Setia Eco Templer’s ‘Peranakan Nostalgia’ homes set for 2Q2017 launch

SELAYANG: S P Setia Bhd is looking to launch phase 2A of its 194-acre Setia Eco Templer township near Selayang, Selangor in 2Q2017.

Setia Eco Templer general manager Dianne Chan said the design concept for the 23.9-acre phase 2A is based on the theme of “Peranakan Nostalgia” and will comprise 168 units of double-storey linked villas and semi-detached homes.

“Many of us enjoy the nostalgia of heritage buildings like the ones on Penang Island and in Melaka so we want to give a modern interpretation of the theme here,” said Chan.

The developer will be using tiles and window features with Peranakan motifs. “We will also be doing a Peranakan style landscape for the outdoors. We have heard a lot about Balinese landscape and others, but no one has ever done a Peranakan landscape in a modern property project before,” she told TheEdgeProperty.com.

The gross development value (GDV) of phase 2A is about RM206 million. The starting price will be from about RM950,000. Chan is confident that the homes will do well despite the challenging property outlook for 2017.

“We feel that our pricing is very competitive, and with our concept and the gated-and-guarded environment, I am confident that homes here will be sought after [by homebuyers]. People are already registering for phase 2A,” she said.

The homes in phase 1, which has a GDV of RM282 million, will be completed and handed over in May 2019. The RM25 million interchange that connects the township directly to Jalan Kuching will also be completed in May 2019, she said.

The 44-acre phase 1 known as Essex Garden was launched in May last year. It comprises 234 units of linked villas, bungalows and semi-detached homes. All units were sold within two weeks.

On March 4, the developer has launched its Rumah Selangorku units at Setia Eco Templer. The launch was officiated by Selangor Menteri Besar Datuk Seri Azmin Ali.

“There will be 900 units of Rumah Selangorku homes comprising 180 apartment units of type A (700 sq ft) and type C (807 sq ft), while for type D (1,001 sq ft), there will be 540 units. The selling prices will start from RM42,000 to RM220,000,” she said.

On the commercial hub known as The Grove @ Templer, Chan said 22 of the 40 shopoffice units have been sold since they were launched on Feb 11. Of the 40 units, 32 are 3-storey units with built-ups ranging between 4,921 sq ft and 7,262 sq ft while the other eight units are 2-storey units with built-ups ranging from 2,996 sq ft to 4,350 sq ft.

“Prices start from RM1.3 million and RM1.8 million for the 2-storey shop units and 3-storey units respectively,” she said, adding that she expects the commercial units to be fully taken up in the next three months.

Sitting on leasehold land in Templer Park, Setia Eco Templer has a GDV of RM2 billion and will be developed over the next seven to 10 years.

This story first appeared in TheEdgeProperty.com pullout on March 10, 2017. Download TheEdgeProperty.com pullout here for free.