Avaland’s Meria@Cybersouth Square achieves 50% take-up of its first phase of 49 units
Meria@Cybersouth consists of 190 dual-frontage, individually titled two- and three-storey shop units with built-ups from 3,341 to 6,587 sq ft, with prices ranging from RM1,585,800 to RM4,549,800.
KUALA LUMPUR (March 10): Avaland Bhd (KL:AVALAND) Meria@Cybersouth Square has achieved a 50% take-up of its first phase launch of 49 units on Feb 22. Meria has 190 units with a gross development value (GDV) of RM366 million, and is part of Avaland’s 417-acre Cybersouth masterplan, which has a total GDV of RM1 billion.
“Meria’s encouraging take-up underscores Cybersouth’s growth potential and investment appeal. Its strategic location, within 10km of over 600,000 households, positions it as a commercial focal point,” said Avaland chief executive officer Apollo Bello Tanco.
Set against the backdrop of The Island@Cybersouth, a 40-acre development featuring a 37-acre waterbody, Meria spans 20 acres. It consists of 190 dual-frontage, individually titled two- and three-storey shop units with built-ups from 3,341 to 6,587 sq ft, with prices ranging from RM1,585,800 to RM4,549,800.
The GreenRE-certified project features eco-friendly designs, energy- and water-efficient elements, pedestrian-friendly walkways, and native greenery to minimise environmental impact, while fostering business growth.
“Our vision for Cybersouth is centred around creating a self-sustaining township, guided by strong ESG (environmental, social and governance) principles. Meria serves as a commercial hub, integrating sustainable features to enhance both environmental stewardship and community well-being,” Apollo added.
Avaland reported record-breaking performance in FY2024, with property sales surging 53% to RM894.2 million, supported by five major launches totalling RM1.8 billion in GDV. The company’s unbilled sales stood at RM900 million as of Dec 31, 2024, up from RM863 million in 2023, ensuring strong earnings visibility.
Looking ahead, Avaland plans to launch projects worth RM1.6 billion in GDV in 2025, bringing its total launches to RM3.4 billion over two years. The company is also set to complete three developments, delivering 1,664 units, with a combined GDV of RM1.5 billion.
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Source: EdgeProp.my
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