Coming fresh from deliver VP for The Element@Ampang, L&G has come out with their latest offering at the site next to Arte and close proximity with The Element. Called Astoria, the project consists of 4 blocks. Currently the developer is open up 43storey block A consists of 253units where booking of RM10K can be payable to lawyer as stakeholder to lock the booking.
The developer is in advance stage of obtaining APDL and SPA signing is expected to be in Jan/Feb.2015.
Overview
Developed in 5.7 acre of commercial leasehold land, Astoria bordered by Arte, the D’ Rapport (no construction progress to be seen) and AKLEH. Developed by Extreme Meridian (subsidiary of L&G), the developer is master developer of Bandar Sri Damansara and currently is developing Damansara Foresta. L&G in their joint venture with Mayland recently just handover the freehold 1040units The Element. This project will take 4 years and expected to be completed in first quarter 2019. Currently Block A is launched with block B~D will be launched in future. Location,
Accessibility and Amenities
The already congested area will be getting more congested when M-City, NOVO, Arte and now this Astoria streaming in next 4 years. Easily there will be 5000units of apartments in this area along. The main access to Astoria is via the Jalan beside RISDA building. The residents may also use the AKLEH to go KL City to avoid the congested Jalan Ampang.
Location of Astoria @ Ampang
There are plenty of amenities around Ampang and we have no doubt about the conveniences of living in this area. Just within 5km radius there are school, public transport, hospital, shopping etc.
Amenities
Site Plan and Façade
The developer’s website yet to provide much information at the moment
http://sqftglobal.com/property/astoria-at-ampang/
Despite seating on a commercial land, the developer has consciously omit the commercial such as shop from the ground. For most residents who appreciate some privacy and setup tilting residential, this is a good news for them. Furthermore, there are plenty of retails and shops around this area
Artist Illustration of Façade
Similarly to The Element, the façade is glassy with certain larger sizes have balcony. About the facilities on the development, in total there are 34 facilities on about 3-4acres of open space. Unlike The Element, there are no sky roof where residents can enjoy the spectacular view or fireworks during festive seasons.
Facilities on 6th floor
Floor and Unit Plan Layout
The units have been orientated with North and South facing. For Block A that currently launched, North Facing is with pool viewing and South is with view towards Arte. There are 7 units perfloor ans served by 4 lifts and units started from 6th floor.
Siteplan
Floorpan
Type A- 560sqft (1 bedroom)
Type B-735sqft (2bedrooms)
Type C-888sqft (2+1bedrooms)
Type D-1050sqft (3bedroooms)
Type E-1505sqft (Dual key + 4bedroooms)
Prices
The price starts from RM800psf and for smallest 560sqft 1 bedroom, the price is just below RM500k for the lowest floor. Regardless the sizes, the price for each floor is increased by RM4K however a whopping RM21K jump from 17th to 18th floor.
Financing
Some finance incentive is given to the buyers. Please check with developer on this
Specification, Maintenance Fee and carpark
Kitchen cabinet comes with hood, hob, oven, aircon and heater on master bedroom/bathroom will be provided by developer. However no indication on the brand or the quality of the cabinets etc. Therefore buyers is advised to lower the expectation until the show unit is built. The maintenance fee is at this junction is too early to be confirmed however RM0.35-0.40psf is expected. For any unit below 1000sqft (type A, B &C), 1 carpark will be provided and for unit>1000sqft (type D &E), 2 carparks will be provided.
Conclusions
This news might be interested to prospect buyers that may provide catalyst to the developments around this area. http://www.thestar.com.my/Business/Business-News/2014/08/21/MPHB-Capital-rises-to-high/?style=biz
Happy Investing!
Pm
Is it worth it?