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With many parents concerned about the risks of sending their children to school during the Covid-19 pandemic, face mask has become a must when attending classes.
As such, SP Setia Foundation decided to step in and donate 8,500 reusable face mask to three schools in Selangor that were adopted by the foundation under its Setia Caring School Programme.
The three schools which received the face mask under the foundation’s School Hygiene Education Programme were SK Semenyih, SJK (T) Ladang Rinching and SJK (C) Kampung Baru Semenyih.
SK Semenyih headmaster Sahrom Shamsuddin thanked the foundation for their donation, which would go towards ensuring the safety of pupils while at school.
“The foundation had previously donated large quantities of face mask to our school, which allowed us to distribute free mask to all pupils daily, ” he said during the launch of the programme at the school.
He hoped the initiative would put the minds of parents at ease in sending their children to school.
SP Setia Foundation chairman Tan Sri Dr Wan Mohd Zahid Mohd Noordin said the foundation was prompted to come up with a more sustainable solution as it might be a challenge for some families to afford an adequate amount of disposable face mask over an extended period of time.
“This programme was created to emphasise the importance of maintaining good hygiene, especially among children.
“Wearing a face mask is not just to protect us, but it is our responsibility to protect everyone around us in line with the theme of this year’s National Day celebration of being kind to others, ” he said.
He hoped the programme would make frequent hand washing and wearing face mask a positive long-term habit that lasts beyond the pandemic.
Also present were Hulu Langat district education office (PPD) deputy officer of learning sector Zaiazman Mohd Zainud-din, SJK (C) Kampung Baru Semenyih headmistress Lee Dee Huey, SJK (T) Ladang Rinching headmistress Krishnavani Kaniah and various SP Setia Foundation representatives.
Reusable face masks for three schools in Semenyih
With many parents concerned about the risks of sending their children to school during the Covid-19 pandemic, face mask has become a must when attending classes.
As such, SP Setia Foundation decided to step in and donate 8,500 reusable face mask to three schools in Selangor that were adopted by the foundation under its Setia Caring School Programme.
The three schools which received the face mask under the foundation’s School Hygiene Education Programme were SK Semenyih, SJK (T) Ladang Rinching and SJK (C) Kampung Baru Semenyih.
SK Semenyih headmaster Sahrom Shamsuddin thanked the foundation for their donation, which would go towards ensuring the safety of pupils while at school.
“The foundation had previously donated large quantities of face mask to our school, which allowed us to distribute free mask to all pupils daily, ” he said during the launch of the programme at the school.
He hoped the initiative would put the minds of parents at ease in sending their children to school.
SP Setia Foundation chairman Tan Sri Dr Wan Mohd Zahid Mohd Noordin said the foundation was prompted to come up with a more sustainable solution as it might be a challenge for some families to afford an adequate amount of disposable face mask over an extended period of time.
“This programme was created to emphasise the importance of maintaining good hygiene, especially among children.
“Wearing a face mask is not just to protect us, but it is our responsibility to protect everyone around us in line with the theme of this year’s National Day celebration of being kind to others, ” he said.
He hoped the programme would make frequent hand washing and wearing face mask a positive long-term habit that lasts beyond the pandemic.
Also present were Hulu Langat district education office (PPD) deputy officer of learning sector Zaiazman Mohd Zainud-din, SJK (C) Kampung Baru Semenyih headmistress Lee Dee Huey, SJK (T) Ladang Rinching headmistress Krishnavani Kaniah and various SP Setia Foundation representatives.
EcoHill Walk shops to welcome public end-2020
PETALING JAYA: When the retail shops in EcoHill Walk, the first integrated mixed development in Semenyih, open their doors to the public by the end of this year, they will be the focal point for residents in the southern corridor of the Klang Valley, said Setia EcoHill general manager Koh Sooi Meng.
He noted that the newest addition to the 673-acre township located in Semenyih, which is around 12km from the popular Broga Hill, will create new vibrancy to the township and neighbouring communities with its mixed offerings consisting of retail, commercial and residential spaces.
This 17.5-acre freehold development that comprises two blocks of serviced apartments, 243 units of lifestyle retail shops, a neighbourhood mall — EcoHill Walk mall, and a premium entertainment centrepiece attraction, will redefine vibrant modern living here in Semenyih, emphasised Koh.
This integrated mixed development within a 20-minute drive of Setia EcoHill is set to have a positive effect on a ready population of up to 600,000 residents by providing convenience and creating job opportunities.
