THE towering icon of luxury, Setia V Residences, is set to transform the Gurney Drive skyline and redefine urban living with its exclusive selection of spacious, luxury condos in the sky.

Nestled on one of the last remaining parcels of land along the fa-mous waterfront in Penang, the RM550mil project by SP Setia Bhd will feature two stylish towers of 48 and 43 storeys, housing 166 units with built-up areas from 241.5sq m (2,600 sq ft) to 650.3sq m (7,000 sq ft).

It is set to be the state’s tallest residential building.

Incorporating lush landscaping and water features, it is the epitome of modern luxury.

The company’s property north deputy general manager Khoo Teck Chong said units are priced from RM2.7mil onwards, and each comes with a sizable balcony and a dip pool.

“There will be an acre of facilities and amenities spreading over an 11-storey podium block.

“They include a sky deck and lounge, infinity pool, barbeque areas, sky gardens, gymnasium, double-volume badminton and squash courts, games room, community room, dance studio and sauna,” he said.

“One floor is dedicated for children, with indoor and outdoor playrooms, and wading pool.

“The development will also incorporate two existing heritage buildings, which will be preserved and refurbished,” he said in an interview.

Security is ensured with an integrated alarm and CCTV system, as well as card-only access at lobbies and lifts. The building’s foundations are also touted to able to withstand tsunamis and earthquake vibrations up to 6.8 on the Richter scale.

The renowned developer will also showcase the upcoming Setia Tri-Angle, an integrated lifestyle hub at the Setia Pearl Island enclave of Sungai Ara. A mixed residential and commercial development, it comprises 255 units of apartments and 34 units of retail/office space.

Residential units come in sizes ranging from 120.7sq m (1,300 sq ft) to 195sq m (2,100 sq ft), and priced between RM575,000 and RM1,012,000.

They have been well-received thus far, with nearly 80% of the non-bumi units sold since its recent launching. The two to four-storey retail shop lots have built-up areas ranging from 278sq m (3,000 sq ft) to 557.4sq m (6,000 sq ft), with price tags between RM1.95mil to RM3.6mil. The entire RM265mil project is set for completion in 2015.

Nearby, 35 units of Pearl Villas are currently being built on Setia Pearl Island’s last landed enclave.

Set on elevated ground, the three and a half-storey units afford gorgeous views of Bayan Lepas and Bayan Baru.

The units, each equipped with private pools and lifts, have built up areas of 603.8sq m (6,500 sq ft) and priced at RM2.98mil.

“We have designed it using the contemporary zero-lot concept, whereby the main structure is moved to one side, thus maximising space on the other,” he pointed out.

Over at Setia Greens in Sungai Ara, the terrace units have been fully sold out, with only bumiputra units left. The company is thus rolling up the second element of the phase, 18 semi-detached, three-storey units with built-up areas of 292.5sq m (3,149 sq ft) to 330sq m (3,553 sq ft).

“They will encircle a park with water feature. Open your back door, and a tranquil setting awaits you,” Khoo said of the units, priced at RM1.65mil.

During The Star Property Fair 2012, the company is offering its Setia Packages, which include developer interest-bearing, free legal fees and stamp duty on SPA and loan documents and 0% interest free instalment plan up to 36 months for Maybank credit card holders. This promotion is subject to terms and conditions.

For further enquiries, please call Setia Sales Gallery at 04-6412255.

Touted as Malaysia’s premier showcase for stylish living, the four-day extravaganza will be held at Gurney Plaza and the adjoining G Hotel from July 12 to July 15.

Organised by The Star for the 10th year, the fair will be open to the public from 10am to 10pm daily. Admission is free.

To date, 50 exhibitors, including financial institutions and investment companies, have confirmed their participation.

Among the major players are IJM Land, SP Setia Group, Mah Sing Properties, Sunway Berhad, Ivory Properties Group, DNP Land, BSG Property, Ideal Group, Bukit Kiara Properties, Andaman Property, Henry Butcher, KPWG International, Magna Putih, Province Valley and Tambun Indah Land.

This year’s new faces include Elite Forward, Sunrise Manner, Solid Tribute (Asia Green Group), GSD Land, Quantum Metro Deve-lopment, Zetapark Development, East West One Consortium, PJD Eastern Land, Airmas Management, Property Talk, Avenue Properties and Popular Realty.

For contest buffs, three tablets and other attractive prizes will be won daily.

IJM Land is the official sponsor for the contest while Hong Leong Bank is the sponsor for the talks and forums.

Source: The Star