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Mixed-Developments completed, refurbished and ongoing mixed-developments projects



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Old February 15th, 2008, 05:04 AM   #1
rizalhakim
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SETIAWALK PUCHONG | SOLACE, BRIO, VIO & TRIGON | 26F, 3X 27F | U/C

Quote:
Originally Posted by haze View Post
SP Setia to go big in commercial properties

It has lined up two projects in Shah Alam and Johor

By ANGIE NG


Tan Sri Liew with a scale model of the RM800mil Setia Walk development in Puchong.


PETALING JAYA: SP Setia Bhd wants to go big in commercial retail properties to take advantage of the strong demand for quality commercial developments in the Klang Valley and other parts of the country.

The property group, which already has a well-established name in the residential sector, is eager to make a name for itself as a serious commercial retail player with the line-up of interesting projects.

Group managing director and chief executive officer Tan Sri Liew Kee Sin is excited about the prospects for the commercial sector and is seeking potential partners, including those from overseas, to undertake projects.

The biggest project on the drawing board is Setia City in the company's 2,524-acre Setia Alam township in Shah Alam.

The mega commercial project on 150 acres will have office towers, recreational destinations, retail malls and residential components.

Liew said SP Setia was working with a panel of architects and consultants to develop an iconic development in Setia City.

“As an eco-themed development, it will be energy saving with avenues to generate its own electricity for self sustainability,” he added.

The project, with an estimated gross development value of at least RM10bil, will take five to 10 years. Construction is scheduled to start in the first half of next year.

To kick-start the development, SP Setia has identified Sydney-based Land Lease Australia as its partner to undertake the development of a retail mall.

The mall, on 40 acres, would initially have a gross lettable area of 500,000 sq ft, which could later be expanded to 1.5 million sq ft. It will take two years to complete.

Next on the list is Setia EcoCity in the Iskandar Development Region in Johor. The project, to be developed on 80 acres, is scheduled to kick off in 2009 for completion in five years.

“These two projects will establish SP Setia as a serious commercial property developer and widen the company's earning base in the coming years,” Liew said.

The company is also eyeing a number of commercial retail projects in the Klang Valley, including Kuala Lumpur. These projects are expected to start within two years.

SP Setia also has other ongoing commercial projects in the Klang Valley, including the RM167mil Setia Avenue shop-offices in Setia Alam and the RM800mil Setia Walk in Puchong.
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Old February 15th, 2008, 05:05 AM   #2
rizalhakim
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Quote:
Originally Posted by nazrey View Post
Setia Walk set to transform Puchong
Monday October 1, 2007
By ANGIE NG
TheStar




An artist's impression of the dining pod at Setia Walk

SETIA Walk, which is SP Setia Bhd's first showcase project to mark the company’s entry into the commercial retail sector, will transform Puchong through its revolutionary lifestyle experience and refreshing retail concept.

Positioned as a one-stop boutique lifestyle centre that appeals to the trend-conscious younger clientele, the integrated residential and commercial development comprises retail blocks, offices, an entertainment complex, service apartments and residential apartments.

SP Setia group managing director and chief executive officer Tan Sri Liew Kee Sin said the commercial precinct is a hybrid between conventional shop offices and a shopping mall.

Although the concept is regarded a novelty in the local market, it is highly popular in western countries, including the United States.

“Rather than settle for the typical row shop offices, we have transformed the project through a combination of imaginative architecture and creative landscaping into a destination place where people can live, learn, work and play,” Liew said, adding that the retail mix would be geared towards creating a hip and happening joint aimed at youngsters.

Phase one will comprise 85 blocks of four, six and seven storey of shop offices offering 170 retail units and 336 office units. The shop offices are priced between RM2.5mil and RM8.9mil a block.

Units on the ground and first floors will be operated as retail lots while the offices will occupy the upper floors.

The shop office blocks are all carefully designed and laid out to either face the Damansara Puchong Expressway (LDP) or the internal waterways, thus providing prime double frontage and high visibility for businesses.








model of Setia Walk





Located on 20.8 acres in the matured township of Pusat Bandar Puchong, the project enjoys good frontage and visibility to the LDP and Jalan Wawasan, the township's main thoroughfare.

At the recent soft launch of the shop offices, 57 units were sold.

Phase two will comprise the hotel, entertainment complex and an office tower. The apartments will be built under phase three.

Liew said with projected rental of RM15 to RM16 per sq ft for the shop offices and RM8 per sq ft for space in the entertainment complex, property owners could expect annual rental yields of 10%.

“While preference would be given to owner occupiers, we are going the extra mile to provide pre-leasing services to match the owners with the right tenants.

“Our dedicated pre-leasing team has identified a list of potential suitors to be matched with the buyers to ensure a vibrant tenancy mix and add value to the entire development,” he added.

