The Cova attracts brisk sales

The Cova attracts brisk sales

SUBANG JAYA: Despite being a relatively new player in the property industry, Andaman Group Sdn Bhd appears to have struck a chord among buyers with its latest project.

The Cova in Kota Damansara, which has a gross development value of RM332mil, has raked in sales of RM252mil within 10 months of its launch last June.

The mixed development project comprises 346 apartments, 64 retail units, 268 small office home office (SOHO) units and 386 condominium units. The Cova is being developed over three phases: Cova Villa, Cova Square and Cova Suites.

Andaman Property Services Sdn Bhd chief executive officer B.H. Tan said 60% of the condominiums (known as Cova Suites) had been sold since their official launch on April 13. Andaman Property Services is a unit of Andaman Group.

“We had a remarkable crowd that weekend. Over four days, we sold 100 units for RM30mil,” he told StarBiz.

As competition increased, Tan said developers had to inject creativity and innovation into their products.


B.H. Tan with a model of the Cova development
“Buyers are now very knowledgeable and particular about what they are looking for,” he said.

Cova Suites, with built-up areas ranging from 1,059 to 2,850 sq ft, are priced from RM259,800. The condominiums are housed in three blocks.

Tan added that buyers ought to make purchases based on the good return value, especially yield and capital appreciation.

Each unit comes with three parking bays, three years' defect liability period, three years' free maintenance and three air-conditioners.

Tan said such benefits would help reduce the burden on buyers.

“Rather than offer a discount, we want to give something that is tangible.

“By giving three years' defect liability period compared with the standard two years, buyers can be assured they will not be short-changed and we will deliver property that is of good quality.

“As for the free maintenance for three years, it will serve young families very well as they can plan their finances properly and allocate money for other matters,” he added.

Although one can dismiss Cova Suites as just another condominium development, Andaman Group aims to create something unique.

“We want to be practical in our design as well as the facilities we provide to buyers. We observe what is popular with buyers.

“Therefore, you will not find tennis courts at Cova Suites. Instead, we will provide facilities such as sky garden, lap pool and infinity pool,” Tan said.

The Cova is scheduled for completion in 2010.

The development is located opposite the Sri KDU Smart School, SEGi College and Tropicana Medical School, and accessible via the Sprint Highway (Penchala Link), Lebuhraya Damansara-Puchong, New Klang Valley Expressway and North-South Expressway.

Andaman Group has also acquired land opposite The Cova for commercial development, tentatively scheduled for launch in July.

Tan described the Cova Corporate City as an “iconic development”.

“It will be a corporate headquarters development, which is suitable for emerging companies,” he said.

The RM350mil Cova Corporate City will have several office towers of different facades and built-up areas.