SP Setia's 1st Australian project 70% sold in 3 days

Malaysia’s No 1 property developer, S P Setia Berhad, has sold 70% of the 1st phase of its Australian project after a short three-day preview in Kuala Lumpur.

“We are overwhelmed by the tremendously strong support shown to us by Malaysian property investors for our maiden Australian venture. We wish to express our heartfelt thanks to our buyers, most of whom are strong followers of the S P Setia Group, with many having bought properties from us in the past,” said Tan Sri Liew Kee Sin, President and CEO of S P Setia Berhad.

The project called Fulton Lane marks S P Setia’s first foray into the Australian market and comprises a compelling and predominantly residential development in the northern heart of Melbourne’s Central Business District (CBD).

Offering 291 units of apartments in its first phase, 203 units were sold amounting to AUD112 million after the developer previewed Fulton Lane to the Malaysian market for the first time over the weekend of June 24.

Apartments sold started from AUD370,000 for one bedroom at 45sqm, AUD515,000 for two bedrooms starting at 60sqm and AUD1,050,000 for three bedroom dwellings starting at 114sqm.

With distinctive architecture provided by the acclaimed Karl Fender of Fender Katsalidis Architects, Fulton Lane will enhance the northern end of the CBD by offering quality dwellings, a green pergola, communal garden, gymnasium, pool and roof terrace with theatrette and function spaces.

Property investors who are still interested in taking up units in Fulton Lane may call S P Setia’s Group Marketing Division at +603-21712255.

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