Marking SP Setia Bhd’s entry into the arena of commercial developments is the 20.8-acre Setiawalk within the 700-acre Pusat Bandar Puchong, the developer’s first venture in property development. Left with the last parcel of land meant for commercial use and without any solid experience in mixed developments, SP Setia’s plan for Setiawalk was simple. The project will have a mix of retail offices, business hotel, serviced apartments and entertainment complex with the aim of providing modern conveniences to potential investors.
Despite the lack of experience, it appears that SP Setia’s first mixed development was highly successful. In fact, since it was launch in 2008, Setiawalk’s shop offices has seen capital appreciation of between 12% and 20% per year. Upon completion, Setiawalk should adhere to the developer’s commitment to sustainability and trademark of a live, learn, play and work concept just like many of its projects such as The Glitz, Sky Oasis Residences and Setia Pinnacle.
A Retail & Lifestyle Hotspot
With a gross development value of RM1 billion, Setiawalk is poised to become one of Puchong’s retail and lifestyle hotspot. At the epicenter of its design is the symbiosis of three elements – retail outlets, shop offices and residential units. Setiawalk draws inspiration from some of the mixed developments in the US and the idea was to create a concept that breaks free from conventional shop offices.
The freehold development is similar to a strip mall with a courtyard as its centre showpiece and planned to be completed in several phases. Serving as catalysts to the site are the entertainment complex and the business hotel steadily attracting tenants who will provide exceptional conveniences and entertainment to the residents. Within the 300,000 sq.ft. complex are leasable spots which includes a fitness centre, karaoke lounges, restaurants and many more.
The Configuration and Pricing
The shop offices will be housed in several blocks housing a total of 336 offices and 170 retail units. For the serviced apartments, there is an array of choices available for everyone and it’s nestled on higher ground overlooking the vibrant commercial area. Three blocks of high rise towers, 27 storeys each, are comprised of 759 residential units in addition to 46 Soho suites. Built-up sizes for the apartment units vary from 845 to 1,387 sq.ft. with the smallest units featuring 1+1 bedrooms while the largest options have 3 bedrooms. Soho suites, on one hand, have a built-up of q,500 sq.ft.
Launch price for both commercial and residential units are categorized as follows:
- Shop offices start from RM2,500,000 to Rm8,900,000
- Apartments start from RM210,000 to Rm1,455,384
- Condominiums start from RM291,800 to Rm1,020,00
- Soho suites start from RM563,350 to Rm967,860
To confirm if the following prides are in sync with Setiawalk’s fair market value, use our free price valuation guide right here.
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The Live, Learn, Work and Play Concept
Whether it’s for young professionals, young couples, families or today’s urbanites in general, Setiawalk has a variety of units and design options available for all kinds of investors. Experience the Setiawalk’s concept of live, learn, work and play through its range of facilities. Lush landscaping strategically and aesthetically link activity areas while numerous water features maintain a refreshing and enriching ambiance. Some of the water features within the vicinity include water jets, cascading waterfall, wading pool and a water column amongst others. In addition, safe and convenient living is made possible with the developments 24-hour security and 4,300 car parking bays.
Because Setiawalk is designed as a mixed development with three commercial elements in an ideal harmony, a host of amenities are in close proximity meeting residents’ modern demands without any trouble. From day-to-day needs to leisure, recreation, work, fine dining and entertainment, Setiawalk has practically everything in close range.
What We Think
Despite not being as extensively connected as other major centres, Setiawalk fronts one major road, the Damansara-Puchong Expressway (LDP), strategically planned to highlight the site’s potential for appreciation and business. Opposite the development is the proposed Ampang Line LRT station which should benefit Setiawalk greatly in terms of connectivity and easy accessibility.
Despite early struggles, SP Setia has definitely garnered a lot of buzz and responses through its Setiawalk project. And considering Pusat Banar Puchong’s maturity as a thriving township, it is more likely that commercial and residential investments in this area will grow in the long run. But don’t just take our word on it, back-up your investment with some solid date on Setiawalk’s market value by downloading our ebook guide below. Don’t worry, it’s completely free with no strings attached.