PARIS (June 10): S P Setia Bhd has clinched two gold awards at the International Real Estate Federation (FIABCI) World Prix d’Excellence Awards 2022 held on June 9 in Paris, France.

This year’s win makes S P Setia the Malaysian developer with the most FIABCI World Gold awards, with 15 under its belt.

The winning projects were KL Eco City (KLEC) in Kuala Lumpur, which bagged the top accolade in the Mixed-use Development category and Setia Marina 2 of Setia Eco Glades, Cyberjaya, which was honoured under the Residential (Low-Rise) category.

S P Setia president and chief executive officer Datuk Choong Kai Wai noted that the recognitions of KLEC and Setia Marina 2 in the international realm are a testament to the strength of its products in meeting the aspirations of homeowners, property buyers and communities.

“We are truly honoured to be awarded for our commitment in delivering thoughtfully planned developments anchored on our LiveLearnWorkPlay development philosophy and our continuous effort in operating along the environment, social and governance (ESG) pillars,” he said.

“As lifestyles and demands have changed over the years, especially after the Covid-19 pandemic, property development is now not only about building homes that support sustainable lifestyles, but also uplifting communities in and beyond our developments through creating sustainable business opportunities,” Choong added.

Both KLEC and Setia Marina 2 have previously won the Mixed-use Development and Residential (Low-Rise) categories at the FIABCI Malaysia Property Award 2021.

PETALING JAYA: S P Setia Bhd is upbeat about the outlook of the property market for 2022, which is already on a positive momentum as the Malaysian economy continues to recover.

In the group’s latest annual report, chairman Tan Sri Syed Anwar Jamalullail said the company is well poised to ride on this positive momentum, backed by its portfolio of quality projects, sound operating fundamentals and strategic planning.

“The outlook for 2022 appears promising, with the vaccination rate for Malaysia’s adult population nearing 100%, coupled with the full reopening of the country’s economy and international borders.

“In February, we announced our first venture into healthcare, which is a rapidly growing business, after signing an agreement with Qualitas Medical Group Sdn Bhd to develop and operate an ambulatory care centre in Setia Alam, Shah Alam,” he pointed out.

Syed Anwar said thie new business would complement S P Setia’s strength and help diversify the group’s income.

“Looking forward, we will continue to focus on aligning our strategies to the evolving trends in the industry. Our priority is to deliver greater value to all our stakeholders.

“Nevertheless, we remain vigilant on the risks posed by rising raw material costs and possible negative implications from the Ukraine-Russia war,” he said.

S P Setia achieved a record year in terms of sales of RM4.26bil in its financial year ended Dec 31, 2021 (FY21), outperforming its target of RM3.80bil and making the group the top property developer in the country in terms of sales.

“The solid sales achievement translated into revenue of RM3.76bil, which is a year-on-year growth of 17% and a commendable pre-Covid-19 level pre-tax profit of RM542.5mil,” S P Setia said in a statement on its FY21 results.

Its fourth quarter ended Dec 31, 2021 saw the group more than doubling its year-on-year net profit to RM123.3mil on revenue of RM1.03bil.

In conjunction with its results, the group declared a final dividend of 0.65 sen per share as well as preferential dividends of 6.49% and 5.93% per annum, respectively, for its Islamic redeemable convertible preference shares A and B for the financial period.

Moving into FY22, S P Setia said it anticipates a better economic environment in Malaysia, with growth supported by improvements in global trade, strong commodity prices and an increase in private-sector expenditure.

“Although headline inflation is expected to increase, the improvement in overall income, employment conditions and consumer sentiment are expected to lift consumer spending.

“This bodes well not only for the property sector, but the group stands to benefit as well.”

S P Setia has set a sales target of RM4bil for FY22, including RM3.6bil in domestic and RM400mil in overseas projects.

Internationally, its new launches would be coming from Vietnam as the group’s properties in Singapore and Australia have already sold out. It is also exploring additional land bank in Australia.

PETALING JAYA (May 11): S P Setia announced the top six winning artists for its Setia KARYA hotel art campaign contest on Tuesday (May 10) during the judging walkthrough and winners’ announcement at Setia SPICE Convention Centre in Penang.

The contest, which ran from 5 March to 30 April 2022 received 178 artworks submitted by 150 local artistic talents of all ages, of which 20 are of special needs background.

The event was attended by the Penang Chief Minister Chow Kon Yeow who was also part of the contest’s judging panel, along with representatives of Setia KARYA’s supporting bodies such as the Penang Art District, Penang State Art Gallery, Island Gallery, Malaysia Institute of Art and Malaysian Association of Hotels.

“I would like to commend S P Setia and the organising partners of Setia KARYA for initiating a meaningful campaign which has provided a platform to nurture aspiring Malaysian artists of all ages and from all walks of life to showcase their creativity, especially for the underprivileged and those with special needs,” said Chow.

