is the company SP Setia?

word is that Liew is joining Eco World.

After Liew leaves, all Setia will him follow him.

Based on Michael Porter theory, Liew leaving will have little impact to the company.

Cos SP Setia is dealing with Land which is something that cannot be manufactured. Current Land Banks of SP Setia are still solid, can last many more years, some say perhaps up to 10 years.

So long as the QC and design is not totally cacat, they will still attract buyers.

Do u care if Liew was the CEO or someone from PNB when u buy your property from SP next time?

Its not like a Restaurant, Chef leaves and so will customers.

isn't the wiring word done by Indon / Bangla these days?

SP Setia was relatively a mid-sized developer in Puchong.

Some years ago, they bough a huge piece of Oil Palm Land on the way to Klang from See Hoy Chan.

At that point in time, some people said

1) See Hoy Chan made good profits from selling the Land to SP

2) SP sees something that See Hoy Chan did not

This project was the turning point of SP Setia.

Point to note - Never Sell <Land / Products> to your competitor.

This post has been edited by cfa28: Jan 22 2014, 01:04 PM

but See Hoy Chan is a cash rich company. They do Build Then Sell for their 1U projects. Hardly in need of urgent cash. Bet they are regretting their decision.

Its not my mindset but the general perception that the construction industry is heavily reliant on foreign (cheaper) labour. Granted some more technical areas requires people with higher skills.

Perhaps SP Setia employs qualified 'Wire Men' to do the wiring. But this is hardly a competitive advantage. In Property, key success factor is Land Bank. Unless PNB screwes up BIG TIME, Setia Walk, Setia Eco Park will continue to draw buyers in the future.

You cannot make Land. Granted Liew will have connections to get Land but will the location be as good? Granted he had foresight to buy the Land from See Hoy Chan back then but to replicate such success again will not be so easy.

Yep, he has a Grand Vision for Setia Alam and Setia Eco Park, Thought there should still be land enough to develop for > 5 years.

I thought Liew inherited the Company from his dad. SP Setia developed Pusat Bandar Puchong and build their good track record from there. Of course, Setia Alam / Setia Eco Park was their turning point.

to the contrary, they are very SETIA to the CEO of the company.

Okay. My ex-coliq told me a different story many years ago. Learn something new today.

But I am sure that Liew already saw today coming when PNB 'took-over SP'. Heard that the takeover was very unfriendly and it was only a matter of time for the Wayang Kulit to play out.

If SP Setia had no 'Land Bank' there will be no 'Master Plan / city inside green lung' to speak off. Don't get me wrong, I give full credit to Liew for his Vision and Drive.

Lets see whether he can replicate it in Eco World.

PNB ppl believed in Porter's theory that with Land being a Finite Asset, Liew can never be a threat to them.

Plus PNB also thinks that since the days of Sime Darby, etc, they have ample Property Guys to takeover.

Lets see how things play out over the next few years.

This will not happen as long as PNB is the major shareholder

Actually its neither 1 or 2, its 3

its PNB bring in their own people with a different working culture altogether.

Existing projects will still continue - BAU but for new Projects will see a new direction and approach.

Wheher it works or not, only time will tell.