New SP Setia Township Project in Semenyih - Setia Eco Hill - set to transform Semenyih this late 2012.



SP Setia Bhd set to buy land for future development in Malaysia
May 28, 2012 | Comments 0


Demand for high-end residential properties was on the rise in south Johor which has been intertwined with Singapore in economic activities.
The Star reported that SP Setia Bhd is allocating RM 1 billion (US$316.5 million) yearly to acquire new land for future development in the Klang Valley, Penang, and Iskandar Malaysia.

President and chief executive officer Tan Sri Liew Kee Sin said replenishing its landbank in the shortest time possible would place the company in a better position compared with other developers.

“Sufficient landbank is the life-line for us (developers) without which we could not properly plan our future projects,” Liew said after SP Setia’s award winning development Setia Eco Gardens in Iskandar Malaysia bagged the FIABCI Prix d’Excellence award at a recent ceremony.

He went on to say that the move was vital as the company would be able to continually launch new projects as the take-up rate for its properties was good.

Malaysia, Singapore, India, Taiwan, Russia, Hungary, and Switzerland were among the 14 winners of the 2012 FIABCI Prix d’Excellence Awards.

Liew said that among Kuala Lumpur, Penang and Iskandar Malaysia, getting new land in Penang was the most difficult due to the space constraint there and that those who managed to get land in Penang would go for high-density projects.

“In the Klang Valley, the next growth centres will be within the Kajang and Semenyih areas,” said Liew.



He said the upcoming My Rapid Transit system would help boost property development projects outside the existing development centers in the Klang Valley.

Developers have started to look for land in the new development centers now that there is better accessibility and connectivity within the central region due to the completion of the MRT.

Liew said on south Johor Iskandar Malaysia would drive the property market based on the progress and development taking place in the corridor over the last six years.

“Iskandar Malaysia is more compared with other economic growth corridors in Malaysia,” he said. “It is a well-known fact that Johor and Singapore are intertwined in economic activities during good or bad times due to their close proximity.”

Liew said the company was fortunate since all of its projects in southern Johor were strategically located within the flagship development of Iskandar Malaysia.

The ongoing projects include Bukit Indah with only 5 per cent left for development from the entire 610.68 ha, Setia Eco Gardens and Setia Business Park.

Liew said they will continue looking for property and that the remaining landbank would keep the company busy in Iskandar Malaysia in the next 10 to 15 years.

According to Liew on average, land prices in Iskandar had appreciated when the company first came 15 years ago and now the opening of the Eastern Link Dispersal Expressway and upgrading of several road have improved connectivity and accessibility.

SP Setia is the only Malaysian developer to have won four FIABCI Prix d’Excellence awards Setia Eco Park in Shah Alam won for Best Master Plan (2007) and Best Residential (Low Rise) Development (2011) and Setia Eco Gardens for Best Master Plan (2009) and Specialised Project (Purpose Built).

Source:

http://www.property-report.com/sp-setia-bh...-malaysia-21541

http://www.theedgeproperty.com/news-a-view...attraction.html



This post has been edited by izzudrecoba: May 31 2012, 12:00 PM

could be good investment depends on the MRT readiness

last 2wk i went to bandar akademia semenyih show house..gosh, really2 far from semenyih actually..already across N9 border to reach there..45min from kajang, speed 70km/h average..

imo, 1st thing to make semenyih as potential investment place is the road..make it wider!!!

This is kl or negeri sembilan

Absolutely agree with you firr, the current road in Semenyih is narrow that you wish you own a helicopter to commute to work. Luckily, with the arrival of SP Setia as a developer in Semenyih, there would be a new proposed highway linking Beranang to LEKAS highway, without need to pass the Semenyih town

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Added on May 29, 2012, 1:46 pmSemenyih is located about 8km from Kajang, Selangor. The place is under Selangor state, airline.

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Added on May 29, 2012, 2:19 pmAgree, thunderaj. The MRT is set to be operational by 2017. So if we are looking 5 years from now, the property price in Semenyih and Kajang are relatively "undervalued" and attractive.

This post has been edited by izzudrecoba: May 29 2012, 02:19 PM

Neither KL nor N.Sembilan... this is Selangor..

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Added on May 29, 2012, 2:26 pmMRT has minimal or no impact in semenyih IMHO..
Sp Setia is leveraging the Lekas highway, joining SILK all the way to Cheras highway, bypassing Kajang town.. So I dont think MRT is a selling point here.. moreover it is 8km apart..

This post has been edited by twincharger07: May 29 2012, 02:26 PM

Haha ok
Did anyone managed to call the number for more info?

Airline gor...if u call dun forget to update here!!

According to one prospect buyer from Pelangi Semenyih facebook group, SP Setia informed him via telephone that the starting price for the landed property would be from RM 3++k onwards (This late 2012). A highway will be developed from Bandar Rinching area straight to LEKAS highway.

Either way, the prospect of housing price in Semenyih will be valued "superbly" in the long run, with the arrival of the top developer like SP Setia.

much cheaper than TMS SouthVille.. investor sure goreng this part of semenyih

Semenyih part is leasehold or freehold ya boss?

