THE EDGE. 3RD SEPTEMBER: Avaland Bhd is launching the RM475 million Amika Residences in Subang Jaya this month. Comprising 468 serviced apartments in two towers and 24 retail units, the development is inspired by the Japanese art of simplicity and minimalism aesthetic.
“The name Amika signifies ‘beauty’ or ‘vividness’ in Japanese and [the project] is inspired by the beauty of connections between family and loved ones. Every part of this project is carefully curated and designed. Even our facilities deck is designed for families to enjoy spending time together,” says Avaland chief operating officer Aw Sei Cheh during an exclusive interview with City & Country.
Keeping in mind the Japanese minimalist aesthetic, the serviced apartments are designed to be flexible and versatile by removing the partition wall between the first and second bedrooms to create a bigger space and by redefining the open-plan living, dining, kitchen and yard areas according to individual preferences, Aw explains.
In the same issue, UEM Sunrise Bhd talks about its upcoming launch — Residensi Zig, the second phase of Kiara Bay. Its CEO Sufian Abdullah says the project, which offers 1,126 serviced apartments in three blocks, will have a biophilic design to promote well-being.
The Real Estate and Housing Developers’ Association (Rehda) Malaysia presented the Rehda Property Industry Survey for 1H2023 and Market Outlook for 2H2023. Rehda president Datuk NK Tong said during a media briefing that the top reasons for developers not launching projects in 2H2023 were unfavourable market conditions, business constraints and lack of suitable products or land bank locations.
On BFM’s The Property Show hosted by Mark Tan on Aug 23, The Edge Malaysia editor emeritus Au Foong Yee talks about urban renewal for a greener future. She also highlights the challenges of multiple-owner strata properties in a redevelopment project.
In Singapore, the sale of a 1,216 sq ft unit at One Devonshire marked a new psf-price high at the freehold condo and topped the list of condos that achieved a psf-price high for the week of Aug 1 to 8.