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Monday, December 24, 2007

SGC plans more launches after success of phase one

An artist's impression of SGC's Water Villas

PETALING JAYA: The first phase of the RM3 billion Sepang GoldCoast (SGC) in Bagan Lalang, Sepang has been fully taken-up mostly by foreign buyers. With the good response, the developer, Sepang GoldCoast Sdn Bhd, plans to launch three new products in the development in 2008.

Sepang GoldCoast is a joint venture company formed by Permodalan Negeri Selangor Bhd and Sepang Bay Sdn Bhd. Sepang Bay is the Malaysian arm of Indonesian developer Istana Group.

Sepang GoldCoast president Ho Hock Seng (pix) said the first phase, the 366-unit Golden Palm Tree Water Villas (GPT) was an instant success, especially in the international market with most of the foreign purchasers coming from the United Kingdom (142 units), Dubai (66 units) and Korea (24 units).

“We are planning to launch the Spanish-inspired Condo Resorts by April next year, followed by the Beachfront Townhouses in June and Water Villas in September,” said Ho at the recent SGC Appreciation Night 2007, which was held in conjunction with Prime Minister Datuk Seri Abdullah Ahmad Badawi’s visit to SGC.

The prime minister on a recent tour to SGC

GPT was conceptualised as an eco-friendly hotel with 366 villa units (38 units have been retained for commercial purposes). The development has villas built on stilts 1km from the shoreline. There are four villa types with sizes from 520 to 2,000 sq ft and prices between RM465,600 and RM2.08 million.

Ho said the development of SGC is only the beginning; it has 22 km of beachfront land to be developed. “There are number of modules on the drawing board. Our focus right now, is to integrate the GPT into a landscaped beach garden paradise. The other components, such as the garden theme park, commercial areas, food and beverages outlets, leisure and entertainment facilities and shopping areas, a limited edition beach and pool villa complex are being planned,” he said.

Piling works commenced in early in December 2006 and GPT is slated for completion in 36 months. Among the facilities planned are a spa, gymnasium, two-tiered swimming pool, restaurants, meeting rooms and convention hall.

There will also be water activities such as fishing and water sports. The 4,621-acre leasehold SGC will be a coastal-city comprising various commercial and residential properties to be developed over 15 years.

For more details, visit Sepang Gold Coast (SGC) website or call 012-307 1713/ 03-3141 2960.

By theSun (by Allison Lee)

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