Developed by Setia EcoHill Sdn Bhd, a subsidiary of S P Setia Bhd, the freehold township which carries an estimated GDV of RM4 billion, will be a symbiotic co-existence with recreation, entertainment and convenience all within walkable reach.
Setia EcoHill is located in the Kajang-Semenyih growth corridor. It is easily accessible via the Cheras-Kajang Expressway, the South Klang Valley Expressway (SKVE), the Kajang Dispersal Link Expressway (SILK) and the Kajang-Seremban Highway (LEKAS).
Since its inception back in Oct 2013, Setia EcoHill has garnered local residents’ attention as a new place for leisure and recreational activities for family and friends.The holistic township planning has also attracted first-home buyers as well as upgraders.
The lifestyle elements are the main attraction to the buyers. In this soon-to-be-unveiled EcoHill Walk project, there will also be a common lush landscaped pedestrian walkway in a refreshing and welcoming ambience, void of vehicles.
“Link bridges also extend the convenience of reach between serviced apartments, a neighbourhood mall and commercial retail shops, providing a safe and secure environment,” added Koh.
Meanwhile, another new element that is welcomed by local consumers is the opening of the EcoHill Walk mall, which will host Semenyih’s first cinema — MBO Cinemas.
Koh said the mall will have a retail space of 280,000 sq ft. It is now 60% completed and slated to open in the fourth quarter of 2021.
To date, EcoHill Walk mall has a confirmed tenant mix comprising the cinema, F & B outlets, telco, pharmacy, fashion, car wash and money changer. More varieties are to be added in the coming months as potential tenants have been drawn to Setia EcoHill’s rapid development in recent years, said Koh.
He noted that the company intends to bring in reputable brands while making sure that the offerings meet local needs. “These will include reputable and lifestyle brands, mainstream grocer, leisure, sports, and a good variety of services and amenities that provide convenience to the communities at large,” he added.
Upcoming launches
Commenting on the challenges posed by the new normal post Movement Control Order (MCO), Koh said a self-contained development that comprises various facilities and amenities as well as enhanced security and safety features will continue to attract buyers.
In mid-August, Setia EcoHill will unveil Heleena — the final phase of terraced houses in the township. This 70-unit residential project carries a GDV of RM48 million.
With a land size of 20ft by 70ft and built-up of 2,053 sq ft, the freehold homes come in two designs. Each unit is fully extended and has four bedrooms with four en-suite bathrooms. The indicative price for Heleena starts from RM683,000.
Besides Heleena, Koh added that Setia EcoHill 2 which is located around 5km from Setia EcoHill, will also see the new launch of Barrus terraced houses in early September.
“There will be 105 units of 20ft by 70ft freehold terraced houses that come with four bedrooms, three bathrooms and a 24-hour guarded community. Its built-up is 1,784 sq ft with a price tag of RM563,000 and above,” he said.
EcoHill Walk shops to welcome public end-2020
PETALING JAYA: When the retail shops in EcoHill Walk, the first integrated mixed development in Semenyih, open their doors to the public by the end of this year, they will be the focal point for residents in the southern corridor of the Klang Valley, said Setia EcoHill general manager Koh Sooi Meng.
He noted that the newest addition to the 673-acre township located in Semenyih, which is around 12km from the popular Broga Hill, will create new vibrancy to the township and neighbouring communities with its mixed offerings consisting of retail, commercial and residential spaces.
This 17.5-acre freehold development that comprises two blocks of serviced apartments, 243 units of lifestyle retail shops, a neighbourhood mall — EcoHill Walk mall, and a premium entertainment centrepiece attraction, will redefine vibrant modern living here in Semenyih, emphasised Koh.
This integrated mixed development within a 20-minute drive of Setia EcoHill is set to have a positive effect on a ready population of up to 600,000 residents by providing convenience and creating job opportunities.
Developed by Setia EcoHill Sdn Bhd, a subsidiary of S P Setia Bhd, the freehold township which carries an estimated GDV of RM4 billion, will be a symbiotic co-existence with recreation, entertainment and convenience all within walkable reach.
Setia EcoHill is located in the Kajang-Semenyih growth corridor. It is easily accessible via the Cheras-Kajang Expressway, the South Klang Valley Expressway (SKVE), the Kajang Dispersal Link Expressway (SILK) and the Kajang-Seremban Highway (LEKAS).
Since its inception back in Oct 2013, Setia EcoHill has garnered local residents’ attention as a new place for leisure and recreational activities for family and friends.The holistic township planning has also attracted first-home buyers as well as upgraders.
