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Tuesday, December 4, 2007

TA Enterprise has new plans for Seri Suria

PETALING JAYA: TA Enterprise Bhd plans to launch shop offices at its 48.5-acre freehold SERI SURIA commercial development in Bandar Sri Damansara by the first quarter of 2008.

Its managing director and chief executive officer Datin Alicia Tiah said it will be submitting the
new plans for Seri Suria soon, and the 4- to 6-storey shop offices will be the first component to be unveiled.

Tiah: Seri Suria to be comprehensive and different

“The shop offices will be served by lifts and have wide 36ft-frontage. Although we are selling
them on an enbloc basis, we will also provide individual strata titles for the convenience of
investors,” she told theSun.

Tiah said the gross development value (GDV) of Seri Suria has not been finalised. On the price
of the shop offices, she said one could expect the price range to be above RM2 million.

“The project will take between seven and 10 years to complete. Planning is of utmost importance and we are looking to achieve the “wow” factor. We want Seri Suria to be comprehensive and different,” she added.

According to Tiah, Seri Suria will be an integrated, mixed commercial development with offerings including service apartments, office blocks as well as a hotel. It has an approved plot ratio of four times.

“While the whole project will be interconnected, it is also big enough to accommodate two malls. One will be a smaller mall with a supermarket anchor, while the other is being planned as a standalone shopping mall,” she said.

TA Enterprise purchased the Seri Suria site for RM95 psf from Land & General Bhd in February last year. Earlier plans for Seri Suria were for a development with a 50:50 residential and commercial ratio. The initial plan had comprised semidees, bungalows, shopoffices and a retail complex with a 1,200-bay parking complex. It was said to have a GDV RM700 million. An initial launch had been targeted for early this year.

However, Tiah felt the earlier plans did not maximise the use of the land and decided to return to the drawing board and came up with the new plans.

By theSun (by Loo Pik Kwan)

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