Latest launches of semidees in Setia Alam see strong sales

KUALA LUMPUR: Malaysia’s largest property developer by sales volume, SP Setia Bhd, has once again recorded strong sales for its Bandar Setia Alam township in Shah Alam.

The launch of 52 units of 2-storey semi-detached houses in Nevada 3 in Precinct 8, Shah Alam saw a full take-up, while the launch of Rafflesia comprising 60 units of 3-storey semidees was 75% sold. Both were launched on Aug 7.

The general manager of Bandar Setia Alam, Tan Hon Lim said that about 60 people queued up at least two days before the launch to secure a chance of buying a unit. Over 300 people had registered their interest for Nevada within a month, he told theedgeproperty.com.

Nevada 3 units have built-ups from 1,749 sq ft with prices starting from RM450,000. Rafflesia units (pictured) have built-ups from 4,663 sq ft, with prices from RM1.6 million. The houses are designed with 5+1 rooms and 6 bathrooms.

Bandar Setia Alam is a 2,500-acre township built as a nature-inspired sanctuary and urban hub. The township is strategically located in the Klang Valley and offers affordable housing with security, as there is perimeter fencing for the whole township.

Tan said that the majority of buyers for both the Nevada 3 and Rafflesia are existing buyers from Bandar Setia Alam and Setia Eco Park – the award-winning development by SP Setia that consists mainly of semi-detached homes and bungalows in a fully gated and guarded neighborhood. The rest of the buyers are from Petaling Jaya and Kuala Lumpur.

“The buyers for Rafflesia are mainly upgraders whereas for Nevada buyers are mainly first-time homeowners and investors,” he said, adding that the gross development value (GDV) for both Nevada 3 and Rafflesia is RM121 million.

On the next property launch that can be expected at Bandar Setia Alam, Tan said 44 units of  2-storey linked semi-detached homes called Dipteris would be launched soon. The indicative pricing for the development is RM1 million.