Lately hard to find a parking lot... let me get one here first

Wah susah lah nak kawan dengan you

Exclusivity is good but it's subject to financial sustainability as well. If membership is open to public, I think should set a strict quota.

Not going to write long... how possible it's going to be a talk-only project if it has already been launched and sold? Any precedent SPS fail to complete any project? afaik the answer is NO.

You have insider news? 🤔

SPS balance sheet is strong leh

Hehe... still it's a big sum if we take into account the maintenance of the landscaping besides the club membership and if without strong balance sheet it's really hard to swallow for long.

The Kesuma-link road involves other land owners as well if I'm not mistaken, so a bit out of EW's hands.

I don't know leh

A Peppy Jolly April


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PNB to merge SP Setia, I&P Group to form one of Malaysia's largest property players

http://www.theedgemarkets.com/article/pnb-...roperty-players

It finally happens!!!
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SP Setia also entered into a conditional sale and purchase agreement to acquire a parcel of land, measuring 342.5 acres, located in Bangi, Selangor, known as Bangi Estate from Seriemas Development Sdn Bhd, a subsidiary of PNB.


This post has been edited by Jasoncat: Apr 14 2017, 01:11 PM


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Boss, I also half past six only woh...
The merger may be just the part one of two - Sime Property (and probably E&O too) could be the other missing piece to form the mega developer once Sime Darby completed its corporate restructuring exercise.

Ah btw, the Bangi-Kajang-Semenyih area will continue to Ong...

Regret not buying enough earlier?
Lol.

Finally got people acknowledge the job prospects of a teaboy... 😭 very gam dong... TQ Samkor...
Bro I don't dare to cari makan at your territory...

This post has been edited by Jasoncat: Apr 14 2017, 10:23 PM

Apa macam dai lou GVH... happening mou?

SP Setia to launch differential sum loan scheme

Source: http://www.theedgemarkets.com/article/s-p-...sum-loan-scheme

KUALA LUMPUR (April 19): Property developer S P Setia Bhd is launching its Setia Express Advance Loan (SEAL), a differential sum loan scheme that offers interest rates as low as 5.5% per annum and up to 30% of the intended property purchase price.

This is an innovative move by the developer in response to market challenges, the company said.

In a statement today, S P Setia said the scheme enables eligible purchasers of completed S P Setia properties to bridge the financing gap between purchase price and purchaser's end financing loan amount, providing them with a convenient and hassle-free solution for buyers to own their desired homes.

"In providing further financial flexibility, SEAL offers a 36-month repayment period and no penalty charge will be imposed on buyers, should they choose to settle their loan amounts earlier," the company said.

For interest of 5.5% pa it's better than personal loan.

Yeah "up to 30% of the intended property purchase price" appears to me is to target those purchasers whose loan capped at max 70% due to 3rd or more properties.

One thing intrigue me is that I suppose the loan given out by SPS is unsecured one, so I believe the selection criteria could be quite strict and probably for higher end product.

"...enables eligible purchasers of completed S P Setia properties to bridge the financing gap..."

Completed property woh... btw whether completed or uncompleted still the same leh the risk to SPS.

This post has been edited by Jasoncat: Apr 19 2017, 05:11 PM