13 AUGUST, SHAH ALAM – S P Setia is extending its Loyal Customer Rebate to immediate family members of existing Citizen Setia with Citizen Setia Rewards Xtend (CSRX) starting from 1 August 2021.

With Citizen Setia Rewards Xtend, Citizen Setia can extend their Loyal Customer Rebate (LCR) to multiple immediate family members including their parents, spouse, siblings and children upon confirming their purchase of S P Setia’s selected properties. The rebates are up to 3% depending on the existing Citizen Setia’s rebate tier with no minimum purchase price.

Rewarding our Citizen Setia by keeping their families closer, CSRX is an integral part of the Citizen Setia programme, as the rewards are shared with our Citizen Setia’s immediate family members.

Among the projects that buyers can choose from are houses in Setia Eco Templer, Rawang.

After purchasing their first S P Setia property using the extended LCR, immediate family members will become a Citizen Setia and enjoy a new LCR rate during the purchase of their subsequent property. This LCR will be based on the purchase price of the first property.

Up to RM30,000 introducer incentives for Citizen Setia

From 1 August to 30 September 2021 only, members of Citizen Setia who introduce their immediate family members to book a unit of S P Setia’s selected properties will receive with the Introducer Incentive Rewards, a cash reward equivalent to 1% of the Net Purchase Price ranging from RM7,000 to RM30,000 upon the execution of Sale and Purchase Agreement (SPA).

Citizen Setia members who download the Setia on the Go mobile app during this campaign will also be rewarded with e-cash vouchers which can be redeemed via the app.

For more information on Citizen Setia and Reward Xtend, visit virtual-x.spsetia.com or follow @citizensetia on Facebook to stay updated.

Download Setia on the Go on Apple App Store, Google Play or Huawei AppGallery, or visit spsetia.com/setiaonthego/ for more info.

S P Setia Bhd’s sales target of RM3.8 billion would likely be supported by the developer’s RM1.19 billion new sales and RM1.3 billion bookings secured in the first quarter of 2021 (1Q2021), says CGS-CIMB in a research note today.

Local projects contributed RM923 million or about 78 per cent of the sales in 1Q2021, whilst the rest were contributions from international projects mainly from Daintree Residence, Singapore.

In 1Q2021, S P Setia achieved revenue of RM1.05 billion and a pre-tax profit of RM142.4 million.

The developer is maintaining its full-year sales target, which could be lifted by strong sales and bookings secured before the full movement control order (FMCO), CGS-CIMB said following a recent meeting with the developer.

It is planning RM3.7 billion worth of new launches for the year.

CGS-CIMB said the extension of the Home Ownership Campaign (HOC) till December 31, 2021, is positive for developers as this could spur property buying sentiment in light of the property industry’s current supply glut and nationwide lockdown.

According to the stockbroking firm, S P Setia is not expecting any delays to its project handover, although revenue recognition could be weaker due to the strict standard operating procedure (SOP) onsite.

“The company revealed that the latest take-up rate for its Battersea project Phase 2 and 3A in London was 80 per cent as of end-July 2021,” it said.

Construction of Phase 2’s Switch House West with 98 units was completed at the end of March 2021 while the rest of Phase 2 would be completed by August 21, this year.

“We gather the handover of Switch House West started on May 21 and the half-a-million square feet of office space in the power station building was handed over to Apple in July 2021 as well,” the firm said.

CGS-CIMB said according to S P Setia, Phase 3A, known as Electric Boulevard, is expected to be completed between November 2021 and April 2022.

At home, S P Setia has deferred some of its hotel openings to 2022/2023 given the travel restrictions and the high number of Covid-19 cases globally, the firm said.

SP Setia has offered two additional venues to be part of the National Covid-19 Immunisation Programme (NCIP) in its effort to help the government to ramp up vaccination for the people and achieve herd community.

It said this will bring a total of six SP Setia vaccination centres (PPVs) of which four are mega PPVs across the nation.

SP Setia Senior Executive Vice President Datuk Seri Koe Peng Kang said it currently holds the record for the highest daily record of vaccines administered and is expected to increase to a total of approximately 26,800 doses of vaccines administered daily at its PPVs by August.

