Launch of Ta’Monita Real Estate Residence in Marsascala, Malta

  • 23.July 2009
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Ta’ Monita Residence, a new lifestyle standard setting development in Marsaskala was launched on the Maltese property market on 30 June and with sales targets set for September to be reached before the end of this month.

This was announced by the Tumas Group Property marketing office which is handling the sales and marketing of this exciting development for Tumas and Gasan Groups, the joint developers of this complex.

In the same way that Portomaso set standards for the St Julian’s area and Tas-Sellum Residence set new standards for the north, Ta’Monita is expected to have a similar positive impact on Marsaskala.

When asked about the timing of the market launch, Joe Gasan and George Fenech, the driving forces behind the project, expressed the view that the present world economic climate should also be considered a time of opportunity and challenge. The Groups’ expertise in large scale developments allow them to assess a project from all view points, evaluate its viability and commercial sense.

Maurice Tabone, the Ta’ Monita sales and marketing director commented that a project of this caliber in the south is long overdue and the initial response has vindicated this view.

Ta’ Monita Residence covers an area of over 16,000 square meters and its redevelopment shall result in apartments ranging from studio flats to 3 bedroom apartments and penthouse. The facilities include a swimming pool, a piazza and underground parking with most flats having seaviews.

Low building density, lavish and sensitive landscaping, and unusually attractive elevations shall go a long way in upgrading the locality.

Besides meeting local demand, the company aims to attract foreign high net worth individuals whose investment makes a significant high contribution to local economic activity.

Ta’ Monita is a special designated area giving foreigners a high level of flexibility and favourable conditions when purchasing a Luxury property in Malta. 

Contact a local RE/MAX office for more information regarding this development.

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