Monday, July 7, 2008

PROPERTY NEWS..

AUSSIE CONCEPT FOR AMVERTON PARK
A very good news! Did everyone know that a nice Australian-inspired residential development is coming up in Shah Alam?
Yes! Yes! its true..It is called AMVERTON PARK, this 30 acre freehold development by A & M Realty Bhd, is within the established neighbourhoods of Bukit Rimau, Kota Kemuning, Kemuning Utama and Berjaya park..
The Developer AMJ Properties Sdn Bhd, a subsdiary of A & M Realty, will build up 190 Bungalows (with individual titles) over five phases. It has built three bungalows and two more are constructed at the site..
Purchaser can choose from five designs for Phase 1- Alfresco, Grandieur, Maestro, Pavillion and Vista with features like big window panes, 20 feet front lawn, alfresco terrace, double volume ceiling in the living area, sliding glass doors, 8ft-high doors, attached bathrooms and walk-in wardrobes in the bedrooms..
And guess what is the price? RM1.5mil to RM2.8mil for a dream home! 4,100 sq ft to 7,000 sq ft built-up and land size of 5,400 sq ft to 15,000 sq ft. About 80% of the 36 bungalows launched under Phase 1 had been sold. Although the facade has the contemporary modern look, many aspects of the interior layout are reminiscent of Australian homes. There are features like a spacious dry kitchen that opens out to the dining area and which in turn, opens into a large alfresco terrace, reflecting the Aussie love for the outdoors..
Like Australian homes, there will be no fences or walls to separate the houses in the gated community, but there will be small gate towards the rear garden for privacy. it also has the Australian "Green Street" concept where utility cables and drains are underground..
Amazing isn't it? Amverton Park will have a gross development value (GDV) of RM330mil, 20 more bungalows under Phase 2 would be launched in September. It's Amverton brand is also extended to a high-end two-tower condominium called Amverton Kiara in Kuala Lumpur that might be launched in the third quarter this year. The 2,500 sq ft to 4,000 sq ft unit would be priced around RM750 psf to RM800 psf. One tower will have penthouse at the top while the other will have a sky lounge with swimming pool and entertainment area..Each floor will have a mix of unit sizes so that one can buy say a 4,000 sq ft unit and a 2,500 sq ft adjoining unit and create a door between..Buyer's can have one large unit of about 7,000 sq ft, a mansion in the Sky! and this project with RM500mil GDV, is 160 metres above sea level overlooking Mon't Kiara.. Isn't amazing..!

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