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Tuesday, December 18, 2007

75% take-up for Damansara Idaman phase 3

One of the Damansara Idaman phase 3 bungalows developed by TA Properties Sdn Bhd

PETALING JAYA: TA Enterprise Bhd has secured a 75% take-up rate for phase 3 of its Damansara Idaman residential project, said managing director and chief executive officer Datin Alicia Tiah.

Datin Alicia Tiah

“The houses are not cheap. With a starting price of RM3.2mil, the take-up has been good,” she said at a private viewing event of the phase recently.

Tiah attributed the promising take-up rate to the project's strategic location within a “mature neighbourhood with existing amenities and infrastructure''.

The township is located close to business and commercial centres such as the Kelana Business Centre and shopping malls that include 1 Utama, Centrepoint, The Curve and Ikano Power Centre and colleges such as Kolej Bandar Utama and Kolej Damansara Utama.

Damansara Idaman is also accessible through the NKVE, Bandar Utama, via the old Subang Airport road and Mutiara Damansara.

Tiah also said that the high-end township was targeted at the discerning, affluent market.

Damansara Idaman phase 3, launched in January, has a gross development value of RM110mil. It comprises 36 double-storey luxury bungalows with built-up of 5,435 to 6,123 sq ft.

The entire project is part of a four-phase housing development that would comprise a total of 136 bungalow houses on 42.8 acres of freehold land.

The project is being developed by TA subsidiary, TA Properties Sdn Bhd.

Tiah said that the group had already received bookings for phase 4, which was targeted for launch in the third quarter of 2008.

“Half of the lots of our phase 4 project has already been booked,” she said, adding that the houses would have a starting price of RM4mil.

By The Star (by Eugene Mahalingam)

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