Developer: S P Setia


by rizalhakim


by rizalhakim

This post has been edited by accetera: Jul 13 2016, 10:30 PM

I think its former SetiaNgle site. GPS: 3.002213,101.441705

RM4b Sales Target Achievable, Says S P Setia
Bernama | Thursday, May 19, 2016
http://www.themalaysianreserve.com/new/sto...e-says-sp-setia


S P SETIA Bhd is confident of achieving its sales target of RM4 billion this year, says president and CEO Datuk Khor Chap Jen.

He said the sales will derive from new property launches and existing developments.

“Both the Setia Alam and Setia Eco Templer developments, with a take-up rate of 86% and 88% respectively, are evidence that the underlying demand is still strong,” he told reporters after the company’s AGM in Shah Alam yesterday.

This year, SP Setia will be launching 13 projects comprising 8,200 units of landed property and high rise with a gross development value (GDV) of RM4.7 billion, said Khor.

Khor said subsequently, SP Setia will hold 11 more launches throughout the year, including KL Eco City in Bangsar with a GDV of RM444 million; Setia Sky Ville in Penang (RM477 million); Setia Trio in Klang (RM351 million); Setia Business Park II in Johor (RM127 million); and Carnegie in Melbourne, Australia (A$31 million (RM91.45 million)).

The next immediate launches will be the Setia EcoHill 2 in Semenyih with a GDV of RM512 million and Setia Sky Seputeh (Tower A) in Taman Seputeh (RM406 million).

On overseas ventures, he said in the Battersea Power Station development in London, SP Setia has launched as much as it could, with sales expected to be slightly slow.

“The Singapore market is also slow due to the cooling measures imposed by its government,” he said, adding the Australia property market, however, is showing strong demand.

SP Setia posted a pretax profit of RM194.3 million for the first-quarter ended March 31, 2016, on the back of a RM908.5 million revenue. — Bernama

This post has been edited by accetera: May 21 2016, 09:28 PM

Project thread title updated to reflect the official name.

Wah dat day I post Developer Ads in another project thread then thread kena deleted.

This post has been edited by accetera: Jul 23 2016, 11:37 AM

The density is high also...