SP Setia bucks the trend with new launch

SP Setia Bhd bucks the trend in its coming launch, offering large units for sale when most developers are offering smaller units to cater to the weak market. Known as Setia Sky Seputeh, the Taman Seputeh condominium project has prices ranging from RM2.99mil to RM3.6mil, which translates to about RM1,300 per sq ft.

The first block of 145 units will be sold at an average price of RM1,250 per sq ft next month, and the second block later in the year at RM1,350 per sq ft, says divisional general manager Paul Soh of the project that will have a gross development value (GDV) of RM950mil.