SUBANG JAYA (Sept 13): Avaland Bhd’s Alora Residences has achieved a take up rate of 50% since its recent launch. Alora Residences, the first phase of 2Fifth Avenue, is a 13-acre integrated development comprising serviced apartments, retail and office components. Avaland was formerly known as MCT Bhd.

The 2.68-acre Alora Residences has a total GDV of RM552 million, comprising 778 serviced apartments and eight retail units on the ground floor, including a drive-through outlet. The devlopment will have serviced apartments will built-ups of 568 to 1,457 sq ft, with options of five layout comprising 1+1 bedrooms, 3 bedrooms and 4 bedrooms configurations. The units’ pricing starts from RM693,800 onwards at RM752 psf.