SP Setia Bhd is launching landed residential units with a gross sales value of about RM64mil in the second half of this year for its Setia Pearl Island project in Penang.
SP Setia property division (north) general manager S. Rajoo said the property comprised 99 terrace and semi-detached units priced from RM898,000 and RM1.4mil respectively.
The houses formed the third phase of the Setia Pearl Island project, Rajoo said.
“The slightly higher pricing reflects a bigger built-up area, high quality specifications and better landscaping designs.
“A total of 54 units will be launched at the end of this month and the rest at the end of June,” he said.
Rajoo said for example, the new units were equipped with homogeneous tiles which had better designs instead of ceramic tiles.
“The living rooms of the new units are also much bigger,” he said.
Rajoo added that 35 of the 99 new units had been sold.
In the third and fourth quarters, SP Setia will launch landed and high-rise homes for Setia Pearl Island with an estimated gross sales value of about RM210mil.
“The landed component comprises 37 three-storey linked houses priced from RM900,000 and eight three-storey semi-detached houses from RM1.5mil onwards,” he said.
“The high-rise project, with an approximate gross sales value of RM160mil, comprises 300 condominiums each with a built-up area of 1,500sq ft,” he said.
The project will launched at the end of this year.
“These two projects will conclude the Setia Pearl Island project,” he said.
On its ongoing projects, Rajoo said the group had sold about 58% of its Reflection scheme, comprising 315 condominium units, launched in April.
“We have sold over 70% of the 58 semi-detached houses launched last October,” he said.
Rajoo said the group was now offering its Invest Setia Home Scheme that allowed purchasers to pay a deposit of 2.5% of the selling price and obtain up to 95% of the loan.
“Under this scheme, the developer will absorb the progressive interests during the construction period,” he said. - The Star