S P Setia launches Sky Oasis Residences with RM180 GDV

JOHOR BAHRU (Aug 8): Malaysia's biggest property developer S P Setia Bhd has launched the "Sky Oasis Residences" luxury condominium project, which promises RM180 million gross development value.

Setia City Development Sdn Bhd general manager Ricky Yeo said although the project was only launched recently and slated for completion in 2015, 60% of the international units have been snapped up.

Project developer Setia City Development is S P Setia's wholly-owned subsidiary.

"With the price range from RM300,000 onwards, it's reasonable to people who aspire for modern living under the 'Urban Lakeside Living In The Skies' concept," he told Bernama.

Sky Oasis Residences is at the Setia Indah housing estate, also developed by S P Setia.

Ricky said the 28-storey luxury condominium has 434 units, measuring 756 sq ft up to 1,003 sq ft, besides facilities like infinity swimming pool, Sky Terrace and a gymnasium.

He said Sky Oasis Residences was the only condominium, with a panoramic 5.6ha (14 acres) lake view, a golf course, road and highway access.

The condominium is also surrounded with various facilities such as a hypermarket, a private tertiary learning institution, a petrol kiosk and a bank besides proximity to the Tebrau Economic Corridor, he said.

"As Sky Oasis Residences is located near a college and a higher learning institution, buyers can rent out their units to students," he said.

Ricky said the majority of the buyers were Malaysians working in Singapore and those having a young family.

He said Malaysians working in Singapore were interested in the condominium as it was linked with a good road and highway network leading to Singapore.

"Sky Oasis Residences is only 20 minutes away from the Senai International Airport and the Customs, Immigration and Quarantine Complex at Sultan Iskandar building," he said.

The condominium is also accessible by the North-South Expressway, Eastern Dispersal Link, Tebrau Highway and Pasir Gudang Highway, he added. — Bernama