KUALA LUMPUR: S P Setia Bhd won major awards at the Malaysian Institute of Planners Planning Excellence Awards (MIPPEA) 2024.

S P Setia, through its wholly owned subsidiary I&P Alam Impian Sdn Bhd and Urban Scale Studio Sdn Bhd, won gold in the design excellence category for large-scale master-planned development 2024 (250 acres and above) for the Setia AlamImpian township in Shah Alam, Selangor.

The developer also received the silver award in the placemaking and public space category for LakePoint Park in Setia AlamImpian, followed by the bronze award in the design excellence category for medium-scale master-planned development (50 to 249 acres) for its NusaCinta development in Setia Fontaines, Penang.

“We feel honoured and grateful that our master-planned townships and developments; Setia AlamImpian in Shah Alam, Selangor and Setia Fontaines in Penang triumphed at the MIPPEA 2024. We have devoted our utmost passion and dedication in ensuring that the planning of townships results in self-sufficient and liveable places,” chief operating officer Datuk Zaini Yusoff said in a statement.

“As a developer, we are on track as far as achieving our vision of executing exceptional masterplans, designs and further exemplifying our efforts in building sustainable communities and developing quality products.”

“Looking ahead, we hope that our developments will continue to be considered and recognised by the panel of jury of MIPPEA, our fellow peers, industry experts, and beyond,” he added.

S P Setia shines with major wins at MIPPEA 2024

KUALA LUMPUR: S P Setia Bhd won major awards at the Malaysian Institute of Planners Planning Excellence Awards (MIPPEA) 2024.

S P Setia, through its wholly owned subsidiary I&P Alam Impian Sdn Bhd and Urban Scale Studio Sdn Bhd, won gold in the design excellence category for large-scale master-planned development 2024 (250 acres and above) for the Setia AlamImpian township in Shah Alam, Selangor.

The developer also received the silver award in the placemaking and public space category for LakePoint Park in Setia AlamImpian, followed by the bronze award in the design excellence category for medium-scale master-planned development (50 to 249 acres) for its NusaCinta development in Setia Fontaines, Penang.

“We feel honoured and grateful that our master-planned townships and developments; Setia AlamImpian in Shah Alam, Selangor and Setia Fontaines in Penang triumphed at the MIPPEA 2024. We have devoted our utmost passion and dedication in ensuring that the planning of townships results in self-sufficient and liveable places,” chief operating officer Datuk Zaini Yusoff said in a statement.

“As a developer, we are on track as far as achieving our vision of executing exceptional masterplans, designs and further exemplifying our efforts in building sustainable communities and developing quality products.”

“Looking ahead, we hope that our developments will continue to be considered and recognised by the panel of jury of MIPPEA, our fellow peers, industry experts, and beyond,” he added.

S P Setia Celebrates Setia CNY 2025 with open houses, rewards and more

To usher in the Year of the Snake, S P Setia has introduced its Setia Chinese New Year (CNY) 2025 campaign, jam-packed with fun-filled activities and offers.

Capturing harmonious moments shared with loved ones, the month-long, multi-tiered campaign embodies the developers spirit of togetherness and will be showcased across all their eco-townships, developments and media platforms.

Setia chief commercial officer Christinne Lim shares: “Setia CNY 2025’s theme is inspired by the word ‘hé’, which refers to the harmonious blend of people, ideas, spaces, and moments – all coming together as one.

“To translate the essence of ‘hé’ into a Chinese phrase, we have chosen ‘Harmony Together, Prosper Together’ as our tagline,” she adds.

Setia Group branding and marketing general manager Adelene Wong concurs, adding, “Prosperity holds true meaning when it flourishes with harmony, and Chinese New Year is the perfect occasion to honour and celebrate this value.”

“At Setia, we believe that for prosperity to truly thrive, harmony must begin in the spaces where we live, learn, work, and play together.”

During this festive season, Setia has introduced its own iconic CNY song called (Ān Jū Lè Yè), which is available on Spotify, while their signature music video with #TeamSetia talents can be enjoyed on YouTube.

Featuring lively, modern beats and easy-to-follow dance moves that appeal to all generations, Setia highlights the unifying hashtag #HarmonyTogetherProsperTogether across its social media platforms.

