PETALING JAYA: Property developer Blackstone Seven Sdn Bhd, a subsidiary of Allstones Group Asia, has launched its latest project -- the Taragon Kelana Commercial Centre (pictured) in Kelana Jaya.
With an estimated gross development value of RM 80 million, the freehold commercial development on a 1.1-acre site is targeted for completion in 3Q2011. Taragon Kelana Commercial Centre comprises 60 units of office suites with a high-end lobby in the office tower Menara Taragon, five ground retail lots and eight blocks of shopoffices. The development is protected by three-tiered security.
All the shopoffices have been fully sold prior to the launch and only the office suites in Menara Taragon are available for purchase.
At RM407 psf onwards, the office suite sizes range from 1,054 to 1,388 sq ft.
“Taragon Kelana Commercial Centre is located at a prime position within a mixed commercial development and mature commercial area with the necessary amenities such as the Giant hypermarket, banks and food establishments. It is also close to the Lebuhraya Damansara-Puchong (LDP) and other major highways. We see Taragon Kelana as a commercial centre that will change the landscape of this area,” said K H Sim, Chairman of Allstones Group Asia in a statement on March 17 in conjunction with the launch.
Each office suite at Taragon Kelana features flexible modular layouts, en suite bathroom, individual balcony and an enhanced security system with card key access for lifts. Citing security as a top priority, car park floors and common areas will have panic buttons, standard close circuit televisions (CCTVs) and 24-hour security.
The project will also feature a central water feature and landscaped piazza while a basement car park along with a 7-level car park will be developed to cater to the whole development.
In conjunction with the official launch, Allstones Group Asia will offer a unique “366 Scheme” with a net return of 18% over three years, applicable for levels 12 and 13 of the office suites. In this scheme, the developer will bear the service charges and sinking fund payable.
Alternatively, the “3131 Special” will offer purchasers of the office suites at other floors a 5% discount and a free car park lot with each unit. “Both official launch specials will end on March 31, 2010,” says Sim.
Allstones Group Asia’s previous completed developments include Taragon Yap Kwan Seng and Taragon Puteri Cheras.
In addition, the Group has two ongoing projects, Taragon Puteri KL and Taragon Kelana. Past investments include Taragon Mont’Kiara, Taragon Puteri Kemensah and the purchase of distressed mortgages in Malaysia.