Earlier I said....
Originally posted by abductboy:
Hmm.... my Malaysia guy first impression of the photos I sent
is..
1) Not small land
2) It's close enough to the Central, so land is expensive
3) It is not easy to get that piece of land. How did they do
it?
My counterpart has been there and was surprised that it is a
very small piece of land... kinda like.. can build 2 houses but to
build a 18 units-per floor (based on lowest floor) apartment
block....... 
The brochure (http://www.empirepropertyventure.com/img/floor_plan/Brochure_state_tower.pdf)
in the Empire Venture website do not show the plan elevation, so it
is hard to understand how they can squeeze Block A (10 units) &
Block B (8 units) into this small plot of land. By simple additions
of the 1st level units, the builtup area is 1,117 sq metre, and we
have not included the lobbies, aircon units, corridors, perimeter
pavements etc.
The way the purchasing plan is structured is also very weird.
(http://www.empirepropertyventure.com/etp-inserts/faq_eng_261007.pdf)
Pay either 5% for 18 mths or 3% for 30 mths. Assuming that 219
units at the average price of $800,000 per unit x 5% x 12
months....
The developer would have rake in RM$105,120,000 even if he did
nothing for 1 whole year!
If the developer were to fold after 1 year, the $105 millon would
be gone. And remembering that the Buyers would have borrowed
heavily from banks....
Is there a reason why only SE people can buy?
The whole selling/buying process just does not make sense!
But anywayhere are the photos. I can't post all cos there is a
limit of 5 pics per post. The plan view show the direction the
photos are taken, and photo 2 showed the drainline
boundary...
The land is really.. really.. small.
Plan View
photo 1
photo 2
photo 5
photo 7
