Avaland tops out 100%-sold Amika Residences ahead of construction schedule

PETALING JAYA (Aug 7): Avaland Bhd has topped-out Amika Residences, with construction progressing ahead of schedule. According to a media release by the company, the Subang Jaya development has also achieved full take-up.

Amika Residences features 468 serviced apartment units across two towers, offering a “retreat that blends contemporary living with a serene and refined environment”, stated Avaland.

The company also announced a development pipeline of projects with a combined estimated GDV exceeding RM1.0 billion in 2026.

“These include our third Aetas luxury residential project, Aetas Taman Desa and we will introduce, Accent Petaling Jaya, our new premium development offering a differentiated proposition within the upper mid-market segment. Both launches are expected to build on the strong market response to the second phase of Meria Commercial Hub in Cybersouth, launched earlier this year,” said CEO of Avaland, Apollo Bello Tanco at the event.

As for Amika Residences, the project “has achieved 1.7 million safe man-hours without a lost time injury reflecting Avaland’s commitment to workplace safety and responsible construction.

“It has also received the Best Landscape Award (Excellence) and GreenRE Gold certification, reinforcing our focus on sustainable and thoughtfully designed developments. We look forward to delivering Amika to our purchasers and continuing to create quality living environment that deliver long-term value for our communities,” he said.

The freehold Amika Residences was launched in 1Q2024 and sits on 3.51 acres. It has a GDV of RM460 million and comprises 34-storey Tower A and 35-storey Tower B. Built-ups of apartment units range from 883 to 1,277 sq ft and the launch price was from RM698,000 to RM999,000. The development’s vacant possession is targeted for 2027. 

There are also retail units are for sale, with prices of between RM1.45 million to RM5.05 million and built-ups ranging from 1,335 to 4,661 sq ft.

The group is also reinforcing its long-term growth prospects through the recent acquisition of a 1.9-acre freehold site in Taman U-Thant, Kuala Lumpur, which is earmarked for a high-end residential development with an estimated GDV of RM700 million.

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