S P Setia Berhad – Firm Review

S P Setia KL Eco City Price Berhad is recognised as Malaysia’s leading listed real estate player with an established history of innovation-driven and standard-setting developments. The Group’s strength lies in its prowess in creating surroundings that are purposeful predicated on its development doctrine of Live Learn Work Play.

The developer has built a solid foundation in Malaysia offering an extensive product range including townships, eco safeties, luxury residences, business parks, commercial and retail developments.

Incorporated in 1974, S P Setia started out as a construction company and was listed on the Kuala Lumpur Stock Exchange (now Bursa Malaysia) in 1993. To property development it refocused its core business in 1996 with supporting businesses in infrastructure construction and wood -based production.

Award winning Developer

S P Setia is the sole Malaysian developer to be recognised six times from the International Real Estate Federation (FIABCI) for three Finest Master Plan Developments, one Best Residential (Low Rise) Development, a Specialised Job (Purpose Built) and a Greatest Retail Development award. The Group has garnered eight FIABCI Malaysia Property Awards.

This feat has not been achieved by any other developer since the inception of the awards.

A Growing International Presence

In the past seven years, the Group has also spread its wings to Australia, Singapore, Vietnam and more recently the Uk.

In Singapore, S P Setia established an office in 2009 and two years after, the Group obtained a 29,440 sq ft site to develop a high rise condominium called 18 Woodsville. The successful start of the project spurred the developer to get another parcel of land for the luxury high-rise project of Eco Sanctuary.

Fulton Lane’s successful launch spurred S P Setia to look at more chances in Melbourne and the Group got another piece of land, this time on the upmarket St Kilda Road, additionally in the City of Melbourne for its Parque project.

In April 2012, S P Setia was encouraged by the Malaysian Authorities to lead the Malaysian association formed to jointly develop the China-Malaysia Qinzhou Industrial Park (QIP). In September Battersea Power Station was got by S P Setia together with the Employees Provident Fund and Sime Darby via a joint venture association.

Driving the Malaysian Property Sector

S P Setia appreciates a powerful presence in the state of Selangor, Malaysia through its flagship projects, the 2,525-acre Setia acre – Alam and 791 Setia Eco Park. In town of Kuala Lumpur, the developer has assembled three high-end projects which are Duta Tropika Duta Nusantara and Setiahills.

Leveraging on the strong demand for commercial and investment level properties, S P Setia has also grown into the commercial sector with projects for example SetiaWalk, the Group’s first maiden retail mall project, Setia Avenue called the forthcoming KL Eco City along with Setia City Mall. The futuristic KL Eco City using its focus on sustainable development will function as a nexus of commercial, residential and recreational interests for the estimated six million inhabitants of Selangor and Kuala Lumpur.

S P Setia is also well established three other key economic regions in Malaysia, in the state of Penang, Johor and Sabah.

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{New Jurong Innovation District to boost property demand

New Jurong Innovation District to improve property demand

Jurong Innovation District resize

Source: JTC

“(The) absence of developments to market cooling measures was expected as the government has communicated its concern that premature easing of market cooling measures might cause a market rebound,” said Tay Huey Ying, Head of Research, JLL Singapore.

CBRE Research expects the government to keep on monitoring the residential market.

“(The) new precinct in the northwestern part of the isle embodies the ‘live, work, play, learn and create’ notion.

“The development of the JID will see the currently drowsy Jurong West locale transformed into a thriving hub of action. As the development of the JID takes shape, we can anticipate demand for real estate which range from dwellings, offices, retail, hospitality and industrial to gem residences rise, and along with this, an overall rise in property values in and around the JID,” noted Tay.

Meanwhile, analysts are excited about the future development of the Jurong Innovation District (JID). Phase one is expected to be ready in 2022.

She included: “It would also activate private sector interest in real estate development and investment, and thus, we can expect to see a heightened degree of activity in this locality in time to come. Possibly, the Government Land Sales (GLS) programme might soon start to include land tracts in and around the JID to kick-start the transformation.”

