Friday, January 9, 2015

New Launch CAFFRA (20x65) and SERATA (32x70) at Setia Alam

I received SMS from SP Setia yesterday.

“RM0.00 (SA) Make a date to view NEW show houses, 10 Jan 5.30pm & be the 1st town Caffra / Serrata launch on 11 Jan @ Setia Alam Welcome Centre. Info 03-33432255”
It has been a while since the last DSL houses launched by SP Setia, at Setia Alam. If I am not mistaken, the last project called MIMOSA - with Build-Up 2180 sqft and Price 688k was launched like 2++ years long ago in Sept/Oct 2012. It’s also the last DSL project at the southern part of Setia Alam. Looking at the subsale price now for MIMOSA, not bad though (@ 840k-850k) as it came with DIBS package previously.

The new project, CAFFRA should be launched as BTS (Build Then Sell) concept, not really sure why they changed the strategy by selling it now, before it gets 100% completed. However it’s an advantage for the purchaser because of the progress of the construction is already reaching more than 50% at this moment and they can really save a lot money, by not paying the progressive interest earlier.

CAFFRA Details

- Precinct 11 – 1.5km from Setia City Mall
- 100 units, fully fencing area
- 20 x 65, 2.5 or 3 Storey Link (depend on how you see the number of storey, for me it’s 2.5)
- 5 + 1 Rooms
- Build Up ~2330 sqft

Starting Price ~783k (indicative price)

My comments – it’s quite worthy for the price since MIMOSA (20 x 70) subsale already asking 840-850k. but CAFFRA has bigger built up although relatively short at 20 x 65. Furthermore, it’s already more than 50% completion.


 

SERRATA Details

- Precinct 11 – 1.5km from Setia City Mall
- 44 units, fully fencing area
- 32 x 72, 2.5 or 3 Cluster Semi D (depend on how you see the number of storey, for me it’s 2.5)
- 5 + 1 Rooms
- Build Up ~2700 sqft

Starting Price ~1.1mil (indicative price)