Buyers of APM’s Diamond Residence in Serdang assured of rental income

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STUNNING VIEW: Artist’s rendition of Andaman’s best GGR (Guaranteed Rental Return) project, the 228 furnished condominium Diamond Residence in Serdang near UPM.

WISE INVESTMENT: Tiew of Andaman Property Management showing a newsletter on the company’s success in property.

MIRI: Andaman Property Management (APM) Sdn Bhd currently is offering best property investment opportunities through student accommodation for interested buyers at Sabah and Sarawak, particular the Bumiputera.

With the latest project located strategically at Serdang, APM which is best known for its success implementation on Guaranteed Rental Return (GRR) scheme, is embarking on the 228 furnished condominiums, Diamond Residence at Diamond Square @ Serdang.

Speaking to The Borneo Post when met at Property Hunter (PH) Exhibition at Miri Indoor Stadium on Sunday, its managing director Dato’ Sri Vincent Tiew said the Diamond Residence which is expected to be completed by September 2014 is now open for registration.

“Interested buyers need not have a doubt with this project’s prospect as we have already signed a collaborative agreement with Universiti Pertanian Malaysia (UPM) to provide accommodation for its students and lecturers, thus the rental income is totally assured.”

He said such commitment truly subscribed to the GRR scheme where the company secures the tenants first before they embark on a project and built the projects to meet demand, as well as ensured the projects are manageable.

He said further the condominium is the best 8 per cent GRR packaged by Andaman with total Gross Development Value (GDV) at RM120 million.

The condominium features four sizes of 771 square feet for a three-bedroom unit, 1,061 sq ft and 1,244 sq ft for a four-bedroom unit and 1,527 sq ft for a five bedroom duplex.

Each unit will be allocated two parking bays.

These units are selling between RM350,000 to RM550,000.

“There would be a 8 per cent GRR and the Bumiputera buyers will also get a 10 per cent discount too.”

The condominium provides students with a conducive, healthy, more secured and high tech environment.

Other facilities are 24 hour security, a half Olympic-size swimming pool, gym, barbecue pit, games room and hall.

For further information on the property, call Andaman on hotline 1700-81-8118.