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Specialists share suggestions for Fresh Start Housing Scheme

Experts share suggestions for Fresh Start Housing Scheme

The Fresh Start Housing Scheme is targeted at families with young kids.

Pros expect the 2016 Budget, that will be announced this Thursday (24 March), will solve some current problems with the Fresh Start Housing Scheme, reported Channel NewsAsia.

This scheme helps HDB renters buy their own flat, with individuals who previously owned a dwelling, and a focus on families with young kids.

But a key problem is fine tuning the eligibility criteria to make sure that such help is really deserved by the beneficiaries, said DTZ’s Research Head Lee Nai Jia.

“I believe this is a remarkable scheme. The essential problem is how we’re going to identify this group as well as their income ceiling, and (how we are going to define) the type of benefits to give this group.”

According to Saktiandi Supaat, member of the Government Parliamentary Committee for National Development, the system provides another chance to families now leasing a HDB flat, particularly those who were forced to sell their first unit due to an unavoidable problem.

Nonetheless, the support should take into consideration the different circumstances of each family.

“There might be more support in terms of grants and there could also be some states for the grants to be disbursed,” said Saktiandi. For example, families would first need to show proof they have the resources to pay for the new flats.

Apart from providing the actual house as well as grants, it’s also important to educate families hillview peak condo about responsible homeownership, financial management, and tasks to maintain their kids in school, clarified the Fei Yue Family Service Centre.

“We don’t want hillview peak to come to a point where they’re on the scheme, and then there is a drawback, and they’re penalised or thrown out of the scheme,” said the centre’s main social worker, Lilian Ong.

“We could introduce some kind of readiness or transitional programme to ready the whole family for this”, and this should run for six months, she said.

The Ministry of National Development and also the Housing Board have held public consultations on executing the scheme, to collect suggestions. The comments includes provision of shorter leases and more grants, along with concessionary loans.

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China improved the earnings of local developers

Amidst the lacklustre residential marketplace in Singapore, strong sales in the biggest cities in China has improved the earnings of local developers, reported Nikkei Asian Review.

For example, CapitaLand’s sales soared by 21.3 percent year-on-year to US$3.41 billion (S$4.73 billion), driven by solid residential transactions in China. In spite of the nation’s softer economy, sales rose two-fold to US$2.36 billion (S$3.27 billion).

City Developments Limited (CDL), another leading developer, has also reaped rewards for venturing into essential Chinese cities.

For the 2015 financial year, CDL China sold 13 villas in Shanghai and almost 700 units in Suzhou, with total sales amounting to 1.6 billion yuan (S$340.74 million). The firm’s net profit inched up 0.5 percent last year to S$773.3 million.

“There have been hints of development, with increased buying activity in certain cities for example Shanghai and Suzhou after the government lifted several cooling measures and comfortable loan restrictions in 2015,” CDL said in a statement.

While the Chinese economy isn’t as lively home builders have gained by focusing on first-tier cities, like Shanghai and Beijing, which are finding higher growth compared to the rest of the state.

Based on Joe Zhou, JLL’s Research Head for China, “residential sales volumes across 20 major cities in China shot up by 28 percent in 2015. Prices in Tier 1.5 and 2 cities are also gaining momentum”, but third- and fourth-grade cities are still saddled with surplus supply.

The Chinese prefer to invest in first-tier cities as the quality of the properties there are usually superior to those found in other urban areas. Additionally, there is small investment opportunities in the country, clarified David Ji, Knight Frank’s Head of Consultancy and Research for Greater China.

Chinese cities are categorised into grades based on their population, gross domestic product and other variables.

Extras: T Space Tampines | Parc Life EC | Centrium Square

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MCL Land

MCL Land is a leading property group in Singapore. An associate of the Jardine Matheson Group under HongKong Land Holdings, MCL Land has a long history of building quality homes in Singapore and Malaysia over the last 40 years. The developer is a premier and property group that is reputable, equally devoted to growing shareholder value and supplying exceptional customer satisfaction for property Lake Grande Condo

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