PETALING JAYA: After achieving the monumental feat of converting the Setia SPICE Arena and Setia City Convention Centre (SCCC) into mega vaccination centres (PPV), S P Setia Berhad will be opening two more PPV next month.

With the aim to help the government in the National Covid-19 Immunisation Programme, the developer’s Setia Ecohill Clubhouse and Setia Eco Templer Clubhouse will start operating as PPV on July 5 and July 15 respectively, each with a daily capacity to administer up to 1,000 doses, before gradually increasing to 2,000.

Concurrently, SPICE and SCCC, which started operations as mega PPV on June 7, have risen to the challenge to inoculate up to 3,000 and 8,000 people per day respectively.

Starting tomorrow, the SCCC will also start giving up to 3,000 jabs daily under the government’s Public-Private Partnership Covid-​19 Industry Immunisation Programme (Pikas).

S P Setia senior executive vice-president Datuk Koe Peng Kang said SP Setia’s venues, which used to provide magical moments for weddings, concerts and expos, have now been dedicated to offer the same positive experience for vaccine recipients.

Describing vaccination as “light at the end of the tunnel”, Koe said the company wanted to do its part to help the nation recover, so that halls may once again be filled with gatherings and borders opened to welcome travellers and investors.

“We saw a need to come forward and offer resources like our venues and manpower without calculating any monetary returns or economic objectives.

“We only have one objective now, which is to help everyone get vaccinated so that we can get on with our lives.

Smooth process: National Covid-19 Immunisation Programme coordinating minister Khairy Jamaluddin
visiting SCCC on the first day of the mega vaccination centre’s operations. Accompanying him are Koe (centre)
and Teo.

“There will be a time that all of us are protected against the virus and there will come a day that all of us can meet again and gather in function halls, dressed to the nines, like we used to before.

“The whole ecosystem must come back. We must get back what we have missed and everybody must have optimism and positive energy that we can get through this,” he said.

With this goal in mind, S P Setia convention centres head Francis Teo said while converting their venues into PPV, they acknowledged that this time, it is not like hosting a normal event, but one with a lifesaving purpose.

Being seasoned event organisers, Teo said they wanted to maximise the comfort of vaccine recipients and create magical moments for them from the minute the visitors arrive at an S P Setia PPV until they leave.

From providing 2,000 free-of-charge parking bays at both SPICE and SCCC, to special access for the elderly and the disabled, as well as lively selfie stations for “vaxxies” (vaccination selfies), S P Setia is aiming to curate a positive vaccination experience.

“To facilitate proceedings at both vaccination centres, a total of 800 civil service employees, volunteers and medical personnel are deployed.

“We also have our own staff at the forefront who have volunteered to guide the way, assist with crowd control and answer any queries.

“We are very pleased to do this community engagement with the opportunity that we have to help,” said Teo.

He added that there has been no issue of wasting vaccines at the two PPV, as they have a storage facility that ensures any leftover vaccines at the end of the day could be safely kept before being used up first thing the next morning.

“Each day, we get a fresh delivery of vaccines and more than 95% is used with a very minimal number held back, of about less than 5% daily due to no-shows or, people rejecting vaccine brands or people found to be unsuitable for it.”

Teo noted that Malaysia had recently reached a new daily record of administering over 250,000 doses of the vaccine.

“We feel proud that we have played a part in contributing to those numbers,” said Teo.

CYBERJAYA: S P Setia Bhd’s township development Setia Safiro in Cyberjaya is set to launch its third collection of double-storey linked homes, Amadeo on this Saturday.

It consist of 60 units in Phase 3A and 38 units in Phase 3B.

Phase 3A and Phase 3B of Amadeo have a combined estimated gross development value (GDV) of RM105mil.

Priced from RM853,240, the units come with land size of 22 ft x 70 ft and built-up of 2,260 to 2,300 sq ft. Each home will be fitted with four bedrooms and four bathrooms.

“We are excited to launch Amadeo which is built on higher ground and closer to the 4.8-acre Safiro Parque, making it the premium series of linked homes among the previous phases,” said S P Setia divisional general manager Goh Tzen Sernz.

‘We anticipate that more upgraders and young families will be taking the opportunity to own a new home in Cyberjaya,’ said Goh.

“Amadeo is also the first 22ft x 70ft series to be launched as 328 residential units from previous launches sized at 20ft x 70 ft have been fully sold,” said Goh.