Along with the ongoing campaign, Setia will host grand CNY open houses across its sales galleries in Klang Valley, Penang, Johor and Sabah from now till Feb 16.

The list includes Setia Tropika Sales Gallery on Jan 18 and Jan 19; Setia Welcome Centre @ Aeropod on Feb 6; Setia Eco Glades Lifestyle Gallery, Bandar Kinrara Welcome Centre, Setia AlamImpian LakePoint Gallerie, D’Network @ Setia Eco Park and Setia Experience Centre @ Setia Fontaines on Feb 8; and Setia Eco Templer Sales Gallery and Setia Bayuemas Welcome Centre on Feb 15.

Concurrently, Setia is offering ‘Refer & Reward’ angpaos that are up to RM8,888, which runs until Feb 28.

Referrers of new Setia purchasers will receive RM8,888 upon successful referrals to Setia properties. Those interested may register their referrals via Setia’s signature app, Setia Go! at https://spsetia.com/en-us/setiago

For more information on this festive campaign, visit https://www.spsetia.com/en-us/cny

S P Setia launches single-storey houses at Setia Fontaines

PETALING JAYA: S P Setia Bhd recently unveiled its latest phase comprising freehold, single-storey terraced homes named Setia Suria at its verdant and lively 1,961-acre township of Setia Fontaines in Kepala Batas, Penang.

Sprawling 49.55 acres and comprising a total of 333 units, Setia Suria will be divided into two-subphases, with it’s a first sub-phase (154 units) launched over a recent weekend, and the second sub-phase (179 units) will be launched targeted in Q1’25.

With a total GDV of RM280 million and due to be completed by December 2026, Setia Suria will comprise spacious 3-bedroom 2-bathroom units that are between 1,189 sq ft to 1,221 sq ft, with an indicative price of RM430,000 onwards.

S P Setia divisional general manager Datuk Muhamad Zaili Muhammad Yusof shared, “Looking at the steady demand of the housing market in Penang, we will continue to launch our bread-and-butter products namely single-storey terraced homes Setia Suria this year end, and we are confident that the former will perform as well as our previous phases in Setia Fontaines, which are mostly 100% taken up.

“With its modern design, we believe the units will appeal to young couples, young families who are owner-occupiers in Penang, and its nearby catchment areas. All in all, we believe Setia Suria will have good value appreciation potential, capitalising on its mature population,” he added.

Setia Suria forms part of the mature, mixed township of Setia Fontaines at Kepala Batas in Penang. Its previous launches since 2018, namely City Centre Business Hub, NusaCinta Phase 1, NusaCinta Phase 2 and Amansara South are all fully sold. Its latest previous launch in 2022, Amansara North (sub-phases) recorded 88% and 70% take-up so far.

Some of its main attractions include the full-fledged and completed Setia Experience Centre, a 63-acre lake and the 37-acre Penang Heritage Park, among others.

Meanwhile, the freehold township is linked to the Setia Fontaines Link Road and the Setia Fontaines Ring Road.

In terms of connectivity, notable amenities near Setia Fontaines include nearby educational institutions such as Universiti Sains Malaysia, Universiti Teknologi Mara Penang, Industri Latihan Perindustrian Kepala Batas, Maktab Rendah Sains Mara Kepala Batas, to name a few, with nearby commercial hubs and malls such as Mydin and Sunshine.

Setia Fontaines is also strategically located nearby government offices such as Jabatan Pendaftaran Negara, Kementerian Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan, Lembaga Pemasaran Pertanian Persekutuan, Pejabat Daerah Dan Tanah Daerah S.P.

S P Setia Foundation celebrates unity and diversity at inaugural “Sincerely, Setia Youth Synergy” programme finale

In a significant milestone for community engagement and cultural celebration, the S P Setia Foundation, the charitable arm of S P Setia Bhd, proudly concluded its inaugural Sincerely, Setia Youth Synergy programme on September 26, 2024, at Setia AlamImpian. This initiative, which ran from July 1 to September 26, aimed to empower multiracial youths from local universities to actively contribute to their communities through arts and culture.

The programme engaged 126 participants, comprising 46 university students from esteemed institutions including Universiti Teknologi MARA (UiTM), Universiti Sains Islam Malaysia (USIM), and Universiti Pertahanan Nasional Malaysia (UPNM), alongside 80 school students from schools under the Setia Caring School Programme (SCSP).

