KUALA LUMPUR: S P Setia Bhd’s township development, Setia EcoHill 2 in Semenyih is launching the first phase of its commercial development, Nadi, this week.
Nadi is located within the commercial precinct of the township, Setia Commerce Square.
In a statement, the developer said Nadi, the first shop office phase, contains three phases of shop offices and is estimated to have a gross development value of RM500mil, occupying 34 acres out of the 1,010-acre Setia EcoHill 2 which is planned to be completed by 2026.
It offers 86 shop office units, of which 80 are double- and triple-storey terraced units and 6 are double-storey semi-detached units.
S P Setia said 80% of Nadi has already been booked following a preview on March 25.
Nadi’s terraced shop offices measure 26 ft by 75 ft for double-storey intermediate units and 42 ft by 75 ft and 46 ft by 75 ft for the triple-storey corner units. The built-up ranges from 3,494 to 8,642 sq ft, with starting price of RM1.55mil.
The double-storey semi-detached shop offices have a land area of 70 ft by 148 ft and built-ups from 5,566 sq ft, priced from RM3.7mil.
Apart from shop offices, Setia EcoHill 2’s Setia Commerce Square is also actively looking for a strategic partner to develop its petrol station land.
Separately, S P Setia has appointed Philip Tan Puay Koon as senior independent non-executive director in place of Datuk Ahmad Pardas Senin.
Ahmad Pardas retired as director of the company upon the conclusion of the 48th annual general meeting which was held on April 27.