ISKANDAR PUTERI: While some developers have reported a slow down in the property sector, one developer is experiencing a remarkable demand for its properties.

At least 80% of SP Setia’s newly launched double-storey terrace units known as Visca and Villosa in Bukit Indah were snapped up during its launch recently.

SP Setia Bhd divisional general manager Stanley Saw said that their Bukit Indah township has grown over the years and is now a development project that is highly sought after by buyers,

“This is a prime commercial and residential district which is easily accessible via major roads, highways and amenities.

“Our company has built a strong brand name synonymous with quality and reliability, not only in Johor but throughout the country,” Saw added.

About 200 buyers lined up at the sales gallery to take part in the balloting process to own a unit in the area.

Saw said promotional packages included subsidised legal fees on the sale and purchase agreement and loan agreement as well as subsidised stamp duty on the title’s memorandum of transfer.

A total of 138 units were sold on the launch date for both house types.

The launch featured 110 Visca 20’ x 75’ units with a built-up of 1,920sq ft and 73 Villosa 22’ x 75’ units with a built-up of 2,200sq ft.

The units are priced between RM652,288 and RM770,588.

Construction for both house types has commenced and is expected to be completed in 2018.

Source: The Star Online