Preview: Setia Walk Puchong By SP Setia
UPDATE: The full review for this project can be found here.
Drove to Puchong the other day on the LDP the other day, saw this massive development under way at piling stage at Taman Wawasan / Pusat Bandar Puchong.
The huge billboard announced that it was the much anticipated Setia Walk project, which we’ve been hearing a lot about in the last few years. Since completing the last phase of Taman Wawasan in the mid 90’s, SP Setia has been quite dormant in this part of Puchong. In the interim years, while the general area of Puchong has taken off in terms of population and area and also density. Other developers, especially IOI Property who have the biggest landbank, have been extremely busy.
According to the the press release, the project is described as follows:
SP Setia’s maiden commercial project comes in the form of the RM800 million Setia Walk, which is set to transform the Puchong area. Built on a 20.8 acre plot in the matured township of Pusat Bandar Puchong, the project is highly visible from the Damansara Puchong Expressway (LDP) and located opposite the proposed Puchong light rail transit (LRT) station.
Positioned as a one-stop boutique lifestyle centre, the project will be an integrated residential and commercial development which comprises offices, retail blocks, an entertainment complex, serviced and residential apartments. The commercial area will combine conventional shop offices and a shopping mall. With a potent blend of innovative architecture, creative landscaping and an exciting retail mix, Setia Walk will undoubtedly be a desirable place to live, work and play.
Phase One will consist of 85 blocks offering 170 retail and 336 office units. Prices of shop offices range between RM2.5 million and RM8.9 million per block. Retail lots will be located on the ground and first floors, and offices will occupy the higher floors.
Phase Two will feature a business hotel, office tower and entertainment complex which will house cineplexes, bowling alleys and karaoke lounges; while apartments will be built in Phase Three. According to the company, buyers can expect annual rental yields of 10 percent.
The commercial zone will be segregated into three main areas. The Active zone will comprise a child development centre, play zones, and children-centric retail shops; the Sanctuary zone will include fine dining restaurants, spas and beauty centres; and the Escape zone will feature alfresco food and beverage outlets, such as cafes and bistros.
The residential component will include three 27-storey blocks offering a total of 759 units. Prices start from RM210,000. There will also be 46 small office home office (Soho) units.
There was an artist’s rendition of the project on the billboard, but i couldn’t find it online.
Looks like SP Setia is banking of capturing a more affluent and yuppie market here, but we wonder if it may be suitable. While the price of homes in Puchong have ben getting higher every year now, this may be a whole new ball game that is more suited for dense city areas. Puchong was in the past (and still is) a haven for young families, but it seems the prices are changing that trend now. But who knows, this may be very successful, judging form the unpredictability of the Puchong market…!
But they’ve got to do something about the traffic situation here. its still okay now, but in a few years time… wow.
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Regards
Alan
Comment by Alan — June 7, 2008 @ 4:49 pm
I have just checked with the developer sales staff, they shall be launching the apartments sometime end of July or early August. Hot buys. Watch out!
Comment by Pammy — June 9, 2008 @ 9:49 am
Setia Walk is a nice and comfort place. Everywhere you go is a walkway for bicycle and people.
Comment by tYOt — June 10, 2008 @ 5:46 pm
Setia Walk has kick off their soft launch for the service apartment,…..reasonable price and nice concept…I like it..
Comment by Ann — July 27, 2008 @ 9:27 pm
I dropped by the sales office today. I’m so impress with the concept…guess what…..I have bought a unit….it is very high chance the proposed LRT will just right opposite…fantastic…for stay or investment…hopefully I have made a right choice…
Comment by Ann — July 27, 2008 @ 9:31 pm
hehe… Just bought one unit today! Guess what…if u r Direct Access card holder…u can pay the 10% down payment in 12 months installment at zero interest. And Further…this is the best…SP Setia is paying you on your behalf the progressive interest to Direct Access(CIMB) until the project completed! No joke…ask yourself at the SP Setia office at Puchong.
Comment by Dave — July 27, 2008 @ 9:46 pm
Booked 1 too..but still considering with some doubts on it..hehe
Comment by XSPotato — August 1, 2008 @ 2:09 pm
My colleagues also just bought one on 31st July. I think now the price increase by ard 8-10k for his unit. Anymore Setia Walk purchaser out there? Maybe can share some opinion?
Comment by Ann — August 4, 2008 @ 12:39 pm
I booked 1 unit during first day preview. I like the concept and door step. Anyone know the respond of the preview? What is the % price increased?
Comment by yakyong — August 4, 2008 @ 7:00 pm
Hi all, i book one too. Facing the lake although im not quite sure if can manage to see it clearly. They will lauch it sometime September.
Comment by Leong Boon Wei — August 14, 2008 @ 12:27 am
The full review can be found here:
http://propertymalaysia.blogsome.com/2008/09/21/setia-walk-pusat-bandar-puchong/
Comment by Administrator — September 23, 2008 @ 11:43 pm