The lifestyle elements are the main attraction to the buyers. In this soon-to-be-unveiled EcoHill Walk project, there will also be a common lush landscaped pedestrian walkway in a refreshing and welcoming ambience, void of vehicles.
“Link bridges also extend the convenience of reach between serviced apartments, a neighbourhood mall and commercial retail shops, providing a safe and secure environment,” added Koh.
Meanwhile, another new element that is welcomed by local consumers is the opening of the EcoHill Walk mall, which will host Semenyih’s first cinema — MBO Cinemas.
Koh said the mall will have a retail space of 280,000 sq ft. It is now 60% completed and slated to open in the fourth quarter of 2021.
To date, EcoHill Walk mall has a confirmed tenant mix comprising the cinema, F & B outlets, telco, pharmacy, fashion, car wash and money changer. More varieties are to be added in the coming months as potential tenants have been drawn to Setia EcoHill’s rapid development in recent years, said Koh.
He noted that the company intends to bring in reputable brands while making sure that the offerings meet local needs. “These will include reputable and lifestyle brands, mainstream grocer, leisure, sports, and a good variety of services and amenities that provide convenience to the communities at large,” he added.
Upcoming launches
Commenting on the challenges posed by the new normal post Movement Control Order (MCO), Koh said a self-contained development that comprises various facilities and amenities as well as enhanced security and safety features will continue to attract buyers.
In mid-August, Setia EcoHill will unveil Heleena — the final phase of terraced houses in the township. This 70-unit residential project carries a GDV of RM48 million.
With a land size of 20ft by 70ft and built-up of 2,053 sq ft, the freehold homes come in two designs. Each unit is fully extended and has four bedrooms with four en-suite bathrooms. The indicative price for Heleena starts from RM683,000.
Besides Heleena, Koh added that Setia EcoHill 2 which is located around 5km from Setia EcoHill, will also see the new launch of Barrus terraced houses in early September.
“There will be 105 units of 20ft by 70ft freehold terraced houses that come with four bedrooms, three bathrooms and a 24-hour guarded community. Its built-up is 1,784 sq ft with a price tag of RM563,000 and above,” he said.
S P Setia to launch Aria terraced houses this Saturday
SHAH ALAM (Aug 6): Property developer S P Setia will be launching its double-storey terraced homes called Aria in its Alam Impian township, Shah Alam this weekend.
Targeting young professionals to retirees based in the Klang Valley, S P Setia Bhd executive vice-president Datuk Zaini Yusoff said Aria will be offering 78 units of double-storey terraced houses that come with spacious interior set within a tranquil surroundings.
Built-ups for Aria homes range from 1,761 sq ft to 2,088 sq ft, while its land sizes range from 1,700 sq ft to 6,379 sq ft. Prices start from RM727,800 to RM1.23 million.
“Sitting on a 9.29-acre freehold plot, the project which carries a gross development value of RM66.89 million is slated to be completed in 2022,” Zaini told EdgeProp.my.
Aria is part of the 1,235-acre Alam Impian township in Shah Alam. The township is easily accessible via Lebuhraya Kemuning-Shah Alam (LKSA), the KESAS Expressway, the Federal Highway and ELITE Expressway.
The West Coast Highway that is under construction will further enhance its connectivity once completed.
Amenities nearby include hypermarkets such as Econsave, AEON Big and NSK Trade City, schools such as SMK Seksyen 24 and Maahad Integrasi Tahfiz Sains and the SACC shopping mall.
Residents will be able to enjoy facilities such as a clubhouse with a swimming pool, badminton and squash courts which are currently under construction and are expected for completion in 2022.
The township also has a 31-acre park which is undergoing upgrading works, also slated for completion by 2022, he added.
Why Setia Sky Seputeh Is Resort Living In The City At Its Finest
Luxury living has evolved such that it no longer is just about the private space. More and more are looking for a home that allows them to live, work and play under the same roof. The idea of self-contained spaces, where one can relax, exercise and even dine out without the need to leave the confines of home, is more appealing than ever.
Setia Sky Seputeh, a project by S P Setia which is expected to be completed next year, ticks off every item on this wish list but elevates it with a resort-in-the-city concept. Here are three reasons why it represents the best of them:
An Ideal Location
Located in the swanky neighbourhood of Seputeh, it is conveniently linked to major highways and roads, and straddles strategically between Kuala Lumpur and Petaling Jaya. Amenities, be it schools, offices, hospitals and eateries, are thus easily accessible – in fact, Mid Valley Megamall is a quick walk across a covered walkway.