Amadeo which has a total of 98 units of linked homes is built on 8.47 acres of land in the Spanish themed Setia Safiro and is targeted to be completed by 2024.

Located in Cyberjaya South, Amadeo is expected to attract first-time home buyers and upgraders from neighbouring mature towns such as Puchong, Subang Jaya, Seri Kembangan, Dengkil and Petaling Jaya.

“With the extension of the Home Ownership Campaign (HOC) until end-2021, we anticipate that more upgraders and young families will be taking the opportunity to own a new home in Cyberjaya while enjoying the benefits of the stamp duty exemption and low interest rates,” added Goh.

Amadeo show units are now available for viewing at Setia Eco Glades Sales Gallery.

Designed with a luxurious Spanish ambience, Setia Safiro first launched in July 2019 and sits on 57 acres of freehold land in the highest point of Cyberjaya South, with a total GDV of RM750mil.

The themed township with a gated-and-guarded community is landscaped to offer a garden concept, as well as to provide its residents walkability with bridges connecting across waterways and pocket parks that link each parcel of the township.

Residents will also find an abundance of green features such as a Linear Landscape Park, a unique 738m-long cascading waterway, and the 4.8-acre Safiro Parque. Safiro Parque sits at the highest point of Setia Safiro, which has two footpath trails leading to a stream and the Alcazar Fountain at the top of the hill.

Spanish elements are incorporated into the details of Setia Safiro’s landscaping, like the artistic Spanish mosaic seen on the majestic Grand Steps stairway and the Alcazar Fountain at the peak of the hill.

Residents at Setia Safiro will enjoy exclusivity at the 40,000 sq ft Spanish-theme Hammock Clubhouse which provides recreational facilities like a swimming pool, gym, wading pool, playground and common halls for gatherings.

For more information on Setia Safiro, visit https://spsetia.com/en-us/property/malaysia-(central)/cyberjaya/setia-safiro/home or contact 03-8008 2228 via WhatsApp or phone call.

KUALA LUMPUR (June 15): Property developer S P Setia Bhd has successfully priced a RM800 million sukuk issuance, proceeds of which will be used for the group’s project development, refinance its borrowings and general corporate purposes.

The issuance comprises a RM500 million five-year tranche and a RM300 million seven-year tranche, out of its newly established Islamic Medium Term Notes Programme of up to RM3 billion in nominal value.

The issuance was oversubscribed by 2.3 times, with an orderbook in excess of RM1.85 billion coming from diversified and high-quality investors, it said in a statement today.

“The oversubscription clearly reflects strong market confidence in S P Setia’s fundamentals and credit story, despite the challenging market conditions in light of the ongoing Covid-19 pandemic. In addition, S P Setia was also able to price the transaction at the tight end of the price guidance,” the group added.

The sukuk is rated AAIS by Malaysian Rating Corporation Bhd (MARC), it said.

S P Setia’s shares closed unchanged at RM1.10 today, giving the group a market capitalisation of RM4.46 billion. It saw some 5.75 million shares transacted.

THE Setia SPICE Arena in Bayan Baru, Penang, would administer approximately 1,000 to 3,000 doses of vaccine daily.

The Setia City Convention Centre (SCCC) in Setia Alam, Shah Alam in Selangor, is expected to give 3,000 doses in the first four weeks and hope to reach 8,000 in the next four weeks.

These two centres have been converted into mega vaccination centres (PPVs) beginning June 7 and have been operating without a hitch.

SP Setia Bhd senior executive VP Datuk Koe Peng Kang said Malaysia’s healthcare and economy are currently going through a very challenging period.

“It is with this urgency, that as corporate citizens of the country, we must play our role to support the government’s initiative to have the National Covid-19 Immunisation Programme rolled out at an accelerated pace.

“As time is of the essence now, we wasted no time to offer our venues and infrastructure on a rent-free basis to expedite the logistics and venue preparation,” he said.

Koe also hopes that savings in rental could help the government in sourcing for more vaccine-related resources to expedite herd immunity for the nation.

“We are honoured to be working closely with the Ministry of Science, Technology and Innovation (Mosti), Health Ministry, both Penang and Selangor state governments and the respective district offices,” he added.

A total of 800 public servants, volunteers and medical personnel have been deployed respectively in order to ensure the vaccination process remains smooth.

