THE towering icon of luxury, Setia V Residences, is set to transform the Gurney Drive skyline and redefine urban living with its exclusive selection of spacious, luxury condos in the sky.

Nestled on one of the last remaining parcels of land along the fa-mous waterfront in Penang, the RM550mil project by SP Setia Bhd will feature two stylish towers of 48 and 43 storeys, housing 166 units with built-up areas from 241.5sq m (2,600 sq ft) to 650.3sq m (7,000 sq ft).

It is set to be the state’s tallest residential building.

Incorporating lush landscaping and water features, it is the epitome of modern luxury.

The company’s property north deputy general manager Khoo Teck Chong said units are priced from RM2.7mil onwards, and each comes with a sizable balcony and a dip pool.

“There will be an acre of facilities and amenities spreading over an 11-storey podium block.

“They include a sky deck and lounge, infinity pool, barbeque areas, sky gardens, gymnasium, double-volume badminton and squash courts, games room, community room, dance studio and sauna,” he said.

“One floor is dedicated for children, with indoor and outdoor playrooms, and wading pool.

“The development will also incorporate two existing heritage buildings, which will be preserved and refurbished,” he said in an interview.

Security is ensured with an integrated alarm and CCTV system, as well as card-only access at lobbies and lifts. The building’s foundations are also touted to able to withstand tsunamis and earthquake vibrations up to 6.8 on the Richter scale.

The renowned developer will also showcase the upcoming Setia Tri-Angle, an integrated lifestyle hub at the Setia Pearl Island enclave of Sungai Ara. A mixed residential and commercial development, it comprises 255 units of apartments and 34 units of retail/office space.

Residential units come in sizes ranging from 120.7sq m (1,300 sq ft) to 195sq m (2,100 sq ft), and priced between RM575,000 and RM1,012,000.

They have been well-received thus far, with nearly 80% of the non-bumi units sold since its recent launching. The two to four-storey retail shop lots have built-up areas ranging from 278sq m (3,000 sq ft) to 557.4sq m (6,000 sq ft), with price tags between RM1.95mil to RM3.6mil. The entire RM265mil project is set for completion in 2015.

Nearby, 35 units of Pearl Villas are currently being built on Setia Pearl Island’s last landed enclave.

Set on elevated ground, the three and a half-storey units afford gorgeous views of Bayan Lepas and Bayan Baru.

The units, each equipped with private pools and lifts, have built up areas of 603.8sq m (6,500 sq ft) and priced at RM2.98mil.

“We have designed it using the contemporary zero-lot concept, whereby the main structure is moved to one side, thus maximising space on the other,” he pointed out.

Over at Setia Greens in Sungai Ara, the terrace units have been fully sold out, with only bumiputra units left. The company is thus rolling up the second element of the phase, 18 semi-detached, three-storey units with built-up areas of 292.5sq m (3,149 sq ft) to 330sq m (3,553 sq ft).

“They will encircle a park with water feature. Open your back door, and a tranquil setting awaits you,” Khoo said of the units, priced at RM1.65mil.

During The Star Property Fair 2012, the company is offering its Setia Packages, which include developer interest-bearing, free legal fees and stamp duty on SPA and loan documents and 0% interest free instalment plan up to 36 months for Maybank credit card holders. This promotion is subject to terms and conditions.

For further enquiries, please call Setia Sales Gallery at 04-6412255.

Touted as Malaysia’s premier showcase for stylish living, the four-day extravaganza will be held at Gurney Plaza and the adjoining G Hotel from July 12 to July 15.

Organised by The Star for the 10th year, the fair will be open to the public from 10am to 10pm daily. Admission is free.

To date, 50 exhibitors, including financial institutions and investment companies, have confirmed their participation.

Among the major players are IJM Land, SP Setia Group, Mah Sing Properties, Sunway Berhad, Ivory Properties Group, DNP Land, BSG Property, Ideal Group, Bukit Kiara Properties, Andaman Property, Henry Butcher, KPWG International, Magna Putih, Province Valley and Tambun Indah Land.

This year’s new faces include Elite Forward, Sunrise Manner, Solid Tribute (Asia Green Group), GSD Land, Quantum Metro Deve-lopment, Zetapark Development, East West One Consortium, PJD Eastern Land, Airmas Management, Property Talk, Avenue Properties and Popular Realty.

For contest buffs, three tablets and other attractive prizes will be won daily.

IJM Land is the official sponsor for the contest while Hong Leong Bank is the sponsor for the talks and forums.

Source: The Star

The Macalister, a 42-storey luxury condominium with 33 units of  residential units. It is located along Jalan Macalister in Georgetown, Penang.

More information to be available upon launching.

Property Project : The Macalister
Location : Macalister Road, Georgetown, Penang
Property Type : Luxury Condominium
Total Units: 33
Developer : Jetson Development

Straits Garden Condominium, the second block of Straits Garden comprises condominium unit with size ranging from 1,302 sq.ft. – 1,345 sq.ft. Ultimate privacy with 4 units per floor and semi-detached concept. It comes with infinity pool, wellness corner, indoor & outdoor gym and skyview corner.