At the grand finale, S P Setia Foundation Chairman YM Dato’ Tengku Marina Binti Tunku Annuar highlighted the collaborative effort with the Ministry of Education Malaysia and various educational departments. “We are immensely grateful to have partnered with the selected universities and students, whose passion and dedication have been vital to the programme’s success,” she stated. “This initiative is instrumental in promoting diversity, creativity, and unity within vulnerable communities.”

The event showcased vibrant cultural performances, with participants adorned in colorful traditional attire. Winners included UiTM 2 and SK Semenyih Selangor, who received a cash prize of RM8,000, a trophy, and certificates. UiTM 1 and SK Bukit Tampoi (A) claimed the first runner-up spot, while USIM and SJK (C) Kg Baru Semenyih secured the second runner-up position. Additionally, SKPK Princess Elizabeth received a special performance award for its exemplary participation by specially abled students.

Each shortlisted university was granted RM5,000 to implement their projects, mentor SCSP children, and report their milestones, culminating in a friendly competition at the finale.

S P Setia to hold Setia4Malaysia Unity Run 2024 at Setia EcoHill Walk on Sept 29

S P Setia Bhd will be hosting its fourth annual Setia4Malaysia Unity Run on Sunday (Sept 29) at Setia EcoHill Walk in Semenyih, Selangor.

Supported by the Ministry of Youth and Sports, there will be two categories for the run: A 5km fun run and a 21.1km half-marathon. There will also be special performances, family-oriented workshops, games, a bazaar and more. Sponsors include the likes of Nestlé, Uphaplast, Dadi Cinema, Oat Krunch, SportsNutrition, Yukazan and KTS Cellular Malaysia.

In a media statement on Wednesday, the developer said it is expecting over 5,000 participants and visitors. The event will start at 4.30am with warm-up sessions, Zumba and various activities for all ages. Runners will enjoy complimentary goodies and e-vouchers from ZUS Coffee and Dadi Cinema, among others. Additionally, the bazaar will feature 20 curated local lifestyle vendors offering locally-made clothing, home essentials, food and beverages as well as handmade crafts, gifts and collectables.

Runners’ registrations at JomRun are open until Sept 27, 2024.

The first Setia4Malaysia Unity Run kicked off in 2021 as a virtual run during the Covid-19 pandemic. In 2022, the event became a physical one with over 2,000 participants at Setia Bayuemas Lake Park in Klang. Last year, the run expanded to Setia AlamImpian, Shah Alam and Aeropod by Setia, Kota Kinabalu, drawing a crowd of more than 4,000.

S P Setia launches Setia Homefest with special deals and rewards up to RM50,000

In conjunction with its 50th anniversary celebration, S P Setia Bhd has launched the Setia Homefest sales carnival in selected sales galleries nationwide until Sept 17.

Setia Homefest will showcase developments in Setia Eco GladesSetia Alam ImpianSetia Eco ParkTaman Rinting in Johor 以及 Aeropod in Kota Kinabalu, among others.

The sales carnival offers the Homefest Package (including kitchen and renovation), cash rebates and anniversary rewards of up to RM50,000, a weekly catch of up to RM10,000, along with fun activities that are aligned with its core values of Live, Learn, Work, Play such as scavenger hunts, and a chance to win prizes, and Touch ‘n Go e-wallet credit worth up to RM300.

“We are pleased to launch our highly anticipated Setia Homefest carnival together with our 50th anniversary celebration, and in our bid to build great communities that have driven us in the last 50 years,” said SP Setia chief commercial officer Christinne Lim

“We hope that our most valued customers, Citizen Setia, and the public will bring their families, spouses and friends to enjoy the activities, rewards and benefits from this eventful sales carnival, and especially with our latest developments in the pipeline that are being offered,” she added.

SP Setia is hosting entertaining events during Setia Homefest in its various developments.

The upcoming ones are in Setia Warisan Tropika in Sepang 以及 Aeropod in Kota Kinabalu on August 24; Bandar Kinrara in Puchong and Temasya Glenmarie in Shah Alam on August 25; Setia Alamsari in KajangTaman Rinting in JohorSetia Fontaines in Penang 以及 Setia Eco ParkShah Alam on August 31, Setia EcoHill in Semenyih on Sept 1, Setia Bayuemas in Klang on  Sept 7 and Setia Eco Templer in Rawang on Sept 8.