“Our aim to help accelerate the NCIP remains. With the Covid-19 cases hitting a record high of more than 17,000 cases recently, the programme’s speed must be increased to achieve the desired inoculation of 80% of the population as soon as possible.

“Hence, the more PPVs made available to assist the government, the more doses can be administered to the people daily,” he said in a statement today.

The Setia City Convention Centre 1 & 2 (SCCC1 & SCCC2) PPVs in Setia Alam and the Setia Spice Arena PPV in Penang commenced operations in June while PPVs at the Setia Eco Templer Clubhouse in Rawang and Setia EcoHill Club 360 in Semenyih have started operations this month.

Another mega PPV, Setia Spice Convention Centre, is targeted to start operations in early August.

“All our PPVs are operated under strict Stand Operating Procedures (SOPs) imposed by the government.

“With this assurance, we hope more will come forward to receive their vaccines allotted at our PPVs, according to their appointments,” added Koe.

Setia Eco Templer Clubhouse started its vaccination operations on July 26 at its Templer Ballroom and Club Terrace.

The PPV is expected to administer an average of 750 doses of vaccines per day in the first week, eventually targeting 2,500 doses per day in the following weeks.

Vaccinations at the Setia Eco Templer Clubhouse PPV are facilitated by around 150 volunteers and medical staff, supported by Team Setia daily for the comfort and safety of vaccine recipients.

Setia EcoHill Club 360’s Amber Hall started its PPV operations on July 5 and is currently seeing up to 1,300 people vaccinated daily.

The PPV also allows walk-ins for senior citizens aged 60 and above to help further facilitate the vaccination processes.

Operations at the PPV are supported by combined efforts of more than 100 public servants, medical personnel and Team Setia volunteers daily.

Following the start of the NCIP programme at SCCC2 on June 7, the mega PPV expanded its capacity and began its process for the Covid-19 Industry Immunisation Program (Pikas) on June 28 at SCCC1.

“SCCC1 is currently inoculating up to 3,000 individuals daily under the Pikas programme whereas SCCC2, under NCIP serves up to 10,000 people daily,” said Koe

It added that walk-ins for those above 60 years of age without MySejahtera vaccination appointments are allowed at SCCC2 subject to availability.

Setia Spice Arena is administering up to 3,000 doses daily until July 28 and 2,000 doses from July 28 until August 7.

This will be increased to 5,000 doses per day starting August 8, while Setia Spice Convention Centre which will be operational as an additional mega PPV venue in Penang targets to administer 5,000 doses daily starting in August.

“We hope with more private sectors coming in to assist the government on this initiative, we will be able to achieve a herd community very soon and this will inadvertently spur the Malaysian economy into its recovery phase,” he added.

PETALING JAYA (July 23): S P Setia Bhd has unveiled the Plathea 2 project, the latest phase of the English-themed Precinct Arundina in Setia Eco Park, Shah Alam.

In its media statement today, units in Plathea 2 are now available for online bookings. The freehold development comprises 74 units of double-storey semidees with built-ups from 2,495 sq ft to 2,833 sq ft with land area measuring 32ft by 75 ft and 38 ft by 70ft.

Prices of gated-and-guarded Plathea 2 homes start from RM1.5 million with four layouts on offer.

Designed for multigenerational living with large open-plan living areas, each unit is fitted with 4+1 bedrooms and 5 bathrooms, inclusive of a senior citizen-friendly bathroom that comes equipped with a panic button for safety.

    The Princess Anneliese Bridge at the Central Park is one of the many picturesque spots in Precinct Arundina

Residents at Plathea 2 will have access to Precinct Arundina’s residents-only clubhouse to enjoy facilities including a swimming pool with wading pool for kids, gym, tennis court and more.

The Central Park forms the green lung of the development together with 30 pocket parks around the precinct to enhance the greenery in the area with manicured lawns and sculptures such as the Anneliese Bridge, Grenn Mist Field and Catelyn Water Fountain.

Meanwhile, Setia Eco Park’s proximity to Bukit Cerakah forest reserve provides residents with a cool and soothing atmosphere, especially in the mornings.

