SP Setia Bhd will showcase 99 units of landed residential property with an estimated gross sales value of about RM64mil at the Star Property Fair 2010 from July 23 to 25.
Group general manager (north) S. Rajoo said the Setia Pearl Island scheme in Sungai Ara, Penang, comprising three-storey linked and three-storey semi-detached houses were targeted for launching end of this month and middle of next month.
The units, priced from M898,000 to RM1.5mil, each has built-up areas ranging from 2,740sq ft to 3,450sq ft.
The property, which forms the third phase of Setia Pearl Island project known as Isle of Conifer, has bigger built-up areas than the previous launches, higher quality specifications, and better landscaping designs.
“We are targeting these homes at those with the disposable income to upgrade their lifestyle and also to investors who want to invest in landed properties as a hedge against inflation,” he said.
SP Setia’s RM160mil Reflections condominium, launched in April, and 58 units of three-storey semi-detached houses for the Setia Pearl Island project, launched last October, will also be promoted at the three-day fair which will be held at G Hotel and Gurney Plaza.
Rajoo said SP Setia, which will be taking up four booths, had sold about 58% of the Reflections project comprising 317 condominium units priced from RM387,000.
The condominium facilities include a swimming pool, wading pool, Jacuzzi, sauna, gymnasium, mini basketball practise court, landscape gardens, squash court, reflexology path, and fitness platform.
He said they had also sold over 70% of the semi-detached units, priced from RM1.4mil.
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% loan.
Under the scheme, the developer will absorb the progressive interests during the construction period as well as the legal fees and stamp duty on the sale and purchase agreement and loan documents. - The Star