PROPERTY NEWS: SP Setia spearheads JB renaissance
EXCITING TIMES: The landmark 55-storey Setia Sky ’88 is tipped to spur growth in JB property market
Johor Bahru’s property market will get a shot in the arm when SP Setia’s landmark Setia Sky ‘88 shapes up within four years. Comprising three 55-storey towers, the RM450 million project lays claim to being the most expensive residential apartment in JB at RM600 per sq ft.
Located just two minutes from the Customs, Immigration and Quarantine (CIQ) complex, the luxury serviced apartments is tipped to be the central point of Iskandar Malaysia. “It is sought after by those who want to invest in Iskandar, as well as tapping into the spill-over effect of skyrocketing Singapore property prices,” said Ricky Yeo, General Manager of Setia City Development Sdn Bhd, during an exclusive preview recently.
Response so far for Setia Sky ’88 has been overwhelming, prompting Gavin Tee, founder and President of SwhengTee International Real Estate Investors Club to declare that the towers are a sign of things to come in JB, namely a bullish property outlook in the next 10 years. “The landmark project will spur growth in the long run,” Tee said during the unveiling of Setia Sky ’88. Tee was speaking on “An emerging property market — JB enters the Golden 10-Year Era“.
With stunning vistas of Singapore and Johor Bahru, the picturesque sky views are complemented by infinity swimming pools, infinity jogging tracks, spa zones, children’s play areas, manicured landscape gardens, viewing decks, cafés, children’s theatres and soft play areas. By Khairul Khalid