The Board of Directors of SP Setia wishes to announce that on 2 March 2011, Setia Eco Villa Sdn Bhd, a subsidiary of SP Setia, has entered into a conditional sale and purchase agreement (SPA) with Cyberview Sdn Bhd and Setia Haruman Sdn Bhd for the proposed purchase of a piece of freehold land within the Cyberjaya Flagship Zone measuring approximately 268.11 acres for a purchase consideration of RM420,439,377.60 or RM36 per square foot.

Setia Eco Villa Sdn Bhd proposes to undertake a mid to high-end gated and guarded development (to be known as SETIA ECO GLADES) comprising mainly semi-detached homes, bungalows and commercial developments on the land. Based on the preliminary feasibility study and layout plan, which is subject to the approval of the relevant authorities, the proposed development is expected to have an estimated gross development value of approximately RM3 billion. The proposed development is expected to commence in financial year 2012 (beginning November 2011).



1 UP FOR CYBERJAYA




This post has been edited by MO1: Mar 2 2011, 09:33 PM

not gonna be cheap thats for sure...

For those who cannot afford Setia Eco Glades' RM2 million price tag should take a peek at a housing development right next to it...BANDAR NUSAPUTRA (click here)

Actual View of NUSAPUTRA PRECINCT 1

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Added on March 3, 2011, 11:32 pm
The eastern part of SEG borders Cyberjaya Lake Garden...must be nice once the lake garden is fully landscaped
WIKIMAPIA: Setia Eco Glades (click here)




This post has been edited by MO1: Mar 3 2011, 11:41 PM

Selangor Science Park 2 and Bandar Nusaputra shall cater to the requirements of middle-class families whereas Cyberjaya will largely serve the 'millionaires'. Just like Kota Damansara vis-a-vis Tropicana, or PJ vis-a-vis Bangsar.

try this site: SSP2 (click here)

Admittedly some of the first phase houses in Nusaputra, those built before 2006, had problem with sinking driveways as graded land not fully settled (same thing happened to first phase of Setia Alam).

Subsequent phases do not have such problem. I know as my brother bought 2 houses in Nusaputra (from developer for only around RM110psf)...he is happy no problem and resale prices have moved up by more than 70%. Even at that price it is still substantially cheaper than those in Cyberjaya (at RM350-400psf).

I've been to Nusaputra (which is a G&G community) several times and came away rather impressed with the surrounding and landscaping...just my opinion, as I might be biased for my brother sake, but these photos don't lie:





Nusaputra Environs (click here)

This post has been edited by MO1: Mar 13 2011, 08:11 PM

The Board of Directors of S P Setia Berhad wishes to announce that its subsidiary, SETIA ECO VILLA SDN BHD, has changed its name to SETIA ECO GLADES SDN BHD with effect from 7 April 2011. The Certificate of Incorporation on Change of Name of Company was received on 11 April 2011.

This announcement is dated 11 April 2011.

Link to Bursa Malaysia

Setia Eco Glades...open for registration
click here

will the ramp leads to SEG only or to other parts of cyber as well?

if the interchange leads to other parts of cyber as well, won't it result in congestion at SEG.