Developer SP Setia launching condo units and semi-detached homes this year
Renowned developer SP Setia Bhd is launching two new projects in Penang this year.
They are Solok Slim, the developer’s maiden project in Jelutong, and Isle of Palm in Setia Pearl Island, Sungai Ara.
Solok Slim consists of two 33-storey condominium blocks with a total of 550 units on a 2.15ha plot of freehold land.
The project to be launched in May offers units with a built-up area of between 1,036sq ft to 1,424sq ft with a price tag of RM750psf.
SP Setia general manager (north) Ng Han Seong said the project was strategically located within the established town-ship of Jelutong with access to schools and colleges.
Speaking during a project briefing on Tuesday at the Setia Welcome Centre, SPICE in Bayan Baru, he said Solok Slim had a residence club and podium facilities including a guest lounge, multi- purpose hall, games room, kids’ playroom, gymnasium, reading room, sauna, pools and Jacuzzi.
Residents can also enjoy the use of a landscaped garden terrace, children’s playground, pre-function area, spice community garden, barbecue/party deck, basketball court, multipurpose court, yoga/ taichi deck, jogging track, water courtyard and outdoor dining pavilion.
Ng said the project had a gross development value of RM450mil.
The landscape, designed by an award-winning architect from Singapore, will have 112 different species of plants.
As for Isle of Palm, it is within a guarded community in Setia Pearl Island. It is a low-density development with only 30 three-storey semi-detached units.
Each of the homes comes with a land area from 2,880sq ft to 8,148sq ft and a built-up area from 2,155sq ft to 3,795sq ft.
The project, which has a GDV of RM70mil, has 17 designs for selection and the sales launch is set for March.
Source: TheStar.com.my
“The project to be launched in May offers units with a built-up area of between 1,036sq ft to 1,424sq ft with a price tag of RM750psf.”
wow, it cost 777k onwards. Penang really only for rich people to stay now.
Ideal sell houses about 550k with 1k+ square feet at Relau area, for a popular area like Jelutong, 750k is justifiable.
wondering why Arena at bayan baru next to SPICE is selling for 570K, 450psf only
@Buyer
1260 sft asking for 570K
May I know what is famous in Jelutong beside the Sewage treatment plant and jam everywhere every time area.
@Low Yat
Jelutong is a fantastic location as it is convenient to go anywhere from here. It is a very appealing location to those prefer convenience.
I think this is not really jelutong. it’s more of a free school area. But of course, you have all those 50-year-old low cost flats around. SP Setia doesn’t know what it is doing, new management now. Then again, they have money to burn, lots of money to burn, a loss-making GLC that needs bail out in the making.
Please provide more details on this project