SHAH ALAM: SP Setia Bhd sold all 93 units of its latest development Careya, the first of Setia Alam’s Starter Homes series on launch day.
With only two parcels allocated for the Starter Homes series in Setia Alam, these limited editions homes were well received as expected with many buyers lining up at the launch venue as early as the night before.
Careya holds a total gross development value (GDV) of RM58 million, with prices starting at RM585,000.
Due to be completed in two years, the Careya series comprises 93 units of 20ft x 65ft double-storey terrace houses with built-ups starting from 1,677 sq. ft.
“The objective of the Starter Homes series is to give both first-time buyers and those looking to upgrade the chance to own a freehold landed residence in a thriving community, usually only found in new developments located far off from central Kuala Lumpur or Petaling Jaya,” said general manager of Bandar Setia Alam Sdn Bhd Tan Siow Chung in a statement.
“Setia’s Starter Homes series is definitely something that has not been seen for many years in the local real estate scene. It is certainly an underserved market in Setia Alam and with manageable built-ups that come with either three or four bedrooms plus three bathrooms, it is very affordable to purchase and maintain,” Tan added.
A unique plus point is that each home under the Starter Homes series has an eight-foot backyard which is renovation-ready.
While the space can be used as a drying area, it can also be easily accommodated for future extension as the foundation and slabs have already been laid.
The next phase of the Starter Homes series, according to Tan, will feature 18ft by 65ft double-storey houses.