PETALING JAYA (Aug 10): S P Setia will be organising ‘#Setia4Malaysia Unity Run 2022’ in an effort to celebrate the spirit of togetherness this Merdeka and Malaysia Day.

The run, which will be held on Sept 18, 2022 in Setia Bayuemas, Klang, is supported by the Ministry of Youth and Sports.

‘#Setia4Malaysia Unity Run 2022’, which is expected to attract more than 2,000 runners, aims to promote healthier living and balanced lifestyles among the communities, while creating the opportunity to experience S P Setia’s township developments that are anchored on its ‘LiveLearnWorkPlay’ development philosophy.

S P Setia said the runners of ‘#Setia4Malaysia Unity Run 2022’ can choose to participate in a 5km fun run or the 21.1km half marathon. Families with young ones can also take part in this family-friendly weekend event and spend quality bonding time together outdoors.

The first 200 registrants will enjoy an early bird price of RM35 for the fun run and RM55 per ticket for the half marathon, while the next 500 registrants can purchase tickets at RM50 and RM80, respectively while normal tickets are priced at RM70 and RM110, respectively.

Half marathon runners who complete the 21.1km run will also receive a limited-edition finisher’s jersey.

‘#Setia4Malaysia Unity Run 2022’ will also see the participation of 30 local running and fitness influencers at the event, which include Malaysian athletes and medallists Penny Loh Chooi Fern (@chooifernpenny), Muhaizar Mohamad (@muhaizarmohamad) and Saddam Pittli (@saddampittli).

Tickets for ‘#Setia4Malaysia Unity Run 2022’ can now be purchased online or via the JomRun app downloadable on Apple App Store and Google Play Store until Sept 16, 2022.

KUALA LUMPUR: Celebrating music and life, property developer SP Setia is organising its Setia Live Out Loud concert in Setia EcoHill, Semenyih with an exciting line-up of Malaysia’s favourite local and international artists.

Open to the public free-of-charge, the concert is expected to welcome a 5,000-strong audience at Setia EcoHill Walk in Semenyih. Not to miss out, those interested in attending the concert are advised to register early to secure their seats.

The world is shifting from pandemic to endemic, and SP Setia is celebrating the shift to celebrate life and to encourage the general public to embrace the way forward, said SP Setia president and chief executive officer Datuk Choong Kai Wai.

“Like spring after winter, I believe this concert will mark a renewed energy for all to enjoy and embrace after the long hiatus caused by the Covid-19 pandemic. At Setia, we believe that life is to be celebrated, and through our Citizen Setia programme, we aim to bring just that to all of our valued purchasers and residents,” he said.

At Setia, we believe that life is to be celebrated, said Choong.

“This is also part of the community building effort and to reward the residents,” added SPSetia senior executive vice president Datuk Seri Koe Peng Kang.

Hosted by Baki Zainal and Caely See, the concert line-up includes Datuk Zainal Abidin, Nicholas Teo, Priscilla Abby, Santesh, Hael Husaini and pop group The15 who will be performing live on stage.

Veteran artist Zainal added that the free concert is to encourage positivity and the songs chosen will be positively themed. “Music is a universal language. It doesn’t matter which language is used,” he said, pointing out that as long as a good song has positive vibes, it would transcend to the listeners.

For one night only, the concert is happening on Sept 3, 2022 from 8.30pm to 11.30pm at Setia EcoHill Walk, a lifestyle hub which recently opened in Setia EcoHill, Semenyih. The concert is also held in anticipation of the Setia EcoHill Mall’s official opening in September, which will serve a population of more than 600,000 from Semenyih, Southern Cheras, Putrajaya, Kajang and Bangi.

Located in Semenyih, Setia EcoHill is one of SP Setia’s award-winning Eco-series townships which support sustainable lifestyles with its eco-conscious amenities. Setia EcoHill Mall covers a spacious built-up of 280,000 square feet with 3 ½ storeys of retail space.