Among them are MyVac volunteers, Royal Malaysia Police, Malaysian Armed Forces, Civil Defence Force, State Health Department, The People’s Volunteer Corps, Department of Youth and Sports, Covid-19 Immunisation Task Force and respective District Offices.

On the other hand, SP Setia staff were also available to assist with crowd control and showing people the way.

There will also be a post-mortem meeting after the vaccination operations in order to improve the flow and enhancing the comfort of the vaccine recipients.

The two centres have also displayed guides on special passages for people with disabilities and special needs and they would be escorted by volunteers from the designated drop-off area.

Moreover, parking fees have also been waived for all vaccine recipients and volunteers at both SCCC and Setia SPICE Arena.

SP Setia had been working closely with the government to mobilise resources making sure that opening the PPV centres was timely on June 7.

SP Setia Foundation, with the technical support of SP Setia’s ICT also sponsored 150 laptops for the entire period of operation.

It also provides breakfast for frontliners in its first month of operations.

PETALING JAYA (June 3): The freshly restored Battersea Power Station in London, UK has obtained the highest-ranked position of World Gold under the Master Plan category at the FIABCI World Prix d’Excellence Awards 2021. The results were announced virtually yesterday.

According to a media statement today by S P Setia, being honoured with one of the most prestigious international awards is a great achievement for the Battersea Power Station and affirms its position as a world-class mixed-use development.

“This is a proud win for Battersea Power Station and for us, the Malaysian shareholders of this iconic project. We recognise the importance of creating values and are committed to contributing to building a harmonious and caring community,” said chairman of Battersea Project Holding Company Datuk Ahmad Pardas Senin.

Echoing similar sentiments, the chairman of Battersea Power Station Development Company Datuk Wong Tuck Wai added that the project has provided an extraordinary opportunity to revitalise a once derelict abandoned building into a progressive urban and sustainable development.

“Achieving this award from FIABCI World Prix D’Excellence right after the recent momentous handing over of the Power Station to its first residents makes us exceptionally proud of our endeavours,” he added.

On May 24, the restored and repurposed Battersea Power Station welcomed its first-ever residents when homeowners received the keys to their new homes following the completion of Switch House West.

Meanwhile, the mixed-use historic building (former coal-fired power station) will be home to Apple’s London Campus next summer, in addition to hundreds of new shops housed in the turbine halls, a 2,000-capacity event venue, an 18,500 sq ft food hall, a glass chimney lift and hundreds of new homes.

Some 25,000 people will soon be living and working here, creating one of London’s largest office, retail, leisure and cultural quarters.

KUALA LUMPUR (May 26): Battersea Power Station in London has opened the doors to its first-ever residents. Homeowners were handed the keys to their new homes in the Grade II* listed building, following the completion of Switch House West, the first major element of the Power Station to complete.

The rest of the building will be completed in stages throughout the rest of the year, with residents moving into the Boiler House and Switch House East in the coming months.

The occasion was marked on Monday May 24, 2021 with a special public performance by members of the London Symphony Orchestra, who played at the foot of the Power Station, alongside Battersea Power Station’s own Community Choir, as visitors and residents enjoyed alfresco dining at the restaurants and bars along the riverfront. (Photo credit: Ian Gavan/Getty Images for BPS)
“As custodians of this globally significant building, it is with great pleasure that we welcome residents into the Power Station for the first time in history. This is a proud day for Malaysia and the consortium of shareholders who transformed this historic building into a sustainable city living address, while restoring the landmark and giving it a new lease of life,” said Battersea Project Holding Company chairman Datuk Ahmad Pardas Senin in a press release today.

The occasion was held on Monday (May 24) with a special public performance by members of the London Symphony Orchestra, alongside Battersea Power Station’s own community choir.

Datuk Ahmad Pardas Senin, Chairman of Battersea Project Holding Company. (Photo credit: S P Setia Bhd)

Battersea Power Station Development Company chairman Datuk Wong Tuck Wai said strong progress continues to be made across the entire project and the group is delighted to see the Malaysian Vision for this thriving new London neighbourhood now becoming a reality.

Meanwhile, half a million sq ft of office space in the building will be handed over to Apple this summer to commence the fit-out of its new London Campus. Retail and F&B brands will begin fitting out their units later in the year, ahead of the Power Station opening to the public from next year.

