No takers yet for RM6mil Camelot
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Camelot came close to going under the hammer on Thursday at the Kuala Lumpur High Court at a reserve price of RM6mil.
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PETALING JAYA: For the past several years, 10 Changkat Duta, or Camelot, has been hanging up and taking down the “For Sale” sign, said a source from a property consultancy.
Located in upscale Taman Duta atop a hill with a view of its sprawling surroundings, the property came close to going under the hammer yesterday at the Kuala Lumpur High Court at a reserve price of RM6mil.
The auction was adjourned, a staff of Messrs Skrine said. The plaintiff is EON Bank Bhd while the defendant is L&L Holdings Co Sdn Bhd. The plaintiff’s solicitor is Messrs Skrine.
Chew Kok Eng from Urban Properties Auctioneers said the property may come under the hammer several months later. He said there were bidders.
With prices of landed properties rising drastically over the past several months, and considering its location, the six-storey Camelot has attracted press interest.
The property was owned by the late Maj-Gen Datuk Leong Siew Meng. He is survived by his wife Datin May Lee-Leong who continues to live there.
At RM6mil, with a land area of nearly 16,000 sq ft and a built-up of 18,000sq ft, it is below market price, the source said.
Another house, with about the same land size located one road behind was sold for RM6mil in mid-2008. Unlike Camelot, that was a two-storey bungalow, was on flat land sited way below Camelot.
The source said market price was irrelevant when it comes to 10 Changkat Duta.
“Whoever buys it, can you live with that design? If you can, is it worth the money? In the last two to three years, it has not been successfully sold under the hammer. It is among the most genuine of castles in Malaysia. It is iconic.
“Today, castles are being built in Damansara Heights, Kenny Hills and Taman Duta. But only Camelot looks like a castle, complete with its little windows. You can’t say you have a castle when you have big windows!”
Camelot, inspired by the musical of the same name the couple saw in London in 1979, comes complete with all the characteristics of a castle, with rows of mock turrets, parapets and towers.
It was built by five architects, one each from Malaysia, Thailand and the Philippines, and two from Singapore. The property, which was completed in the early 1980s, has 11 bedrooms, 15 bathrooms and five lounges.
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