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A good look at prime properties in Penang

SP Setia Bhd Group’s annual ‘Setia 4U Showcase’ is back at Gurney Plaza, Penang.

The four-day exhibition, at the mall’s atrium, opened yesterday and will be on from 10am to 10pm daily until Sunday.

Visitors and investors flocked to the expo to find out more about the developer’s prime projects in the northern, central and southern regions of the country, as well as those in Singapore, United Kingdom and Australia.

SP Setia North general manager Khoo Teck Chong said the property featured at the roadshow focused on the developer’s top Penang projects, including the luxurious V Residences condominiums on Gurney Drive and Sky Vista in Relau.

He said SP Setia roadshows offered the best deals and easy ownership packages for its projects.

He said more than 50% of the V Residences Tower A units had been sold while Tower B would be launched soon.

“Tower B comprises units measuring between 1,300 and 1,800 sq ft. They have both city and shoreline view options.

“At less than RM2mil (per unit), the units are for those who want to live on Gurney Drive but do not require a big space,” Khoo said at the opening of the showcase.

He said the project, to be completed by 2016, had attracted both local and foreign purchasers.

Sky Vista, a mid-range condominium, with units priced between RM500 and RM600 per sq ft, comprises two blocks totalling 426 units and separated by a sky bridge.

“There are 10 units per floor with a built-up area of between 900 and 1,500 sq ft. Sky Vista are premium homes sold at mid-range prices.

“We took into account that when people move in, they will want things like air conditioning and water heaters already in place so that there’s no need to re-do the piping layout,” Khoo said.

Slated for launching in October and November respectively, V Residences’ Tower B and Sky Vista are both open for registration and will be ready in three years. Both are freehold projects.

The roadshow will move to Johor next where it will be held on July 5 to 7 and after that to the Klang Valley (Aug 16-17).

Source: StarProperty.my

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  1. Lim Pek Hua
    June 8th, 2013 at 09:08 | #1

    Looks like Setia will once againlead the pack to raise housing prices in Penang…..foresee increases of at least 10% for this year again although some have even estimated to be 20%. If it is the higher quantum of increase, then those without homes yet must act quick!

  2. Dinesh Kumar
    June 10th, 2013 at 03:13 | #2

    With five eggs, Natalie Holt did to Simon Cowell what hundreds of reality show singing contestants have wanted to do for years.
    The woman pelted the rather acerbic singing competition judge with the eggs during Saturday night’s live finale of “Britain’s Got Talent.”
    According to EW.com, Holt was playing in the backup orchestra for brothers Adam and Richard Johnson when she got up from her chair onstage. With an egg carton in her left hand, she cut through the young men and began to toss eggs at Cowell and the other judges.

    Cowell tweeted on Sunday: “I don’t think eggs should be allowed on talent shows. Discuss?”
    Holt, who had a sheepish grin on her face, tossed at least five eggs at Cowell before security stopped her. The brothers kept singing, finishing an operatic version of “The Impossible Dream.”
    At least one toss must have hit its mark, because Cowell removed his jacket after the incident.
    Cowell tweeted on Sunday: “I don’t think eggs should be allowed on talent shows. Discuss?”
    Holt is not the first person to throw something at Cowell. When he was a judge on “American Idol,” he panned and snickered throughout Jonathan Rey’s audition for the third season. Rey approached the judge’s table, struggled with Cowell over a plastic drink cup and tossed water on the judge.

  3. Expat
    June 29th, 2013 at 23:20 | #3

    @Lim Pek Hua
    The only reason they will raise the price by 10-20% is not because of any real fundamentals, but because of uneducated/ignorant speculators who believe the lies that agents and sells reps fed them.

    Really act quickly if you don’t have a property yet. How about don’t act, let property prices fall then buy at 30-40% below todays price.

  4. pgkia
    June 30th, 2013 at 00:17 | #4

    @Expat
    Wow although i hate those speculator, i really think you are being a sore loser by spamming various thread with unfounded accusation. So, can there me which unit of Central Park selling for Rm820k? I am really interested to get one.

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