SP Setia sells half of Sky Vista units ahead of project launch
Date：2015/02/13
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GEORGE TOWN: Property developer SP Setia Bhd has sold half of the 426 Setia Sky Vista units, ahead of its official launch of its latest property offering -- Sky Vista -- on Penang island, developer SP Setia Bhd has sold off half of the 426 units on sale.
The company’s northern region general manager, Ng Han Seong Thursday said that the response to the RM320 million project, on Penang island, has been encouraging.
“Moving forward, we will be planning our launches to suit market conditions, given the fact that controls in place by Bank Negara now are curbing speculative property investments,” he told reporters during a pre-Chinese New Year briefing at the company’s visitor centre here.
The Setia Sky Vista project, which will be located on the island’s southwest, comprises condominiums priced from RM552,000 each.
The 2.4ha project will comprise twin towers of 27 storeys and 32 storeys, respectively, which will be linked by a sky bridge.
The layout of the units, which are being touted by SP Setia as being “upscale yet affordable”, are now open for viewing at the Setia Welcome Centre’s show suite here.
Meanwhile, Ng also said on the drawing board this year is a proposed RM600 million high-rise residential project, which will be sited on a 3.8ha piece of land at Solok Slim on the island.
“We do not have other details,” he said, “as it is only at planning stage and things may change given the fluidity of the property market.”
Ng also announced that in conjunction with Chinese New Year this year, SP Setia will host its celebrations on February 28, which will include performances from an international acrobatics team from China.