Low density, bigger personal space
Comprising two towers, each is 37-storey high and houses only 145 units. It claims to have half the density of most condominiums in Klang Valley.
The residential units comprise three options namely Sky Suites, Sky Bungalows and Sky Mansions, and range in size from 2,303 sq ft to 3,025 sq ft. Each unit comes with its own private lift lobby and each floor has only four to six units, making the property one of the most exclusive in the city.
Each unit is also semi-furnished, outfitted with all the conveniences such as kitchen cabinets at the wet and dry kitchen areas, hob and hood, refrigerator, microwave oven, air-conditioning, water heater as well as washer-and-dryer, for a comfortable stay.
Outstanding facilities
This is where Setia Sky Seputeh truly excels. True to its promise as a resort-style abode, the condominium boasts a multitude of facilities that evoke the temptations of your favourite tropical getaway.
It boasts two facility podiums, one on the 7th floor and another on the rooftop on the 36th floor. The former consists of a crescent sand beach—the longest man-made beach in Malaysia—complete with swaying palm trees overlooking lush foliage. Over on the other side is the saltwater infinity pool that boasts a city view. You’ll also find a cabana lounge, a cocktail bar, a yoga deck, a meditation garden as well as a children’s playground with a trampoline.
At the Sky Rooftop Podium, you can engage in recreational activities at the heated aqua gym, spa and reading room, among others. Prefer a date night outside the apartment without having to drive out? Simply take the lift and unwind at its sky lounge or indulge in gourmet dining among the clouds.
Other incentives
Setia Sky Seputeh is offering the Setia 10 : 90 scheme where buyers only need to pay 10 per cent downpayment and nothing else until project is completed.
And with such a wide range of facilities, the question on everyone’s minds is inevitably the cost of maintenance fee. S P Setia has taken the initiative to address this concern by offering a special 15-year maintenance fee subsidy so that everyone can enjoy them without worry.
KL Eco City, a much-coveted corporate location
In recent years, many residential areas have been redeveloped into commercial, corporate and mixed-use locations, especially in Kuala Lumpur, where the central business location continues to swell.
One such locality is KL Eco City (KLEC), which was formerly Kampung Haji Abdullah Hukum.
This development has evolved into a sought-after corporate location with more than 2.5 million sq ft of office space where many corporations have opened their headquarters.
Developed as a joint venture between S P Setia Bhd and Kuala Lumpur City Hall, the RM7 billion integrated, mixed-use development is situated off Jalan Bangsar, next to Mid Valley City, and surrounded by established commercial precincts.
KLEC comprises three residential towers, three office towers, one serviced apartment tower, a retail podium, three clusters (four blocks per cluster) of boutique offices and a one-strata office tower. There is also a multi-storey car park and one mosque.
The development took off in 2011, and it has attracted numerous economic clusters, such as finance, information technology, oil and gas, corporate, consulting, co-working spaces, logistics and wellness, said Propnex Realty Sdn Bhd head of corporate services, mergers and acquisitions Danny Gan.
“The successful implementation of the master plan in KLEC emphasises a work-life balance, similar to the concepts of KL Sentral, Mid Valley and Bangsar South,” he told Property Advisor.
Close to KLEC are Tenaga Nasional Bhd’s upcoming HQ Campus Phase 2, Bangsar; City Motor’s 46-storey Holiday Inn KL Bangsar and LOT 61 Bangsar by Permodalan Hartanah Bhd.
The corporates that have offices at KLEC include Gibraltar BSN, Zurich Insurance, RAM Holdings Bhd, Yinson Holdings Bhd, Samsung Malaysia Electronics Sdn Bhd, The Institute of Corporate Directors Malaysia, Egon Zehnder International, WeWork Malaysia, J&T Express and the Phillip Wain Group.
Property consultancy Knight Frank executive director Teh Young Khean said KLEC has great potential as it has all the right attributes for a successful development.
“Since the completion of the mall and office towers in 2017, KLEC has seen an uptick in occupancy and has been performing well due to its strategic location in KL Fringe.
“Companies have been drawn to KLEC for its increasingly vibrant environment and wide variety of amenities,” he said.
Since the opening of the pedestrian link bridge in 2019, from Abdullah Hukum LRT station to Mid Valley City, KLEC has boosted its ecosystem for tenants to enjoy the facilities of both developments, said Teh.
“It has a two-tier internal road system, comprising an upper and a lower tier for smoother traffic flow, with six main roads that provide direct connections to the Federal Highway, New Pantai Expressway, Jalan Maarof and Jalan Bangsar,” he said.
