KUALA LUMPUR (June 13): Avaland Bhd (KL:AVALAND) officially launched its latest high-rise residential development, Aetas Seputeh, on Thursday in Seputeh, Kuala Lumpur. At the launch ceremony of the development, Avaland chief executive officer Apollo Bello Tanco revealed that Aetas Seputeh has been 50% taken up thus far.
With a gross development value of RM504 million, Aetas Seputeh comprises 126 units in two towers — a 46-storey Tower A and 38-storey Tower B — and occupies a 1.57-acre plot.
Typical unit built-ups are from 3,500 sq ft, while the penthouses have built-ups of up to 14,869 sq ft. The selling price starts at RM950 psf and the maintenance fee inclusive of the sinking fund is 50 sen psf.
There will be two units per floor, and each unit will have its own private lift foyer.
Aetas Seputeh is the developer's second project under the Aetas series. “We launched Aetas Damansara [in Petaling Jaya] back in 2021, at the height of the pandemic. It has been a major success thanks to its thoughtfully designed layout, outstanding design and location. The project has been 100% sold," Tanco said in his opening address.
“Buoyed by the success of Aetas Damansara, we carefully curated Aetas Seputeh by incorporating the award-winning and highly desirable features of Aetas Damansara. [Essentially], Aetas Seputeh blends urban living, local charm and luxury.”
Tanco highlighted that Aetas Seputeh has received the GreenRE Platinum Provisional Certification. Some of its green features include LED lighting in common areas to reduce 64% of power consumption, water-efficient fittings in units and rainwater harvesting system for landscape irrigation.
Facilities in the development include an infinity pool, a jacuzzi, a kids pool, lounge areas, a gymnasium, a yoga pavilion, a private function area and a private kitchen.
According to the developer, it plans to complete RM1.7 billion worth of projects in the next 18 months and launch a few more projects this year including Anja Residences & Signature Retail mixed-use development in Bangi, Selangor.
