This post has been edited by bradpit: Jan 27 2016, 08:45 PM

do understand bukit raja also can refer to mukim

the land to be developed is Lot PT8, PT9 and PT20090, Mukim Bukit Raja, Daerah Petaling, Selangor Darul Ehsan

Still have a lot space to develop in SA

yah so no need to rebut the existing lands like its out of land. wait for right time to go in cheers babe

serious?? what's the point of building another convention centre whereas BSA already have a super large convention centre right now?

personal view on convention centre which does not really bring any value to the SA residences

The existing one is too small to cater for large event. Look at Matrade at KL Metropolis City, can accumulate a few airplanes for exhibition

Thanks for sharing news

The only developer that can buy land next to Setia Alam is Eco World. Maybe Eco World has some new plan in hand. Bukit Raja has biggest land in hand and same goes to SP Setia. If this is a true story we can expect some good news then.

Thank for sharing this news but recent news I heard that other developer has bought over the land. But has not advertise in newspaper. Nothing much freehold land in klang valley. If I were looking for a new property in Klang Valley, the property price must shoot up very high. Subsale not worth it.

Well..very informative with this piece of land. I heard it bought over by other developer. How true we need to wait and see? Still the property price must be reasonable with current economic.The promotion must be attractive and some discount.

if there is a new buyer, it's have to be an announcement because boustead is a stock company.

guys i bought low kos house at sp setia under rumah selangorku. batch (sentosa) agreement and loan sign done on nov 2015. dev say this house will be complete on 2018. before this banker say i will need pay small amount and will increase depend on progression developer .. bank just call me today and say need to start pay ASAP rm185. my full payment per month 250 .. it is normal ?

Weird.

Call u and ask for payment.

Ask for proper documents or at least a bill to shows the details.

For any progressive payment, the bill will come in advance.....

thats int charged to you by bank as soon as dev hit certain progress

Any update on 1N1H project in SA?

Still got activity / under construction or stopped ?

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MainNews
S P Setia inks RM1.07b syndicated financing facilities agreement for Setia Federal Hill

By Hannah Rafee / theedgeproperty.com | December 9, 2015 3:51 PM MYT
Translated by Google Translator:
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S P Setia

PETALING JAYA (Dec 9): S P Setia Bhd, through its associate company, Setia Federal Hill Sdn Bhd, has just inked a RM1.07 billion syndicated financing facilities agreement with CIMB Investment Bank Bhd, Malayan Banking Bhd, AmInvestment Bank Bhd, Industrial and Commercial Bank of China (Malaysia) Bhd, for a land swap development transaction under the government’s Public Private Bank Partnership Programme.

“Setia Federal Hill will undertake the development of a new integrated health and research institute known as the National Institute of Health (1NIH) on a 41-acre land in Setia Alam, Shah Alam. The development comprises office buildings, health management institution, medical research centre, facilities block, a kindergarten and staff quarters,” said Datuk Khor Chap Jen, acting president and CEO of S P Setia Bhd and chairman of Setia Federal Hill Sdn Bhd at the signing ceremony today.

“In return, the government will provide Setia Federal Hill, a 52-acre site on Federal Hill for the development of a mixed residential and commercial project worth RM15 billion in gross development value (GDV). We expect the launch to be in 2017,” revealed Khor.

He added that the 1N1H is a particularly meaningful project approved by the government. The facility will also provide a conducive research environment for the health and research practitioners in the medical field.

Meanwhile, the group is striving to have up to 40% of its revenue coming from overseas sales next year, according to Choy Kah Yew, acting chief financial officer of S P Setia Bhd.

“We are hopeful to achieve up to 40% revenue from overseas projects, for next year. In terms of revenue, it is based on our turnover contributions. Our international projects are completion-based. So it is really about timing,” he revealed.

“Most of S P Setia’s projects overseas are fully sold, and are on track for their respective completions. For this year, approximately 70% of our revenue would derive from local projects, and the remaining 30% would be from overseas projects,” Choy said.

Some of S P Setia’s notable overseas projects include the on-going Battersea Powerstation in London and Fulton Lane in Melbourne, which was handed over in September 2015.

As at September 2015, the group’s overseas projects posted sales growth of 15.5% from the previous quarter. Sales from the £8 billion redevelopment of Battersea Powerstation and Singapore projects recorded an improvement of 7.7% (RM111 million) and 65% (RM53 million), respectively. Meanwhile, its local projects recorded sales of RM573 million.

The group is scheduled to announce its latest figures and sales target upon its forthcoming financial year-end, Dec 31, 2015.

Hi.. am looking for advice. Interested in getting a unit from Impian 7 cluster type. Anyone know if possible to get one around 700k? Cheers

This used to be very active with daily comments.

I wonder if they were finally hired away to other projects ;-)

good news for setia alam...pick up in pricing soon