KUALA LUMPUR: Amphil Corp Sdn Bhd officially launched the sale of its Rimbun @ Embassy Row triplex penthouse for RM25 million yesterday.
“As a boutique developer, we are unfettered by the tight time and revenue constraints of larger, fast-paced, multiple-project developers,” chief executive officer Datuk PK Poh said.
“As such, we can be more generous with our condominium features and offerings, and stay more focused, nimble and responsive to your needs,” he said.
The RM200 million gross development value of the Rimbun @ Embassy Row condominium comes with two units of penthouses, of which only one has been released for sale. The unit boasts 18,000 sq ft spread out over three floors. The buyer will have the option of creating his own design and layout of the space.
The first floor of the penthouse is the private quarters for the owner, while the second floor offers a ballroom-like space with a grand ceiling height of 8.6m. The third floor roof deck will have ample space for a covered lounge, plunge pool, garden or putting green.
[email protected] Row will have 25 green features. It has been awarded the Green Mark Gold Plus provisional certification by the Building and Construction Authority (BCA) of Singapore and will also be in line for BCA’s Conquas quality assurance certification.
Slated for completion by Chinese New Year next year, 28 of the 56 units have been sold since September 2013. Prices range from RM1,100 per sq ft (psf) to RM1,400 psf or from RM3.5 million.
“Most buyers are buying to live in rather than for investment purposes,” said Poh. However, he predicts that rental yields will be at 5% to 6%.
|Poh: As a boutique developer, we are unfettered by the tight time and revenue constraints of larger, fast-paced, multiple-project developers.|
This article first appeared in The Edge Financial Daily, on May 9, 2014.