Hosting ambient dining and drinks, including private lounge spaces, Sky Dining @ Aspire Tower boasts fantastic views.
The paradigm shift from traditional work-in-office to remote working with flexible hours, along with the reliance on technology, has changed the demand for office space in the new normal.

While the working community adjusts to the new norm, Malaysia’s leading developer S P Setia Bhd has promptly adapted to the needs of office users today, as exhibited in its latest corporate office tower development named Aspire Tower at KL Eco City, located in Bangsar, Kuala Lumpur. While fitted out as a modern-day workscape, it also addresses the concerns of uncertainty and cost faced by companies today.

Aspire Tower features layouts for three different office types, catering to a wide spectrum of industries and corporate needs. A flexible spatial planning system provides a fertile environment to nurture networking amongst industry players, from young start-ups to international corporations.

The Executive Offices range from 1,152 sq ft to 1,971 sq ft, Signature Offices are from 3,623 sq ft to 16,393 sq ft, while Premier Offices take up the entire floor of 18,690 sq ft. While there would be two independent lift lobbies with a total of 16 elevators serving the office tower, Premier Offices have the provision of a separate high-zone lift lobby to only those working on the high zone floors for privacy, security and exclusivity.

With different sizes available, this gives the flexibility to companies to choose the offices which suit their needs and nature of work. Business owners looking for the perfect office for right-sizing in the wake of the pandemic would find units in Aspire Tower an attractive option too.

Regardless if you are a multinational company, small-medium enterprise or even a start-up, here you get to share the same prestigious Bangsar address as big corporations which have already moved their offices into KL Eco City including Zurich Malaysia, Gibraltar BSN Life Bhd, Samsung Malaysia Electronics, Shopee Malaysia, J&T Express, Klook and Veolia Water.

Standing tall at 42 storeys, Aspire Tower is slated for completion in 2Q2022. Intelligently designed to engender creativity and collaboration among businesses, the Grade-A stratified office aims to cement the status of global corporations by upholding the highest standard in the integration of flexible workspace, leisure and interconnectivity.

JLL Property Services Country Head YY Lau observes that companies have started to right-size and optimize their space usage since last year and KL Eco City offers the sizes that are in demand. KL Fringe area like KL Eco City development is still holding relatively well compared to the KL City.

“KL Fringe areas, which are easily accesible via highways and public transporations and with a wide range of modern and high quality offices, are still doing well. KL Eco City has the advantage of being an integrated development with added points of its proximity to the super regional mall within walking distance,” says Lau.

Meanwhile, Knight Frank Malaysia Corporate Services Executive Director Teh Young Khean notes that the average rentals and overall occupancy rates of office space in overall Klang Valley (KL City, KL Fringe and Selangor) have continued to be under downward pressure in 1Q2021 as the year started on a more challenging note.

The average rental rate in KL Fringe areas is about RM5.71 psf (-0.5% q-o-q) with an average occupancy of 85.9% (-0.2% q-o-q). Nevertheless, he opines that the occupancy in KL Fringe areas is expected to stabilise in 2021.

Amidst the challenging market, KL Eco City recorded a positive trend for both occupancy and rental. As of 1Q2021, the average rental rate and occupancy stood at RM5.28 psf and 71.2% respectively, exhibiting an increase from 4Q2020 (RM5.17 psf and 62% occupancy), Teh adds.

Aspire Tower is also accessible through the Abdullah Hukum LRT Station which is linked to the new KTM Komuter Station.

Aspire Tower also elevates productivity to new heights by offering a range of service premises, thus advancing a lifestyle element to the conventional 9-to-5. Service premises, which include wellness facilities adjoining a swimming pool, sky dining and business centre, are available for outright purchase by companies.

One of its stand-out points is that you have the benefit of owning your private car parking spaces which come as accessory parcels when you purchase selected office units in Aspire Tower. This eliminates the daily hassle and stress of finding a parking space during rush hours.

Aspire Tower is superbly connected to exclusive amenities within KL Eco City, including luxury residential towers, a 5-storey retail mall and a stylish 4-star business hotel operated by ONYX Hospitality Group – Amari Hotel. Winner of 2019 FIABCI Malaysia Property Awards (Office Category) and 2020 FIABCI World Prix d’Excellence Awards (Office Category), KL Eco City is a 25-acre mixed-use and transit-oriented development located at Jalan Bangsar.

