After the acquisition of a 404 ha land in Ulu Langat for a mixed township development worth RM3.5bil, SP Setia has just announced its intention to acquire another piece of land in the area. The said land with a size of 269.3 ha is just adjacent to the earlier acquired land, which is located at Rinching, somewhere between Semenyih, Bangi old town and Beranang. This add up to a total land area of 673.3 ha.
Possible location of new SP Setia land at Ulu Langat
After the tremendous success of Setia Alam/Eco Park township, SP Setia is planning to duplicate the success in this new township at the Kajang-Semenyih corridor. The place is very near to Negeri Sembilan. Previously people may say that Semenyih is "ulu" and Bangi is too far from KL to have any significance in term of property investment. But now, the tide has come to these area, and also perhaps Dengkil, Banting, Sepang in the near future.
Can SP Setia successfully transform the land into a thriving and happening township? I believe that it can, with its track record, strong financial background, supreme brand name and the link with the government.
The property sector is poised for a downturn in the near future, I wonder when will SP Setia launch the first phase of this new development. The residential units in the township is said to be more "affordable" with the aim to let first time house buyers owning a house. Anyway, if it is going to launch now, I think the respond should still be overwhelming, with people queuing overnight. What to do? It's SP Setia.
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