KUALA LUMPUR: Tan & Tan Developments Bhd, a subsidiary of IGB Corp Bhd, launched the RM62 million Damai Residence on Tuesday.
“With its quiet, residential location just minutes away from Kuala Lumpur City Centre (KLCC), and a focus on privacy and excellent security and management, we are confident that Damai Residence will appeal to a wide demographic, including young professionals working in the city, empty nesters looking for a comfortable and convenient place to call home, and people who love the charm of the Ampang area,” said head of marketing Fern Chong.
The 20-storey freehold condominium comprises 30 standard units (built-up of 1,938 sq ft each) and a penthouse (3,961 sq ft). Each standard unit will have 3+1 bedrooms with 3 bathrooms.
They are priced from RM1.9 million to RM2.2 million. The penthouse will have 6+1 bedrooms and 6 bathrooms, and costs RM4.35 million.
Damai Residence is in the Jalan Ampang Embassy Row and accessible via Jalan Ampang and Jalan Tun Razak.
There will be two standard units on each floor from Level 3A to 18, while the penthouse will cover the entire 19th storey at the top of the building. Each unit comes with two parking bays and the penthouse with three.
The gated development will have exercise facilities on the mezzanine floor. Each resident is provided with a security card to allow access to the level where his or her unit is.
Nearby are Hock Choon Supermarket, Ampwalk, The Intermark, The Raintree Club, the Royal Selangor Golf Club, Prince Court Hospital, and Gleneagles Hospital and Medical Centre.
“The government has said that the sale of apartments will be exempted from the goods and services tax [GST]. At this time, there are no plans to charge buyers GST. However, once it is implemented, we will work within the guidelines accordingly,” said executive director Teh Boon Ghee at the launch.
All units will be semi-furnished with built-in cabinets, wardrobes and kitchen equipment such as hobs and ovens, air conditioning, fitted bathrooms and flooring. The units will have ceiling heights of up to 3m. The project is slated for completion in December 2017.
This article first appeared in The Edge Financial Daily, on January 30, 2015.