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.

KUALA LUMPUR: S P Setia Bhd, which swung back to profit in the financial year ended Dec 31, 2021 (FY21) with a net profit of RM284.36mil, has set a sales target of RM4bil in FY22.

“We have set our FY2022 sales target at RM4bil and intend to launch RM4bil worth of new products focusing primarily on landed residential projects,” president and CEO Datuk Choong Kai Wai said in a statement.

S P Setia said it recorded another year of unsurpassed sales performance of RM4.26bil in FY21 and outperformed its original sales target of RM3.8bil.

Its revenue stood at RM3.76bil, up 16.6% from RM3.23bil in FY20.

The developer has declared a final ordinary 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.

S P Setia said the main contribution of its sales came from the central region with RM2.92bil, followed by RM556mil from the southern region while the international regions collectively registered sales of RM762mil.

“Notably, its residential properties in established townships in Klang Valley, such as Bandar Setia Alam and Bandar Kinrara garnered solid take-up rates in the final quarter of 2021.

“The government’s move in heeding the rakyat’s needs by extending the Home Ownership Campaign (HOC) to end-2021 also augured well for the group, where it managed to clear RM754mil worth of its completed inventories,” S P Setia said.

In 4Q21, S P Setia launched more landed properties totalling a gross development value (GDV) of RM729mil based on the continuous demand observed.

The first phase of the exclusive two- and three-storey semi-detached homes in Penang Island were among them. Priced above RM1mil per unit, the project has successfully obtained more than 80% take-up rate.

It said all the units in the Daintree Residence project in Singapore were sold out while Eco Lakes Vietnam, the residential properties with a combined GDV of RM133mil launched in 4Q21 garnered a 100% take-up rate.

“Despite the challenging landscape, we are heartened by the encouraging response from the market towards our products and counter-strategies,” Choong said.

He added that the group would continue to leverage its digital platforms to reach out to its customers.

Moving into FY22, S P Setia anticipates gradual recovery to the Malaysian economy, underpinned by the continued increase in global demand and higher private sector expenditure.

As of Dec 31, 2021, S P Setia is anchored by 48 ongoing projects, effective remaining land banks of 7,237 acres with a GDV of RM122.4bil.

Its unbilled sales, which stands at RM10.2bil, will provide earnings visibility in the short to mid-term.

KUALA LUMPUR, Feb 28 — SP Setia Bhd returned to the black with a net profit of RM284.36 million for the financial year ended December 31, 2021 (FY2021) compared with a net loss of RM320.75 million in FY2020.

Revenue rose to RM3.76 billion from RM3.23 billion previously, it said in a filing with Bursa Malaysia.

“The group’s Central region contributed the highest sales of RM2.92 billion, followed by RM556 million from the Southern region, while the international regions collectively registered RM762 million,” it said.

For fourth quarter of FY2021 (Q4 FY2021), its net profit more than doubled to RM123.31 million against RM56.50 million in Q4 FY2020.

However, revenue was marginally lower at RM1.03 billion from RM1.11 billion previously.

The company declared a final ordinary dividend of 0.65 sen per share as well as preferential dividends of 6.49 per cent and 5.93 per cent per annum, respectively, for its Islamic Redeemable Convertible Preference Shares A and B respectively for the financial period.

President and chief executive officer Datuk Choong Kai Wai said, moving into 2022, SP Setia expected a gradual recovery in the Malaysian economy, underpinned by the continued increase in global demand and higher private sector expenditure.

Headline inflation is expected to edge marginally upwards due to the disruptions caused by the global supply chain.

However, the improvement in overall income, employment conditions and consumer sentiments are expected to lift household spending which augurs well for the property sector.

“In view of these positive sentiments, we have set our FY2022 sales target at RM4.0 billion and intend to launch RM4.0 billion worth of new products focusing primarily on landed residential projects,” he said in a statement.

The new landed residential projects will be in Setia Alam, Setia Eco Glades, Setia Safiro, Setia Alam Impian, Bandar Kinrara, Setia Bayuemas, Setia Ecohill and Ecohill 2, Setia Eco Park, and Setia Warisan Tropika in the Central region; Setia Indah, Taman Rinting and Taman Pelangi Indah in the Southern region, and Setia Fontaines in the Northern region.

As of end-2021, SP Setia has 48 ongoing projects and effective remaining landbank of 2,928.71 hectares with a gross development value of RM122.4 billion.

KUALA LUMPUR: SP Setia Bhd kembali mencatat keuntungan dengan keuntungan bersih sebanyak RM284.36 juta pada tahun kewangan berakhir 31 Disember 2021 berbanding kerugian bersih sebanyak RM320.75 juta pada tahun kewangan 2020.

Perolehan meningkat kepada RM3.76 bilion daripada RM3.23 bilion sebelum ini, katanya dalam makluman kepada Bursa Malaysia.

“Wilayah Tengah kumpulan menyumbang jualan tertinggi sebanyak RM2.92 bilion, diikuti RM556 juta dari wilayah Selatan manakala wilayah antarabangsa secara kolektif mencatatkan RM762 juta,” katanya.

