(Third from left) Datuk Koe Peng Kang, Senior Executive Vice President; Datuk Wong Tuck Wai, Deputy President and Chief Operating Officer ; YB Tuan Mohd Sany bin Hamzan , N15 Taman Templer Assemblyman; Yang Dipertua Tuann Haji Shamsul Shahril Badliza bin Mohd Noor, Selayang Municipal Council; Dato’ Khor Chap Jen , President and CEO , Dianne Chan, General Manager, Setia Eco Templer

13 APRIL, RAWANG, SELANGOR: Setia Eco Templer in Rawang has opened its interchange yesterday, providing improved connectivity to its township and city centre for up to 20,000 residents in that locale.

“With all S P Setia developments, it has always been our commitment to provide the infrastructure and amenities needed to ensure connectivity and fulfil our residents’ lifestyle requirements,” said President and CEO Dato’ Khor Chap Jen.

“I am pleased with the property developers’ efforts in developing areas under the administration of Selayang such as the Setia Eco Templer township, which is a development that is set to become a landmark and focus point, therefore, making [Setia Eco] Templer the chosen location to live in,” said Selayang Municipal Council Yang Dipertua Tuan Haji Shamsul Shahril Badliza bin Mohd Noor.

Setia Eco Templer Interchange with its starting point from Persiaran Eco Templer measures at 450m, providing road users a shorter route to Jalan Rawang.

This will benefit residents living within a 10km radius, as it provides a smoother connection to major highways including Kuala Lumpur-Kuala Selangor Expressway (LATAR), Guthrie Corridor Expressway and New Klang Valley Expressway (NKVE).

With the new interchange, road users from Setia Eco Templer can now enjoy shorter travel distances and reduced travel time to Kuala Lumpur City Centre, Selayang, Kepong and Rawang old town.

The interchange will also benefit road users from nearby neighbourhoods such as Institut Kraf Negara, Taman Templer Bestari, Taman Templer Impian, Taman Templer Saujana, Templer Baiduri and Templer Suasana.

Setia Eco Templer’s commercial area The Grove is expected to see higher traffic and crowd flow as the public can now travel to shop offices and amenities with ease via the interchange.

About Setia Eco Templer

First launched in 2016, Setia Eco Templer stands on 194 acres in Rawang, offering English, Peranakan and Balinese style bungalows, semi-detached homes and link villas, as well as Rumah Selangorku affordable housing and shop offices.

Setia Eco Templer is the winner in the Malaysian Institute of Planners’s (MIP) Planning Excellence Awards under the Design Excellence Award Category 2016 for its masterplan.

The township was awarded the Landscape Development Award category at the Malaysia Landscape Architecture Awards (MLAA) 2019.

Setia Eco Templer recently claimed the Gold Award of the Landscape Design Category of the EdgeProp-ILAM Malaysia’s Sustainable Landscape Awards 2021.
With an estimated gross development value of RM2 billion, the ecological township is enveloped by Templer Park and Kanching forest reserves, offering temperature that is one or two Celsius lower than in Kuala Lumpur City Centre.

Phase 2A Peranakan Straits is set to be completed by mid-2021, which will see the handover to the purchasers of 168 homes. The design of Peranakan Straits homes is influenced by the Baba Nyonya heritage and unique cultural diversity of the Peranakan era. The neighbourhood’s concept was inspired by the Malay Archipelago, gated and guarded to provide residents peace of mind.

Misty mornings, cool breezes, rolling forests and gurgling brooks – these are what you can take pleasure in at Setia Eco Templer, Rawang, Selangor.

The 195-acre Setia Eco Templer township by S P Setia Bhd is set between the Kanching and Templer’s Park Rainforest Reserves while the hills of Bukit Takun serve as its backdrop.

Recently completed in 2019 is the 55-acre Essex Gardens, the largest residential phase in the township with 234 landed homes comprising bungalows, semi-detached houses and link villas that are designed to emulate an English countryside albeit in a tropical setting. Its name is derived from the hometown of Sir Gerald Templer, whose journey to Malaya is part of the inspiration for its design concept that is anchored by its landscaping.