For more information and the latest updates, log on to https://spsetia.com/enus/others/50anniversary or follow S P Setia’s Instagram accounts; S P Setia Bhd and Citizen Setia.

S P Setia 1H24 net profit up threefold

S P Setia Bhd reported a net profit of RM404mil for the six-month period ended June 30, 2024 (1H24) – an increase from last year’s earnings of RM121mil.

The property developer gained RM361mil profit from strategic monetisation of its land bank in Taman Pelangi Indah 2, Johor and Glengowrie, Semenyih.

Revenue in 1H24 rose to RM2.97bil from RM1.9bil in the previous corresponding period last year.

In a statement yesterday, S P Setia said the completion of the land deals marked a strong financial milestone for the group.

For the second quarter ended June 30, 2024 (2Q24) , the group concluded the disposal of its 50% equity stake in Retro Highland Sdn Bhd to MMC Land Sdn Bhd pertaining to Taman Ikan Emas, Cheras redevelopment project under the public-private strategic partnership with the Kuala Lumpur City Hall.

“The settlement was via a full cash consideration, which resulted in a RM56mil profit for the group during the period.”

S P Setia said the total land and development sales achieved for year-to-date 2Q24 was RM2.3bil, surpassing more than 50% the group’s financial year 2024 (FY24) target of RM4.4bil.

“Local projects contributed 96% of the group’s development sales, with the central region dominating the development sales (60%) mainly from Setia Alaman Industrial Park’s contribution.

“In Johor, the southern region’s robust sales performance accounts for 35% of the group’s development sales, with further growth potential expected from the Rapid Transit System Link infrastructure development and Special Economic Zone establishment towards the later part of the year.”

S P Setia president and chief executive officer Datuk Choong Kai Wai is optimistic about the group’s operations and financial outlook for the rest of the financial year.

“This performance underscores our strategic focus on the Malaysian market, particularly in the southern and central regions,” he said.

Leveraging on the rising market demand for industrial development, Choong said S P Setia would continue to explore feasible investment opportunities and potential strategic partnerships for its land that is currently earmarked for industrial park development, particularly in Setia Alaman and the southern region.

The group is poised to unveil major projects including the first phase of Setia Federal Hill in Jalan Bangsar, Kuala Lumpur with an estimated gross development value of (GDV) RM1.4bil.

Reflecting on the group’s financial health and prospects, Choong said its strategic portfolio management and project launches are setting a strong foundation for sustainable growth.

“We have demonstrated consistency of crucial financial improvements in the past few quarters.

“We shall ramp up our efforts to capitalise on market opportunities and deliver more value to our shareholders in the long run.”

As of June 30, the group has a portfolio of 41 ongoing projects, supported by a robust land bank of 5,261 acres valued at a GDV of RM106.69bil.

Total unbilled sales stand at a notable RM4.16bil.

The group has cemented its presence in Malaysia’s key economic centres, namely the Klang Valley, Johor Baru, Penang, and Sabah.

Moreover, the group has expanded its international footprint, with notable projects in Vietnam, Australia, Singapore, China, the United Kingdom and Japan.

Additionally, S P Setia said it achieved successful de-gearing strategies in 1H24.

“From RM10.1bil borrowings in 4Q23, it has declined significantly by RM700mil within six months to RM9.4bil as of 2Q24.

“Net gearing ratio has consistently strengthened over the past few quarters to 0.41 times per 2Q24, compared with 0.49 times in 4Q23 due to the effectiveness of the group’s debt management and capital allocation strategies.”

S P Setia also said it has seen steady progress of inventories clearance so far this year.

“The company achieved RM244mil reduction of stocks compared with the 4Q23 level, representing a 15% clearance progressively taking place through a concerted effort throughout the group.”

Additionally, in conjunction with the group’s 50th anniversary this year, S P Setia said a series of high-energy sales and marketing campaigns and customer engagement programmes had been launched and some are set to be rolled out in collaboration with the group’s various strategic partners.

These efforts are expected to strengthen the group’s refreshed brand positioning and boost sales.

