Mar 10 2024, 04:11 PM, updated 2 months ago
S P SETIA BERHAD
Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 24 Apr 2025
Thursday
Time 10:00 AM
Venue(s)
Function Room 1,
Setia City Convention Centre
1, Jalan Setia Dagang AG U13/AG,
Setia Alam, Seksyen U13
40170 Shah Alam,
Selangor Darul Ehsan
SP SETIA BHD announced a quarterly dividend of RM 0.0288 per share.
The dividend is payable on 15-Apr-2025,
while the ex-date will be on 17-Mar-2025.
SP Setia unit to buy land in Johor for RM169.26m, planned GDV RM1.5b
D Grande
Bukti indah
Jalan indah 14/1
46*75 = 3,450 sq.ft
5+1 bedrooms
4 bathrooms
RM 1.7 million
Fenix Villa
60*120 = 7200 sq.ft
Clymer | 20' x 70' |
Hazelton | 22' x 70'
SETIA INDAH JOHOR
Operating Hours:
Monday – Friday :
9.00am – 6.00pm
Saturday/Sunday & Public Holidays :
10.00am – 6.00pm
Address:
Wisma S P Setia
1, Jalan Setia 3/6,
Taman Setia Indah,
81100 Johor Bahru,
Johor.
DOUBLE STOREY ECO HOMES
HAZELTON
- Private Pool House lets you indulge in various facilities.
- 20-foot rear gardens keeps nature close to your residence.
- Extra spacious and versatile layout design for big families.
- Ample living spaces at the Ground and First Floor.
- 4 en suite bedrooms for added comfort and privacy for each member of family.
DOUBLE STOREY ECO HOMES
CLYMER
Lavish Club House lets you indulge in various facilities.
- 20-foot rear gardens keeps nature close to your residence.
- Timeless facade with contemporary living lifestyle.
- 4 Bedrooms with rectangular layout for ease of furnishing.
- Unique light box chimney design for sense of intimacy in the neighbourhood.
- Spacious master bedroom comes with en-suite bathroom and entertainment living space to relax.
259-acre Setia Eco Cascadia township
09 Sep 2010
KUALA LUMPUR: SP Setia Bhd’s unit is buying 259.1 acres of land in Johor for RM169.26 million cash to replenish its land bank as the Setia Indah Johor development was at its tail-end.
S P Setia said on Thursday, Sept 9 its unit Setia Indah Sdn Bhd had entered into a conditional sale and purchase agreement with from
Kelana Ventures Sdn Bhd,company owned by tycoon Tan Sri Syed Mokhtar Albukhary
https://theedgemalaysia.com/article/syed-mo...wap-deal-mindef
to acquire the land.
Based on a preliminary feasibility study and revised layout plan, the proposed development is expected to have a gross development value of RM1.5 billion.
Development was expected to start by end of 2011 and span over 8 years.
“However, it is currently too preliminary to ascertain the total development cost, the expected completion date of the development and the expected profits to be derived from the development of the land,” it said.
S P Setia said the acquisition would be wholly in cash from internally generated funds and/or external borrowings.
It said the acquisition would enable the company to continue to benefit from the strong branding it had achieved in that locality. It is also in line with the group's wider strategy of continuing to acquire strategically located prime land in Johor Bahru, it said.
The company said site was near other matured developments such
as Taman Mount Austin and Taman Daya
and hence also offered several important advantages, in particular the sustained potential demand from upgraders in the area desiring to move-up to larger, newer and better designed houses.
“Another source of demand is from young adults planning to move out of their parents' homes without having to leave the comforts of the local support network that they have grown accustomed to.
“Further, the existing population of the surrounding matured housing projects will also form the core catchment area for the proposed development's commercial components,” it said.
S P Setia was confident that the proposed development of mixed residential and commercial project on the land would be well received, and contribute positively to its future earnings and cash flow.
“The proposed development will also ensure S P Setia's continuing presence and efforts in building residential properties in Johor,” it said.
S P Setia acquires land in Johor
January 28, 2011
KUALA LUMPUR: Top property developer S P Setia Bhd is purchasing a 265.7 acre piece of land in Johor Bahru for RM125.78 million, it told the local bourse on Friday, Jan 28.
