An artist’s impression of Pines Avenue.
PETALING JAYA: SP Setia’s commercial properties at Setia Ecohill 2 and Setia Mayuri in Semenyih have achieved a 100% take-up rate, paving the way for a vibrant community in the townships.
Pines Avenue at Setia Ecohill 2 comprises 14 units of two-storey shops measuring 2,988 sq ft to 4,421 sq ft, with prices ranging from RM1.3mil. Pines Avenue is a waterfront commercial development nestled within 18-acre South Creek. It was launched in October and is scheduled to be completed by October 2027.
Meanwhile, Baris Place 2 at Setia Mayuri comprises 16 two-storey shop lots with built-ups ranging from 3,172 sq ft to 4,054 sq ft. It was also launched in October with prices ranging from RM1.5mil. Baris Place 2 is banking on the success of the existing Baris Place shops, which have achieved full tenancy and have become a thriving focal point along Jalan Broga.
Divisional general manager Koh Sooi Meng said the fully taken-up developments are a testament to SP Setia’s success in developing quality products that capitalise on the catchments in the surrounding area.
“Historically, looking at our previous offerings in Semenyih, both developments are expected to generate good rental yields, ranging from 6% to 8%,” he adds. “Based on our research, the rental rates of shop lots in the area can fetch between RM5,000 and RM8,000 per month while corner shop lots range from RM10,000 to RM15,000 per month,” he added.
Setia Ecohill 2 and Setia Mayuri in Semenyih are connected via major highways such as the KLSeremban North South Highway (PLUS), Kajang Dispersal Link Expressway Highway (SILK), the Kajang Seremban Highway (LEKAS), South Klang Valley Expressway (SKVE), Jalan Semenyih, Jalan Bangi Lama and the East Klang Valley Expressway.
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