First block of Straits Garden comprises fully-furnished commercial suites.

Property Project : Straits Garden Condominium
Location : Jelutong, Penang
Property Type : Condominium/Apartment
Total Units: 183 (Block B – Condo)
Developer : Tambun Indah

Pearl Impian, part of Pearl City by Tambun Indah. Strategically located in a self-contained township of Simpang Ampat in Southern Seberang Perai, Penang. Surrounded by comprehensive amenities, a broad choice of learning institutions, supermarkets, shops, and other facilities, it is also mere minutes to the North-South Highway, Penang Science Park and the Penang Second Link.

– Standard Land Area : 20′ X 56.5′ onwards
– Gross Built Up Area : 20′ X 36.5′
– 4 bedrooms & 3 bathrooms
– Wet & Dry kitchen
– Car porch can accommodate up to 2 cars

Property Project : Pearl Impian
Location : Pearl City, Simpang Ampat, Penang
Property Type : 2-Storey Terrace
Tenure : Freehold
Developer : Tambun Indah

THOSE looking for a green haven away from the hustle and bustle of city life should consider Sunway Cassia in Batu Maung.

Developed by Sunway Berhad, the sprawling, freehold residential project spans 9.36ha (23.13 acres) and is strategically located near the second Penang bridge and the Penang International Airport.

According to the company’s property development division general manager Tan Hun Beng, they will be opening up Phase 2 of the project for registration during the upcoming Star Property Fair 2012.

To be launched in the fourth quarter of this year, it comprises 59 units of three- storey terrace homes with gross built-up areas of 281.3sq metres (3,028sq ft) and 310sq metres (3,341sq ft), and priced at RM1mil onwards.

It is easily accessible via Jalan Permatang Damar Laut, which connects with Tun Dr Lim Chong Eu Expressway and the Penang Bridge.

The project’s main feature would be its green elements.

“There will be a generous, 0.8ha (2 acres) natural park, along with smaller pocket parks and thematic gardens throughout the development – one of them being the Spice Garden which imbues the place with wonderful aromas.

“With the scarcity of land on Penang island today, it is rare to have such a big plot of land allocated for leisure.

“In addition, units will also have green building features like rainwater harvesting and solar hot water systems,” Tan said when met at his office recently.

Among the units’ other features are modern designs aesthetics, practical layouts, wide windows to aide natural ventilation, spa-cious family areas, separate wet and dry kitchens, walk-in wardrobe and en-suite bathrooms.

The company will also be showcasing its Sunway Wellesley project in Bukit Mertajam on the mainland.

Spread over 24.2ha (60 acres), it is a mixed development of landed and high-rise residences with commercial shop offices.

Phase 1, to be launched this month, comprises 31 units of three-storey shop offices, priced at RM1.2mil, and it is available for booking during the fair.

According to Tan, the project fronts the main thoroughfare of Jalan Muthu Palaniap-pan, and is a stone’s throw away from the old, Bukit Mertajam township, with well-established retail, F&B outlets and banks all in close proximity.

The Penang Bridge, Butterworth-Kulim Expressway, Summit Hotel, Sunway Carnival Mall, AEON Jaya Jusco, Tesco Bukit Mer-tajam, specialist hospitals and national and private schools, are all within a 10km radius.

Tan pointed out that the shop offices would be built around a covered central atrium, giving each unit dual frontage. The atrium will also play host to all kinds of events.

“We anticipate that it’ll become the new lifestyle hub that spices up the area with a new ‘happening’ ambience. The rejuve- nating effects will inject life into the old Bukit Mertajam area,” he added.

The first phase is expected for comple- tion in 2014. The company also expects to roll out Phase 2 either at the end of this year or beginning of next year.

During the fair, they will be offering rebates of up to 10% on selected projects.

Touted as Malaysia’s premier showcase for stylish living, the four-day extrava- ganza will be held at Gurney Plaza and the adjoining G Hotel from July 12 to July 15.

Organised by The Star for the 10th year, the fair will be open to the public from 10am to 10pm daily. Admission is free.

To date, 50 exhibitors, including financial institutions and investment companies, have confirmed their participation.

Among the major players are IJM Land, SP Setia Group, Mah Sing Properties, Sunway Berhad, Ivory Properties Group, DNP Land, BSG Property, Ideal Group, Bukit Kiara Properties, Andaman Property, Henry Butcher, KPWG International, Magna Putih, Province Valley and Tambun Indah Land.

This year’s new faces include Elite Forward, Sunrise Manner, Solid Tribute (Asia Green Group), GSD Land, Quantum Metro Develop-ment, Zetapark Development, East West One Consortium, PJD Eastern Land, Airmas Ma-nagement, Property Talk, Avenue Properties and Popular Realty.

For contest buffs, three tablets and other attractive prizes will be won daily. IJM Land is the official sponsor for the contest while Hong Leong Bank is the sponsor for the talks and forums.

Source: The Star