Not true. The Saujana Impian MRT Station will be around 12km from the LEKAS highway in the Bandar Rinching vicinity. The other MRT Station in Bandar Kajang will be around 11.7km from the LEKAS highway too

When the President of SP Setia said "the upcoming My Rapid Transit system would help boost property development projects outside the existing development centers in the Klang Valley", then we must not took his word with a pinch of salt.

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Added on May 29, 2012, 2:47 pmFreehold, airline

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Added on May 29, 2012, 2:48 pmVery encouraging statement twincharger07. SouthVille will be priced from RM530k onwards, while SP Setia eco-Hill will be priced from RM 300k+++ onwards

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Added on May 29, 2012, 2:49 pm

This post has been edited by izzudrecoba: May 29 2012, 02:49 PM

come on.. do some own think and exploration before believing what all the paper say.. if 12km and 11.7km to MRT/LRT is consider "NEARBY", more than half of klang valley is nearby to any public transport.. Equine can advertise their township close to upcoming Bandar Puteri LRT station.. any project within 10km from any MRT/LRT can advertise as "close to public transport"....

You have a valid point there, my friend. Developer sometimes able to twist the MRT project to their advantage

Nevertheless, I would like to share the attractive real-estate investment in Semenyih for the potential investors out there. And hopefully the highway built by SP Setia linked to LEKAS highway would facilitate smoother ride to work, as a solution of terrible traffic jam encountered by Semenyih residents at this point in time.

Keep on sharing your valuable insights, buddy.

Kuala Perlis is very close to Singapore. Kekeke

WEDNESDAY, MARCH 28, 2012

Projek Connemara @ Beranang
Ini adalah kajian pembangunan yg telah dilakukan untuk projek pembangunan di Connemara Estate Beranang, buat mase skrg mungkin lokasi di Branang bukanlah pilihan utama para pelabur dan juge para pemerhati hartanah. Namun untuk 4 - 6 tahun kehadapan, lokasi ini adalah antara lokasi hartanah mewah yg bakal dibangunkan oleh pemaju hartanah ternama seperti UEM land, I&P, Metro Kajang, SP Setia dan juga my beloved company
Al-Bukhary Group JV with Gamuda.





Lokasi tanah di Connemara Estate ini sebenarnye tidak sejauh mane seperti yg disangka oleh kebanyakan pihak, mungkin access utk ke lokasi agak kurang memuaskan buat mase ini tetapi satu lg projek pembangunan lebuhraya mega akan di hubungkan antara Beranang ke kuala lumpur. lihat gambarajah di bawah.



Garisan dot-dot itu adalah East West Link yg akan merentasi projek hartanah Connemara Estate, untuk tapak ini cadangan pembangunan adalah bercampur iaitu perumahan & Commercial Hub. tanah seluas 1,543 ekar ini telah di bahagikan kepada 2 phase iaitu parcel A dan juga B, untuk parcel A kami mengsyorkan untuk pembangunan hartanah perumahan mampu milik yg bermula dari harga RM450K dan ke atas. iaitu double storey link dan juga semi-D.




Jangkaan Launching date blum dapat ditentukan lagi, tp paling lewat pada tahun 2014. so kepada yg belum memliki hartanah usahla bimbang, kerana masih ade lg projek hartanah mampu milik yg akan di bangunkan sekitar 2 tahun ni. cume yg penting sediakan fulus-nya saje.. huhuhu..



Bulan yg sangat sibuk dgn kerje yg bertimbun dan 1001 analisa hartanah di sekitar lembah Klang, too tired. hope tahun depan boss kasi bonus lebey skit & naik gaji manyak-manyak.. ehehehe..




Mengikut rancangan pembinaan, Hospital Kajang juga akan di alihkan ke tapak Connemara ni, tp setakat ni KKM belum membuat sebarang keputusan sama ada berseteju ataupun tidak utk pemindahan Hosp. kajang yg baru ke sini. So skrg ni tgh duk pening kepala utk siapkan report kajian kemungkinan utk Tapak hospital Kajang yg baru.. very the busy.. penaatttt + kepala berdenyut. sume nk cepat yg buat kerje bap kerat je.. adeehhh. sib baikla Boss baik hati so kite sebagai pekerja pun kenala suci hati & komited, sesekali menuang tu apekan daye.. hahahaha..

Source: http://shafiza8828.blogspot.com/2012/03/pr...a-beranang.html

unfortunately, no matter how strong is the brand name of setia
this place is no where near KV
the basic fundamental of property play, location to me is FAIL

great info you hav there my fren...
already know they hv 2 plots of land and other big guns also buying up in semenyih area... if Sp Setia can turn it into a selfsustain township, then we will have a good case here..

SPS got many followers one, don't pley pley.

The new definition from Personal Money magazine and property experts said that radius within 40km near KL can be considered within Klang Valley.

After all, Rawang, Puncak Alam and Ijok were about 35km, 40km and 50km respectively to KL. On the positive note, Semenyih is only 36km from KL, 30km from Cyberjaya, 25km from Putrajaya, and 46km from KLIA.

I agree that without the highway that connects to LEKAS, the location can be interpreted as "unsuccessful" in the eye of short-sighted and hasty investors.

This post has been edited by izzudrecoba: May 29 2012, 03:12 PM