The landscaping in Essex Gardens and Setia Eco Templer displays the developer’s sustainability and environmental consciousness from the get-go as it serves to preserve and enhance the area’s natural beauty and ecosystem.

Construction of the homes and facilities was done with minimal environmental impact and carved according to the natural terrain and original topography while buffer zones were created next to the Templer’s Park Rainforest Reserve to protect its wildlife from noise created by human activity.

Besides the numerous pocket gardens and facilities, like the Essex Play Park and the Watcher’s Cove, there is the Natural Park. Created next to a buffer zone, it is a designated bird-watching park and wetland. It also acts as a meeting point between the neighbourhood and the Templer’s Park Rainforest Reserve. This park is where some 250 of the site’s original trees have been kept to preserve the existing bird-nesting sites.

Another highlight of Essex Gardens is its waterways. Out of the nine creeks which were discovered on the Setia Eco Templer development site, the residents of Essex Gardens have the privilege of six of these flowing through their grounds.

Not only are they aesthetically pleasing and a natural habitat for fauna, they also function as part of the area’s drainage system and as stormwater retention ponds for the irrigation of communal areas. On top of that, they are also natural security barriers to discourage intruders.

The Setia Eco Templer team has also found a healthy population of indigenous fish and aquatic plants in the six creeks as well as in the Rangkap River flowing along the western border of Essex Gardens. Inspired by this discovery, the team has created breeding grounds along the waterways for the fish to flourish.

The meticulous attention given to its landscaping is undeniable. At the EdgeProp Malaysia’s Best Managed & Sustainable Property Awards 2021, Essex Gardens was a Gold winner of the EdgeProp-ILAM Malaysia’s Sustainable Landscape Awards in the Landscape Design category.

Opportunity to raise awareness

The sustainable strategies implemented at Essex Gardens have contributed to ease of maintenance while cost is kept relatively low. Among these measures are the transplanting and preservation of the original trees at the site; selecting plants that offer long-term sustainability; as well as preserving indigenous fish and aquatic plants, and flora and fauna. The project also uses LED garden lights and solar power. Notably, it uses solar-powered mosquito eliminator instead of fogging.

“With the abundance of nature at their doorsteps, the landscape in Essex Gardens is designed to encourage its residents to engage more with nature,” says S P Setia senior executive vice president Datuk Koe Peng Kang.

It also offers the developer the opportunity to educate and raise awareness among its residents on sustainability and their roles in conserving the environment.

“The residents enjoy Essex Gardens so much that they want more varieties of flora and fauna to be added, but sometimes this may be harmful to the ecosystem of the park. Foreign species may be threats to the native species. Some may not understand the philosophy of why the waterway, for instance, has been created a certain way with certain species of fish. We have residents who have tried to add various types of fish including the Haruan into the river but it could eat up all the native species in the river,” recalls Koe.

Yet, their eagerness should not be dampened. What is important is to teach the community about the ecosystem at Essex Gardens, says Koe. “They (residents) do these things because they believe in it and want to contribute to it (the ecosystem). They have seen and experienced it. They know the value that has been created and they want to be a part of it.”

Sustainability is not just a big part of developing Essex Gardens and Setia Eco Templer, but a principle widely applied to every S P Setia’s Eco phase which began with Setia Eco Park in Setia Alam.

The developer believes that projects must be built in harmony with nature. “If you do not live in harmony with nature, nature will punish you, to some extent,” he says.

Therefore, Koe opines that it is important to believe in the concept of sustainability and even more importantly, to extend this belief to every team member in a project.

“The challenge is to hold on to your belief (in sustainability) even if people make fun of you. As developers, we have the responsibility to create things that will last for generations. We can harness our power to make life more sustainable. Otherwise, it is a waste of effort.”

Koe hopes that going forward, Essex Gardens and Setia Eco Templer residents will be motivated to be more in touch with the rich nature that surrounds them, and more importantly, live in harmony with its flora and fauna.

PETALING JAYA (April 2): It is known that a well-managed property translates into capital preservation and good governance in which, ultimately increases its value as well as that of the surrounding area.