S P Setia deputy president and chief operating officer (COO) Datuk Seri Koe Peng Kang said that the Setia KARYA campaign is a part of the developer’s commitment to environmental, social and governance (ESG) and corporate social responsibility initiatives.

Furthermore, the creative artworks will be displayed in the hotel rooms of the upcoming Amari SPICE Penang and Amari Kuala Lumpur.

“With this campaign, I hope that these talents will be discovered and given better opportunities in the arts and culture industry moving forward as they will be seen not only by fellow Malaysians but also international tourists from around the world who visit our upcoming Amari hotels,” said Koe.

“As we saw a great response from the participants for this very first edition of Setia KARYA, we may consider having the next edition in the near future,” he added.

Participants of Setia KARYA were evaluated for their techniques and creativity based on the themes ‘Vibrance of the Orient’ and ‘Vivarium of the East’ for Amari Kuala Lumpur. There are six top winners (each prize has two winners). The First Prize winners will bring home RM12,000 cash prize each, the Second Prize winners will receive RM9,000 each and Third Prize winners will get RM7,000 each. Meanwhile, 69 consolation prize winners will receive RM3,000 each.

The top six winners as per the table below:

Naib Presiden Eksekutif S P Setia, Datuk Yuslina Mohd Yunus berkata, baucar barangan keperluan sekolah bernilai RM200 termasuk dua set pakaian sekolah dan sebuah beg sekolah diberikan kepada lebih 960 pelajar dari enam buah sekolah di Selangor kepada Jabatan Pendidikan Negeri Selangor (JPNS).

Yuslina
Menurutnya, antara sekolah yang mendapat manfaat tersebut ialah Sekolah Kebangsaan Pulau Indah, Klang dan Sekolah Kebangsaan Sungai Lui, Hulu Langat.

Selain itu, sekolah lain seperti Sekolah Kebangsaan Taman Sri Muda; Seksyen 25, Sekolah Kebangsaan Taman Sri Muda 2, Sekolah Kebangsaan Padang Jawa and Sekolah Kebangsaan Seksyen 24, di sini turut menerima bantuan tersebut seleas terjejas teruk ketika banjir pada Disember lalu.

“Yayasan S P Setia sentiasa komited untuk membantu pelajar dan keluarga B40. Dengan Aidilfitri yang hampir menjelang, kami harap bantuan yang diberi bukan sahaja boleh meringankan beban, malah mampu menyinari hati mereka dalam musim perayaan ini,” katanya dalam satu kenyataan pada Selasa.

Yayasan S P Setia menyerahkan baucar pakaian sekolah dan beg untuk pelajar kepada JPNS.

Dalam pada itu, Yuslina berkata, pihak Yayasan SP Setia turut menagihkan sebanyak 240 bakul makan di lapan buah sekolah di Selangor, Pulau Pinang dan Johor sempena bulan Ramadan yang terlibat dalam Program Setia Sekolah Penyayang (SCSP).

Ujarnya, sebanyak RM32,400 diperuntukan untuk bakul makanan tersebut yang mengandungi barangan keperluan asas seperti beras, mi kuning, oat, gula, biskut, minuman 3 dalam 1, dan makanan dalam tin untuk membantu keluarga yang memerlukan menghadapi saat sukar ketika musim perayaan.

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has partnered S P Setia Bhd to provide smart energy and renewable energy (RE) solutions to the developer’s future property developments.

In a statement, TNB said a memorandum of understanding (MoU) was signed to enable the installation of a rooftop solar PV system as well as ensuring the properties are future-ready to support the installation of battery solutions in S P Setia’s upcoming residential and commercial development projects.

The utility giant said the initiative offered customers of SP Setia the option to leverage on the solution once it was commercially available upon the end of the Net Energy Metering (NEM) quota.

The premises are also designed to support the installation of electric vehicle (EV) chargers if the owners decide to install them later.

TNB said the initiative was in line with the group’s sustainability pathway and SP Setia’s environmental, social and governance (ESG) roadmap towards zero net carbon emissions by 2050.

The NEM 3.0 scheme encourages electricity consumers to install rooftop solar PV, whereby the excess energy generated by solar PV can be exported back to the power grid on a “one-on-one” offset basis.

An allocation quota of 800 MW from 2021-2023 is provided for NEM 3.0 scheme for residential houses, commercial buildings as well as buildings of the government and its agencies.

The MoU was signed by TNB chief retail officer Datuk Ir Megat Jalaluddin Megat Hassan and S P Setia president and chief executive officer Datuk Choong Kai Wai.

