PETALING JAYA (Feb 28): S P Setia Bhd’s Castanea homes in Setia Alam, Selangor, which were launched on the weekend of Feb 15 and 16, have seen well over half of the 52 double-storey semidee homes priced above RM1 million snapped up. To date, it has achieved a take-up rate of 65%.
Castanea is the second phase of the freehold Bywater Homes project in Setia Alam. The first phase comprising 202 units of 2-storey terraced homes and 48 units of 2-storey linked semidees have been 90% sold to date.
The Castanea units have land area sizes of 32ft by 75ft and built-up sizes of 2,451 sq ft and 2,522 sq ft. The 4+1 bedroom and 4 bathroom units start at RM1.05 million.
“Besides Petaling Jaya, Damansara, Subang and Puchong, many buyers are from the immediate surrounding areas such as Meru, Klang, Kapar, Bukit Tinggi and Shah Alam,” Bandar Setia Alam Sdn Bhd general manager Tan Siow Chung told EdgeProp.my.
“The response is beyond our expectations. We hope the trend will sustain,” Tan added.
The main draw for the buyers, he noted, was the opportunity to own a premium home in a safe and secure community within the well-planned Setia Alam, at an affordable price and maintenance charge for such property types.
The Castanea homes are situated within a guarded non-strata community that boasts two parks: the 20-acre Wetlands Park and an upcoming 13-acre recreational park.
“It is rare to find a place sandwiched between two parks, of which the Wetlands Park is a great area for bird-watching. In fact, we have spotted and photographed some migrating birds there,” he said.
The monthly maintenance charge is estimated to be around RM70 to RM80 for the guard house and the security personnel.
“Compared with the usual RM200-and-above maintenance charge for a gated-and-guarded precinct, this rate is more affordable, making Castanea a perfect choice for those looking for a safe and exclusive yet affordable place to live in,” said Tan.
“The project has also been planned with security features such as the waterways of the Wetlands Park that will serve as natural barriers while hedges and shrubs will be planted where there are no waterways,” he noted.
Moreover, he added, a wide array of amenities, from eateries to shopping mall to schools, are available just a few minutes’ drive from the neighbourhood.
“Setia Alam is a fine example of our Live, Learn, Work, Play philosophy which has been planned and implemented since day one of the development. Today, everything you need can be found within the township,” he offered.
Tan also pointed out that the window of opportunity to own a landed home in Setia Alam is closing as Bywater Homes is one of the last landed home series in the 2,525-acre township development which is poised to move to another growth stage with new integrated developments surrounding Setia City Mall.
These upcoming developments have a total estimated gross development value of some RM18 billion, which include a medical centre and several commercial projects.
“The remaining Castanea units are expected to be sold out in the next few months while the rest of the landed housing projects will be launched in the near term. After that, no more landed homes will be launched in Setia Alam,” Tan said.
This story first appeared in the EdgeProp.my pullout on Feb 28, 2020. You can access back issues here. — EdgeProp.my