KUALA LUMPUR (Nov 12): TA Global Bhd will soft launch its latest high-rise serviced apartment development named Amaya Residences in the 48-acre (19.42-hectare) Damansara Avenue, Bandar Sri Damansara this month. The development will be located on top of the upcoming DA Central Mall.

According to TA Global chief executive officer Tiah Joo Kim, Damansara Avenue will be developed in two parcels. Parcel 1 will be spread across 26.55 acres, while Parcel 2 will occupy 21.51 acres. The final component of Parcel 1 will be Ativo Annexe, a 14.86-acre mixed-use development, which has components such as Amaya Residences, DA Central Mall, offices, a hotel and a wellness hub.

Amaya Residences, which has a gross development value (GDV) of RM1 billion, will feature two 68-storey residential towers with a total of 1,268 units. The units will have built-ups of 539 to 1,230 sq ft, and are priced from RM553,000 to RM1.35 million each. The maintenance fee inclusive of sinking fund is an estimated 45 sen psf per month. DA Central Mall, on the other hand, will be spread across five storeys, with a net lettable area of 420,000 sq ft.

In the same issue, City & Country looks at international real estate consultancy firm CBRE’s latest report titled “How will EV impact real estate in Asia Pacific?”. The report found that electric vehicle (EV) sales in Asia-Pacific have seen exponential growth in the past two years, accounting for nearly two-thirds of global auto sales. Therefore, the report urges commercial real estate owners to enhance their assets with EV charging installations in preparation for the expected soaring demand for these facilities.

Our Streetscapes segment this week looks at Taman Sri Hartamas, where shops see a steady rise in property values. Comprising a total of 34 four-storey shoplots in four blocks on Jalan Sri Hartamas 7 and 8, the neighbourhood commercial area is also home to a delectable mix of eateries and watering holes as well as offices, auto repair shops and other supporting services.

EH Property Management Sdn Bhd has started selling its latest condominium development called Tangen Residences in North Kiara, Kuala Lumpur. Located in Taman Sri Sinar, the 49-storey condominium offers 413 sky semi-detached and bungalow units with built-ups of 1,033 to 1,550 sq ft. The selling price starts from RM659,000 or RM560 psf. It has a GDV of RM350 million. 

In our Singapore segment, we feature a bungalow in the southern cove of Sentosa Cove. The bungalow fronting is on the market for S$21.5 million or S$2,710 psf (RM74.66 million or RM9,410.80 psf). The 2½-storey detached house at 77 Cove Drive has a built-up area of 6,500 sq ft, and sits on a 99-year leasehold site of 7,933 sq ft.

Read all about it in the Nov 13, 2023 issue of City & Country, out with The Edge Malaysia weekly.

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