He noted that KLEC ticks the boxes for the main considerations of tenants, such as accessibility to public transport, attractive rental rates, great selection of food, excellent IT infrastructure, amenities and security.
KLEC experiences slowdown during MCO
According to Teh, at the beginning of the MCO, leasing activity slowed down immensely as real estate plans were either delayed or cancelled altogether as companies tried to control their cash flow and limit spending.
“As restrictions have slowly begun to lift, we have seen the market start to come back to life and many companies are relooking their real estate portfolios.
“Many are looking at cost-saving opportunities. But most corporate real estate planners prefer a wait-and-see approach.”
He said the repercussions of Covid-19 on the office market have yet to be seen. However, most landlords in the Klang Valley, including KLEC, are ready to offer competitive rental packages, including rent-free periods and attractive renewal terms to entice tenants.
The current asking rate remains the same post-MCO, with Mercu 2 and Mercu 3 at RM7.50 and RM6.50 per sq ft (psf) respectively, he added.
“Mercu 2 in particular has reached a healthy level of occupancy with strong anchor tenants, and should see its rental rates stabilise. Rents at the boutique offices and strata office tower are also hovering around RM4 to RM5 psf.”
Raine and Horne International Zaki + Partners head of sales and corporate advisory Gideon Liau said demand for smaller office spaces is expected to rise, and those offering larger office spaces need to adjust to the current situation.
“I would not go as far as to say large corporate office spaces will be obsolete, but the overall design will have to change, based on customer preference and the new normal.”
At this juncture, Liau said, the trend for corporates is to move toward downsizing their main office and practising flexible working arrangements with half of the workforce working from the office and the other half working from home.
He revealed that some landlords are receiving enquiries from e-commerce and pharmaceutical companies that are expanding.
“While the leasing market continues to favour tenants, it is the best time for large companies, especially those in the ‘right’ industries, to relocate and negotiate a better deal,” said Liau, adding that there will be no increase in rental rates in the short term.
Most of the tenants of the residential component at KLEC are expatriates since the rents for luxury condominiums there are affordable compared with other luxury condominiums within walking distance of the LRT and shopping centres.
Knight Frank associate director Kelvin Yip said KLEC’s residential component is expected to continue to grow since it is in a development with abundant amenities.
“With sizes ranging from 657 to 3,993 sq ft, the rents range from RM3 to RM4.60 psf, depending on the furnishing, floor level and view.
“There is a good mix of local and expatriate tenants, however, the presence of expatriates is trending upward.”
Liau said the minimum rental rate is RM2,800 for a one-bedroom condominium, and the maximum is up to RM7,500 for a duplex.
KL Eco City gives S P Setia its 12th FIABCI World Gold
KUALA LUMPUR (July 17): S P Setia Bhd’s KL Eco City (KLEC) has won the Gold Award of FIABCI World Prix d’Excellence 2020 Awards in the Office category, making it the developer’s 12th FIABCI World Gold award.
The announcement by FIABCI World was made virtually last night. The award was on the back of S P Setia’s Setia EcoHill 2 winning the EdgeProp-ILAM Malaysia’s Sustainable Landscape Award 2020 Gold at EdgeProp Malaysia’s Best Managed and Sustainable Property Awards 2020.
KLEC is a transport-oriented integrated green development located strategically between Petaling Jaya and Kuala Lumpur. With a GDV of over RM7 billion, KLEC was founded based on the pillars of integration, connectivity and sustainability. It comprises prime commercial offices, retail outlets, luxury residential towers and a chic business class hotel.
S P Setia Bhd President and CEO Datuk Khor Chap Jen said the 12th FIABCI World Gold award won by the company is a proud moment for the whole team. “This win commemorates S P Setia as the only property developer in Malaysia to have achieved this feat. We are elated to solidify once again our position as the top property developer in Malaysia through our top-notch award-winning projects. It is a great occasion for Team Setia as we have worked tirelessly to deliver on our promises.”
He added that the award would reaffirm S P Setia’s efforts in delivering innovation and quality in property development, on top of distinguishing KLEC from its competitor.
“Our vision for KLEC was to create a world-standard, mixed-use development with excellent interconnectivity that will attract many to ‘livelearnworkplay’ in this city-within-a-city. The development is set to raise the bar on corporate, boutique and strata offices; empowering people through smart connectivity, cutting-edge technology and environmental-consciousness,” Khor said.
