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

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

why do you say that ?

i was checking with PKNS - quite a number of their Anggun super-link still unsold. of course bumi lots only.

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

Is that true that they will be new launch for type Semi-D at Setia Alam?

Yeap, perhaps in one or two months time will be the 4th phase launch. Anyway, there are still some semi D units not taken from previous launch, can go and have a look if interested.

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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.

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“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.

Last week I went to their office but only left cluster Semi-D around RM1.1mil. I'm looking at something bigger.

How big r u looking for?