Encouraged by the overwhelming response for its Alira Subang Jaya project, Avaland recently unveiled its sales gallery in Subang Jaya for its upcoming project, Amika Residences which is located right next to Alira Subang Jaya. More than 800 people thronged the sales gallery and show units for a preview of Avaland’s upcoming development. Being a Japanese inspired development, the highlight of the opening event was the ‘Kagami-Wari’, which is the ceremonial opening of a sake barrel for good fortune.
Avaland launched the first phase of Alira Subang Jaya in November 2021 against the backdrop of the pandemic and uncertainties surrounding the global and Malaysian economy. Nonetheless, within a short period of seven months, Avaland managed to achieve a take-up rate of more than 85 per cent for the first phase of Alira Subang Jaya. Against that backdrop, Avaland launched Phase two of Alira in July 2022. Offering resort-style living with beautiful scenery, luxurious amenities, and an abundance of recreational activities, Alira Subang Jaya is currently 85 per cent taken-up and is slated for completion in 2025.
Given the encouraging response for Alira Subang Jaya, Avaland is confident that Amika Residences will likewise receive a positive response from home buyers. Teh Heng Chong, Chief Executive Officer of Avaland explained, “When developing Amika Residences, we have retained the positive elements of Alira Subang Jaya based on the feedback we have garnered from our buyers. Inspired by the Japanese’s art of simplicity, the serviced apartments are designed to be flexible and able to accommodate the needs of residents in various stages of their life cycle, from young couples to growing families and multi-generational living.”
Amika Residences has a total GDV of MYR 475 million and is situated on a 3.5-acre freehold parcel, facing a 9.2-acre central park which has a water body inspired by Melbourne’s Yarra River. The development comprises 468 serviced apartments in two towers (Tower A: 216 units, Tower B: 252 units) and will come in three sizes—883 sq ft, 1,075 sq ft, and 1,227 sq ft —offering layouts of 2+1 bedrooms, 3 bedrooms and 3+1 bedrooms respectively.
The concept is inspired by Japanese ‘fusuma’ sliding panels that redefine spaces in a room or serve as doors. Walls between bedrooms can be removed to create larger spaces, and open-plan living areas can be customized to individual preferences. Each unit will feature an internal foyer inspired by traditional Japanese home entryways, providing ample space for a shoe cabinet and bench if required.
Facilities for resident to enjoy are to be located on the West Garden “Nishi” on Level 3, East Garden “Azuma” on Level 8 and the Clubhouse Rooftop — including a stone garden, tatami lawn, water cascades and koi pond, tea leaf pavilion, gymnasium, central pool, garden kitchen and sky garden.
Amika Residences will also have 24 retail units with built-up ranging from 1,335 to 3,681 sq ft. “We introduced retail units at Amika Residences to enhance the lifestyle of the community as the retail units will have scenic views of the central park. These retail units will not only bring convenience to the surrounding community but will also allow everyone to enjoy a meal while enjoying the fresh air and scenic views of the central park,” explained Teh.
“As part of Avaland’s sustainability roadmap, we are proud to announce that Amika Residences has achieved GreenRE certification (Gold rating), with 84 per cent of dwelling unit spaces designed to have excellent airflow and natural light in 90 per cent of the rooms, enhancing comfort for residents and reducing electricity costs. The inclusion of electric vehicle charging points will be part of Amika’s green features,” Teh said. GreenRE, formed by REHDA is Malaysia’s leading green building certification body.
Teh shared regarding Avaland’s overarching approach to its projects, “We spend a lot of time in our planning sessions where we study the demographics and lifestyle of our target buyers before formulating plans. We are fully aware of trends and lifestyle changes, especially after the Covid-19 pandemic.
“There is no such thing as a standard layout as each project is unique depending on the users, lifestyle and location. Space usage on facilities is also debated in order to come up with what’s desirable, practical and appreciated by the end-users. As such, all our projects put into the market are well received and we are proud to acknowledge that we do not have stocks when our projects are completed.”
Following Avaland’s rebranding exercise in July, it has also recently launched Alora Residences, the first phase of the 2Fifth Avenue development in Subang Jaya, featuring 770 serviced apartments and eight retail units with a GDV of RM552 million. Furthermore, Avaland has doubled its revenue to MYR 113.8 million in 2Q2023 from MYR 53.5 million in the previous corresponding quarter.
Avaland’s ongoing projects have achieved impressive take-up rates this year with un-billed sales at MYR 852 million as at 30 June 2023. With a robust pipeline of projects, strong commitment to sustainability, and a dedication to creating unique and harmonious living spaces, Avaland is set to continue its success story in the real estate industry.
Source: Avaland Berhad