Although a big chunk of that responsibility lies on the property management company and Joint Management Body/Management Corporation, it is with no doubt, that a well-designed development will ultimately lead to a more efficient and effective transition during the property management stage.
Understanding the crucial role of a developer and how sustainable property management starts from the design stage, EdgeProp Malaysia’s Responsible Developer: Building Sustainable Development Award was introduced in 2018 to recognise property developers who are committed to building developments that are designed and built for best-in-class property management.

The developers have to fulfil these key attributes: vision, commitment and significant efforts towards the building of sustainable development/s in Malaysia. When the developers take their responsibility seriously, the developments built and being build will stand the test of time, and ultimately allowing the communities in those developments to thrive.

The highlight of EdgeProp Malaysia’s Best Managed and Sustainable Property Awards 2021 was the unveiling of Malaysia Developers’ Hall of Fame. Its exclusive membership is accorded solely to winners of the EdgeProp Malaysia’s Responsible Developer: Building Sustainable Development Award.

Three leading developers were inducted into the Hall of Fame tonight. They are:  Eco World Development Group Bhd, represented by its president and CEO Datuk Chang Khim Wah; Matrix Concepts Holdings Bhd represented by founder and group executive deputy chairman Datuk Lee Tian Hock and Sime Darby Property, represented by group managing director Datuk Azmir Merican.

The inaugural recipients in 2018 were S P Setia Bhd Group, Paramount Property Development Sdn Bhd and AME Development Sdn Bhd. Sunway Property and ParkCity Group joined the band in 2019, followed by Gamuda Land and Tanah Sutera Development Sdn Bhd in 2020.

Responsible developers continue to uphold their commitments

One aspect that binds all these developers together is the weight they put into developing sustainable developments, and is continuously striving to uphold to the commitments they have made.

For instance, S P Setia Bhd Group senior executive vice-president Datuk Koe Peng Kang believes that a sustainability agenda is a journey, not a destination.

“A sustainable development is one that creates or has a positive impact on its surrounding environment and community. We pride ourselves in not just building homes but sustainable communities for all,” says Koe.

AME Development group managing director Kelvin Lee Chai concurs with Koe, adding that the emphasis on sustainability actually brings out the role of a developer better.

“We passionately believe that sustainability should be at the core of all businesses, where profits are not the sole determinant at the expense of social and environmental welfare. The award motivates us to pursue greater achievements and make our brand synonymous with pro-environment actions,” says Lee.

For Paramount Property’s executive director Benjamin Teo, long before sustainability became a buzzword, it had already been embedded in their thoughts and actions even as far back as in the 1990s.

“During that time, Paramount was preparing to develop Bandar Laguna Merbok in Sungai Petani, Kedah. My father Datuk Teo Chiang Quan travelled all the way to Queensland, Australia to understand how to conserve the ecology along swampy riverbanks and apply it to our development,” Teo offers.

Meanwhile, 2019 recipient ParkCity Group CEO Datuk Joseph Lau emphasises that what matters for them now is to continue the good work of serving the community and delivering quality projects that they are renowned for.

“With rising awareness of the importance of conserving nature’s resources, sustainable housing is becoming more popular and this award has helped us promote the consciousness in the real estate industry to incorporate sustainability in all aspects of their developments, which will benefit the society at large,” Lau highlights.

Sunway Bhd property division managing director Sarena Cheah stresses that embracing sustainability is no longer a choice, but an obvious necessity as we bear witness to the challenges faced by the environment and our people.

“The Responsible Developer Award brings to fore the best practices in the real estate industry, and gives every one of us an avenue to learn from each other. More importantly, it showcases the practices that equate sustainability with profitability, and how sustainability is not a drain on finances but truly, a wellspring for innovation,” says Cheah.

Giving a real-time example, last year’s recipient Gamuda Land chief operating officer Aw Sei Cheh highlights that it is no secret that Covid-19 has impacted not just property, but economies across the board.

“In these challenging times, consumers reassess their basic needs and desires, with housing and shelter as a priority. Now more than ever, home seekers are scrutinising the places they stay in and properties on the market for quality, value and alignment with their needs and values. This applies to developers as well,” adds Aw.