Its unit Setia Indah Sdn Bhd had on the same day entered into a conditional sale and purchase agreement with Kenyalang Property Development Sdn Bhd for the acquisition, which will be developed into a mixed residential development project.
"The said land is situated in the Tebrau corridor, which is a fast growing area in Johor given increased development activities and new property launches as housing demand has spilled over from the congested Johor Bahru city to this corridor. The group's matured Setia Indah Johor township is located approximately 10 minutes from the land," it added.
The amount is calculated at the rate of RM11 psf based on a net land of 262.519 acres after excluding approximately 3.2 acres reserved for water pipeline.
In a separate media statement, its president and CEO Tan Sri Liew Kee Sin said the group is looking forward to taking advantage of the exciting happenings in the Iskandar Malaysia region to further broaden and deepen its already dominant position in the state, with about 1,500 acres of undeveloped landbank in Johor Bahru following this latest acquisition.
The developer believes that the robust Singapore economy will see a more sustainable rate of growth of 4% to 6% and create positive spill-over effects for Johor Bahru.
"The acquisition is in-line with the group's strategy to continue to grow and strengthen its presence in Johor Bahru. The land's location within the Tebrau corridor where the S P Setia has established a strong following enables it to tap further into the sustained potential demand from upgraders comprised within the group's own customer base and the surrounding matured residential areas," he added.
S P Setia Berhad has been present in Johor for more than 13 years since 1997 and has carved a solid reputation for delivering quality homes in its 4 ongoing projects, namely
Bukit Indah(Skudai),
Setia Indah (Tebrau),
Setia Tropika (Kempas) and
Setia Eco Gardens (Gelang Patah).
The group's long presence and continuous efforts to create value for all its integrated townships in Johor have resulted in numerous local and international awards along with consistently strong sales.
Arguably a good location. The land is situated in the Tebrau Corridor, a fast growing area in Johor given the increasing number of developments and new property launches. It is located immediately north of and adjacent to the Group’s mature Setia Indah Johor township.
Other projects in the vicinity include
Taman Mount Austin and Taman Daya.
In addition,
Taman Impian Emas,
Taman Anggerik and
Taman Sri Putra
are located along Jalan Maju Jaya,
which is towards the south-west of the land while
Taman Impian Jaya is located north of the land.
[UPDATE] S P Setia strengthens presence in Johor, to launch properties with a total GDV of $182 mil this year
4 June 2023
An artist’s impression of the entrance to Callista Green in Taman Rinting (Photo: S P Setia)
SINGAPORE (EDGEPROP) - Johor’s real estate market appears to be on an upward trajectory, prompting developers to launch more projects this financial year, according to industry experts.
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Attesting to the optimistic outlook, S P Setia Bhd plans to grow its presence in the southern region with a slew of launches worth a total gross development value (GDV) of RM618.76 million ($182 million) in FY2023.
The property group has been making its mark in Johor with its diversified high-rises, townships, mixed-use developments and commercial centres since 1995. As at December 2022, the group had 8,489.16 acres of land bank in the state with a total GDV of about RM28.1 billion.
Its well-known projects there include nine masterplan townships and developments in Bukit Indah in Taman Bukit Indah, Iskandar Puteri; Setia Eco Cascadia in Tebrau; Setia Eco Gardens in Gelang Patah; Setia Indah Johor; Setia Tropika; Setia Business Park I and Setia Business Park II; Taman Perling; Taman Rinting; Taman Pelangi; Taman Pelangi Indah I; Taman Industri Jaya; Mukim Tanjung Kupang in Iskandar Puteri; and Mukim Serkat in Pontian.
“There has been a tremendous change [in the southern region’s land- scape] since we entered the Johor market with Bukit Indah,” recalls its divisional general manager Saniman Amat Yusof, who himself is a resident of Bukit Indah.
Saniman: We are focused on rolling out our bread- and-butter products in the region, which are mainly landed residential properties (Photo: S P Setia)
“Back then, especially in the early 2000s, things were very different, and values have since appreciated ... prices were roughly RM200,000 for landed homes back then but now, they are priced at RM700,000 [on average]. We didn’t have good internet connectivity, had limited accessibility [but are now connected to a network of highways, including the Eastern Dispersal Link (EDL), Lebuhraya Persisiran Pantai (Coastal Highway), PLUS Expressway and the Second Link Expressway]. It was not as vibrant as it is today in terms of retailers and facilities,” he tells The Edge Malaysia during a Microsoft Teams meeting.
