TA Properties' maiden project in the KL city center area is finally delivered in March 2009. There has been multiple ads in the classifieds ranging from RM860psf to the dream heaven RM1200psf. Which means this golden project can be acquired for under RM1million in the heart of KL, in direct competition against Marc Residence, KL Parkview and Meritz. The smallest unit is the 929sf 2 bedroom and the largest goes beyond 1700sf.
The pool is on the ground level, along with a very small gym.
A water stream runs on one side complete with waterfalls and flying metal birds.
So, with the small 2 bedroom units valued at around RM1million each, and the going rental for 2 bedroom units going at about RM6000/month provides approximately 7% returns. However this is really unusual times... tenants are hard to come by and I have heard of many desperate owners who are willing to rent well below RM4000/month just enough to cover interests rates. If you are keen in this property, I would watch it for a while... with the unusually large presence of speculators who bought into this project, it will be a matter of time before a fire sale comes by.