Belladona @ Setia Warisan Tropika – An Investment Into Your Family
A home in the past may have just been a property to house your family. But in present times, a home is no longer just a home – it is a goldmine of investment. It is an investment into your family, and an investment into your future, as well as your offspring’s. Let’s take a look at how a great home will bring the best of living to your family.
Your home is not only a monetary investment, but it is also an investment into your family!
Ample Space for Yourself and Your Family
If there is one thing that the COVID-19 situation has taught us, it is that no matter how much you love your family, friction can and does occur when you have been cooped up together for too long.
In fact, while there has not been a study done on personal space at home, there has been a study done on the need for personal space during COVID-19. A professor at Italy’s University of Campania, Tina Iachini, told CGTN that, “It (personal space) is our shield of safety and that is why we are so sensitive to the safety value of this space”.
It does not take much to jump to the conclusion that personal space is very much also valued at home especially when everyone is forced into enclosed living for an unforeseen extended period of time. In fact, according to Hud Abu Bakar, the principal of RSP Architects, homebuyers will be more likely to choose a larger floor area rather than posh finishes after the COVID-19 crisis is over.
So how can this need for ample space for yourself and your family translate into a bigger and better investment in the long term? Bigger space means a larger home, which is equivalent to higher resell value in the future.
Let’s take a look at the second point…
Convenience of Living
For any and those who have lived in a condominium for an extended period of time, they will have known the pain of forgetting and leaving items in the car, and then having to go back down and get it.
And if this happened during COVID-19, the irritation is oh-so-much-more profound. The need to risk coming into contact with people in the lift again, touching the lift buttons, walking back to the car – and may the heavens bless you if you brought the wrong car keys or even forgot to bring your car keys at all.
Hence the desire for many condominium dwellers to live in a landed property. If there is one thing you never need to worry about living in a landed home, it is forgetting your car keys or buying too many groceries.
And another major perk of living in a landed property? No more waiting for the lift. That peak hour mad rush of getting to work and watching the lift stop at every floor when you are already late? The impatience to devour your food every time you pick it up from Grabfood in the lobby but still need to wait to get back up to your unit to begin devouring it? These problems do not exist when you live in a landed property.
Greener & Cleaner Living
And of course, living in a landed property, you will have the luxury of keeping a garden no matter how small. And perhaps most importantly especially during the COVID-19 period – and amidst predictions of more similar pandemics to come in the future – you will not have to share a communal trash bin with all the other units on your floor.
Many studies have shown that living around greenery ensures that a person lives a longer life, no matter if it is just a patch of grass, a small garden, or a cluster of trees. Stress levels are lowered, and oxygen levels are increased; while touching the plants could affect the microbiome on the human skin which will, in turn, strengthen our immune systems.
Hence, living in a landed home will not only strengthen family ties with everyone having more personal space to themselves, but it will also benefit the family’s health with a bit of green living. An added perk is that if you have children, they will know the joys of running around in open space while breathing cleaner, fresher air.
Here are some numbers that may affect your decision to buy a landed property for your next home
Landed residential homes have always been touted to have the best resell value. In fact, many property buyers in the past purchased a landed home only because high rises did not exist then, only to find that they were sitting on a gold mine a couple of decades down the line.
Take for example a single-storey semi-detached house in Section 11 of Petaling Jaya with a land area of about 5,000 sf which the owners purchased for RM250,000 in the year 1986. Having cleared the mortgage within the first 10 years of living there because of the relatively low monthly repayment, they discovered that the value of their house had appreciated to RM1.2 million about 30 years down the line. This couple has now since sold their house and shifted to a smaller home as their children have flown the nest, and are now living comfortably.
This is not the first, nor will it be the last surprise wealth story of property buyers who suddenly discover the inflated value of their home. Just take a look at the statistics from brickz.my, the median price for a landed home in Petaling Jaya in 2005 was RM338,000, which has now increased to RM700,000 in 2020. This is not even its highest resell point, as the median price for homes in Petaling Jaya was at RM820,000 in the year 2013.
The curious part is that Petaling Jaya was once considered to be the “outskirts” of the city. It is, in fact, a satellite city of Kuala Lumpur, and was once shunned by property buyers in the past for being “so far out”. However, thanks to better connecting roads and highways built, Petaling Jaya has now become a coveted area to buy a home in.
Taking a look at another bustling township which was considered out-of place in the past – Subang Jaya. When the township was first built, almost nobody wished to live there. It was considered to be an undeveloped location to live in, so much so that the median price for a landed property in Subang Jaya in 1998 was only RM88,000. Fast forward to the year 2020, the median price for a house in Subang Jaya is now RM737,500 – that is a capital appreciation of about 738%!
