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Sunday, October 21, 2007

TA Properties projects

By The Star

KUALA LUMPUR: TA Enterprise Bhd unit TA Properties Sdn Bhd expects to launch two new projects locally, bringing its total to five by next year.

Ian Jeremy Jones exchanging documents with Datin Alicia Tiah. Within them are IFCA general manager Kuan Seng Wood and TA Properties executive director Kimmy Khoo

TA Enterprise managing director Datin Alicia Tiah said the company targeted to launch its Seri Suria mixed development in Bandar Sri Damansara by year-end.

It had also applied for the development order for its three-block residential and commercial project, Nova Square, located along Jalan Bukit Bintang in Kuala Lumpur.
Nova Square, she said, was targeted for launch by the first quarter of next year.

“These projects will keep us busy over the next two to three years,” she said after an agreement signing between TA Properties and software vendor IFCA MSC Bhd yesterday.

On Nova Square, Tiah said the company had received “a lot of interest” from potential overseas buyers, consisting of developers, fund managers and other parties from countries such as South Korea and Australia.

Nova Square, she added, would consist of three high-rise buildings, one of which would be fully managed by a service operator, and the remaining two sold.

Tiah said the company also had pockets of land in the Bukit Ceylon, Ukay Heights and U-Thant areas. “Expect something very unique and high-end from these (pieces of land),” she said.

On whether TA Properties was ready to go public, she said: “We will keep an open mind. I won't say no, it is something we will consider. If it happens, it will most likely be in Malaysia.”

Meanwhile, the agreement signed is aimed at providing fully integrated portal-based business management solutions for TA Properties.

IFCA MSC executive director Ian Jeremy Jones said IFCA software would help TA Properties to connect to its supply chain and customers through one common platform – its website.

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