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PETALING JAYA: S P Setia Bhd launched its Trefoil SoFo (small office flexible office) project in its Setia Alam township in Shah Alam last Saturday.
About 1,000 interested buyers were at the launch which saw over 60% of the 1,020 units that were open for sale, sold via balloting.
Trefoil SoFo comprises three towers housing a total of 1,500 office units. The developer launched Blocks A (35-storey) and B (36-storey) over the weekend and hopes to launch Block C (35-storey) tentatively by 4Q11.
The units have built-ups ranging from 485 to 790 sq ft and tagged from RM245,000 to RM450,000. The RM450 million development is located within Setia City, the commercial precinct of Setia Alam just five minutes’ walk on ground or via a covered elevated walkway from Setia Mall.
Bandar Setia Alam Sdn Bhd divisional general manager Tan Hon Lim told The Edge Financial Daily that the SoFo units are without internal partitions and therefore allow the owners or occupants the flexibility to customise or to fit-out the units to their requirements.
“Owners can opt to buy two units side-by-side and erect an internal connection. One of the unique selling points is that it offers buyers greater flexibility to create a property of their choice – be it for residential or office use,” he added.
Bandar Setia Alam is a subsdiary of S P Setia and developer of the 4,000-acre Setia Alam township.
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| An artist's impression of the RM450 million Trefoil SoFo in Setia Alam. |
Among facilities available are a 50m lap pool, pebble stream, jacuzzi, wading pool, fitness station, multipurpose hall, reflexology garden, yoga deck, sundeck, jogging track and grand lawn. The developer is also offering a 20:80 developer interest-bearing scheme.
Tan explained that Trefoil is the name given to the clover shape of the project as seen from the top. Tre is Italian for three.
“We chose this name as it reflects the aerial pattern that the project’s three tower blocks make. It also has a contemporary feel to it in line with the concept of small office home office (SoHo)/SoFo.”
Tan said most buyers over the launch weekend were investors. “Most of them are repeat buyers from Setia Alam and Setia Eco Park. There was also a large number of buyers who purchased units for their own use,” he said.
Launched last October, the RM5 billion Setia City integrated green commercial hub will include 40 corporate towers and serviced apartments spanning 240 acres. The developer is constructing its own corporate building at Setia City comprising a nine-storey block with a four-storey annexed building, which is connected to the mall via a bridge.
Meanwhile, about 80% of its much-anticipated Setia Mall’s net lettable area has been leased and the mall is slated to officially open next year.
The four-storey mall’s anchor tenants include Parkson, Golden Screen Cinemas, Urbanfresh supermarket, Harvey Norman, Fitness First, Courts and Wangsa Bowl.
Tan said the next launch at Setia City will be in 2Q12.
“It will comprise serviced apartments with built-ups from 750 sq ft. There will be no other SoFo developments here in the immediate future,” he added.
This article appeared on the Property page, The Edge Financial Daily, July 29, 2011.