As for Tanah Sutera Development general manager Wee Boon Leong, he pledges to remain committed to this journey that they have ventured on, although it may be arduous at times.

“What keeps us going and growing is the unity of our community towards sustainability. As developers, in one way or another, we shape the way people work, play, interact and live, and hence we have an important role to play as well as a responsibility to carry,” says Wee.

To live blissfully in a home, surrounded by nature is one of the main attractions when choosing a place to stay.

A scientific study has proven that spending more time with nature can improve mental concentration and reduce depression and stress after coming home from work.

That’s why staying in a neighbourhood surrounded by greenery and a peaceful ambiance can make all the difference, especially for residents who love spending quality time with family.

Setia Alamsari offers various types of homes such as terrace homes, semi-detached homes, bungalows and commercial centres, all built around gardens and nature. The township was previously owned by I&P Group before S P Setia took over and rebranded the entire project.

Setia Alamsari is a 775-acre freehold township that caters to the needs of first time home buyers, buyers looking to upgrade their homes, as well as small or large families.

Located just five minutes from Universiti Kebangsaan Malaysia, Setia Alamsari is the largest township in the Kajang area.

It is also easily accessible via three major highways: the Seremban-Kuala Lumpur Highway, Kajang Silk Highway and Kajang-Seremban Highway (LEKAS).

To date, the overall development of Setia Alamsari is 35% completed, with many more developments and facilities to be provided for the residents in the future.

Soon, S P Setia will launch more medium-priced terrace and linked semi-detached homes to meet the current market, seeing as it is high in demand among the communities in Kajang, Bangi and Semenyih. This year, they will also unveil the first phase of commercial shop lots, as part of their plan to further expand the entire township.

Recently, S P Setia has moved their sales gallery to Setia Alamsari Welcome Centre, located just 1km away from the current sales gallery. With the development of this new sales gallery, it will provide the best services and facilities for all customers.

Eight thematic tropical gardens

Setia Alamsari is a township equipped with the eight thematic gardens, each with a special and different landscape design approach.

The themed gardens include Canopy Park, Nest of Dream, Lake of Reflection, Spring Meadows, Casablanca Park, Garden of Lights, Serenity Pathway and Field of Happiness.

In conjunction with the opening of the Setia Alamsari Welcome Centre on April 10, 2021, S P Setia will have its first preview of this year, called Caressa. Caressa is the first phase of the CASA Collection.

Caressa offers two-storey linked semi D homes ranging in size from 1,965 sq ft to 2,022 sq ft with a land size of 32′ x 65′.

Caressa features four bedrooms and four bathrooms with a 10-foot surplus of land for the whole family.

These beautiful homes will appeal to first time home buyers, youths or those who want to upgrade to a larger house.

With a project offer like this, S P Setia hopes more buyers will choose to live in Setia Alamsari, given its strategic location and being surrounded by many facilities in Kajang, Bangi and Semenyih.

Visit the show houses available at the Setia Alamsari Welcome Center. Those interested can also head over to S P Setia’s website or contact the sales staff at 03-87362255 to find out more about their latest project.

S P Setia Bhd is launching Glades of Westlake, an 11.29-acre phase at Setia Eco Glades in Cyberjaya, on the weekend of March 20.

According to divisional general manager Goh Tzen Sernz, the RM150 million premium residential development will offer 42 semi-detached homes (lot size: 41ft by 85ft; built-up: 2,950 sq ft) and 18 bungalows (lot size: 59ft by 85ft; built-up: 4,050 sq ft). Prices start from RM1.9 million for the semidees and RM3.2 million for the bungalows. Inspired by the Hangzhou design concept, houses in Glades of Westlake are conceptualised as homes nestled within a garden.

“Being a low-density neighbourhood with a strategic location and spacious homes, Glades of Westlake is set to capture the interest of upgraders with multigenerational families from the surrounding suburbs of Puchong, Subang, Bukit Jalil, Seri Kembangan, Petaling Jaya and Dengkil, who are looking for landed homes in a quiet neighbourhood away from the city,” says Goh.

