http://www.setiaskyseputeh.com.my/



This post has been edited by accetera: Jun 26 2016, 09:20 PM

will hit rm1000 psf?

I'll post the newer renderings later.

But these are the old designs. Excited?





Initially planned as towers between 47 to 50 storeys to grace the skyline of KL Pantai/Seputeh area... but I think they have changed entirely the design and reduced the density.

This post has been edited by accetera: Feb 19 2013, 12:33 AM

Got graveyard view build so high

Garden of Heaven.. haha

Bro, what is the tentative selling price psf?

Aggressive SPS.

another luxury product @@

This is a "luxury" product. But pricing will be competitive and they will give "value".

This better or Eco city better for investment

See the pricing first.

If location, I feel Eco City is better but Seputeh has strong pool of own supporters.

highrise building equal to high risk investment.. if any property bubble highrise will be much effected.. more worse if any natural disaster ie. earth quake..

Pushed to 2014...

u mean next year launch??

This project is the next thing for this area.

However, sadly it is a JV with someone and SP Setia.

Next yr pre GST panic buying?

coming soon... 1300 psf before rebate. Min Unit size = 2300 sqft...

*Pengsan*

Parking 1st

Tag in KL Eco city and existing successful mall, looks tempting.

pengsan. ecocity vogue 1 only 1500psf gor small size. still got units too. this one FROM 1300...?!

http://www.setiaskyseputeh.com.my/

Spacious indeed..


Attached thumbnail(s)

if not mistaken, I saw some people protesting this project on TV news today. saying will destroy green lung

Another Green lung destroyer...

sales will be bad lah..absolute 3mill.. good luck spsetio

wonder who is the target market / buyers..

not many can afford this kind of price

Could it be Pavilion Taman Tun protest? 500 people turned up today to protest.

ya ya u correct..

the project have affordable housing for ex-estate workers / long house something like that..

didn't really follow the TV news.. juz saw like that only.. that's why I like 50/50 only

setia sky seputeh seems very high end launch...any more info forthcoming? anybody can share the launch date? its 290 units over 4.8 acres..seems mid density, how to price at 1300 psf? maybe their selling point is near mid valley

assuming after rebate is at 1000psf, so minimum pricing will be at 2.3m due to unit is at 2300sqft.

1000 psf sounds more reasonable based on the location but then again, not many new launches at seputeh except for robson hill. also i think this project is under the 10:90 scheme, so the pricing will reflect the financing.

wongkor....setia gives 23% ah? when has setia so generous before?

they are looking at taikun that are looking to downsize from their bungalows and mansions nearby (seputeh/tmn desa/Bangsar) but not to stray too far away from their comfort zone.

definitely not targeting at gen y or x lah...

found this pic to share. look dense.


Attached thumbnail(s)

1300psf ??! Siaow! Yap Ah Loy tombstone looking at u! Siaow! Why mk cannot sell 900 psf, even??!

Seputeh imho is targeting a totally different group. Seputeh has a lot of affluent communities and they would not want their second gen to go out of Seputeh. So this would be a great choice for them.

Older gen may not want to stay in Condo, they may prefer the bungalow that they have in Seputeh, but this Condo is absolutely a high end condo targetted at their lucky kids...

Private lift, generous layout design, luxurious lobby and facilities...there will be market for this...

Big layouts... and that means many millions..........

"Among the proposed facilities at Setia Sky Seputeh include a beach podium, swimming pool, sauna, tea lounge, sky lounge and sky gymnasium. There will also be furnishing packages for residents which include kitchen cabinets, electrical appliances such as a fridge and washer, water heater system, air-conditioning system and intercom system. Meanwhile, the maintenance fee is expected to be around 50 to 60 sen psf."

OMG, 2300 sqft with 50. sen is 1200 /month for maintenance... this is...

very detailed info here.

http://www.theedgeproperty.com.my/content/...aunch-september

park

Setia Sky Seputeh condo launch in September

KUALA LUMPUR (July 1): Property developer S P Setia Bhd is set to launch its latest luxury condominium project in Taman Seputeh, Kuala Lumpur this September.

S P Setia divisional general manager of niche development Paul Soh told TheEdgeProperty.com that Setia Sky Seputeh will consist of two blocks housing 290 luxury condo units.

The project sits on a 4.8-acre freehold site and has an estimated gross development value of RM900 million.

The indicative price per unit is estimated to be at an average of RM1,300 psf. Unit built-ups range from 2,300 sq ft to 3,000 sq ft and will come in six types — 3-bedroom units at 2,339, 2,346 or 2,354 sq ft; 4-bedroom units at 2,652 or 2,867 sq ft; and 5-bedroom units at 2,998 sq ft.

Residents will also get a minimum of three car park bays while owners of the bigger units will be given up to a maximum of five car park bays.

Each unit will also have a private lift.

“This project is targeted at upgraders and owner-occupiers who are currently staying in the surrounding Taman Seputeh and Bangsar areas.

“We have many older couples who are staying in Bangsar whose children have gone to study overseas and are looking for a smaller home. Having lived in a big house previously, Setia Sky Seputeh would be ideal for them because of the bigger built-ups. It is similar to living in a semi-dee or bungalow in the sky,” said Soh.