The best time to buy a new home is NOW!
Amidst the COVID-19 despair and boredom, the government has come up with many schemes to encourage economic growth. While there have been many upsets as a lot of Malaysians did not qualify for the relief plans, there are a couple of relief schemes created by the government that will benefit homebuyers and home upgraders alike.
For starters, homebuyers who are hunting in the market now will enjoy a lower Overnight Policy Rate (OPR). Announced on 5 May 2020, the OPR was cut by 0.5%, with a new rate of 2% – the lowest since 2010.
So what is OPR? OPR is the interest rate charged from one bank to another. This rate affects the country’s employment, inflation rate, and economic growth. With a lower OPR rate, Malaysians enjoy lower repayments on mortgage loans among others, which will in turn encourage more spending to stimulate the economy.
The second initiative that the government implemented to stimulate movement in the real estate sector amidst COVID-19, is to remove the Real Property Gain Tax (RPGT) on the sales of the first 3 residential properties of an individual from 1 June 2020 to 31 December 2021. Do you know what this means? It’s time to flip your properties and upgrade to a bigger and better home!
The market is in fact now awash with some amazing deals by leading property developers.
Setia Warisan Tropika by S P Setia
A truly serene township created in the peaceful town of Sepang, Setia Warisan Tropika encompasses 96.5 acres of homes interspersed with thematic tropical gardens, waterway terraces, and unique outdoor equipments that cater to the entire family. There is also a resident-only clubhouse that houses a swimming pool among the many other facilities.
The beautifully planned township has finally launched their highly anticipated maiden homes – the double-storey terrace houses of Belladonna. These tropical resort homes are beautifully located to overlook either the greenery of the parks or the serenity of the waterway terraces.
In addressing the need for every family member’s desire for personal space, the homes of Belladonna are created with an open space concept and plenty of natural lighting. The open space allows its buyers to create a home as unique as themselves, while the ceiling to floor sliding glass doors in the living area allows in plenty of natural light even while providing dreamy views of nature.
And with this concept of open living, security is naturally tight with a secured gated and guarded environment, and only a single entry and exit point into the neighbourhood. Security is also further tightened with the Setia Community App, where a visitor management feature is made available. The mobile app also includes other convenient features such as property and tenant management, facilities booking, community announcement and more.
With the smallest home sized at 1,907 sf, combined with its beautiful neighbourhood and elite facilities, you would think that these homes may be beyond your affordability level. The prices are however surprisingly within range of middle-income earners, with starting prices of only RM557,600 after rebates.
Belladonna @ Setia Warisan Tropika Location and Proximity to Amenities
The next thought that may cross your mind is, “It’s only affordable because it is so far out!” But this could not be further from the truth as Setia Warisan Tropika is well connected to major highways, and is within proximity to matured townships.
Only a stone’s throw from Setia Warisan Tropika is immediately the access point to the North-South Expressway Central Link (ELITE), which is also connected to the Putrajaya-Cyberjaya Bypass, the Damansara-Puchong Expressway (LDP), and Maju Expressway (MEX).
And further adding on to the already comprehensive network of highways is also the township’s easy access to the North-South Highway (PLUS), Nilai-KLIA Expressway, and South Klang Valley Expressway (SKVE).
With the easy access to these highways, residents of Setia Warisan Tropika will be able to zip to town easily. The Kuala Lumpur International Airport (KLIA) is only 12km away, while Cyberjaya and Putrajaya are both only about 16km from home. And the Kuala Lumpur city centre is only about 48km away, which motorists will be able to get there in approximately 45 minutes with clear traffic.
Making homes in Setia Warisan Tropika a great investment is also its proximity to many institutions of higher education such as the Xiamen University, LimKokWing University of Creative Technology, and the Multimedia University (MMU). There is also the Digital Free Trade Zone which is expected to create more job opportunities in the area, as well as the setting up of a manufacturing plant by Hartalega which will spur housing demand in the area.
For leisure, residents of Setia Warisan Tropika will be able to visit the Mitsui Outlet Park, Kuala Lumpur International Outlet, Alamanda Shopping Centre, D’Pulze Shopping Centre as well IOI City Mall in Putrajaya.
There is in fact much more to do in Putrajaya than just shopping – there is the annual fireworks event, annual Hot Air Balloon Fiesta, flyboard, paddle or water jetpack activities on the lakes of Putrajaya, or residents can simply zoom around on an e-scooter within Putrajaya and enjoy the sights.