“Our new collection of semidees and bungalows will offer options for more landed housing, not just in Setia Eco Glades but also around Cyberjaya. These spacious units will be uniquely different with their modern-oriental concept, which is not commonly seen in residential developments in the area.”

Generous space for families

The semidees will have four bedrooms and four bathrooms, while the bungalows will have five bedrooms and five bathrooms.

Goh says the homes are ideal for larger families with more than one generation living under one roof. Each unit will come with a smart digital lock at the main door and smart home infrastructure for future upgrading.

The car porch of the semidees and bungalows will be able to accommodate up to six and eight cars each respectively. Residents with electric vehicles will be able to charge them at their own porch.

“The ‘ready to move in’ homes will require minimal renovation. Owners may still choose to refurbish the units, especially with the open-plan concept on the ground floor for both the semidees and bungalows,” he says.

“Taking safety and ergonomic requirements into consideration, each unit will also have an elderly and disabled-friendly bathroom on the ground floor. Designed with sustainability in mind, green sustainable systems such as rainwater harvesting and solar hot water systems will be installed in each home.”

Glades of Westlake will be a gated-and-guarded community, with 24-hour security and perimeter CCTV surveillance cameras. The homes will also come with 12 months of free high-speed internet service of up to 1Gbps.

The development is one of the last two phases at Setia Eco Glades. In general, the occupancy rate for Setia Eco Glades is 85% for completed parcels. Goh observes that as more people realise that the home is their sanctuary in the midst of the pandemic, there has been a rise in upgraders looking for spacious houses with a good environment, resulting in the township’s previous launches being fully taken up.

“Buyers are now looking for a home with more space to not only work or study, but also be entertained while staying at home. The pandemic situation has also seen Malaysians wanting more separate rooms and personal space to safely distance themselves from their family members when needed,” he says.

“With this new launch, we anticipate a good response and we encourage more upgraders and young families to move into the township, which is crucial to support the population growth in Cyberjaya in general and to create demand for the upcoming commercial hub.”

Glades of Westlake sees the continuity of Setia Eco Glades’ greenery and nature concept, as the Hangzhou design features green areas and landscape. The development will take elements from two iconic Unesco World Heritage sites — West Lake and Grand Canal in China with their bridges, lakes and gardens — for the design of its landscape.

This phase will have a 3.7-acre green area as well as oriental garden settings in every corner to create a serene living environment. There will be four entrances — Spring, Summer, Autumn and Winter Gates — to the main garden.

The main garden will have recreational and communal spaces, and feature the only koi pond in Setia Eco Glades, named the Circle of Life; an arched Moon Bridge overlooking a lotus pond; pocket gardens; oriental tea pavilions; and a children’s playground.

Residents at Glades of Westlake will also get to enjoy the facilities at Hammock Clubhouse, which includes a swimming pool, wading pool, playground, gym, half basketball court and communal spaces.

Setia Eco Glades

First launched in 2012, Setia Eco Glades has a total land area of 268 acres. The freehold township has eight phases, offering residential and commercial properties, which are scheduled to be completed by 2024.

The township is connected to major highways such as Maju Expressway, North-South Expressway Central Link, Lebuhraya Damansara-Puchong and South Klang Valley Expressway. It is also located close to various government and private schools, hospitals and shopping malls.

The nearby 400-acre Cyberjaya Lake Gardens houses sports facilities such as a golf driving range, paintball facilities, badminton hall, squash court and tennis court.

Goh says 80% of the township has been developed and the remaining 20%, or 43.01 acres of undeveloped land bank, will see three residential projects and one commercial project.

“We have plans to launch our Phase G7 Isle of Fantasia landed homes and the commercial hub by 2022. Inspired by the success of the D’Network commercial hub in Setia Eco Park [in Shah Alam], we are planning to create a self-sustaining commercial hub that will be able to meet the daily needs of the community and be a great place for networking for all generations of people,” he adds.

25 MARCH , SEMENYIH – Following the success of its first phase of flexible layouts, S P Setia is launching yet another phase with a similar concept in its landmark township in Setia EcoHill 2, Semenyih.

The leading Malaysian property developer has incorporated flexibility into its latest product, Acorus 2, allowing homebuyers to have more say in what they would like to do with their homes especially in the New Normal.