The Northern Line Extension is on track to open from this autumn, with a new Zone One London Underground Station at Battersea Power Station significantly enhancing the connectivity of this part of London.

Datuk Wong Tuck Wai, Chairman of Battersea Power Station Development Company. (Photo credit: S P Setia Bhd)

Much progress is also being made to Electric Boulevard, the third phase of the project, which comprises buildings to the south of the Power Station by Gehry Partners and Battersea Roof Gardens.

The Power Station is at the heart of one of central London’s largest, most visionary and eagerly anticipated new developments, involving the transformation of a 42-acre former industrial brownfield site into a new town centre for London, comprising new homes, shops, cafes, restaurants, offices, event spaces and over 19 acres of public space including a six-acre park.

“Our Power Station residents join an already thriving community of people living, working and enjoying this new riverside destination. Following this latest significant milestone, we now look forward to completing the remaining elements of the Power Station, ahead of opening to the public next year,” said Battersea Power Station Development Company CEO Simon Murphy.

Once open to the public, Battersea Power Station will house over 100 shops, bars and restaurants, as well as unique events and leisure spaces, including the Chimney Lift Experience, which will be operated by global events and entertainment leader IMG. The glass elevator will transport visitors 109m up inside one of the Power Station’s iconic chimneys, before they emerge at the top to enjoy unrivalled 360 degree views of the capital’s skyline.

Circus West Village, the first chapter in the regeneration of Battersea Power Station, is home to over 1,500 residents and over 20 bars, restaurants, cafés and fitness and leisure offerings. The thriving riverside neighbourhood welcomes over three million people on average each year, thanks to its annual events programme.

With the Northern Line being extended to give this new neighbourhood its very own Zone 1 London Underground station this year, Battersea Power Station is expected to draw Londoners, international visitors and workers from across the capital, with journey times to the West End and the City taking approximately 15 minutes. It will be one of the go-to places for South West London, boosting the local economy and creating over 17,000 jobs.

KUALA LUMPUR (May 25): S P Setia Bhd’s net profit for the first quarter ended March 31, 2021 (1QFY21) jumped more than threefold to RM75.23 million, from RM24.09 million a year ago, mainly driven by progressive revenue recognition from strong take-up rates achieved.

Its quarterly revenue also rose 49.83% to RM1.05 billion, from RM702.66 million a year ago, its filing to Bursa Malaysia showed.

The group did not declare any dividend for the latest quarter.

The group said both revenue and profit before tax for 1QFY21 were higher than the corresponding quarter in the preceding year, mainly driven by progressive revenue recognition from strong take-up rates of mature townships in the Central region as well as its Daintree Residence project in Singapore, as a result of pent-up demand following the roll-out of the Covid-19 vaccine in many countries.

The group also said in a statement that it recorded a strong sales performance of RM1.19 billion for 1QFY21.

“Local projects contributed RM923 million or approximately 78% of the sales, whilst the remaining RM265 million or approximately 22% were contributed by international projects mainly from Daintree Residence, wherein the demand for residential properties in Singapore has gained traction recently,” it said.

On the local front, it said sales were primarily derived from the Central region at RM705 million, followed by the contribution from the Southern region at RM148 million while another RM74 million was from the Northern region.

“We have intensified our marketing efforts to generate more sales before the Home Ownership Campaign 2020 ends in May 2021. In addition, we had also launched a total gross development value (GDV) of RM525 million landed properties. They comprise mostly double-storey terrace and/or semi-detached homes during this period, and the responses were overwhelming in some of our flagship developments,” said S P Setia president and chief executive Datuk Khor Chap Jen.

“Also in line with the business strategies for FY21, we had cleared RM206 million worth of completed inventories during this period. We will continue our focus in clearing our completed inventories while in parallel launch new demand-driven products in our matured townships. The group also secured noteworthy bookings of RM1.29 billion, and the priority is to convert these bookings into sales swiftly, and hopefully with the support of a quicker end financing process,” he added.

The group continues to be cautiously optimistic of sustainable market momentum for the second half of FY21, especially with the recent announcement of the Movement Control Order 3.0 by the Malaysian Government imposed across the nation.

Nonetheless, it opined that the economic outlook is projected to improve on the back of the ongoing nationwide vaccination programme, which will ultimately spur the economy, specifically the local property market.

