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S P Setia is confident with Melbourne property demand

Posted in Property Australia

Most Malaysians I know love to visit Australia. It’s really apt that their two cities; Melbourne and Sydney is always among the world’s most liveable cities. Personally, I have been to Perth, Sydney and Melbourne. Total days spent in my Australian trips thus far is 32 days. I think my family and I enjoyed all three cities tremendously because it’s really well managed’ cleanliness, safety and connectivity. Even the roads are free from potholes! 🙂  Okay, I will save some money and travel there again in the future. It is also the top destination for Malaysian students when it comes to tertiary education too.This is why some parents are buying properties there for their children.

Many Malaysian developers have developments there too. Here’s an article about S P Setia in here. S P Setia Bhd’s president and CEO Datuk Khor Chap Jen said that the company is optimistic about the property demand in Melbourne, Australia. The resilient demand is reflected in the sales of S P Setia’s latest offering – Sapphire By The Gardens luxury integrated development, which has seen 95% of its residential units taken-up since its launch in June last year. He said, “There is a mix of buyers from Malaysia, Singapore, Indonesia and Australia as well as other countries. The integrated development concept and the strategic location in Melbourne city are the main attractions for the purchasers.”

He was speaking to the media after the ground breaking ceremony of Sapphire By The Gardens at its construction site at Exhibition Street today. This is also the S P Setia’s fifth and biggest project at Melbourne’s Central Business District. The development carries a GDV of A$960 million (approximately RM2.8 billion). Sprawled across a 4,140-sq m (1.02-acre) plot in the heart of Melbourne city centre, the “twin tower” development, which designed by Cox Architects and Fender Katsalidis, comprises two 60-floor towers with a sky bridge linking both towers that houses the 500-room Shangri-La Hotel in Melbourne, 345 luxury apartments as well as office and retail spaces. Meanwhile, Lord Mayor of Melbourne Sally Capp said Melbourne has attracted 13 million visitors in 2017. Full Article in here for reference yeah. Lots of other details about the developments too. Happy following.

written on 15th Oct 2018

Next suggested article: Four important points in investing into Melbourne property





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