Setia EcoHill 2’s phase one to launch next month

PETALING JAYA (May 20): S P Setia Bhd is set to launch the first phase of its Setia EcoHill 2 township next month in Semenyih, said executive vice-president Tan Hon Lim.

“The first phase of the township called Springfield Residences comprises 258 units of 2-storey terraced homes and 96 units of 2-storey cluster semi-detached homes,” he told TheEdgeProperty.com.

Springfield Residences has a gross development value (GDV) of RM228 million and will occupy 180 acres of the 1,010-acre township, which has a GDV of RM5 billion.

According to Tan, the terraced homes will come in three designs with built-ups for the units starting from 1,859 sq ft to 2,148 sq ft while the semi-dees will have built-ups of 2,028 sq ft.

“Prices for the units range from RM553,000 to RM668,000 and are scheduled for completion mid-2018,” he said.

According to him, the target market for the products includes buyers from the immediate surrounding areas as well as from suburbs such as Cheras, Seri Kembangan and Petaling Jaya.

“Residents here will enjoy great connectivity and plenty of amenities nearby. The township will have easy access to the Kajang–Seremban (Lekas) highway, which enables residents to travel to Kajang, Cheras, Putrajaya, Seremban and Kuala Lumpur,” he said.

The township is also connected to the North–South Expressway, South Klang Valley Expressway and Sistem Lingkaran Lebuhraya Kajang Highway.

Tan noted that the group had spent RM80 million to construct the Lekas-Ecohill link, which  opened last August.

Moreover, the group is further investing RM50 million to extend the link by 3km to Setia EcoHill 2 and expects to complete the extension next year.

Nearby amenities include hypermarkets such as Tesco and eateries such as McDonald’s, Pizza Hut and KFC. Some of the educational institutions nearby include SK Kampung Rinching, Nottingham University (Malaysian campus) and Universiti Putra Malaysia.

Setia EcoHill 2 is located 3km away from the Setia EcoHill township, which was launched in 2013.

The first three phases of Setia EcoHill are fully sold, while the last phase – launched in 3Q2015 – is 70% taken up.

“More than 80 acres is reserved for green parks while approximately 17 acres of parks is earmarked for the wetlands. Setia EcoHill 2, which is inspired the elements of air, earth and water, preserves the natural undulating green altitudes and creates new recreational opportunities along the mountain slopes leading to Bukit Tempurung, with more than 10,000 trees to be planted around the township,” said Tan.

Setia EcoHill 2 is expected to be developed in 18 phases over the next 10 years.

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This story first appeared in TheEdgeProperty.com pullout on May 20, 2016, which comes with The Edge Financial Daily every Friday. Download TheEdgeProperty.com here for free.