Setia Eco Glades

Setia Eco Glades is the latest addition to the booming Cyberjaya real estate ground. It is to be developed based on the developer's award-winning Setia Eco Park. It will be a green integrated residential-cum-commercial township sprawling over 268 acres. Setia Eco Glades is to be developed by Setia Eco Villa Sdn Bhd, a 70:30 joint venture collaboration between SP Setia and Setia Haruman. This township is expected to commence in 2012 (beginning November 2011), and will comprise mid- to high-end gated and guarded residential. Setia Eco Glades includes semi-detached homes, terraces, bungalows, apartments and commercial units. It will have an open space concept neighborhood. This is based on the preliminary feasibility study and layout plan – subject to the approval of relevant authorities. It is expected to have an estimated gross development value (GDV) of RM3 billion. Sited on the North-West of Multimedia University (MMU), Setia Eco Glades is well near to numerous amenities including Cyberjaya Lake Garden which is located besides it, Cyberjaya Mosque, SK Cyberjaya and SMK Cyberjaya. Setia Eco Glades is within close proximity from KL-Putrajaya Maju Expressway (MEX), north-South Expressway Central Link (ELITE), North Klang Valley Expressway and North South Expressway (NSE). Besides that, it is mere minutes away from Cyberjaya Transport Terminal (CTT) and Putrajaya Sentral in Precinct 7, Putrajaya that hosts ERL, taxi and bus stations.

Property Details

Name: Setia Eco Glades

Address: Cyberjaya, Selangor

Developer: Setia Eco Villa Sdn Bhd (a JV between SP Setia and Setia Haruman)

Completion Date: 2015 (estimated)

Type: Mixed

Tenure: Freehold

Launch Price: Estimated to be over RM1 million

Facilities

24-hour security

CCTV surveillance

Access card system

Guard patrol

Central lake

Parks

Landscaped garden

Analysis

Cyberjaya has been a busy battle ground between top developers nowadays. Starting with Emkay, the list of developers on this battle ground continues with stronger contenders including Mah Sing with its Garden Residence and UEM Land with Symphony Hills. Even with tough competitions within the area, property seems a blooming business in the vicinity. And prices for new launches seem to top each other. Mah Sing's Garden Residence was launched from about RM900,000 for a terrace and Symphony Hill's terrace (Schubert) was tagged from RM964,000. Hence, anything launch in Setia Eco Glades is unlikely to be anyway below RM1 million.