Strategically sited to be part of Kuala Lumpur’s new golden triangle, which encompasses the area of Damansara Heights, KL Sentral and Bangsar, KL Eco City is easily accessible via six new ramps and bridges which connect to major roads including Jalan Bangsar, Federal Highway, Jalan Maarof and the New Pantai Expressway (NPE). In addition, peak hour traffic congestion is significantly reduced by an internal two-tier road system.

As a transit-oriented development, Aspire Tower is also accessible through the Abdullah Hukum LRT Station which is linked to the new KTM Komuter Station. Catering to business partners and associates from all over the world, you can hop onto the KLIA Express from KL Sentral, which is two stations away from the integrated LRT-KTM station at KL Eco City. The best part is a covered pedestrian link bridge that joins the development to the bustling Mid Valley City, which offers another array of shopping, dining and services.

Knight Frank Capital Market – Investment Executive Director James Buckley shares that owners/investors of strata offices within a mixed-use & transit-oriented development such as KL Eco City will benefit from easier letting of office space due to the strong tenant demand for locations that provide convenience to amenities and transport, as well as potential capital appreciation in the future.

“Despite the shift in office space trend and a standstill in transaction volumes in 2020 due to the lock down restrictions and pandemic, there is still demand from owners and companies from various industries such as IT/E-Commerce to either lease space or own units in locations such as KL Eco City,” says Buckley.

Conceived to redefine the workplace and working culture, Aspire Tower is the final skyscraper office at KL Eco City, which is set to be one of the most desirable and coveted business addresses in the near future.

For more information on Aspire Tower, please call +6017-671 1794 (Jane) or visit www.aspiretower.com
Check out the sales gallery at Setia International Centre @ KL Eco City.

Winner of 2019 FIABCI Malaysia Property Awards (Office Category) and World Gold Winner of 2020 FIABCI World Prix d’Excellence Awards (Office Category), KL Eco City is a game-changer for the astute businessmen and investors. This 25-acre mixed-use and transit-oriented development is conceived as a city-within-a-city, anchored by commercial offices, luxury residential towers, lifestyle retail outlets and a four-star hotel which will be flagged under the Thai-originated Amari chain.

The new business hub of KL

With its distinctive business address on Jalan Bangsar, unrivalled connectivity, and adaptable work spaces in various configurations, a move to Aspire Tower could very well be a step in the right direction for businesses.

As more and more businessmen growing interest in KL Fringe area over KL City Centre, Bangsar has also been growing more popular and trendy as a business location. It has become a stamp of social and entrepreneurial approval for an upstart to thrive in Bangsar, or for companies expanding to do so while embracing fresh, new ideas.

“Location, strong visibility of the company, clustering of related businesses, accessibility by roads or public transport and having sufficient carpark are among the key decision factors involved in purchasing an office,” shares Veena Loh, Director of Research & Consultancy of JLL Property Services.

KL Eco City offers an outstanding opportunity to tap the potential of the emerging new commercial hub, dubbed the New Golden Triangle, which extends from KL Sentral on Jalan Bangsar to Damansara City in Damansara Heights, encompassing also Bangsar, Pantai and Mid Valley City. At the heart of this New Golden Triangle sits KL Eco City which not only leverages on its highly strategic location but also adds value to this increasingly significant CBD by creating new standards in accessibility, design and architecture, functionality as well as rental rates.

Strategically situated at the heart of the integrated mixed-use development KL Eco City, Aspire Tower enjoys the perks of having direct access to the LRT-KTM integrated rail hub which comprises of the existing Abdullah Hukum LRT Station linked to the new KTM Komuter Station. One can hop on the KLIA Express easily from KL Sentral which is only two stations away from KL Eco City.

KL Eco City is also interconnected by major roads, and easily accessed with six new ramps and bridges towards Federal Highway, New Pantai Expressway (NPE), Jalan Maarof and Jalan Bangsar. An internal two-tier road system is also provided to ensure smoother incoming and outgoing traffic flow within the development.

