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Monday, February 4, 2008

Buyers snap up Legend Water Chalets phase 2

ABOUT 70 per cent of the Legend International Water Homes in Port Dickson, a prestigious project undertaken by the Kuala Lumpur Metro Group, has been sold even before completion.

Located at Tanjung Gemok, about 2km from Port Dickson town, the project is the second phase of the Legend Water Chalets, and is scheduled for completion in the first quarter of 2009.

The first phase, opened to the public in 2006, saw all 392 units sold with the majority opting for the rental payment scheme. The scheme allows owners to lease back their property to KL Metro for six per cent rental income per annum in return.

The second phase was recently launched by the Yang di-Pertuan Besar of Negri Sembilan, Tuanku Ja'afar Tuanku Abdul Rahman.

A majority of the buyers are from the Klang Valley while overseas buyers, who make up about 30 per cent, are mostly from North America, Western Europe, the Gulf region and Asia Pacific.

Almost 70 per cent of the 249 units on offer for the second phase, which offers a more high-end concept, have been snapped up.

The units include 166 water chalets, 44 garden chalets and 39 sky pool villas. Prices range from RM300,000 to RM1 million.

As in the first project, the second phase will also be managed by the Legend Group of Hotels and Resorts.

The Legend Water Chalets is designed with a Tropical Balinese touch, offering choices of tumble stone and tropical hard wood floorings and elevated bedrooms. One unique feature, and a selling plus point, is that each unit has its own private pool and open air garden.

KL Metro is now working on developing another resort project on a joint venture basis with the Malacca state government.

By New Straits Times (by Ridzwan Abdullah)

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