Amidst the lacklustre residential marketplace in Singapore, strong sales in the biggest cities in China has improved the earnings ofContinue reading »
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.Continue reading »