In short, Setia Warisan Tropika is a serene and peaceful home tucked away in nature, but has more than just shopping entertainment in its backyard – they also have amazing outdoor activities bundled with great job opportunities.
If your interest has been piqued, learn more about this project at their website Belladonna @ Setia Warisan Tropika. You can otherwise call the developer at +603-8706 2552/553/557/558 or visit the sales gallery at No. 41, Jalan Warisan Sentral 1, Kota Warisan, Sepang.
Seputeh chic heritage
PETALING JAYA (June 27): An exciting mountain biking park amidst nature at Setia EcoHill 2, Semenyih, Selangor has earned a Gold of the EdgeProp-ILAM Malaysia’s Sustainable Landscape Award 2020 at EdgeProp Malaysia’s Best Managed and Sustainable Property Awards 2020.
The award results were announced at a virtual awards ceremony hosted on EdgeProp Malaysia’s Facebook page on the evening of June 27.
The Adventure Park at Setia EcoHill 2 was previously an oil palm and rubber estate. With the help of landscape architectural firm Praxcis Design Sdn Bhd, developer S P Setia Bhd not only successfully carved a mountain biking track out of it but also regenerated the forest by infusing biodiversity to create a new healthy ecosystem.
Completed in December 2017, the activity-based public park has become a place that draws people to visit in Semenyih. People often come here for mountain biking, jungle trekking, bird watching and to enjoy quality outdoor time with family.
S P Setia executive vice president Datuk Tan Hon Lim said the developer constantly strives to place sustainability at the forefront of its developments, and winning the award reinforced its conviction that it is the right thing to do.
“We would like to congratulate our landscaping architect for this deserving win. We are very proud of the team who worked on the Adventure Park which is has proudly been the backbone of the Setia EcoHill 2 development,” Tan told EdgeProp.my after the virtual awards ceremony.
Other Gold winners of the EdgeProp-ILAM Malaysia’s Sustainable Landscape Award 2020 are Horizon Hills, Mont’Kiara Palma and Windows on the Park.
EdgeProp Malaysia’s Best Managed and Sustainable Property Awards 2020 is organised by EdgeProp Malaysia and is brought to you by partner Nippon Paint Malaysia. Supporting partners are Panasonic Malaysia and KipleLive, a wholly-owned subsidiary of Green Packet.
The winners received their trophies from guest of honour Housing and Local Government Minister Zuraida Kamaruddin.
Golden win for Adventure Park at Setia EcoHill 2
PETALING JAYA (June 27): An exciting mountain biking park amidst nature at Setia EcoHill 2, Semenyih, Selangor has earned a Gold of the EdgeProp-ILAM Malaysia’s Sustainable Landscape Award 2020 at EdgeProp Malaysia’s Best Managed and Sustainable Property Awards 2020.
The award results were announced at a virtual awards ceremony hosted on EdgeProp Malaysia’s Facebook page on the evening of June 27.
The Adventure Park at Setia EcoHill 2 was previously an oil palm and rubber estate. With the help of landscape architectural firm Praxcis Design Sdn Bhd, developer S P Setia Bhd not only successfully carved a mountain biking track out of it but also regenerated the forest by infusing biodiversity to create a new healthy ecosystem.
Completed in December 2017, the activity-based public park has become a place that draws people to visit in Semenyih. People often come here for mountain biking, jungle trekking, bird watching and to enjoy quality outdoor time with family.
S P Setia executive vice president Datuk Tan Hon Lim said the developer constantly strives to place sustainability at the forefront of its developments, and winning the award reinforced its conviction that it is the right thing to do.
“We would like to congratulate our landscaping architect for this deserving win. We are very proud of the team who worked on the Adventure Park which is has proudly been the backbone of the Setia EcoHill 2 development,” Tan told EdgeProp.my after the virtual awards ceremony.
Other Gold winners of the EdgeProp-ILAM Malaysia’s Sustainable Landscape Award 2020 are Horizon Hills, Mont’Kiara Palma and Windows on the Park.
EdgeProp Malaysia’s Best Managed and Sustainable Property Awards 2020 is organised by EdgeProp Malaysia and is brought to you by partner Nippon Paint Malaysia. Supporting partners are Panasonic Malaysia and KipleLive, a wholly-owned subsidiary of Green Packet.
The winners received their trophies from guest of honour Housing and Local Government Minister Zuraida Kamaruddin.
