KUALA LUMPUR: TA Global Bhd has launched the first phase of its maiden residential project in Australia.
Dubbed Little Bay Cove, the 33.6-acre (13.6ha) project along Sydney’s coastline is a joint venture development with Australia’s Charter Hall Group with a gross development value of A$600 million (RM1.9 billion).
“Little Bay Cove provides the platform for us to showcase the best practices in developing a sustainable community with a mix of housing types at affordable prices. It is one of
Sydney’s last remaining beachside communities and offers a desirable lifestyle in one of the city’s sought after coastal locations,” said Kimmy Khoo, executive director of TA Global.
The launch of the first phrase, known as Solis, was held simultaneously in Malaysia and Australia on Dec 3.
Despite the uncertainties in the global economy as a result of the eurozone debt crisis, Khoo is confident Little Bay Cove will do well.
“The property development sector in Sydney has been relatively shielded, according to the Australian Bureau of Statistics, the preliminary price index for established houses in Sydney has dropped only 0.2% between September 2010 and September this year,” she told The Edge Financial Daily.
Khoo said management has received a very encouraging response following the launch. The developer is targetting first home buyers, investors and upgraders.
“We are expecting strong demand from Asian buyers,” she added.
Solis, the Latin word for “sun”, comprises 45 apartment units, all of which face north and have spacious balconies. Buyers can choose from three layouts with built-ups ranging from 645 to 1,040 sq ft. Prices of the apartment units are tagged at A$495,000.
The entire project will take five years to develop and will offer about 570 residences ranging from apartments, courtyard homes to land allotments. Prices for the upcoming launches of courtyard homes are indicatively from A$985,000 while vacant land lots are from A$1.2 million.
Little Bay Cove is located just 20 minutes’ drive from the Central Business District of Sydney and 10 minutes from the University of New South Wales and the airport. It is also within walking distance of four golf courses, Little Bay Beach, a retail village, parks, playgrounds, a community centre and a chapel located in the adjacent established residential community at Prince Henry.
The green and eco-friendly coastal residential enclave is designed by several Australian firms, including Smart Design Studio, Tony Caro Architecture, Fox Johnston and SJB Architects. Little Bay Cove has committed to reducing potable water use by 60% and energy use by 40% to 50%. About 50% of the estate is dedicated to open spaces.
The green features in all the units are: recycled water supply, water efficient taps and flushing systems,energy efficient lighting, dishwashers and clothes dryers, six-star instantaneous gas hot water systems,motion sensor controls to common area lighting and ventilation and solar photovoltaic panels to power common area lighting.
The site for Little Bay Cove was previously home to the University of New South Wales’ sporting fields and research facility. It was acquired in 2008 by Charter Hall.
TA Global has invested in Australia since 1997, when it first acquired the Wales House heritage building on 66 Pitt Street and redeveloped the property into Radisson Blu Plaza Hotel Sydney, a 362-room five-star hotel. In 2009, the group acquired The Westin Melbourne, a freehold 262-room luxury full-service hotel located in the heart of Melbourne’s central business district.
Next year, TA Global is set to launch the land lots in Little Bay Cove while in Richmond, Canada, it plans to launch the Azalea Apartments and Magnolia Apartments in The Gardens.
Khoo said the group is continuously on the lookout to buy or undertake property development projects in Australia, especially in commercially viable areas in cities such as Perth, Sydney and Melbourne.
Dubbed Little Bay Cove, the 33.6-acre (13.6ha) project along Sydney’s coastline is a joint venture development with Australia’s Charter Hall Group with a gross development value of A$600 million (RM1.9 billion).
“Little Bay Cove provides the platform for us to showcase the best practices in developing a sustainable community with a mix of housing types at affordable prices. It is one of
Sydney’s last remaining beachside communities and offers a desirable lifestyle in one of the city’s sought after coastal locations,” said Kimmy Khoo, executive director of TA Global.
The launch of the first phrase, known as Solis, was held simultaneously in Malaysia and Australia on Dec 3.
Despite the uncertainties in the global economy as a result of the eurozone debt crisis, Khoo is confident Little Bay Cove will do well.
“The property development sector in Sydney has been relatively shielded, according to the Australian Bureau of Statistics, the preliminary price index for established houses in Sydney has dropped only 0.2% between September 2010 and September this year,” she told The Edge Financial Daily.
Khoo said management has received a very encouraging response following the launch. The developer is targetting first home buyers, investors and upgraders.
“We are expecting strong demand from Asian buyers,” she added.
Solis, the Latin word for “sun”, comprises 45 apartment units, all of which face north and have spacious balconies. Buyers can choose from three layouts with built-ups ranging from 645 to 1,040 sq ft. Prices of the apartment units are tagged at A$495,000.
The entire project will take five years to develop and will offer about 570 residences ranging from apartments, courtyard homes to land allotments. Prices for the upcoming launches of courtyard homes are indicatively from A$985,000 while vacant land lots are from A$1.2 million.
Little Bay Cove is located just 20 minutes’ drive from the Central Business District of Sydney and 10 minutes from the University of New South Wales and the airport. It is also within walking distance of four golf courses, Little Bay Beach, a retail village, parks, playgrounds, a community centre and a chapel located in the adjacent established residential community at Prince Henry.
The green and eco-friendly coastal residential enclave is designed by several Australian firms, including Smart Design Studio, Tony Caro Architecture, Fox Johnston and SJB Architects. Little Bay Cove has committed to reducing potable water use by 60% and energy use by 40% to 50%. About 50% of the estate is dedicated to open spaces.
The green features in all the units are: recycled water supply, water efficient taps and flushing systems,energy efficient lighting, dishwashers and clothes dryers, six-star instantaneous gas hot water systems,motion sensor controls to common area lighting and ventilation and solar photovoltaic panels to power common area lighting.
The site for Little Bay Cove was previously home to the University of New South Wales’ sporting fields and research facility. It was acquired in 2008 by Charter Hall.
TA Global has invested in Australia since 1997, when it first acquired the Wales House heritage building on 66 Pitt Street and redeveloped the property into Radisson Blu Plaza Hotel Sydney, a 362-room five-star hotel. In 2009, the group acquired The Westin Melbourne, a freehold 262-room luxury full-service hotel located in the heart of Melbourne’s central business district.
Next year, TA Global is set to launch the land lots in Little Bay Cove while in Richmond, Canada, it plans to launch the Azalea Apartments and Magnolia Apartments in The Gardens.
Khoo said the group is continuously on the lookout to buy or undertake property development projects in Australia, especially in commercially viable areas in cities such as Perth, Sydney and Melbourne.
