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September 29, 2005

Ken 3 Selling Well, Says Developer

We recently reviewed Ken Damansara 2 (Ken 2), which was a few days before the launch of Ken 3. We knew it was going to sell well, on the back of its good location.

Looks like they really did sell well.

According to their press release in the Star, they reported 65% sold on the opening weekend, with people queuing up at 5am and buying up to 3 units. Wow, you’d think the economy is still so-so only these days.

The units are priced from RM153 to about RM210 per sq ft, with purchase prices tagged at RM180,000 to a maximum of RM290,000.

According to the article,

‘’Over 1,000 people came that day and we had a lot of very happy buyers as they managed to get their choice units despite having to queue for almost three hours.”

There are some more launches lined up by the Ken group.

‘The group has lined up several new projects that include the KEN Bangsar Serviced Residences in Bukit Bandaraya in Kuala Lumpur, and a bungalow project by the beach at Penang’s Batu Ferringhi tourist belt.

Like the Americans always say, the first three rules of real estate are: location, location and location.

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