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Investment DAMANSARA AVENUE | AZELIA | ATIVO SUITES, highrise version of Desa Park City?

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DirectorLee
post Jun 28 2018, 05:23 PM

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My friend works in Wisma Fiamma, supply products for developers. It seems that a few years ago TA was planning huge development (when property price was at its peak), cleared off all the trees and plants of their land. Then the downturn comes, they have issue with their cashflow it seems, everything stopped. TA Global almost gone bankcrupt, then some high status person inject/invest fund into it. Thats as far as the story goes.

From what I heard, TA Global is very cheapskate, they would call up all the supplies of building material etc, ask who wants to market their product in TA's showroom. In comparison, other developers would buy material to be put into their showroom/spend money in their showroom (like Sime Darby, who tells people they are using high quality products).

Till now the Ativo Suites has no progress at least since 6 months ago. If I were you, I won't even think about buying from this project.
DirectorLee
post Jul 11 2018, 11:55 AM

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QUOTE(BukitKing222 @ Jul 11 2018, 11:41 AM)
TA is a  cash rich awards-winning firm lar. But I read their annex shoplex and corporate suites towers will be deferred to early next year launch.
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What you said, maybe, maybe not... Cause my friend worked in the company that supply them material. Mentioned to me during meeting, the boss said do not approach TA for sales, probably afraid cannot collect the debt. This story was 2 years ago.
I stay near Ativo, always receive their letter, launch launch launch, but the showroom doesnt even open. Ativo Suites launched since 2016 or earlier.
You can easily google information about TA Global, its all delay delay delay... they even have to sell their land to pay debt.

Award means nothing, almost all developer get this title, I dont even know who award them.
DirectorLee
post Oct 3 2021, 03:43 PM

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1k psf... this price... worth it? its not inside desa park.
I dont know, any selling pressure anytime soon Can grab a small unit, just for the facilities XD

 

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