He added that the residents will be able to enjoy excellent connectivity with plenty of amenities nearby.

“The area intersects several major highways such as the Federal highway, the New Pantai Expressway, the KL–Seremban highway and the SPRINT highway. It is 7km to the KL city centre, 1km to Mid Valley City and 3km to KL Sentral. From the condo, residents can take a walk to Mid Valley just about 500m away which makes it convenient for them to get their daily needs,” he said.

Among the proposed facilities at Setia Sky Seputeh include a beach podium, swimming pool, sauna, tea lounge, sky lounge and sky gymnasium. There will also be furnishing packages for residents which include kitchen cabinets, electrical appliances such as a fridge and washer, water heater system, air-conditioning system and intercom system. Meanwhile, the maintenance fee is expected to be around 50 to 60 sen psf.

According to Soh, the houses will be sold under the Setia 10:90 programme, where buyers only need to pay a deposit of 10%, with the remainder payable when the property is completed.

“We will be setting aside a number of units for early birds who will get a 2% discount. On top of that, if a loan gets approved within two months, we will give the buyer an additional 2% rebate when the project is completed,” he said.

On whether the soft market will impact sales, Soh said he is optimistic as the development is aimed at genuine homebuyers rather than investors.

“We are looking for homebuyers who will actually stay there. Also, this is a niche project with facilities that developments in the area may not have,” said Soh.

http://www.theedgeproperty.com.my/my/conte...aunch-september

When is the estimated time of completion

1st Q of 2021

actually, sp setia got any successful highrise development that has VPed?

same to ecoworld .

ecoworld any successful vped . eco fansi sapu like no head and tail

I dunno what yardstick you used to measure successful.....

Setia Sky Residences
Setia Eco City (not officially VPed yet but you can see the exterior structures)
Trefoil
a project in Putrajaya

Add setiawalk to the list.

Subsale performance and overall project. In this case i believe setiawalks and setia sky dismal while trefail was a FAILURE. Vogue suites wld be a tough nut as they r supposed to build 2 more towers very close/facing vs1 which will affect it.

setiawalk made original buyers 100-150% also a failure ah?

100% would be a failure compared to many other properties bought at that time in question.

from the article, it will be 3mil before rebates, and management fee starting from 1k per month...

just wow...

3 mil can get subsale landed lor

Apartment launch 320k+ now around 600k. From 2008 until now if that is OK is up to ones own judgement.

Setiawalk commercial really bad performance and many problems thr like PH n maintenance issues highlighted in the thread. https://forum.lowyat.net/topic/2924716/+2220

Its alwats easier to be judgemental post modem.

Any updates regarding the launch?

if its only 50c maintenance, then its cheap given its low dense n many many facilities. their new svc apartment thts high dense with 900 units also charging 40cen.

Any news on how's sales here? Vogue will be VPing soon n their bridge to MV collapsed liao.

For those comparing to setiawalk, please lah, that's a pre 2010 DIbS project where prices were Sane. Compare to post 2011 launches where greed set in to these pariah developers.

Secondly don't compare to eco city which is a stupid high density development pigeon hole and heavily overpriced. I would love to see sub sales of eco city. One more thing eco city leasehold right?

Setia seputeh has its pros but again it's overpriced too. Should never be over 1000psqft, again greed. But the. At those 2+m price points the buyers are filthy rich and possibly not too bothered about over paying. I know a coupl who has registered for a setia seputeh unit but for them it's their retirement place as they live in a bungalow at mutiara seputeh now. So eventually they will sell their bungalow for some 7+m and move in here.

I grew up in seputeh where my grandparents lived, it's one of th best places to live, alongside taman desa, IMHO. However one should also note that the sri langit condo seputeh low density project from tan and tan is 3600sqft and around 2m sub sale, so why not grab that? I forgot the name, u reach that condo via Jalan seputeh 6. May not have all the facilities of this project but it's low density, higher ground abd quieter. If to stay, I will buy that Instead.

This post has been edited by goks: Jan 30 2017, 12:20 PM

concur...

the setiawalk resi return still not too bad lah.....but having the Setia name.....mayb a little too high hope...the retails was way above price when it was launced and now underperform lagi

Old condos almost never appreciate in price...beside all the internal wears and tears....like water piping and electric wiring....need to be replaced lioa....

3600sq is far too big to bear the maintenance fee.

However when u r rich, you are ricb...2mio is wet wet water nia.

internal launch, pricing is reasonable psf wise (Not absolute total), suggest to call the sales.

starting from 2.3mil. only suitable for ownstay as developer mentioned!

Property developer, SP Setia Bhd posted a pre-tax profit of RM1.18 billion for the financial year ended Dec 31, 2016 on the back of RM4.95 billion in revenue, it said in a filing to Bursa Malaysia today.“The group targets to launch the final tower (Tower B) of Setia Sky Seputeh, a luxury condominium development in Seputeh, Kuala Lumpur as well as the transit-oriented development of
TRIO apartments at Bukit Tinggi, Klang,” SP Setia said, adding that the group would continue to search for more strategic land bank to replenish the existing acreage.

