/congested area. If you noticed, the hill next to the construction site, tons of houses coming up.
And as a somewhat luxury condo, the selling price must be supported by rental rates. In M'sia, only expats would pay good money for condos.
Further if u enquire around, within 500 meters from Bkt Ikhlas, there're a lot of 2 storey terrace hse for sale. 1500 ft² land area, freehold for around RM200k.
Dump in the RM45k for renovation, u may have a 2 storey landed property with approx 2000ft² built-up area.

U meant the road which cuts through to Tmn Puncak Jalil via Tmn Equine?

Yeah, another plus. There'll be an interchange for the currently under construction KL-Putrajaya highway (nearby).

If it really materialised, good news.