Aset Kayamas’ The Hamstead condominium sold out in three hours

PETALING JAYA (April 13): Aset Kayamas Sdn Bhd’s The Hamstead condominium project in Desa Tun Razak, Kuala Lumpur was fully taken up in three hours during its launch last Saturday (April 8).

“Basically the location, the pricing and the entire concept of The Hamstead are what make the project so attractive.

“Most of our buyers are from the younger generation as a majority of them are below age 40 while about 30% to 35% of them are below age 30,” Aset Kayamas executive director Michael Chai told TheEdgeProperty.com.

The Hamstead has a gross development value of about RM200 million and is located on a 3.1-acre plot.

The leasehold project will house 479 condo units with built-ups of between 947 sq ft and 1,272 sq ft in a single 40-storey block. Prices start from RM387,000.

Facilities include a “mini forest”, a multipurpose hall, gymnasium, half Olympic-sized infinity pool, wading pool, children’s playground and others. Each unit will be allocated with two car parks.

The Hamstead is located six-minutes away from Terminal Bersepadu Selatan (TBS), eight minutes away from Taman Midah and Taman Connaught and 10 minutes away from Mid Valley City and Sri Petaling. It is also accessible via the Middle Ring Road 2 and East-West Link Expressway.

According to Chai, The Hamstead is the second project launched by Aset Kayamas in 2017.

The launch of The Hamilton condominium in Wangsa Maju, Setapak in January had seen all 435 units snapped up in less than four hours.

Chai added that Aset Kayamas’ first project Pandanmas 1, which is a  Rumawip (Federal Territories Affordable Housing) development, is scheduled for handover on April 25.

“This is the first Aset Kayamas project to be handed over and we will invite the Prime Minister Datuk Seri Najib Razak to attend the handover ceremony,” he added.

On its high-end condominium project known as The Haute, Chai said the take-up rate for the project is about 70% since its launch last October.

The project has a GDV of about RM350 million and sits on a four-acre leasehold site. Located 3km away from Kuala Lumpur City Centre, it comprises 274 condo units with built-ups of between 1,003 sq ft and 1,046 sq ft. Each unit was priced at more than RM600 psf.