Read more at http://www.thestar.com.my/business/busines...tySj1YIVYJAy.99

That link is broken.

Wah... SPS profit margin still so high one ah.....

Yes 23% is impressive but feel their highrises r not worth for buyers with less value compared to their landed

Proper link below.
www.thestar.com.my/business/business-news/2017/02/23/sp-setia-targets-rm4bil-sales-in-fy17/

Yeah.... strong developer like SPS manages to hold prices thanks to its strong cashflow. More potential to find good deals in sub sale market now.

Yes for the tier1 large names only feel sps n sunwai can holld prices. Heck they can even offer 10:90 scheme.

What's the size of the those in Phase 2 launches?

I went to the sales office. The unit is 23xx sqft. The price is almost RM3m. It's RM1,200 per sqft.

The really surprising thing is that a lot of the units have been sold.

It's a really high quality development but RM1,200 per sqft is crazy.

This post has been edited by roocarroll: Aug 9 2017, 08:57 AM

they revised the size? website shown 3 types, minimum 2k+ sqft

1200 per sqft is before or after the usual rebates etc.

.

This post has been edited by roocarroll: Aug 9 2017, 08:58 AM

My mistake. I've edited the post.

how's their setia sky residence doing in KL? they sold it at sky high price as well and a lot of flippers and investors can't rent out and flip their units

I guess it's before. They have the 10:90 scheme and some small discounts but nothing major.

not really sky high price lah......

block A and B were selling around 7++psf nia. even OKR is selling at this price now.

I didn't follow C & D. only know that at least D still selling even after VPed.

My friend owns a unit there. Block A. Maybe investors can't flip/no ppl to rent to + unsold developer units due to badly delivered product. Noticed that there were a handful of flaws throughout the unit she stays in. Sliding door misaligned, lift button must press up to go down and vice versa. Few other things can't remember.

If 1200 per sq ft, it will be a disaster. Difficult to flip nor enough rent to cover investment cost.

This project is purely fr ownstay. Investing at this kind of prices is suicidal.

Ya, with " Meanwhile, the maintenance fee is expected to be around 50 to 60 sen psf."

OMG, 2300 sqft with 50. sen is 1200 /month for maintenance... this is..."
this is only for "people" got $ to burn as no more place to keep !

further -

Either is for people with extra money when "no more place to keep in bank" (for Malaysian)! or

Either is for foreign investor with US$ or S$ etc.

for mainland China investor (i think - initially target this group), but again with the new China $ control policy,
there will be less or difficult for them to invest here !

This post has been edited by pinkdm: Oct 13 2017, 09:27 AM

what's the price now?

Heard tat there are upcoming launch of Tower B..
anyone know any updates on this.

This is the real 5 mins to Mid Valley...

I wonder who's the target market for this project coz at RM 2.3 million price tag after rebates for one of the units, one can even get a landed 2-storey bungalow (individual title) nearby.

which 2 storeys bungalow ?

Just drive around Tmn Seputeh where this project is situated. You're bound to bump into one or two bungalows for sale.

Just that they're old, though.

A stone throw away from mid Valley perhaps worth the price... Haha

I'm staying around this area...
Any specific name for those bungalows u mentioned ?

I just simply drove around there a while back and saw some 'For Sale/Rent' banners draped on some of these bungalows. They don't have a name attached to it since they're individual-titled houses. Last I recall they're priced around RM 2.3 million - RM 2.5 million.

If you're referring to those Semi-Ds and bungalows in the GnGs such as Sierra Seputeh, don't expect this kind of price, tho.

And yes, I'm living around the area too.

oh u meant those non gated...
RM 2.3 million - RM 2.5 million is around how many sqf ?
and this sky seputeh smallest unit is how much for how many sqf ?

This post has been edited by yslysl: May 24 2019, 10:20 AM

Hi All

Any buyers here to share about SPA of this project.

I booking a unit and was told by agent that all discounts/rebates will not be stated in SPA but only the original price. Discounts/rebates will only captured in their system.

My concern is buyer will be in risk if their system failed to recognise these rebates and asking for original price stated in contract.

Anyone came across this and how should it be handled? Thx u.

Really? If it is not on some signed paper to be kept by you, it would not protect you.

This post has been edited by beleebala: Sep 30 2019, 09:58 AM

Ya, exactly.

I even spoke to the law firm representing developer and lawyer told me they only stating original price in SPA as per instructed.

Now waiting from developer on further action to provide assurance on the final purchase price and not claiming the original price.

Any buyers who experienced similar situation, able to share advise?

Hi - just to share some experience.

Normally - the rebates and discounts would not show on the SPA.

Reason being the loan amount % is calculated from the SPA price, hence there some banks may give high % loan based on the SPA price.

If it uses the nett discounted amount, then the loan amount may be much lower which is not preferred by some buyers.

It could be the same for most projects - however to protect yourself, i believe there would be a separate quotation which is provided by the developer to you.

Believe next time when a owner sells the property, owner would also be using the SPA amount and not the nett discounted amount.

My 2 cents.