“I hardly leave the township for anything else because everything is easily available here. My family is quite pleased as well and my children’s schools are nearby. We would like our customers in Johor to experience the same level of convenience at all our townships, aligning with our tagline of ‘live, learn, work, play’.”
In 1995, S P Setia acquired 900 acres of land from UEM Land (now UEM Sunrise Bhd) and developed it into a planned housing estate. In 2000, the group bought another 300 acres of land for development purposes.
Previously an oil palm estate, Bukit Indah has grown into a vibrant and green settlement spanning 1,521 acres with a total GDV of RM5.2 billion.
The township is now home to about 60,000 people, who live in more than 10,000 houses.
“This was our first project in Johor, even before Iskandar Malaysia was mooted. It proceeded to win the Johor State Landscape Award 2001, the National Landscape Competition 2001 and the Best National Landscape Award 2005.
Bukit Indah is strategically located in Iskandar Malaysia and is only minutes away from Johor Baru,” says Saniman.
The property group plans to build on this momentum and establish more developments in their masterplans in the southern region over the short and long term.
Saniman says S P Setia’s plans to roll out a few projects in FY2023, namely Adonis at Taman Rinting; Hazelton and Clymer at Setia Eco Cascadia; Palmwood at Taman Pelangi Indah; and Maple & Pine (Phase 2) at Setia Eco Gardens.
An artist’s impression of Adonis in Taman Rinting (Photo: S P Setia)
Appearing sanguine about the upcoming launches in the southern region, Saniman elaborates on the group’s overall plans. “We are focused on rolling out our bread-and-butter products in the region, which are mainly landed residential properties [priced from RM600,000], and we are confident they will perform well.
The key is to price the products well, even though we are mindful of the rising construction costs [which remains a challenge] and other market factors.”
He adds that a way to overcome this is by simplifying the design of the units.
“We have been injecting more eco-themed, sustainable elements and smart home features, and even allocated spaces for solar panels, rather than adding more elements that are costly. There are alternative smart ways to enhance a home while minimising the overall cost and maintenance.
“So far this year, we have launched cluster homes, Calliandra in Setia Tropika;
we also plan to launch Longevia at the same township next month.
The response has been really good as they are fully booked. We have also launched super link terraced units in Taman Pelangi Indah, which are also fully booked, followed by Clymer and Hazelton (Phase 2) in February and more units in Taman Rinting.”( 81750 Masai Johor)
Saniman also mentions details of upcoming launches, particularly Adonis, which is sprawled on an
831-acre parcel in Taman Rinting
and comprises two-storey terraced houses and semi-detached homes.
“We are launching 60 units of Desiran 2 (20ft by 70ft) at Adonis, which have a total GDV of RM43 million, in October. The units will be priced from RM720,000,” he says.
“We will launch 2-storey terraced homes Clymer and Hazelton (specifically subphase Alluvia Phase 3 and Phase 4) in Setia Eco Cascadia, which will account for a total GDV of RM147 million, in 1Q2024. The units will be 20ft by 70ft and 22ft by 70ft, and priced from RM754,800.”
In September, S P Setia will unveil Palmwood — specifically Palmwood 2 (51 units) — in Taman Pelangi Indah that will have a total GDV of RM45 million. The 28ft by 65ft units will be priced from RM845,200.
“We will also launch Maple and Pine (Phase 2) in Setia Eco Gardens. They will comprise 124 units on 765 acres of land and have a total GDVof RM69 million. Maple 2 [20ft by 65ft] and Pine 2 [18ft by 65ft] homes will be priced from RM616,000 and RM533,000 respectively.
“We have another undeveloped parcel in Taman Pelangi Indah 2[ 81800 Ulu Tiram,
Johor Bahru ]
[of more than 900 acres]. We also have a 300-acre tract in Tanjung Kupang that has been earmarked for industrial development in the long term.”
This post has been edited by plouffle0789: Oct 24 2025, 01:35 AM
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