In 2016, the top five locations for new launches in Selangor were Semenyih (eight launches), Setia Alam (seven), Sungai Buloh (seven), Klang (five) and Putrajaya (five). Each of these areas had between five and eight new launches.
Last year, there was a slight change with Sungai Buloh taking the lead for the most number of new project launches totalling seven, followed by Kota Kemuning (six), Shah Alam (six), Klang (five) and Setia Alam (five).
It seems quite likely that demand for residential properties remains strong for places like Sungai Buloh and Setia Alam despite market challenges.
There has been a change of wind for Sungai Buloh, which in the past had been associated with commercial nurseries.
While the nurseries are still operating there, the area itself has undergone tremendous change, especially after the Employees Provident Fund announced plans to develop a 943ha in Sungai Buloh through its unit Kwasa Land Sdn Bhd more than four years ago.
Kwasa Land is the master developer of the Kwasa Damansara township, which is expected to generate RM50 billion in gross development value (GDV) over the next 20 years.
More than 150,000 people are expected to move in to live, earn and thrive in this new iconic township.
The first parcel up for grabs was a 26ha town centre-transportation hub with two mass rapid transit stations built within its confines for the benefit of residents and commuters within Klang Valley. The Kwasa Damansara station and the Kwasa Sentral station ―
have been completed and are already in operation.
In January last year, Gadang Holdings Bhd was awarded the development rights of a 8.47ha plot known as R3-1 within the township.
The development, which has an estimated gross development value of RM700 million, will feature a total of 780 residential units comprising a mix of high-rise towers and villas.
SETIA ALAM
Setia Alam is situated in Selangor’s capital, Shah Alam. The 1,015.05ha township by SP Setia Bhd is divided into several precincts where residents can live, learn,work and play. Each precinct is unique and designed as a Residential Village where the houses are organised around a “Village Green” to strengthen community ties and enhance security.
The homes feature extensive facilities and lifestyle elements in a green and natural setting as a huge portion of its developments are open spaces and greenery.
In early 2016, SP Setia launched Retusa, three-storey linked semi-detached homes, and Edulis, three-storey terraced homes in Precint 11, which are fully sold.
A few months later, SP Setia had two new launches — Opacus and Albida in Precinct 17 — offering a total of 235 units of double-storey terraced homes and the take-up rate over the weekend launch was 85 per cent. Prices were from RM578,000 for Opacus and RM638,000 for Albida.
The bustling township, which was launched in 2004, had at least 16,000 residential and commercial properties completed and handed over to date.
Many find SP Setia a nice neighbourhood with Setia city mall offering entertainment and shopping, and Setia Alam Club providing an extensive range of facilities and activities for the whole family.
SP Setia sees no sign of demand slowing down in Setia Alam and will continue to build high-quality, high-value homes and communities.