Ativo Suites @ Damansara Avenue

Ativo Suites Location

Ativo Suites is located in Damansara Avenue, which is the first transit-oriented master plan development in Bandar Sri Damansara with MRT2 station as well as well connectivity to multiple major highways. With the existing uninterrupted access from the Damansara-Puchong Highway (LDP) and the Kepong-Selayang highway, this development keeps convenience as part of their priority. Meanwhile, a proposed bridge link to the future Sri Damansara East MRT2 station is under planning.

Avito Suites is situated just at the outer corner of the oval-shaped circulation spine of Bandar Sri Damansara, with available direct access from both Kepong-Selayang highway and Damansara-Puchong Highway (LDP). The sun orientation and surrounding context are the key foundation of this design concept’s formulation The architecture aims to have direct views, especially coming from the northwest side, facing the Forest Research Institute of Malaysia as well as KL City and Desa Park City from the southeast side.

Connectivity

As previously mentioned, Ativo Suites will be located next to Ativo Plaza. Once it’s completed, there will be a new walkway that links Ativo Suites to 5.73-acre Ativo Plaza, providing residents with convenient and direct access to a variety of F&B outlets and commercial services.

Damansara Avenue boasts easy access to major highways, including the New Klang Valley Expressway (KNVE), the Damansara-Puchong Highway (LDP), as well as the Sprint Expressway Penchala Link.

Another accessibility available in the future will include a proposed bridge link to the upcoming Sri Damansara East MRT station within 500 meters.

Ativo Suites accessible from Damansara Perdana, Mutiara Damansara and Bandar Utama within 5-7km distance.
The development is accessible via the Duta-Ulu Kelang Expressway (DUKE), the Sri Damansara Link (SDL), the Damansara-Puchong Highway (LDP), the Penchala Link and the MRR2.

Below are the major highways and public transportation that links to Ativo Suites:

• Sri Damansara Link (SDL) of the Duta-Ulu Kelang Expressway (DUKE)
• North-South Expressway
• Kepong-Selayang Highway
• New Klang Valley Expressway (NKVE)
• Sri Damansara East MRT Station
• KTM Line 1 – Seremban / Pelabuhan Klang
• MRT Line 1 – Sg. Buloh – Kajang
• MRT Line 2 – Sg. Buloh – Serdang – Putrajaya

Convenience

Ativo Suites @ Damansara Avenue is a stone’s throw away from various shopping hotspots such as 1 Utama Shopping Centre, The Curve, Ikano Power Centre, IKEA Damansara, Tesco Mutiara Damansara and Plaza Arkadia in Desa Park City.

The distance from the development is within a few minutes’ drive away to various other conveniences that include fast-food chains, petrol stations, commercial/ retail centres, eateries, convenience stores, and schools.

Schools in the vicinity include SMK Bandar Sri Damansara 1, SJKC Desa Jaya 2, SK Bandar Baru Sri Damansara 2, SK Bandar Sri Damansara 3 and Sri Bestari International School.

Healthcare facilities are also within easy reach, like ParkCity Medical Centre, KPJ Damansara Specialist Hospital, Sungai Buloh Hospital, to Thomson Hospital Kota Damansara and Alpha Specialist Centre.

In brief, below are the major conveniences that are reachable from Ativo Suites:

Education:

• The International School @ ParkCity
• Sri Bestari International School
• SK Bandar Sri Damansara 3
• Tadika Krista
• SJK (C) Desa Jaya 2
• IGB International School (IGBIS)
• ELC International School
• SEGi University

Medical Services:

• ParkCity Medical Centre
• Sungai Buloh Hospital
• Tropicana Medical Centre

Shopping:

• Empire Damansara
• PJ Trade Centre
• The Curve / eCurve
• IKEA
• IPC (Ikano Power Centre)
• 1 Utama Shopping Centre
• Sunway Giza
• The Strand Mall

Recreation:

• Bukit Kiara Equestrian & Country Club
• Kuala Lumpur Golf & Country Club (KLGCC)
• Sentul Raya Golf Club
• Seri Selangor Golf Club

Ativo Suites Floor Plan

There are a total of 198 office suites and 43 retail units. As for the condominium development, it consists of 1, 2 and 3-bedroom units with built-ups ranging from 600 sf to 2,200 sf. It offers full condominium facilities. There are going to be about 5 separate condominium projects, which consists of 2 to 4 high-rise and low-rise blocks.

Type A
Built-up Area (sq ft) : 499
Units availability: Available
Bedrooms: Studio
Bathrooms: 1
Carpark: 1
Furnishing: Partially furnished

Type B
Built-up Area (sq ft) : 607
Unit availability: Available
Bedrooms: 1
Bathrooms: 1
Carpark: 1
Furnishing: Partially furnished

Type C
Built-up Area (sq ft) : 751
Unit availability: Limited
Bedrooms: 1+1
Bathrooms: 1
Carpark: 2
Furnishing: Partially furnished

Type D
Built-up Area (sq ft) : 1051
Unit availability: Available
Bedrooms : 3
Bathrooms: 2
Carpark: 2
Furnishing: Partially furnished

Type E
Built-up Area (sq ft) : 1197
Unit availability: Available
Bedrooms: 3+1
Bathrooms: 2
Carpark: 3
Furnishing: Partially furnished

Type F
Built-up Area (sq ft) : 1498
Unit availability: Available
Bedrooms: 3+1
Bathrooms: 3
Carpark: 3
Furnishing: Partially furnished

All units will come with air conditioning, wardrobes, kitchen fitted with electrical appliances and cabinets, fully fitted bathroom with sanitary wares, storage water heater, digital door lock, luxury finishing and an integrated smart home system.

