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Setia Greens

Sungai Ara/ 1 March 2011 912 comments

Setia Greens is the latest residential property development by SP Setia located at Sungai Ara, Penang. The project sited on 29-acres of freehold land in Changkat Sungai Ara, comprises terrace house, semi-detached house and a block of condominium. Phase 1 consists of 149 terraced houses and 18 semi-detached houses.

Setia Greens homes is the first green development in Penang offer a safe and environmentally friendly features. Each home come with solar water heater, rain-water harvesting system, water efficient fittings, cool roof system and low-volatile organic compound paint. All units are orientated to the north and south directions, which keep it away from direct encounter with the sunlight that helps to keep the unit cool.

Property Project : Setia Greens
Location : Sungai Ara, Penang
Property Type : Terrace, Semi-Detached
Total Units : Phase 1 – 149 (Terrace), 18 (Semi-D)
Indicative Price : RM898,000 onwards
Developer : SP Setia (Kewira Jaya Sdn Bhd)
Other Types : 3-Storey Semi-D (Citrus 1 & 2)

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New development planned for Jelutong

Property News/ 24 February 2011 No comments

THE thriving Penang property market has gotten off to a robust start this year with a new development planned for Jelutong.

Tambun Indah Land Berhad has proposed to acquire the entire equity of Premcourt Development Sdn Bhd, and will undertake a mixed strata development project in the area through Premcourt.

The project, with a gross development value (GDV) of RM180mil, involves a 1.69ha piece of land in Jelutong.

Tambun Indah managing director Teh Kiak Seng said the project was located in the heart of the island and would feature modern apartments, office suites and shoplots to meet the demand for commercial and lifestyle properties in the central business district.

“We anticipate to commence development in the fourth quarter of the year. Targeted completion is by the fourth quarter of 2014,” he said in a statement.

Teh said he was optimistic on the outlook of the Penang property market in light of the government’s commitment to continuously improve the infrastructure and provide incentives to attract corporations to establish and expand their facilities in the state.

He said besides Premcourt, Tambun Indah had proposed to acquire Pridaman Sdn Bhd and Ikhtiar Bitara Sdn Bhd.

Pridaman and Ikthiar have landbanks on the mainland.

The purchase consideration for the acquisition of all three companies is RM11.6mil which will be through internally-generated funds.

“Development projects via these companies are expected to contribute approximately RM38.7mil in pre-tax profits from 2011 to 2014,” he said.

He said the proposed acquisitions would increase the group’s GDV by RM245mil and its landbank to 96.3ha.

SOURCE: The Star

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Pearl Villas @ Setia Pearl Island

Property News, Sungai Ara/ 23 February 2011 16 comments

The Isle of Conifer precinct in Setia Pearl Island invokes the wholesome lifestyle synonymous with alpine environments. Here, homes are surrounded by evergreen pine trees and other conifers. The nature-inspired tropical architecture was conceptualised for a whole new level of luxurious living.

Whether the three-storey Pearl Villas or 3-storey semi-detached Aura, Caria and Juniper an exceptional lifestyle awaits you in the Isle of Conifer.

Location : Sungai Ara, Penang
Property Type : Luxury Villa
Land Area : 35ft x 100ft
Build Up Area : 6,577 sq.ft.
Total Units: 35
Indicative Price : RM3,000,000 onwards
Developer : SP Setia
Contact Number : 04-641 2255

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11 Brook Residences

Jesselton, Property News/ 23 February 2011 7 comments

Brook Residence, a prestigious enclave, nestled in one of the most exclusive neighbourhoods in Penang, namely Brook Road (off Jesselton Road), comprises just 11 limited edition luxury bungalows. Gated and guarded for your peace of mind, Brook Residences redefines exclusivity.

Jesselton is a small and unique residential area which is often known as the “wealthy man’s row”.

Location : Brook Road (off Jesselton Road), Penang
Property Type : Luxury Bungalow
Indicative Price : RM5,800,000 onwards
Developer : SP Setia
Contact Number : 04-641 2255

(More information will be added soon before launch…)

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Night of magic and amazing acrobatics at developer?s festive bash

Property News/ 22 February 2011 No comments

THE festive season may have been over, but it didn?t matter to an 8,000-strong crowd who turned up at SP Setia Bhd Group?s Chinese New Year celebration at Setia Pearl Island in Penang.

As early as 6pm, the crowd began pouring in for the open-air street party held at the Isle of Conifer residential area in the residential scheme in Bayan Lepas.

They were greeted by clowns, God of Prosperity, Fook Lok Sau (Three Stars of Blessings), walking magicians and fire-eaters.

Several hawker stalls were set up for visitors to fill their tummies, just in time to catch the rip-roaring opening act by an award-winning lion dance troupe from Gertak Sanggul.

It was a marvellous sight as the main ?alpha? lion pranced about atop two-metre high stilts, with a sea of people gazing on in amazement from below.

Ten smaller lions circled the area, swaying to the beat of drums and cymbals as the alpha lion performed its stunts.

This was followed by a spellbinding mask, costume changing and magic performance by the brother and sister team of Jorinn and Gelvinn Chee.

They had everyone gawking in amazement at their magical sleight of hand.

The highlight of the night was provided by Cirque Shanghai ? an acrobatic troupe specially brought in from China.

Starting off with cultural dance routines with a touch of acrobatics, they moved on to full-fledged acrobatic displays in the latter half of their show.

Twirling around while suspended on rings and fabric, spinning plates atop metal rods and showcasing their flexibility, the acrobats had the crowd erupting in appreciative applause.

According to SP Setia property (north) general manager S. Rajoo, they had initially wanted to hold the bash within the 15 days of Chinese New Year, but with so many events running concurrently, they then decided to hold it on Sunday to give the public an ?extended? festive season.

It was the fifth year in a row that the company had held such an event, Rajoo said, adding that they spent RM250,000 for this year?s party.

?The festive celebration is our way of saying thank you to our purchasers, as well as allowing our staff to get to know them better,? he said.

Rajoo estimated that half of the crowd were purchasers of SP Setia?s properties, while the other half were walk-in members of the public.

The group also took the opportunity to offer a special promotion for its Setia Pearl Island semi-detached housing project ? Juniper, Aura and Caria ? where purchasers pay only 2% and nothing more until completion.

The company will also absorb the costs for stamp duty, legal fees and loan agreement and memorandum of transfer during the promotion, which will end either end of this month or next month.

Rajoo said they planned to launch their Pearl Villas, which he described as the group?s ?best homes? in the development, in the third quarter of this year.

Priced at an estimated RM3mil onwards with built-up areas of 5,700 sq ft, the four-storey villas are expected to be completed in 2013.



SOURCE: The Star

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