Aetas Damansara in Tropicana 55% taken up

Aetas Damansara in Tropicana Golf & Country Resort, Damansara, has achieved a take-up rate of 55% since its launch on Dec 15 last year. The high-end condominium is jointly developed by MCT Bhd and Philippine-based real estate firm Ayala Land, Inc.

“As it is a low-density project (in an area with a low supply of high-rise buildings), we anticipate a healthy demand for Aetas Damansara regardless of current market conditions. The project will appeal to young corporate executives, retirees, empty nesters, multigenerational families as well as the immediate community in the vicinity of Tropicana,” says MCT CEO Teh Heng Chong in an email.

Sitting on a 1.76-acre leasehold parcel, Aetas Damansara has a gross development value of RM564 million and will comprise two 47- and 48-storey towers with 226 residential units in total. Priced from RM1.9 million, the units will come in 3+1- or 4+1-bedroom layouts and built-ups of 2,098 to 3,273 sq ft. There will also be two exclusive 6,071 and 6,114 sq ft 5+1+1-bedroom penthouses. The development is expected to be completed in 2Q2025.

Teh notes that Aetas Damansara targets the affluent market segment, which will not be adversely affected by the pandemic. “In fact, the pandemic has brought upon a realisation for the need or appreciation of wide, open areas within the home, where people can indulge in indoor recreational activities. Working from home has also become a new normal, thus having sufficient space in the home for this function would be an advantage.”

MCT sales and marketing director Chee Kok Keong explains that “Aetas” means “lifetime” or “juncture of life” in Latin, and the project is positioned as a development where a fine home is the start of endless possibilities to last a lifetime. “We also emphasise the design and space requirements [of the units] to enable the cultivation of family values, where multigenerational living can be incorporated,” he says.

The development has a 24-hour, multi-tier security system, CCTV monitoring, visitor management system, access control checkpoint, access card system and perimeter intrusion detection system.