Property developer S P Setia Bhd will be launching Retusa – which comprises 48 units of 3-storey linked semi-detached houses at Precint 11 of its Setia Alam township tomorrow, Bandar Setia Alam deputy manager Tan Siow Chung told TheEdgeProperty.com via email.
“The freehold semi-dees will have built-ups of 3,171 sq ft and are priced from RM1.27 million onwards. It will sit on a 32 ft by 70 ft plot,” he said.
“The estimated gross development value (GDV) of the project is RM62 million and it is expected to be completed by April 2018,” Tan added.
According to Tan, the development is also easily accessible via the North Klang Valley Expressway (NKVE) through the Setia Alam link and has many public amenities nearby such as the Setia City Mall and Setia City Park.
Meanwhile, another project in Precint 11, the Edulis 3-storey terraced houses which were launched late March this year, are fully sold.
Edulis comprises 70 units with built-ups of 2,579 sq ft that are priced from RM891,000.
“We are extremely pleased with the take-up rate of Edulis and it is a testament that demand for quality and affordable properties in strategic locations with good accessibility still commands interest from genuine property purchasers.
“We are also confident that Retusa will see a good take-up rate with its generous built-up that will appeal to those seeking a spacious and comfortable home in a self-contained township,” he added.
Setia Alam is 2,525 acres in total (excluding Setia Eco Park) with a total GDV of RM21.5 billion. Currently, the township is about 70% developed. - The Edge Property