THE SP Setia Bhd has received bookings for the majority of its latest condominium project, Setia Pinnacle, a Green Building Index (GBI)-certified luxury high-rise residence in Sungai Ara, Penang.
Group general manager (north) Khoo Teck Chong said the scheme, comprising 434 condominiums in a single 38-storey block which was in its soft launch phase now, would be officially open for sale next month.
He attributed the overwhelming response to its attractive pricing at RM514,000 for a unit with a built-up area of 1,095sq ft.
“Those units with built-up areas of 1,515 sq ft are priced from RM700,000 onwards,” he added.
Most of the buyers were locals looking for their first homes rather than investors who already owned property, according to Khoo.
“Purchasers will only need to pay 1% of the purchase price to own a unit at Setia Pinnacle and the rest of the package includes a 9% rebate, zero-interest absorption by the developer and free legal fees and stamp duty on sales and purchase agreement and loan documents.
“This package will only apply to early birds who register,” said Khoo yesterday during the preview at its show gallery.
He said Setia Pinnacle was designed to maximise its locational assets while providing SP Setia’s signature ‘LiveLearnWorkPlay’ living experience.
The experience, he explained, begins the minute the resident enters the private driveway leading to Setia Pinnacle.
“This gently curving driveway, bordered by lush greenery that reflects the forested hill behind Setia Greens, insulates the Setia Greens residents from the additional traffic.
“More importantly, it provides residents of Setia Pinnacle with a sense of exclusivity as well as a calming transition from the outside world to a serene homecoming,” he said.
As one of the first GBI-certified buildings in Penang, Setia Pinnacle will set a benchmark for other green buildings starting from the initial groundbreaking phase, according to Khoo.
“SP Setia takes great pains to ensure that our construction activities are as sustainable as possible, for example, minimising earthworks, pollution and wastage,” he said.
As a GBI building, Setia Pinnacle is designed to cut down on heat absorption.
“For example, the building has insulated reinforced concrete roof, rooftop lawn as well as large overhangs like copings and balconies that act as sunshades to cut down heat absorption,” said Khoo.
“There are also treated glass windows, vertical green walls and planter boxes which not only add to the aesthetics of this building but also help reduce heat absorption.
“A rainwater harvesting system will be put in place for watering plants,” he added.
He said: “Low volatile-organic-compound paints will be used throughout the building.
“All rooms in every apartment will have direct natural ventilation.
“Every bathroom and kitchen will also have water efficiency fittings.”
Scheduled for completion in 2016, Setia Pinnacle is designed with facilities spread over two floors, called the Green Pavilion at level 8 and Sky Pavilion at level 38.
“The Green Pavilion floor comes with an infinity lap pool, children’s splash pool with water slides, and walkway cum jogging track,” said Khoo.
“At level 38, the highest floor, the Sky Pavilion is a semi-open air area with a beautiful landscaped lawn, offering the perfect vantage point from which to enjoy the amazing views or a natural setting for taichi and yoga sessions,” he said. - The Star
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