Second of the 5-phased SEHati Collection, Acorus 2 consists of 62 units of double-storey terrace homes with a land area of 20’ x 65’ and a built-up of 1,401 sq ft. Inspired by the co-creation concept, Acorus 2 innovatively provides homebuyers the flexibility to change their home layouts.

For instance, the layout of the Ground Floor allows more rooms to be added conveniently for those who want a bigger family room, working space, play area or private garden. With a gross development value of RM29 million, the homes are priced from RM466,000 onwards.

General Manager of Setia EcoHill, Koh Sooi Meng shared, “We have come to a time where a house is more than just a roof above our heads. We now depend on our house not only for a space to live, but also to learn, work and play.” In view of the situation caused by the Covid-19 pandemic, flexibility is essential to help homebuyers adapt to their unprecedented living needs and lifestyle in the New Normal.

Although launched via a special online preview amidst the ongoing Movement Control Order (MCO), Acorus had received an overwhelming response and successfully achieved a 100% take-up rate.

“Seeing the overwhelming response garnered from the first phase, we are proud that our insightful concept and practical design proved to be well-received. I believe the affordability and flexible layouts will cater to the various needs of homebuyers, be it for young couples or multigenerational families,” he added.

About Setia EcoHill 2

Aptly named after Setia EcoHill 2’s acronym ‘SEH’, the SEHati Collection brings about the ‘all for one, and one for all’ spirit, where everything can be possible when we are heartto-heart. This spirit has inspired the Collection’s tagline — ‘One Heart. One Community. One Nature’.

‘One Heart’ refers to how the township engages with the current market needs; ‘One Community’ promotes the people-oriented nature of the Collection; and ‘One Nature’ describes the exquisite landscape in the township.

Besides, SEHati Collection offers a bounty of nature with its pocket parks and the proximity to the award-winning Adventure Park and the scenic South Creek. This double-storey collection is surrounded by ample conveniences, including quality education at Tenby International School, EcoHill Walk and fitness facilities and event venues at Club360 (Setia EcoHill’s community clubhouse).

The upcoming EcoHill Walk will be the first solar power hybrid commercial hub in Semenyih. The mall within EcoHill Walk is targeted to be opened in the first quarter of next year with confirmed tenant mix comprising of food and beverage, digital and communication outlets, pharmacy, entertainment, fashion and healthcare. As for the shops next to the mall, they are completed in early March and are now ready for businesses to move in and limited units are available for sale. The completion of these lifestyle shops will complement not only Acorus 2 residents but the whole township community for daily conveniences and leisure which aligns with our prime vision to build a self-sustaining township.

SEHati Collection is a guarded community secured with smart home alarm and 24/7 security patrols, providing homebuyers with peace of mind. Connections to major Klang Valley highways (LEKAS, Cheras-Kajang Expressway, etc.) provide convenient access to KL City Centre as well as other major cities.

For more information about the project, please contact Setia EcoHill 2 at 03-8724 2255.

S P Setia Bhd is launching Acorus 2 double-storey terraced homes located within its Setia EcoHill 2 township this weekend (March 27 and 28). With a gross development value (GDV) of RM29 million, the project will offer 62 units with a land area measuring 20ft by 65ft and a built-up of 1,401 sq ft. Selling prices start at RM466,000.

According to S P Setia’s press release, Acorus 2 will give homebuyers the flexibility to change their home layouts. For instance, the layout of the ground floor will allow more rooms to be added easily and is ideal for those wanting a bigger family room, working space, play area or a private garden.

In the statement, Setia EcoHill general manager Koh Sooi Meng said the flexibility is essential to help homebuyers adapt to their unprecedented living needs and lifestyle in the new normal following the Covid-19 pandemic. “We have come to a time where a house is more than just a roof above our heads. We now depend on our house not only for a space to live, but also to learn, work and play.”

Acorus 2 is the second phase of S P Setia’s SEHati Collection at Setia EcoHill 2, following Acorus, whose launch was via an online preview during the movement control order (MCO) period early this year. The first phase is fully booked.

