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PETALING JAYA: S P Setia Bhd has registered about 80% take-up rate for its recently launched Casa Rica project in Penang.
The 11-acre freehold enclave represents the final phase of the group’s landed property project within the 46.3-acre eco-township, Setia Greens, in Sungai Ara, Bayan Lepas.
Divisional general manager Ricky Yeo said Casa Rica, which means “rich home” in Spanish, has been well planned to meet the high demand for landed property, which is currently lacking in the Penang island due to land scarcity.
“With that, we have recorded a very encouraging take-up whereby 80% of the units have been snapped up to date,” Yeo said in a statement.
The low-density project offers only 60 units of two-storey and three-storey semi-detached homes, each with its own individual title.
With a total gross development value of RM130.3mil, units are priced from RM1.9mil to RM2.5mil, with built-up ranging from 2,897 to 3,512 sq ft.
Positioned at different levels of the terrain to form a picturesque silhouette, the Casa Rica semi-detached homes come with land areas between 3,627 and 10,742 sq ft.
Set to be an affluent neighbourhood for the discerning, the first phase of 38 units is targeted for completion by the fourth quarter of 2023.