TA Global to launch Damansara Avenue’s residential phase in November

KUALA LUMPUR: TA Global Bhd is looking to launch the first residential phase of its RM3.8 billion Damansara Avenue in Bandar Sri Damansara in early November, following the overwhelming response received last month for its maiden commercial precinct Ativo Plaza.

The 8-storey Ativo Plaza – which houses 198 office suites and 43 retail units – was launched on Aug 7 and saw a 90% take-up within one day.

According to the developer, all 90% of available units were sold during the priority preview event and registrants also received an early bird discount of 8%. The retail units in Ativo Plaza will only be available for leasing out. Office suites were sold from RM440 psf with built-ups from 547 sq ft to 4,094 sq ft.

Meanwhile, its first residential phase known as Azelia Residence, will comprise 250 units of high- and low-rise residences with sizes from 600 to 3,400 sq ft. It will be launched via its priority preview, which has received more than 4,500 registrants, the developer said.

Indicative prices for the residential units are above RM500 psf.

Damansara Avenue comprises two parcels. The first parcel consists of seven phases – five residential and two commercial – while the second parcel is still in its planning stage.

Other current projects by the developer in the Klang Valley include Damansara Idaman, Idaman Villas, Idaman Residence and Damansara Avenue. Its future developments are Dutamas, U-Thant, Nova Square @ Bukit Bintang, TA3 & TA4 @ KLCC.
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