Lulu Supermarket and Department Store, a supermarket by internationally renowned Middle East retail chain Lulu Group International, has been confirmed to be the anchor tenant for the mall.

The mall is also complemented with diverse F&B offerings including well-known brands such as The Coffee Bean & Tea Leaf, Tealive, Boost Juice, Llao Llao, Sangkaya, Secret Recipe, Sushi King, The Chicken Rice Shop, Texas Chicken, Ipoh Kacang Putih and Kari Puff Abe Yus. The most recent additions to Setia EcoHill Mall’s diverse tenant mix also include Apple’s premium reseller Machines and clothing retail chain FOS.

The Live Out Loud concert booking is now open via https://liveoutloud.spsetia.com/ with the option of free-standing and free seating on a first-come-first-serve basis.

Setia City Mall, Shah Alam’s largest shopping and leisure destination is celebrating its tenth anniversary this July with exciting festivities and sensational prizes up for grabs.

Since opening its doors in 2012, the mall has attracted not only the Setia Alam community but also proven to be the mall of choice for residents in the Klang Valley.

Located in the southern corridor of Setia Alam, Setia City Mall is a joint venture between S P Setia Berhad and Lendlease managed fund – Asian Retail Investment Fund (ARIF). The mall recently completed its expansion works and now boasts 1.18 million square feet of retail space housing approximately 17 major retailers and over 280 local and international retailers, creating a rich, multi-layered experience for visitors. The expansion enhanced tenant mix and facilities, providing patrons with a wider range of fashion, dining, leisure, and entertainment offers creating an all-new fresh experience.

“Setia Alam township has matured tremendously since its launch in 2004. Today it is 22,000 households strong with approximately 90,000 residents. The mall has also grown in tandem with the lifestyle demands of the enlarged communities, and we believe this milestone is just one of the many that the mall will achieve in the years to come.”

“Consumer behaviour has changed due to the COVID-19 pandemic past two years. This has resulted in mall operators and retailers having to re-strategise their business models, change the structures, re-assess the mix of their tenants, and incorporate online services to drive their business into the new normal. This means moving forward, malls will need to provide a truly omnichannel experience. Brick-and-mortar outlets will need to adopt elements of the online experience besides the physical stores taking cognisance of the adoption of artificial intelligence, robotics, virtual reality and augmented reality as part of their business sustainability,” said Datuk Tan Hon Lim, Executive Vice President of S P Setia Berhad Group.

KUALA LUMPUR (July 6): Battersea Power Station has reached practical completion of the Grade II listed Power Station after eight years of transformational restoration, said Sime Darby Property Bhd.

Battersea Power Station is owned by a Malaysian consortium consisting of Sime Darby Property, S P Setia Bhd and the Employees Providend Fund.

In a statement on Tuesday (July 5), Battersea Power Station Development Company (BPSDC) chief executive officer Simon Murphy said the company is now working with the retail and leisure brands as they fit out their spaces ahead of the opening of the building to the public for the first time in autumn.

BPSDC said also opening this year is London’s newest pedestrianised high street, Electric Boulevard.

It said the new high street was designed by two of the world’s most renowned architectural practices, Gehry Partners and Foster + Partners, and will feature shops, restaurants, a community hub, a new park and a 164-room art’otel, the brand’s first hotel in the UK overlooking the Power Station itself.

The company said Electric Boulevard will also link the development to the new Zone 1 Northern Line London Underground Station which opened in 2021, bringing Battersea within 15 minutes of the City and the West End, as well as boosting the local economy and creating over 17,000 jobs.

Meanwhile, it said the Circus West Village, the first chapter in the regeneration of Battersea Power Station, already includes customer favourites such as Sugen Gopal’s Roti King, Francesco Mazzei’s Fiume and Chef Vivek Singh’s Cinnamon Kitchen.

It said the vibrant riverside neighbourhood is home to more than 1,800 residents and over 20 cafés, bars, restaurants, shops, fitness and leisure facilities.

Construction company Multiplex has reached a building milestone on SP Setia’s Sapphire by the Gardens dual tower development with both high-rises ‘topping out’.

