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Monday, June 9, 2008

Amaya Suajana appeals to foreigners

Generous green space and layouts at Malton's latest high-end condo are two draws luring expats

"I like the area - it is well located and offers easy access to major localities in and around the Klang Valley," said Matsi Yamagato (not his real name) about his decision to purchase a unit at Amaya Saujana, the latest upmarket condominium taking shape in Subang's Saujana Resort locale.

"I also like the fact that the Kuala Lumpur Japanese School is next door, which is great for my children ... and that the Saujana Golf and Country Club is just across the road, which is fine with me!"

Other landmarks Yamagato is close to by opting to take up residence in Amaya Saujana include the Peremba Square Office complex, the up-and-coming Ara Damansara Township and the future Malaysia International Aerospace Centre, to be built on the former site of the Subang Airport.

"This area is rapidly evolving into an upmarket residential and commercial precinct - you don't have to be astute to recognize the potential for property values to appreciate," said Yamagato.

His enthusiasm for the project, along with that of 20 other foreign buyers, lends credence to the forecast by developer Malton Bhd that Amaya Saujana will attract the interest of expatriates.

From an investment "buy-to-let" point of view, it looks promising too, going by the prevailing rental yields in neighbouring developments.

According to Malton's sales and marketing director Tracy Lai, units in Saujana Resort can fetch monthly rents of between RM4,000 and RM5,000, and generate yields of up to eight per cent.

The RM276.1 million Amaya Saujana, being developed by Malton subsidiary Khuan Choo Development Sdn Bhd, is taking shape on 6.02 acres of freehold land fashioned to be low in density and green.

"One of its big draws is the high green space ratio surrounding the project, which appeals to foreign and local homeseekers alike," said Lai.

The three towers of 13-storeys that make up the project will accommodate 378 residential suites designed to appeal to those with a penchant for space.

The three-plus-one and four-plus-one bedroom units will be styled with semi-detached and bungalow layouts in sizes ranging from 1,569sq ft to 1,895sq ft.

Priced between RM605,000 and RM918,000, Lai said buyers can also expect units to be broadband ready and fitted with quality finishings such as porcelain tiles and laminated timber flooring, decorated plaster ceilings, eight-feet high timber doors and ensuite bathrooms in every room. All condos will also come with three air-conditioners.

Amaya Saujana will also offer lifestyle facilities and amenities, such as a cafe, garden pavilion, sauna, pools, tennis and basketball courts, gym, exercise stations and a playground.

Said an expat buyer: "What appeals to me about Amaya Saujana is that i get to feel as if I'm living in a landed home, enjoy a resort like lifestyle, but at the same time feel safe because of the security that condos provide."

The project will be equipped with a four-tier security system involving guarded perimeters, CCTV monitoring and card access at the car-park and lobby levels. Access will be limited to individual units levels and the facilities deck.

"For convenience, every unit will have a direct intercom link to the guardhouse to facilitate visitors," Lai said.

Considering that the project was only launched late last year, she said response has been "extremely positive".

"We've sold over 90 per cent of our first phase launched in November 2007, and over 50 percent of our second phase, which was only unveiled last month."

Lai added that Amaya Saujana's early buyers have already benefited from an almost 20 percent increase in prices.

"But there's still room to gain for those who buy now, as the area is continuing to blossom."

With construction currently underway, the project is due for completion by 2010.

By New Straits Times (by Chris Prasad) (Article on 1 June 08)

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