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Friday, November 23, 2007

Setia Eco Gardens sales brisk

JOHOR BARU: Setia Eco Gardens, Johor's first nature-inspired township project developed by SP Setia Bhd, is enjoying brisk sales since its soft launch last month.

SP Setia subsidiary Kesas Kenangan Sdn Bhd deputy general manager Saniman Md Apandi said most of the buyers were Malaysians working in Singapore.

He said the project's location along Jalan Ulu Choh-Gelang Patah and about 22km to Singapore via the Second Link crossing was the main attraction to these buyers.

“The recent opening of the Pontian Link makes travelling easier for motorists to get to the site from Singapore using the Second Link,” he told StarBiz at the soft launch of Setia Eco Gardens show village.

Saniman Md Apandi showing the single-storey show house

The official ground breaking ceremony for the project is next month. In the offing are 1,200 single- and double-storey link houses.

Prices start from RM183,000 and RM249,000 per unit for the single-storey and double-storey houses respectively.

The 0.8ha show village features 12 types of show houses, of which six are offered under phase one and the balance for future launches.

“SP Setia was the first property developer in Johor to introduce the show village concept at our Bukit Indah project and buyers like it,” said Saniman.

Spanning 383.64ha within the Iskandar Development Region, the project will take about eight years to develop and will have between 10,000 and 12,000 residential and commercial properties with 60,000 residents when completed.

The company is allocating RM50mil for landscaping works on Setia Eco Gardens and the project is expected to generate some RM2bil in gross development value.

SP Setia holds 70% stake in Kesas Kenangan while Gan Theng Plantations, which was the landowner of the project site, holds 30% equity.

By The Star (By Zazali Musa)

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