Selangor Times
Selangor Times - News Articles on Andaman Property Management Group
Sentral in the Heart of Bangi
Writer: Basil FooPublished: Fri, 13 Jan 2012
BANGI: Commercial and business centre Sentral @ Bangi CBD is being positioned as the final piece of the puzzle in the Bandar Baru Bangi town centre.
Comprising of 86 four-storey shop offices with underground parking and an adjacent four-storey shopping centre, the development will soon be the heartbeat of Bangi.
“We are filling a vacuum of what wasn’t available here for many years,” said Andaman Property Management Sdn Bhd (APM) head of sales and marketing Datuk Vincent Tiew.
He spoke during a press conference at the Andaman sales gallery in the Bandar Baru Bangi town centre after officially launching Sentral @ Bangi CBD on Wednesday.
Tiew said the plan is to provide Bangi residents with an unparalleled shopping experience, incorporating a cinema and bowling alley in the mall.
There were no cinemas or bowling centres in Bangi prior to this.
“Due to population growth in Kajang, Bangi, and Semenyih in recent years, we are confident that this will be the neighbourhood mall for all,” he said.
He added that the lack of choices faced by shoppers from Cyberjaya and Putrajaya will lead them straight to Sentral mall’s doorstep.
The mall, which is owned by joint venture company PKNS-Andaman Development Sdn Bhd, will cover 1.78 hectares of land.
A link-bridge will be built from the first floor of the mall, over a promenade area, to the neighbouring commercial centre containing 86 shop offices.
With 90% of the shop offices sold during a week-long pre-launch period, construction is expected to begin in April. The construction is expected to be completed in two years.
“We are glad that most of the buyers are end-users who operate their own businesses. There are no speculators here,” Tiew added.
The majority of the shop office units, 74 of them, have a built-up area of 6,543 sq ft, eight units are at 9,082 sq ft, and four at 11,729 sq ft.
He attributed the brisk sales to the affordable pricing and added value, like lower-ground parking and individual liftsr.
Property protection with Arc @ Cyberjaya
Writer: Basil FooPublished: Fri, 23 Dec 2011
SUBANG JAYA: A guaranteed rental return (GRR) scheme is being offered to buyers of service apartments at Arc @ Cyberjaya to ease concerns of any slowdown.
Developer Andaman Property Management Sdn Bhd (APM) is offering the scheme to buyers to allay fears they may have of finding tenants or collecting rental payments.
“At the point of purchase, when signing the sale and purchase agreement, we will lease back the property from you,” said APM head of sales and marketing Datuk Vincent Tiew.
With the GRR scheme in place, the company will legally undertake to pay rental to buyers.
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| Tiew (right) speaking to buyers at the Andaman sales office in Subang Jaya. |
The GRR scheme, with an annual return rate of 8%, is offered in packages lasting six, 10, or 25 years.
He added that through the scheme, purchasers of the Arc service apartments will enjoy return rates that outstrip those offered by fixed deposits or bank interests.
Buyers should not be unduly concerned about property gluts next year because the company builds to meet market demands, he said.
Tiew pointed out that Arc@Cyberjaya is located next to the Multimedia University (MMU) and the Selangor Science Park 1.
“Even if there is a property bubble or the market is turbulent, whatever happens to the economy, people still need to invest,” he said.
This is why the company is offering the GRR scheme, and is also selling the Arc apartment units at lower than market prices.
The 1,000 service apartment units in four blocks at the Arc have enjoyed a take-up rate of 95% since its launch, with about 50 units remaining.
There are also four office towers within the 5.89-hectare freehold development, which Tiew said could be used as a university campus in the future.
Units at the Arc come fully furnished and are surrounded by a landscaped garden and sports centre with 15 badminton courts.
APM sales offices can be found on Jalan USJ Sentral 3 in Subang Jaya and within Cova Square in Kota Damansara.
Selangor Times
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Jazzy affair with Andaman Published: Fri, 16 Dec 2011
KUALA LUMPUR: Media practitioners were treated to a night of scrumptious dining and jazzy numbers at the Andaman Media Night on Dec 8. Held at premier jazz club No Black Tie, guests were serenaded by crowd favourites performed by a four-piece band and guest singers. Addressing a turnout of about 80, Andaman Property Management Sdn Bhd director of sales and marketing Datuk Dr Vincent Tiew thanked guests for attending.
He also gave out six flat-screen TVs during the lucky draw. “We held this event as an appreciation to the media after a year of strong performances by Andaman,” Tiew said. The value of projects from 2011 to 2012 under Andaman Property Management is expected to be worth more than RM1.6 billion. Completed projects include the Casa Subang service apartments in Subang Jaya, Cova Villa, Cova Square and Cova Suites in Kota Damansara. Upcoming projects include newly launched The Arc @ Cyberjaya and commercial centre Diamond Square in Serdang. Andaman Group’s property division, formed in 2005, is involved in property development, construction, management, security, travel and tours, and mining.
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