Twenty-five units of Setia Safiro Phase 2B sold at launch

This article first appeared in City & Country, The Edge Malaysia Weekly, on August 3, 2020 - August 09, 2020.

Artist’s impression of Setia Safiro Phase 2 (Photo by S P Setia)

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S P Setia Bhd’s Setia Safiro Phase 2B in Cyberjaya saw 25 units taken up during its launch on July 25.

Divisional general manager Goh Tzen Sernz tells City & Country that Setia Safiro Phase 2 — occupying 13 acres — is known as Oliveria and consists of two sub-phases.

The first sub-phase — Phase 2A — was launched in March and comprised 80 units of 2-storey link houses (land area: 20ft by 70ft, built-up: 1,960 to 2,020 sq ft). Phase 2A has a total gross development value (GDV) of RM75 million.

“Sales have been brisk since the return of the HOC (Home Ownership Campaign) 2020, with Phase 2A being fully sold. With the OPR (overnight policy rate) at a record low of 1.75%, it is the best time to shop for a property. We noticed that the majority of buyers are owner-occupiers,” Goh says.

Phase 2B comprises 82 units of 2-storey link houses with a land area of 20ft by 70ft and a built-up of 1,960 to 2,020 sq ft. The units will be priced from RM720,000 after rebates and bumiputera discount.

Goh notes that Oliveria is the last phase in the gated and guarded Setia Safiro that offers homes with a land area of 20ft by 70ft, adding that subsequent launches there will comprise houses with a land area of 22ft by 70ft. The units offered during subsequent launches will be priced higher as they are located on higher ground.

“Oliveria has a Spanish-inspired concept with an allocated 30% green area and is affordably priced. It is also the phase that is closest to the township’s 40,000 sq ft Spanish Mansion Clubhouse and connected by a landscaped walking path,” he says.

“The Spanish theme concept creates differentiation among the surrounding developments with its waterscape, green pocket gardens and an exclusive residents-only clubhouse. The hilly and undulating landscape with a 4.8-acre hilltop garden at Setia Safiro provides a luxurious backdrop. A nearby commercial plot of 6.4 acres will provide amenities for the surrounding community.”

The clubhouse has an array of facilities, such as swimming pool, children’s pool, playground, gymnasium, multipurpose hall, meeting room, prayer hall and common areas. The freehold Setia Safiro also features a landscaped back lane and pocket gardens with a 738m-long cascading water feature, grand entrance and guardhouse as well as a signature orchard garden.

At Setia Safiro, S P Setia currently has an undeveloped land bank of 30.33 acres, with future plans including residential developments at Phases 3, 4, 5 and a commercial plot.

Setia Safiro was first launched in July last year. For the convenience of residents, the developer has collaborated with Smart Community Apps for better community management such as resident and visitor access, e-billing, e-notification and facility booking.

So far, the project’s buyer profile seems to be first-time homebuyers and young families looking to upgrade, high-rise residents who want to upsize and a change of environment, as well as property buyers who are looking to upgrade and experience the signature Setia Eco Glades features at an affordable price.

Setia Safiro is located five kilometres from the 268-acre Setia Eco Glades. The former is often seen as an  extension of Setia Eco Glades.

Goh expects the same type of buyers for Phase 2B, as the layouts of four bedrooms and a family hall are more appealing for people who have elderly parents living with them. He is also positive about Cyberjaya’s prospects.

“Its population growth is more than 6% per annum, and it has the second highest per capita income in Selangor after Petaling Jaya. It is well connected to various highways, which means residents can get away from the hustle and bustle of city living while still being close to the city,” he says.

“Cyberjaya is close to Kuala Lumpur International Airport and there are several international schools there, making it an ideal place to live in, especially for locals and expatriates. Setia Eco Glades residents, comprising both tenants and owners, come from more than 30 countries, including Korea, the UK and China.”