Ativo Suites Facilities and Amenities

There’s a total of 668 units of serviced apartments within 2 towers. This project is at the centre of the masterplan and will be built per BuildQAS or other equivalent quality assessment standards (i.e. Quality Assessment System in Construction (QLASSIC)).

In total, there are approximately 53,000 square feet of facilities spread over five levels, as well as the rooftops of the two Ativo Suites towers. This development will have 50 facilities and amenities, including two infinity pools, a sky bar, a game room, a jacuzzi pod, a gym, and a theater room. These will appeal to the new generation of homebuyers.

There is also 2.66 acres of dedicated landscape area at various locations, which is designed by an award-winning landscape architect, Walrus Design. Construction of Ativo Suites started in June 2017 and is expected to be completed in the middle of 2021.

Plaza (Ground Floor) Facilities:

• Security podium
• Lobby A concierge
• Lobby B concierge
• Nursery
• Toddler’s playground
• Laundry room
• Lobby drop-off area
• Management office
• Aqua garden

Podium Deck (Level 10) Facilities::

• Squash court
• Badminton-cum-basketball court
• Multi-purpose hall
• BBQ area
• Music room
• Pantry
• Tai-chi garden
• Wading pool
• Infinity pool
• Jacuzzi
• Cabana deck
• Children’s playground
• Look-out pavilion
• Male surau
• Female surau
• Locker
• Female and male changing room
• Female and male steam room
• Female and male sauna
• Meditation / yoga deck
• Reflexology path
• Putting green
• Gymnasium (Level 11)
• Aerobic / yoga studio (Level 11)
• Residents’ lounge
• Pre-function deck

An internal ring road connecting to the main road from Persiaran Perdana will bring traffic into Ativo Plaza. As the plaza’s retail and office suites face the main road, there’s also a 7-acre linear park located behind the building. In keeping with the lush environment of Bandar Sri Damansara, the Damansara Avenue masterplan will feature extensive green areas, where 11 acres will be dedicated to gardens and landscaping.

Ativo Suites Property Analysis

Target Market

Ativo Suites comprises 668 serviced apartments, with a gross development value (GDV) of RM550 million. The built-up for the units range from 499 sq ft to 1,498 sq ft, and they were priced from RM481,800 to RM1.519 million during its launch. Tower B, which was previewed in the third quarter of 2017 is 95% sold, while Tower A was launched in 2018 is 65% sold (as of December 2018).

Millennials prefer easier, faster and manageable commutes as well as integrated mixed-use developments to complement their lifestyles. Having listened to the needs and wants of the young community, TA Global will incorporate comprehensive amenities and green concepts into the masterplan, which includes retail lots, office hubs and residential apartments, as well as a dedicated sports complex and a performing arts centre. This would save time and improve the quality of life.

Thus being said, this development is suitable for new property investors or homebuyers in the millennials generation bracket.

Competitor Analysis

The three developments chosen for this analysis are located approximately five kilometres away from Ativo Suites. Compared to the other three developments, Ativo Suites offers a range of built-up sizes that are suited for its target market, the millennials. Although the built-up sizes are smaller compared to the rest, millennials typically enjoy a fuss-free living space that would entail less cleaning and maintenance to suit an on-the-go lifestyle that is convenient yet comfortable. 

Between the four developments, Amanja Semi-D Suites comes closest to Ativo Suites in terms of the price range. However, the former was completed in 2018, while Ativo Suites is a brand-new development that will be completed this year.

Compared with Damansara Foresta and South Brooks @Desa Park City, although the price per square feet for Ativo Suites is relatively higher, however, Ativo Suites will be located within an urban-integrated city development with an attractive location in a matured township, bringing together the best of both worlds.

Ativo Suites’ Developer: TA Global

Ativo Suites is one of the key developments by TA Global, which is an award-winning property developer with projects in Malaysia, Singapore, Thailand, Australia, China, and Canada. The Group has won various industry excellence awards which include Asia Pacific Property Award 2018-2019 for Ativo Suites and Damansara Avenue. An International Property Award was successfully bagged by The Group’s Trump International Hotel & Tower in Canada.

TA Global is probably best known for the Trump International Hotel & Tower Vancouver development in Canada, which was successfully opened early this year.

Meanwhile, TA Global’s Little Bay Cove estate in Sydney is valued at A$280 million (RM922 million) and is gaining popularity among investors in Australia.

Besides that, TA Global also has an RM2.15 billion project, comprising two luxury residential towers with a five-star hotel on Jalan P. Ramlee, directly across from the Petronas Twin towers.

Other projects in the pipeline include a RM2.3 billion residential development on 3.12 acres of prime freehold land on Jalan Bukit Bintang; a RM450 million landed master plan development on 95 acres in Kluang, Johor, targeted for launch in 2018; the RM2.5 billion Damansara Avenue Ativo Annexe, targeted for launch in the fourth quarter of 2018; and a RM482 million residential high-rise development on 4.55 acres in North Kiara.