TNB president and chief executive officer Datuk Ir. Baharin Bin Din said the MoU would provide TNB with an opportunity to help promote low carbon mobility as well as gain insights into property developers’ preferences and expectations, thus enabling TNB to identify its future strategic partners.

“TNB would also be involved at the early stage of the property development to provide smart energy solutions to S P Setia.

“Given our experience and expertise, we aim to leverage on the 41 active projects of S P Setia and propose relevant and precise products according to the company’s needs,” he said.

Meanwhile, Chong said: “We are pleased to sign this MoU with the national utility provider. This is an achievement in collaboration to provide sustainable energy solutions to our future property owners with the potential for significant savings in energy consumption as added value.”

PETALING JAYA: S P Setia Bhd secured a double win at the Malaysia Property Award (MPA) 2021, making it the 14th time that the property developer has won an MPA award and the company with the most wins.

The award is annually held by the International Real Estate Federation Malaysia Chapter (FIABCI-Malaysia). S P Setia’s KL Eco City (KLEC) won the award for the mixed-use development category while Setia Marina 2, Setia Eco Glades in Cyberjaya claimed the residential (low rise) category.

Acclaimed for its seamless connectivity and accessibility, KLEC is the first integrated green development to meet Malaysia’s Green Building Index (GBI). The development aims to facilitate economic growth for businesses and retail outlets as it builds business opportunities and communities.

KLEC’s integrated rail hub runs along the Abdullah Hukum light rail transit (LRT) station and the KTM Komuter station, providing easy access to the Klang Valley. It also links pedestrians to the Gardens, Mid Valley City via its pedestrian link bridge.

As for the residential low rise category, Setia Marina 2 is a development designed with Balinese, Victorian and Peranakan cultures in mind.

Setia Eco Glades is also designed to meet the criteria for the GBI certification, with a total of 40 acres of parks and 40 acres of water bodies, sustaining its own ecosystems for native flora and fauna.

The guarded township utilises rainwater harvesting, LED lighting and eco-friendly paint as part of its efforts to be greener and reduce its carbon footprint.

“Being recognised for our efforts in developing conducive places for both the environment and the community has shown the importance of building sustainably. We are honoured to achieve our 14th win at the FIABCI MPA after receiving the two awards and will continue to strive to deliver innovative and sustainable solutions to our home buyers and investors,” S P Setia executive vice president Datuk Tan Hon Lim said.

SP Setia is also the only Malaysian developer to have received 13 FIABCI World Gold Prix d’Excellence Awards by FIABCI.

The property developer clinched a double win at the FIABCI Malaysia Property Award (MPA) 2021 on 29 March 2022 at One World Hotel, Petaling Jaya, making the property developer a fourteen-time FIABCI MPA winner.

KL Eco City (KLEC), Kuala Lumpur won the award for the Mixed-Use Development category while Setia Marina 2, Setia Eco Glades in Cyberjaya claimed the Residential (Low Rise) category. The projects are recognised for not only the architecture and design, but also the environmental impact and community benefits they have contributed in the real estate industry.

“Being recognised for our efforts in developing conducive places for both the environment and the community has shown the importance of building sustainably. We are honoured to achieve our 14th win at the FIABCI MPA after receiving the two awards and will continue to strive to deliver innovative and sustainable solutions to our homebuyers and investors,” said S P Setia Executive Vice President, Datuk Tan Hon Lim.

Being Malaysia’s first integrated green development to meet the criteria of Malaysia’s Green Building Index (GBI), the 25-acre KLEC makes its statement as a sustainable and one of the most advanced mixed developments in Malaysia within Kuala Lumpur’s ‘New Golden Triangle’ along the prime location of Jalan Bangsar, next to Mid Valley City.

Setia Marina 2 in Setia Eco Glades, Cyberjaya is an amalgamation of three island phases – the Balinese-inspired Charms of Nusantara, Sanctuary of Western Heritage with a Victorian theme and the Peranakan-influenced Sanctuary of Eastern Heritage. Making up a total of 23.38 acres of the township, each phase is carefully curated to portray the beauty and heritage of different cultures.

It is also master planned to meet the criteria of the Green Building Index (GBI) certification, making its statement as a sustainable development. Apart from that, the gated and guarded township utilises rainwater harvesting, LED lighting and eco-friendly paint as part of its efforts to be greener and reduce carbon footprint.

S P Setia took home three awards at the Malaysia Landscape Architecture Awards (MLAA12) of which two were Excellence Awards for its Essex Gardens, Setia Eco Templer and Setia EcoHill 2 projects, and an Honour Award for Residensi Vogue 1, KL Eco City (KLEC).

“Landscaping has always been an integral area in all our developments, as we not only build homes but also strive to build places and destinations in a sustainable manner whereby the environment and communities thrive hand in hand. We are truly honoured to be recognised for the three projects which we have put a lot of thought and effort into the development,” said Deputy President and Chief Operating Officer Dato’ Seri Koe Peng Kang.