Pada suku keempat tahun kewangan 2021 (suku keempat tahun kewangan 2021), keuntungan bersihnya mencatatkan lebih dua kali ganda kepada RM123.31 juta daripada RM56.50 juta pada suku keempat tahun kewangan 2020.

Bagaimanapun, perolehan merosot kepada RM1.03 bilion daripada RM1.11 bilion sebelum ini.

Syarikat mengisytiharkan dividen biasa akhir sebanyak 0.65 sen sesaham dan dividen keutamaan, masing-masing sebanyak 6.49 peratus dan 5.93 peratus setahun, untuk Saham Keutamaan Boleh Tukar Boleh Tebus Islam A dan B untuk tempoh kewangan tersebut.

Presiden dan Ketua Pegawai Eksekutifnya, Datuk Choong Kai Wai, berkata melangkah ke 2022, SP Setia menjangka pemulihan dalam ekonomi Malaysia secara berperingkat, disokong oleh peningkatan yang berterusan dalam permintaan global dan perbelanjaan sektor swasta lebih tinggi.

Inflasi keseluruhan dijangka meningkat sedikit berikutan gangguan disebabkan rantaian bekalan global.

Bagaimanapun, peningkatan dalam pendapatan keseluruhan, keadaan pekerjaan dan sentimen pengguna dijangka meningkatkan perbelanjaan isi rumah yang memberi prospek baik kepada sektor hartanah.

“Berdasarkan sentimen positif ini, kami menetapkan sasaran jualan untuk tahun kewangan 2022 sebanyak RM4 bilion dan berhasrat untuk melancarkan produk baharu bernilai RM4 bilion yang memberi tumpuan terutama kepada projek kediaman bertanah,” katanya dalam kenyataan.

Projek kediaman bertanah baharu itu terletak di Setia Alam, Setia Eco Glades, Setia Safiro, Setia Alam Impian, Bandar Kinrara, Setia Bayuemas, Setia Ecohill dan Ecohill 2, Setia Eco Park dan Setia Warisan Tropika di wilayah Tengah; Setia Indah, Taman Rinting dan Taman Pelangi Indah di wilayah Selatan dan Setia Fontaines di wilayah Utara.

Sehingga akhir 2021, SP Setia mempunyai 48 projek yang sedang dijalankan dan baki simpanan tanah sebanyak 2,928.71 hektar dengan nilai pembangunan kasar sebanyak RM122.4 bilion.

-BERNAMA

KUALA LUMPUR (Feb 28): S P Setia Bhd’s net profit jumped 118.24% to RM123.32 million for the fourth quarter ended Dec 31, 2021 (4QFY21), from RM56.5 million a year earlier, on improved profit margin and higher share of results from some joint venture companies.

Revenue however slipped 7.28% to RM1.03 billion, from RM1.11 billion, on lower contributions from its property development segment, the group said in a filing with Bursa Malaysia.

For the full year, S P Setia was back in the black with a net profit of RM284.37 million, compared with a net loss of RM320.75 million in FY20, as revenue grew 16.56% to RM3.76 billion from RM3.23 billion.

In a statement, S P Setia president and CEO Datuk Choong Kai Wai said the group recorded another year of unsurpassed sales totalling RM4.26 billion in FY21, outperforming its original sales target of RM3.80 billion and fortifying its position as the top property developer in terms of sales.

Choong said the central region of Peninsular Malaysia contributed the highest sales of RM2.92 billion, followed by RM556 million from the southern region, while the international regions collectively registered RM762 million.

He said the government’s move to extend the Home Ownership Campaign to end-2021 also augured well for the group, where it managed to clear RM754 million worth of its completed inventories.

“Despite the challenging landscape, we are heartened by encouraging response from the market towards our products and counter-strategies,” he said, adding that the group would continue to leverage its digital platforms to reach out to its customers,” he said.

Moving into FY22, S P Setia said the group anticipates gradual recovery to the Malaysian economy, underpinned by the continued increase in global demand and higher private sector expenditure.

“We have set our FY22 sales target at RM4 billion and intend to launch RM4 billion worth of new products focusing primarily on landed residential projects in Setia Alam, Setia Eco Glades, Setia Safiro, Setia Alam Impian, Bandar Kinrara, Setia Bayuemas, Setia Ecohill & Ecohill 2, Setia Eco Park and Setia Warisan Tropika in the Central region; Setia Indah, Taman Rinting and Taman Pelangi Indah in the Southern region, and Setia Fontaines in the Northern region,” said Choong.

As of Dec 31, 2021, S P Setia had 48 ongoing projects and remaining land banks of 7,237 acres with a gross development value of RM122.4 billion. Its unbilled sales, which stands at RM10.2 billion, will provide earnings visibility in the short- to mid-term.

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.

S P Setia’s share price settled three sen or 2.29% lower at RM1.28 on Monday (Feb 28), bringing a market capitalisation of RM5.21 billion.