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Monday, January 14, 2008

Amaya Saujana makes the cut

All units will have either semi-detached or bungalow layouts and include three air-conditioners.

Sharp is the investor who can spot a "must-buy" at first glance. While he - or she - doesn't need to have rapier-sharp senses, a bluntas- butter acumen also won't cut it.

With the Amaya Saujana residential project, though, signals that it has the makings of a rewarding investment are fairly obvious, even to novices out to improve their wealth through real estate.

The bedrooms have been designed with ensuite bathrooms

The first sign is its location just off the Subang Airport Highway in Selangor and near the interchange leading to the Saujana Golf and Country Resort and the up-and-coming Ara Damansara township.

This corridor stretching from the Federal Highway to the proposed Malaysia International Aerospace Centre at the former Subang Airport is destined to burgeon into an upmarket residential and commercial precinct with a resort flavour, and is already drawing a stream of upgraders and high society folk.

The developer promises a high ratio of green to building in its recreational deck

Then there's Amaya Saujana's immediate neighbours: The Kuala Lumpur Japanese School, the Peremba Square office complex and the Saujana Golf and Country Club, which can provide the expatriate rental pool that investors need to ensure their purchases can yield lucrative returns.

Within the project's 6.02 freehold acres, signs that it will become a highly soughtafter address when completed in three years time are more evident.

From its resort-like setting and clubhouse facilities to its four-tier security system and internal floor layouts, developer Khuan Choo Development Sdn Bhd (KCD), a subsidiary of public-listed Malton Bhd, has crafted a host of magnets to draw purchasers.

Amaya Saujana's Gross Development Value of RM265.8 million will be derived through the sale of 378 residential suites housed in three blocks, each 13 storeys high.

Inside a typical block will be three-plus-one- and fourplus- one bedroom units of 1,569sq ft to 1,895sq ft styled with semi-detached and bungalow layouts.

At prices ranging from RM501,000 to RM891,000, purchasers can expect their units to be broadband ready and include ensuite bathrooms, three air-conditioners, premium finishes and two car-parking bays.

To obtain a yield of eight per cent per annum, purchasers would be looking at monthly rentals in the region of RM4,000 to RM5,000.

When Amaya Saujana is officially launched after Chinese New Year, the developer is expected to increase prices by up to 20 per cent, which should be enough reason for interested investors to move from the sidelines now.

Should more be needed, though, KCD is currently also offering a two-per cent early bird discount as well as an interest-free financing scheme during the construction period.

Since the project was discreetly unveiled some two months ago, half of the units in one block have already been spoken for, indicating the perceptive nature of investors.

A show unit has been completed at the site. Besides the Federal Highway, it is accessible from the North Klang Valley Expressway, North-South Central Link and Lebuhraya Damansara Puchong.

By New Straits Times (by Andrew Wong)

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