For the office space, the company is targeting investors and owner-occupiers such as consultancy firms and clinics.

Explaining the concept of the commercial component, Liew said it would have three main zones - active zone (child development centre, play-zones and children-centric products); sanctuary zone (fine dining, spa and beauty care centres) and the escape zone (ideal for relaxing and unwinding with alfresco dining, cafes and bistro).

The business hotel and entertainment complex will be the anchors on both ends of the commercial precinct. The entertainment complex with over 300,000 sq ft of gross lettable area will have cineplexes, bowling alleys and karaoke lounges.

Liew said the many attractions and experiences would make Setia Walk ideal for families and businesses.

Among the value added features provided for the business operators and customers are round-the-clock security, two-level basement parking, elevator and escalator access and pedestrian-only walkways.

Lush landscaped pedestrian areas will link the activity nodes while soothing waterways complete with children-friendly facilities will form the central spine of Setia Walk.

The water features consist of water jets, fountain, water column, cascading waterfall, sand dunes, wading pool and modern sculptures.

Meanwhile, home seekers in search of a refreshing and unconventional lifestyle should consider the residences at Setia Walk that come complete with facilities.

There are three, 27-storey blocks comprising 759 apartment units that are priced from RM210,000. There are also 46 units of small office home office (Soho).

As the site is just opposite the proposed new light rail transit station for Puchong, the market response for the residential units looks promising.

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Old February 15th, 2008, 05:06 AM   #3
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Quote:
Originally Posted by nazrey View Post
Strong demand already in place for Setia Walk
Wednesday October 10, 2007




A closer look: Hundreds of potential buyers thronged the official launch.

INTEREST in the Setia Walk development located at Pusat Bandar Puchong was high as hundreds thronged the official launch of the project on Saturday hoping to snap up the remaining commercial units.

The first phase of the project, comprising 85 blocks of commercial units, was already sold by 80% (66 units) prior to the official launch, indicating a strong demand for the RM800 mil project.

SP Setia group managing director and chief executive officer Tan Sri Liew Kee Sin said work on the project would start in two months and the development of the entire project would be over the course of three years.

“This is not just a lifestyle development but about security, because anyone who goes to a shopping centre must first of all feel safe,” said Liew.

“As a developer, we are spending money to design the place with security in mind rather than try to incorporate security features at a later stage.”

The property promised to include security features like high-resolution security cameras, roads designed to prevent motorcycles from speeding, well lit car-parks, 24-hour security for the parking bays and designated lifts where security could provide escort services for people to their cars.

SP Setia commercial development divisional general manager Richard Ong said the massive project would not have problems with traffic dispersal, as traffic will be directly connected to the LDP Highway.

The development will be done on freehold land and includes 10 rows of retail-cum-office units, an entertainment centre, a 120-room travellers class hotel, a 24-storey corporate office tower, 760 units of serviced apartments, 50 SOHO units and 4,300 covered parking bays.
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Old February 15th, 2008, 05:07 AM   #4
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Old February 15th, 2008, 05:07 AM   #5
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Old February 15th, 2008, 05:08 AM   #6
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Old February 15th, 2008, 05:12 AM   #7
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another project - setia nexus @ klang



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Old February 18th, 2008, 11:28 AM   #8
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another project - setia nexus @ klang




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Old February 28th, 2008, 08:38 AM   #9
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Setia Walk @ Puchong

Location: Pusat Bandar Puchong

Developer: SP Setia Berhad

Land Area: 20.8 acres

Tenure: Freehold

Title: Individual Strata Title

For Sale (en-bloc only):
8 - 4 storey shop offices (2 retail, balance offices) - SOLD OUT
77 - 6 storey shop offices (2 retail, balance offices) - from RM3.15m

Standard Lot Size: 27' x 70'

Car Park: 1 per floor

Expected Rental:
Ground Retail - RM5.80 psf
First Retail - RM4.20 psf
Second Office - RM2.20 psf
Third - Fifth Office - RM1.90 psf

Maintenance:
Retail - 50 sen psf
Office - 30 sen psf

Expected Gross Yield: 10% pa
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Old February 28th, 2008, 08:39 AM   #10
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Old February 28th, 2008, 08:40 AM   #11
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Old February 28th, 2008, 08:40 AM   #12
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Old February 28th, 2008, 08:41 AM   #13
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Old February 28th, 2008, 08:42 AM   #14
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Old February 28th, 2008, 08:43 AM   #15
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Old February 28th, 2008, 08:43 AM   #16
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Old February 28th, 2008, 08:45 AM   #17
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Old February 28th, 2008, 08:46 AM   #18
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Old February 28th, 2008, 08:47 AM   #19
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Old February 28th, 2008, 08:48 AM   #20
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