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Sunday, October 21, 2007

TA lines up high-end projects

By New Straits Times

STOCKBROKER and property developer TA Enterprise Bhd said it plans to launch two or three high-end developments in the Klang Valley before the end of the year.

TA has 88ha of freehold prime land in the Klang Valley, valued at about RM700 million, which should keep the group busy for at least 10 years.

Group managing director and chief executive officer Datin Alicia Tiah said TA hopes to launch two projects by December.

One is the 20ha Seri Suria project comprising commercial blocks, condominiums, a mall, private school, medical centre, shoplots and a cineplex in Bandar Seri Damansara.

The other project is Nova Square, a three-block condominium at the junction of Jalan Bukit Bintang and Jalan Imbi.

"Seri Suria will be a self-contained integrated township, in the likes of Mont' Kiara. As for Nova Square, we will maintain one block for service apartment to be managed by us and sell the other two blocks," Tiah said.

Tiah said TA also plans to launch a niche and eco-friendly development in Ampang Hilir, where it has 1.21ha, and a unique and high-end project in Jalan U Thant sprawled owver 0.24ha.

"I envisage a lot of interest from UK, Japan, South Korea, the US and the Middle East for these projects. They all want to have a piece of the action," Tiah told reporters after signing an agreement with IFCA MSC Bhd, a software vendor.

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