Doubling Down: Avaland Tops Out Phase 1 of Casa Embun of Cybersouth with 99% take-up

Subang Jaya, 13th March 2024 – Avaland Berhad recently topped out Phase 1 of its award-winning Casa Embun project. This marks a pivotal moment for Avaland as Casa Embun is its first vertical development at its Cybersouth township in Dengkil.

With a gross development value (GDV) of RM209 million. Phase 1 of Casa Embun comprised 482 units of serviced apartments and 16 units of retail units and was launched in the first quarter of 2023. The project has achieved take-up rate of 99% to-date. Avaland also expects to complete the project ahead of schedule as the project is slated for completion by 1Q2025.

Apollo Bello Tanco (Pol), CEO of Avaland, expressed deep satisfaction with the achievement of the topping-out milestone, attributing this achievement to meticulous planning. "Topping-out Phase 1 of Casa Embun ahead of schedule underscores our team's unwavering dedication to precision in development planning. This achievement reflects our commitment as we continue to enhance the Cybersouth township," he commented.

The development secured the StarProperty Awards 2023 in The Starter Home Award - Best Primary Home Development (High-Rise) category, and GreenRE bronze certification for its sustainability features,

Encouraged by the excellent 99% take-up rate for Phase 1 of Casa Embun, Avaland recently launched Phase 2 of Casa Embun which has a GDV of RM202 million. Phase 2 of Casa Embun comprises 505 units of serviced apartments ranging from 550 sq ft to 1,541 sq ft. With prices starting from RM250,000, these residential units come in 2 distinct layouts of either 2 rooms + 1 bath or 3 rooms + 2 baths.

Casa Embun comes complete with family-friendly facilities such as a multipurpose pavilion for family gatherings with BBQ facilities and outdoor dining, a themed playground, a 25-meter swimming pool and children’s wading pool, a gymnasium overlooking the pool, sports facilities such as futsal and badminton courts, a 0.9-km jogging path and EV charging facilities at the carpark amongst many other facilities.

Efforts are also already underway to introduce more commercial and landed properties at Cybersouth, alongside enhancements to existing facilities, which underscores Avaland's unwavering commitment to cultivating lasting value and nurturing a vibrant community within Cybersouth.

In discussing Avaland’s plans for 2024, Pol remarked, "As we expect to complete four projects with GDV of RM1.7 billion over the next 18 months, we will focus on managing and monitoring all of our on-going projects. At Avaland, we want to ensure that we are not only able to complete our projects ahead of time, but to also deliver projects that are of outstanding quality to all our esteemed buyers. We also anticipate an exhilarating year ahead for Avaland, with a target to achieve sales worth RM1 billion this year, supported by ongoing projects and upcoming launches such as Aetas Seputeh, Amika Residences, and Anja Bangi. These new launches have a total GDV of RM1.4 billion and we look forward to positive take-up rates for these projects due to their strategic locations and innovative designs tailored for contemporary lifestyles.”

For more information on Avaland and the Cybersouth township, please visit www.avaland.com.my and https://cybersouth.my.