PETALING JAYA: Well-known contractor Setiakon Builders Group (Setiakon Builders) has joined the ranks as a property developer with the collaboration with Chester Group to build Tulip Residence.
Joining forces with Chester Danai Alam Sdn Bhd, which is a subsidiary of Chester Group and landowner Mun Yik Group, the project, which has a gross development value of RM230mil, is located in Denai Alam, Selangor.
Both Setiakon Builders and Chester Group have always had the same dream of becoming a property developer and with Tulip Residence, their dreams have become a reality.
The mixed-use development, comprising service apartments and retail lots, offers a dual living lifestyle, conceptually suited to both individuals and families.
Tulip Residence consists of 611 units, that include four different layouts with sizes ranging from 450 sq ft for the small-office-home-office (SoHo) to 956 sq ft for the three-bedroom and two-bathroom Type C unit. Type A offers a two-bedroom and one-bathroom layout at 653 sq ft and Type B's three-bedroom and two-bathroom layout occupies 753 sq ft.
The first tower, at 32-storeys with 320 units, was launched in December 2021 and was fully sold within six months. The 27-storey second tower, with 277 units, is now open for registration.
Chester Group chairman Datuk Howard Chew believed that the synergy with Setiakon Builders is the right move forward.
This sentiment is shared by Setiakon Builders group managing director Datuk Kuan Ah Hock during the signing ceremony. Assured by the project's great location and coupled with the combination of a great team, he is confident that the mixed-use development will appeal to the buyers.
Also at the signing ceremony were Chester Denai Alam chairman Tay Kok Kwong and executive director David Chang, Setiakon Builders shareholder Tan Tong Kwee and STK Bina Sdn Bhd director Yap Cho Heeon.
"Alone we can’t achieve the best results. I am convinced that this cooperation can give the best value to our buyers. Please stay tuned as we will bring more good development to everyone catering to the needs of the market. We’re looking forward to making this business better with the combination of the Black Card Platform, Chester Group and experts from related fields,” said Chew.
"The very first collaboration with Chester Group was when I first met Datuk Howard Chew 10 years ago, and (the project) was 100% sold within a short period of time. This gives me great confidence in the Chester team that they will also do a very good job in Tulip Residence’s sales.
"Not to forget, we also have Setiakon Builder as the contractor, which is a very powerful synergy,” according to Mun Yik Group.