The new additions to the Melbourne skyline reached their highest points standing at 232 and 220 metres above street level respectively. The project includes a 62-level
5-star flagship Shangri-La Hotel along with a 60-level residential tower housing 325 luxury apartments.

SP Setia President and CEO Datuk Choong Kai Wai is pleased with the milestone, with the end now in sight for the project which first broke ground in late 2018.

“The completion of Sapphire by the Gardens and the Shangri-La will mark our fifth significant development within Melbourne.”

Datuk Choong Kai Wai, SP Setia President & CEO

“We are thrilled to see this iconic development come to life and stimulate thousands of local jobs during and after construction,” he said.

The high rises on the corner of Exhibition and La Trobe Streets will be connected by a Sky Lounge two-thirds of the way up the towers. The development is designed by Fender Katsalidis in collaboration with Cox Architecture.

The 500-room Hotel will feature a striking façade embellished with champagne gold fins. The facility will also deliver the largest ballroom space in Melbourne’s CBD with elegant six-metre-high ceilings.

Multiplex Regional Managing Director Graham Cottam has expressed his delight with the milestone, describing it as a “…testament to the collaboration and determination of our team and subcontractors.”

“Constructing two towers simultaneously takes exceptional planning and management, especially when facing construction and engineering complexities like the iconic sky bridge, 46-storeys in the air.”

Graham Cottam, Multiplex Regional Managing Director

At its peak, the project required more than 400 workers daily according to Multiplex. The construction has calculated over 2 million hours worked to date.

Multiplex was faced with construction challenges associated with the sky bridge design. The construction team resolved to create a temporary cantilevered deck beneath the structure to enable safe working access.

Upon completion, the precinct is forecast to have generated over 1,000 jobs including some ongoing roles within the Hotel.

The first residents are expected to move into apartments in October 2022 while the final completion of the precinct is on track for early in 2023. The Hotel expects to welcome its first guests in 2024.

PARIS: Six Malaysia-based property developers have bagged awards at the FIABCI World Prix d’Excellence Awards 2022 held on June 9.

S P Setia Bhd had the biggest win as it was the only Malaysian developer to win two gold awards at the event.

With the addition of the two awards, S P Setia retained the record as the Malaysian developer with the most golds, or a total of 15, to be exact.

The winning projects were KL Eco City (KLEC), Kuala Lumpur, and Setia Marina 2 of Setia Eco Glades, Cyberjaya.

KLEC bagged the top accolade in the mixed-use development category, while Setia Marina 2 clinched a gold award in the residential (low-rise) category.

It is noteworthy that KLEC and Setia Marina 2 had previously won the mixed-use development and residential (low-rise) categories at the FIABCI Malaysia Property Award 2021.

According to S P Setia president and chief executive officer Datuk Choong Kai Wai, the recognitions received by KLEC and Setia Marina 2 were testament to the strength of the company’s products in meeting the aspirations of home-owners, 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.

“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.

“It is also about uplifting communities in and beyond our developments through creating sustainable business opportunities,” Choong said.

Meanwhile, YTL Land and Development Bhd won a gold award under the residential (high-rise) category for its The Fennel at Sentul East project.

For silver awards, four Malaysian property developers were announced as the winners.

Gamuda Land won the silver award under the environmental category for its Gamuda Gardens Central Park project.

Its parent company, Gamuda Bhd, won another silver under the resort category for Batu Patung Eco Village.

Hap Seng Land Sdn Bhd clinched a silver award under the purpose-built category for its Wisma Mercedes-Benz.

As for the residential (mid-rise) category, OSK Property Sdn Bhd bagged the silver award for its TimurBay Seafront Residence in Kuantan.

WB Land Sdn Bhd won the industrial category with Frontier Park.

The award ceremony was held in conjuction with 72nd FIABCI World Real Estate Congress.

Star Media Group Bhd was the media partner for the FIABCI World Prix d’Excellence Awards 2022.

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.