go to the medium cost apartment; Baiduri, Jati etc.

mostly empty.

the shophouses nearer to the apartment have several units occupied but many many multiples of the shophouses across the road are empty....pity the investors .....

i wonder when will the 1N1H will shift from Bangsar to Bandar Setia Alam...maybe they will fill up some of the empty apartments

from 2011 news report.....

In a filing with Bursa Malaysia yesterday, SP Setia said the approval-in-principle was subject to terms and conditions to be agreed between Sentosa, the Public Private Partnership Unit (UKAS) in the Prime Minister's Department and the Health Ministry.

The proposed complex, to be known as the 1National Institute of Health (1NIH) Complex, is expected to be developed on 55.33 acres owned by SP Setia's wholly-owned unit, Bandar Setia Alam Sdn Bhd, in Setia Alam.

The complex will house the various national health institutes and relevant supporting offices and research centres under the ministry's purview which are currently situated on 40.22 acres along Jalan Bangsar and other parts of Kuala Lumpur.

In exchange, SP Setia will get the 40.22-acre Government land which it will redevelop into an integrated mixed residential and commercial project.

need more people who want to stay in Bandar Setia Alam rather than investors.

1NIH would be good but not sure when / if they will move in

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.

This used to be very active with daily comments.

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

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.

How about 1N1H which is under construction ?

Bump

Bump

Largest planned development in Malaysia ?

Asking price and selling price different

hopefully will fill up the baiduri, jati and other medium low cost apartment. say 5,000 staff, then i think 5,000 units required.

anyone got any idea how many units were sold by SP Setia?

successful malls tend to have a single owner who can control tenant mix.

if the individual unit owners do not have a congruent strategy on renting out, it will become a mish-mash hodgepodge of shop.

Individually owned units at Malls include; Summit, Sungai Wan Plaza. Berjaya Times Square (higher floors).

Single owner of Malls; One Utama, Sunway Pyramid, Pavillion, KLCC

Think about it.......

Check pkns for bung land

When is 1nhn suppose to finish construction?

Thanks

Anyone knows about the police station two blocks west of Trefoil ?

How big is it? A balai police station or more ?

This post has been edited by billyboy: Sep 25 2016, 09:09 PM

Any update on 1N1H at Setia Alam ? Build finish yet?

1N1H has been like on-off, on-off..😄

Thanks for the update kelchai....

I heard of a rumour that Bukit Aman 2 could be built same row as Trefoil....anyone can confirm or say this is nonsense?