Essex Gardens, the first phase of Setia Eco Templer in Rawang claimed the Excellence Award, while Residensi Vogue 1 at KL Eco City, Kuala Lumpur received the Honour Award of the Landscape Development Awards. The awards honour the project’s recognition of landscape and landscape architecture works which have enhanced the developments’ overall quality with regards to environmental sensitivity, social and community needs. Recognised for its landscape planning and design solutions that addressed complex environmental, social and economic problems with successful implementation, the property developer’s township development in Semenyih, Setia EcoHill 2 were honoured by the Excellence Award of the Developer Category’s Landscape Master Plan Award.

The Setia Karya Hotel Art Campaign Contest presents a golden opportunity for Malaysian talents to showcase their unique works at the soon-to-be-opened Amari SPICE Penang and Amari Kuala Lumpur hotels.

Spearheaded by S P Setia, Setia Karya is supported by Malaysian Institute of Art, Malaysia Association of Hotels, Island Gallery and Penang Art District.

S P Setia deputy president and chief operating officer Datuk Seri Koe Peng Kang said he realised many Malaysian artists were losing hope due to the lack of income during the Covid-19 pandemic.

“So instead of spending money on art pieces by famous artists, we thought we would hold this campaign to discover local talents,” he said when launching the campaign at the Setia SPICE convention centre roof garden in Bayan Lepas, Penang.

“We believe this will give the struggling artists hope and let them know we appreciate their work.

“I believe Malaysia has great artists but they have not found a foothold yet.

“There are not enough platforms for Malaysian artists to showcase their work.”
Koe emphasised that this campaign also encouraged children with special needs to participate as Setia has a platform for them.

“The quality of their work does not matter as we just want to encourage them to do their best.

“There is no such thing as bad art. No work of art will be left unseen. We aim to display all the submitted artwork in the rooms of the upcoming Amari hotels.

“Every room in Amari SPICE Penang and Amari Kuala Lumpur will have a story to tell and we hope the paintings will become a talking point for travellers staying at the hotels,” he said.

The themes and concepts are based on the design narratives of the hotels; Amari SPICE Penang – Vibrance of the Orient, and Amari Kuala Lumpur – Vivarium of the East.

The campaign themes are to be interpreted by the artists.

Professionals, amateurs, students and art hobbyists of all ages who are Malaysian citizens or permanent residents are welcome to join the contest which is divided into two categories.

The first category involves sculptures and artefacts and the second category covers medium and mixed media paintings, digital artwork and illustration drawing.

Attractive cash prizes totalling up to RM252,000 await winning artists whose works will be chosen by a panel of esteemed judges.

The works submitted must be original and should not infringe upon the intellectual property rights of other parties.

Those interested in the contest may email devandranath.n@spsetia.com or call (012-621 3071) for the registration form and contesting artist guidebook.

The deadline for submission of applications is April 30.

GEORGETOWN – Penggiat seni dan karyawan dipelawa untuk menyertai Kempen Seni Hotel Setia KARYA (Setia KARYA) yang dianjurkan S P Setia Berhad.

Ketua Pegawai Eksekutifnya, Dato’ Seri Koe Peng Kang berkata, peraduan yang dianjurkan itu bertujuan mengangkat karya artis tempatan dari semua lapisan masyarakat tidak kira profesional, amatur mahupun pelajar khususnya kanak-kanak kurang upaya.

Menurutnya, kempen seni terbabit akan memberi peluang kepada peserta untuk mempamerkan karya unik dan kreatif mereka di setiap bilik di Hotel Amari SPICE Penang dan Amari Kuala Lumpur di KL Eco City yang bakal dibuka tidak lama lagi.

“Inisiatif ini bertujuan untuk mewujudkan ekonomi seni yang mampan di Pulau Pinang dengan menyediakan program yang memberi manfaat kepada artis sekali gus memupuk semangat orang ramai terhadap karya seni.

“Selain itu, ia juga bertujuan untuk menghargai dan memupuk bakat seni tempatan sambil menyediakan platform terbaik melalui hotel kami,” katanya ketika berucap melancarkan kempen Karya Seni di sini pada Sabtu.

Peng Kang mewarna logo Setia Karya sebagai simbolik kepada perasmian kempen seni yang dianjurkan SP Setia Berhad pada Sabtu.
Hadir sama, Pengurus Amari SPICE Pulau Pinang, Noorazzudin Omar, Ketua Pegawai Eksekutif Pusat Konvensyen & Pameran Pulau Pinang, Ashwin Gunasekaran dan pemilik Geleri Seni Pulau Pinang, Cheong Mei Fong.