“The presence of supporting services like hotel, a wide range of F&B in nearby retail malls and other related services provides convenience to the office tenants at KL Eco City,” says YY Lau, Country Head of JLL Property Services.

Connected to Mid Valley City via a pedestrian link bridge, KL Eco City has also attracted high-profile tenants from professional services, consumer electronics and new tech including Samsung Malaysia Electronics, Zurich Malaysia, F-Secure, Gibraltar BSN Life Berhad , Phillip Wain Malaysia, WeWork, Shopee, Klook, J&T Express, and Veolia Water.

“A well-developed transit-oriented development (TOD) is likely to see price appreciation as the development matures and more companies and individuals move to the TOD. Ownership enables the company to save substantial cost in the long term. In terms of business, a company owning the office in a TOD in the longer term will attract customers from those utilising the remaining mixed development due to the ease of transport,” YY Lau adds.

How much space would you like? You decide

“To weather through the after-effects of COVID-19, most businesses will be looking at cost- cutting measures to preserve cash and ensure business continuity,” shares Teh Young Khean, Executive Director of Corporate Services of Knight Frank Malaysia. “More office occupiers are seeking flexibility to allow them to stay nimble and avoid getting locked in long-term leases.”

Offering further insight, James Buckley, Knight Frank Malaysia’s Executive Director of Capital Markets, adds: “We find multi-national companies prefer the flexibility that comes with renting office premises whilst many local, established, companies see the advantages of long term ownership and the ability to build up equity over time, rather than paying out monthly rental.”

With over 670,000 sq ft of best-in-class commercial space, Aspire Tower features layouts for three different office types, catering to a wide spectrum of industries and corporate needs. A flexible spatial planning system provides a fertile environment to nurture networking amongst industry players, from young start-ups to international corporations. The 42-storey Aspire Tower offers various office configuration ranging from 1,152 sq ft to 18,690 sq ft. Whether you are a start-ups, multi-national corporation or looking to right-size your office during this pandemic, Aspire Tower is the perfect location for your company with its prestigious Bangsar address.

Executive Offices

Typical sizes: 1,152 to 1,971 sq ft
Key features: Compact, adaptable and affordable
Right for: Startups looking for a dynamic office environment with luxury premise amenities

Signature Offices

Typical sizes: 3,623 to 16,393 sq ft
Key features: The widest flexibility in terms of size to accommodate various workplace demands
Right for: Medium-sized companies looking to offer designated creative work spaces

Premier Offices 

Typical sizes: 18,690 sq ft (Entire floor)
Key features: The entire floor is yours, utmost exclusivity and executive level amenities
Right for: Large companies to organise and provide the best office environment with a multitude of layouts

Perks of the office

Aspire Tower elevates productivity to new heights by offering a range of service premises advancing a lifestyle element beyond the conventional 9-to-5. Service premises which include wellness facilities adjoining with a swimming pool, sky dining and business centre are available for outright purchase by companies.

This Grade-A stratified corporate office tower will be served by 16 elevators transporting its occupants to either the low zone or high zone via two independent lift lobbies. With every component considered, the lobbies have been constructed to incorporate a proficient management of vertical traffic with state-of-the-art security. From the latest card-access system and professionally monitored Closed Circuit Television (CCTV), to a diligent Visitor Management System (VMS) and catalogued turnstile access, these lobbies ensure a secure work environment.

Proprietors at Aspire Tower can also enjoy the unique benefit of owning car parking spaces where a purchase of selected office space within the tower allows you to enjoy your very own private parking bays for absolute convenience. Each parking space transforms a significant cost outlay into an investment and an asset. This allows you to enjoy your very own private parking bays without needing to endure the daily hassle of finding a parking space and escaping the trouble of renewing the monthly season parking pass.

Designed for forward-thinking entrepreneurs, Aspire Tower aims to cement the status of global corporations by upholding the greatest standards in the integration of workspace, leisure and interconnectivity. Aspire Tower is the finest and final corporate office tower available for sale in KL Eco City.

For more information on Aspire Tower, visit www.aspiretower.com or click here to get in touch via WhatsApp. The sales gallery is located at Setia International Centre @ KL Eco City.

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.