SP Setia previews of its upcoming luxury residential tower, ViiA Residences which is a component of the 25-acre integrated green luxury development, KL Eco City.
From left are Tony Ling, SP Setia deputy president and COO Datuk Wong Tuck Wai, SP Setia president, CEO Datuk Khor Chap Jen and SP Setia and SP Setia head group branding & communications Adelene Wong.

PETALING JAYA: Property developer S P Setia will be launching ViiA Residences, the latest KL Eco City project since its debut in 2011, at the end of this month.

The project was the first component introduced to the market in five years since KL Eco City launched its first batch of strata offices, residential units and boutique offices. It has received 3,000 registered interest so far.

ViiA Residences is a component of the 25-acre integrated green luxury development, KL Eco City, which will consist of 326 units of serviced residences with a gross development value of RM450mil.

It will comprise four types of layout from one-bedroom to three-bedroom units with built-ups ranging from 636 sq ft to 1,252 sq ft. The prices will start from RM980,000 at an average price of RM1,600 per sq ft.

Artist Impression : Pool Lounge at the Arena level of ViiA Residences, KL Eco City.

“This is a good investment opportunity as we foresee the demand is there especially from high income professionals who appreciate the premium of a prime asset in a very strategic location.

“These are also people who appreciate the vibrant lifestyle that keeps them on the move easily. They also seek high returns from rental and capital appreciation in the future.

“On that note, S P Setia is offering the Setia 10:90 Scheme for this project where investors need only pay 10% of purchase price with balance 90% to be paid upon handing over of the property.

“This provides an opportunity for one to enjoy the benefits of owning a very prime property investment that otherwise requires much larger upfront investments,” said SP Setia divisional general manager Tony Ling at the preview of ViiA Residences yesterday.

Show unit of ViiA Residences presents the ultimate comfort of modern living.

For the previous launches, he said the strata offices which was handed over on July were fully sold while the boutique offices has achieved the take-up rate of 85%. Only one unit was left for the residential units.

“The planned 300,000 sq ft retail component is already underway and we are targeting for operations to commence next year,” Ling added.

He said that the company has been working to deliver the launched projects and laying out the facilities and amenities since KL Eco City’s introduction to prove its ability to deliver a vibrant, vivacious and vivid development.

The company has since invested approximately RM200mil to construct dedicated ramps and bridges. The unique two-tier internal road system allows traffic to enter and exit the various components of the integrated development via major roads such as the Federal Highway, New Pantai Expressway, Jalan Maarof and Jalan Bangsar.

(L-R) Ling and Daniel Ong, Head of Sales & Marketing, KL Eco City presenting ViiA Residences at KL Eco City.

Residents of ViiA Residences will be able to enjoy activities such as rock climbing, infinity sky pool, pool lounge, steam bath and sauna, gourmet lounge, Zen deck, steps studio, luxury lounge, BBQ area and AV Room.

Conceptualised as a vibrant, vivacious and vivid development, ViiA Residences will be connected to The Gardens and Mid Valley City via a pedestrian link bridge and surrounded by grade A office buildings with over 3 million sq ft of prime office space, a 252-room business class hotel and a 300,000 sq ft lifestyle retail mall.

KL Eco City is anchored by prime commercial offices, high-end retail outlets, top-notch serviced residences, luxury residential tower and a business class hotel.

Viia Residences is expected to be launched at the end of this month.

It is also planned as a transport-oriented development served by the existing Abdullah Hukum LRT Station and the new KTM Commuter Station in an integrated rail hub. One can easily travel to KL Sentral to embark from Express Rail Link (ERL) to Kuala Lumpur International Airport (KLIA).

KL Eco City is also developed to meet the stringent criteria of a minimum Gold certification from various green building certifiers. ViiA Residences is Green Building Index (GBI) and Greenmark Gold certified. The Strata Office tower that was recently handed over is Leadership in Energy and Environmental Design (LEED) Core and Shell Gold certified. Moreover, Residential Tower 1 or Vogue Suites 1 which is earmarked for delivery in Q1 of 2017 is also GBI and Green Mark Gold certified.

Construction for ViiA Residences will commence in Q4 2016 with a targeted completion date in 2020.