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Setl Group’s First Escrow Project – Sun City. Residences Low-rise Quarter – Enters the Market

2020 january 24

Setl Group is starting the construction of low-rise stages of the Sun City residential estate located south of Veteranov Avenue. The new 4-storey quarter Sun City. Residences will be a logical continuation of the project; however, it will differ from the previous stages in its architecture and appearance of its façades and courtyards, for which a landscape design has been developed. 

Sun City. Residences is the first Setl Group’s project that the company will be implementing using escrow accounts. This is a new method of buying housing in buildings under construction, which guarantees extra reliability of the transaction to the buyer: the buyer’s money is reserved in a special bank account and transferred to the developer only after the house is commissioned and the first real estate title is registered.

The first stage of the low-rise quarter Sun City. Residences consists of three houses with the height of only 4 storeys. They will be situated opposite the 6th building of the Sun City residential estate and the shopping mall, on the side opposite Veteranov Avenue. The courtyards of buildings 1.1 and 1.2 will be car-free, and inside there will be children's and sports grounds and updated recreation areas. 

Setl Group will design the quarter in the Scandinavian style: the façades will be decorated in soothing tones referring to the hushed colors of the northern nature and the Gulf of Finland, the coast of which is a stone's throw from here. These are pastel white and milky brown shades of the external walls, some of which Setl Group will highlight with porcelain gres. In the glazing of loggias, architectural glass is used, which, on the one hand, conducts light well into rooms, and on the other, has a solar reflective coating.

The design of the halls in the new quarter of the Sun City will also change, the industrial style so popular today having been chosen for them. Tiles of gray tones will appear in the halls, imitating concrete and reminiscent of the stones that the Baltic Sea has shaped. Cool shades of gray will balance the honey-colored wooden panels, accentuating the spaces of the entrance lobbies and the mailbox portals.

The environmental friendliness trend, minimalism and unity with nature will be supported by the exclusive landscape design that has been developed especially for the Residences. Hills and fill lawns, stone gardens connected by a network of ornate footpaths, and eco-friendly playgrounds for children with wooden equipment in neutral colors will appear in the courtyards.

Besides the traditional apartments, the low-rise quarter Sun City. Residences will also offer rare apartment formats to buyers: high flats with enlarged window openings and high ceilings, apartments with a window in the bathroom, as well as apartments with the possibility of installing a sauna. All apartments will be handed over to buyers after complete fine finish according to Setl Group‘s latest standard “Italian Collections” in two color gamuts to choose from: “Vanilla” and “Chocolate”. Special features of the decoration include heated floors in the bathroom, while in the rooms and in the kitchen a high-quality laminate with a pronounced texture will be laid.

Petersburg Real Estate is the exclusive broker of the Sun City. Residences project.

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Companies of Setl Group holding