KEPALA BATAS, PENANG: SP Setia’s integrated city development in Penang, Setia Fontaines is seeing an encouraging take-up of the first phase of NusaCinta recently.
At its recent soft launch, the double-storey terrace houses were 100% taken-up while the rest of the phases saw up to 65% take-up.
“Despite the current challenging landscape, the keen interests in Setia’s products by our buyers is a testament of our stellar reputation of understanding customers’ needs and preferences,” said SP Setia divisional general manager Ricky Yeo.
He said Penangite purchasers who are currently overseas were among the early birds who bought NusaCinta homes virtually.
“Our Live Learn Work Play development philosophy has attracted various buyer profiles from within and out of Penang. This has inspired us to continue providing all our buyers with a quality product that will not burden their financial responsibility, especially those seeking for their first landed property, or even for those investing in a second home in Penang,” he said.
NusaCinta is designed in an island concept with most of the homes facing waterways and green areas such as the 63 acres man-made lakes, Heritage Park, canals and parks. Property buyers are spoilt for choice with the various single and double-storey terrace homes, linked-semi-detached, semi-detached as well as single and double-storey bungalows.
The first phase consists of 364 units of single and double-storey terrace homes, linked-semi-detached and semi-detached units. The second phase has 116 units consisting of single and double-storey bungalow and semi-detached. The price range of the homes starts from RM800,000.
To further incentivise interested buyers, the 1% Early Bird Benefit has been extended to 31 December 2020.
At the virtual launch on Dec 19, there was also a NusaCinta Launching Lucky Draw with total prizes up to RM20,000. The lucky draw was open to buyers of the first phase who signed the Sales and Purchase Agreement and loan within a certain duration.
Once completed, Setia Fontaines will be known as City of the North with its land size of 1,691 acres. Its strategic location makes it the centre of gravity with Sungai Petani on the North, Kulim on the East, Bukit Mertajam on the South and Butterworth on the West.
The mixed development will encompass commercial development such as Office Space, Trade Centre, Warehousing for Online Business, Techno Hub, Shopping malls, International Waterfront F&B, Convention Centre, Hotel and Lifestyle district (Setia IWC) and many more.
It is accessible via major highways such as the North-South Highway, Butterworth-Kulim Expressway, Butterworth Outer Ring Road, Penang Bridge, and also the proposed Penang 3rd Link.