“Given the strong start in our sales performance for this current year, the group will strive to maintain the sales momentum while at the same time continue the emphasis on its strategic priorities to strengthen and optimise the capital structure alongside its land bank utilisation,” it said.

In embracing the new norm, it said the group’s digital transformation journey will be accelerated as well as sustainability agendas being implemented across its products and business operation.

As of March 31, 2021, the group has 47 ongoing projects, with an effective remaining land bank of 8,513 acres valued at a GDV of RM135.7 billion and total unbilled sales of RM10.12 billion, which will tide the group over the next two years.

At noon break, S P Setia slipped one sen or 0.99% to RM1, valuing the group at RM4.06 billion.

PETALING JAYA (May 25): S P Setia Bhd recorded a strong sales performance of RM1.19 billion for its first quarter ended March 31, 2021, mainly from its local projects which has contributed RM923 million or 78% of the sales.

The company added that the remaining RM265 million or approximately 22% were contributed by international projects mainly from Daintree Residence, wherein the demand for residential properties in Singapore has gained traction recently.

In a media statement today, S P Setia said local sales were primarily derived from the central region at RM705 million, followed by the contribution from the southern region at RM148 million while another RM74 million was from the northern region.

For 1QFY2021, the group achieved a revenue of RM1.05 billion and profit before tax of RM142.4 million. Both revenue and profit before tax for the current quarter are higher than the corresponding quarter in the preceding year, mainly driven by progressive revenue recognition from strong take-up rates achieved.

19 MAY, SELANGOR: With the increasing demand and preference for landed homes with larger spaces in a low-density development, S P Setia continues to see positive take-up rates with its latest launches in Setia Tropika, Johor and Bandar Kinrara, Puchong.

At the beginning of May, the Alocasia series in Setia Tropika, Johor was launched. 100% of the non-Bumi units in its first and second phase were taken up that weekend. The tropical double-storey semi-d homes have a built-up of 3,005 sq ft and come with smart home features.

Offering 4 bedrooms and 5 bathrooms, beamless spaces and ample parking space fitting 3 cars in a row, Alocasia homes are designed to accommodate families with multiple generations comfortably under one roof.

Following this, more phases under the Alocasia series will be launched by the end of this year. For those who missed the earlier phase, booking is now opened for phase 3 and 4 where only 40 units are available. For more information, please visit https://spsetia.com/

The gross development value (GDV) for the entire Setia Tropika township in Kempas, Johor Bahru is approximately RM4.17 billion. The township offers recreational activities with its award-winning 12-acre Town Park which includes features like basketball and football fields, a multipurpose court, jogging and cycling track as well as an educational garden.

Upcoming housing projects in Bandar Kinrara, Puchong

Over in Klang Valley, Bandar Kinrara launched the latest phase of the Anggun series, Anggun 3 on 8 May which saw more than 80% of its units booked on the same day. Anggun 3 semi-detached homes come with a built-up of 3,197 sq ft, designed with contemporary tropical façade and interior features that allow more natural light and improved ventilation.

Its floor plans come with a large kitchen space for flexible arrangements and a spacious centralised family social area which connects to three bedrooms. In response to the encouraging take-up, more phases of the Anggun series will be underway. Those interested may contact 03-8082 9525 or visit the S P Setia website for more information.

Homebuyers can also stay tuned for more semi-detached projects within the premium enclave of Section 8, Bandar Kinrara. Legasi 4, the new phase of Bandar Kinrara’s well-received double-storey terrace series is slated to be launched this year. The matured township of Bandar Kinrara in Puchong with GDV of RM3 billion and acreage of 1,904 acres will have a total of 73,500 homes upon completion in 2025.

BINH DUONG (VIETNAM): S P Setia Vietnam will launch more projects in EcoLakes, in Binh Duong province namely phase three of Garden of Splendour 2 consisting of 257 terrace houses and 34 shophouses, as well as phase three of Valley of Dreams villa homes with 259 units this year.

In a statement, the property developer said previous phases had seen encouraging results, and the upcoming launch would meet the growing demand for housing within a master-planned community from local upgraders, foreign investors and expatriates.

File pic shows an artist’s impression of an S P Setia project at EcoLakes at MyPhuoc.

Launched in 2020, the green-inspired Garden of Splendour 2 terraces – phase one (165 units) and phase two (227 units), and Valley of Dreams villas (110 units) sold out within the first few days.

The company will also develop and operate a park near the stream in the villa precinct.