“Seeing the overwhelming response garnered from the first phase, we are proud that our insightful concept and practical design proved to be well received. I believe the affordability and flexible layouts will cater to various needs of homebuyers, be it for young couples or multigenerational families,” Koh added.

EcoHill Walk, Semenyih’s first solar power hybrid commercial hub.

The SEHati Collection is a guarded community secured with smart home alarms and 24/7 security patrols. Surrounding conveniences and amenities include Tenby International School, fitness and event venues at Setia EcoHill’s Club 360 community clubhouse as well as upcoming commercial hub EcoHill Walk.

The development is connected to major Klang Valley highways, including the Kajang–Seremban Highway (LEKAS) and the Cheras-Kajang Expressway.

SEMENYIH: S P Setia Bhd is launching the Acorus 2 double-storey terraced homes located within its Setia EcoHill 2 township.

In a statement, the developer said the second of the 5-phased SEHati Collection, Acorus 2 consists of 62 units of double-storey terrace homes with a land area of 20’ x 65’ and a built-up of 1,401 sq ft.

It added that the Acorus 2 innovatively provides homebuyers the flexibility to change their home layouts.

With a gross development value of RM29mil, the homes are priced from RM466,000 onwards.

Setia EcoHill general manager Koh Sooi Meng said: “We have come to a time where a house is more than just a roof above our heads. We now depend on our house not only for a space to live, but also to learn, work and play.”

“In view of the situation caused by the Covid-19 pandemic, flexibility is essential to help homebuyers adapt to their unprecedented living needs and lifestyle in the new normal,” he said.

Although launched via a special online preview amidst the ongoing Movement Control Order (MCO), Acorus had received an overwhelming response and successfully achieved a 100% take-up rate.

“Seeing the overwhelming response garnered from the first phase, we are proud that our insightful concept and practical design proved to be well-received.

“I believe the affordability and flexible layouts will cater to the various needs of homebuyers, be it for young couples or multigenerational families,” Koh said.

PETALING JAYA: S P Setia Bhd is looking out for potential buyers of its landbank following several years of expansion on this front.

The property developer’s planned corporate move would allow it to raise funds for its other strategic developments as it sets a sales target of RM3.8bil for this year.

“From 2016 to 2018, we had embarked on several expansion initiatives. In 2016 and 2017, we acquired new landbank in the mainland of Penang, Bangi, Australia and Singapore, ” the company said in its 2020 annual report.

“We also acquired I & P Group Sdn Bhd and all its subsidiaries in 2017, therein expanding our landbank from 5,384 acres to 9,660 acres, ” it added.

S P Setia said it now has a total of 8,528 acres of landbank in Malaysia, Australia, the United Kingdom, Singapore, Vietnam, China and Japan.

These landbanks have a potential effective gross development value (GDV) of RM136.87bil, the property developer said.

Last year, the company said it had managed to sell some land in Setia City, Shah Alam to Supermax Corp Bhd’s subsidiary for RM73.5mil.

This land will eventually house Supermax’s business headquarters.

“This forms part of our placemaking plans, in which we seek to attract reputable corporations to invest in our township to increase overall footfall and vibrancy, ” the company said.

Meanwhile, the company said that it had managed to see a significant reduction in its completed property inventory despite the challenging economic climate in 2020.

“During the year, our emphasis shifted from launching new properties to reducing our completed inventory.

“These efforts proved successful, contributing to a reduction in inventories from RM1.46bil to RM1.09bil, ” S P Setia said.

The company noted that the year 2020 saw it offering attractive incentives for the sale of its completed projects with its campaigns including Setia Now.

Moving forward, S P Setia said it would like to grow its property investment portfolio to generate 10% of its earnings before interest and taxes (EBIT) by 2025 and 30% by 2035.

To do this, the company said it would reduce its gearing levels and maintain an optimal capital structure.

“The monetisation of selected landbank to raise funds will be the key focus area for 2021, ” it said.

S P Setia said it would also like to diversify into new markets and businesses in industries such as logistics, e-commerce, healthcare and assisted senior living residences.

The company also noted that it would also expand its investment property portfolio to diversify its business and secure steady revenue streams.