The group’s refreshed brand narrative, “Shaping Spaces That Shape Us All,” reflects its dedication to not just building structures but continue to shape and inspire communities and individuals to thrive in every aspect of life – live, learn, work, and play.

To mark the occasion, a mega event at Setia City Oval Lawn in its crown jewel township Setia Alam in Shah Alam was held where more than 5,000 people attended.

Guests were treated to an array of activities anchored on its refreshed brand theme.

PNB to launch four-day premier financial literacy carnival on Aug 22

Permodalan Nasional Bhd (PNB) will be organising the Malaysia Unit Trust Week (MSAM) 2024, from Aug 22 to 25, at Setia City Convention Centre (SCCC) here.

PNB Group chairman Raja Tan Sri Arshad Raja Tun Uda said that MSAM 2024, their annual flagship financial literacy carnival held for the past 23 years, is part of their commitment to unit holders for social investment in education, community enhancement, financial literacy, and knowledge-sharing initiatives.

“This year’s MSAM carries the theme “Uplift Your Life at MSAM”, aligning with PNB’s renewed goal to strengthen the financial standing of the people across generations.

“Continuing our initiatives from previous years, financial education and Science, Technology, Engineering, and Mathematics (STEM) will be our focus to inspire young people to pursue knowledge and higher education,” he said in a statement to the media in conjunction with the MSAM corporate partners networking event today (Aug 7).

In addition to the usual financial literacy activities and knowledge-sharing sessions, this year’s event will include programmes such as a music festival, a food carnival (Maybank Islamic MAE-Dan Selera), and an auto festival.

Raja Arshad said 50 exhibitors, including companies from the PNB Group, Amanah Saham Nasional Bhd’s (ASNB) agents, regulatory bodies, and state government agencies will be showcasing investment education activities and exhibitions at MSAM 2024.

Additionally, MSAM 2024 will offer visitors prizes worth approximately RM1 million, including a serviced apartment and a BYD Dolphin electric vehicle.

PNB also announced its premier partners for MSAM 2024, which are Malayan Banking Bhd (Maybank), SD Guthrie Bhd, Sime Darby Bhd, and S P Setia Bhd.

Sime Darby Property Bhd, Perusahaan Otomobil Kedua Sdn Bhd (Perodua), and MNRB Holdings Bhd are the main partners.

Duopharma Biotech Bhd and Projek Lintasan Kota Holdings Sdn Bhd (Prolintas) are categorised as partners.

For more information, visit https://www.pnb.com.my/msam/ or follow them on Instagram: @minggusahamdigital and on Facebook at “Minggu Saham Amanah Malaysia”. — BERNAMA

Preserving a piece of paradise

As we stroll through Essex Gardens, the first phase of the Setia Eco Templer township in Rawang, Selangor, it is clear that this is a close-knit community. Management corporation (MC) chairman C K Lee and Laurelcap Property Management Sdn Bhd associate director Ho Hon Chiap often stop during our walk to greet and chat with the residents. There is a sense of ease in their interactions, one that is not easy to come by these days.

“I always tell Ho that if everyone smiles upon seeing you, it means you are doing a good job,” Lee says. “Indeed, our [the MC’s] relationship with the MO (management office) is very close. We are helping, supporting and facilitating each other to work towards the same goal — to make Essex Gardens the top place to stay in this part of the Klang Valley.

Ho says: “All 11 MC committees have been really, really supportive in helping us carry out day-to-day and mid- to long-term management plans for such a unique project here. They are also the most committed MC and most close-knit community that I have ever worked with.

“But having said that, the stress is also there, as the residents really care about the community. Every day, we receive messages and photos from the residents about different things — maybe debris in the pond or some street light not working. Every one of them is concerned about the community, and they sincerely want this little paradise they call home to stay as it is now and in the future.”

Away from the hustle and bustle of city life, the picturesque Setia Eco Templer is a one-of-a-kind landed residential development, as it is adjacent to the majestic Bukit Takun, Templer’s Park and Kanching Eco-Forest Park. With nine natural creeks and a river from the forest running through Essex Gardens, it is an oasis for nature lovers.

“The residents of Essex Gardens are nature lovers, which is why we share the same goal of keeping the place as original as possible — hence the high expectations in property management,” Lee says.

The 194-acre Setia Eco Templer was developed by S P Setia Bhd (KL:SPSETIA), and built around the natural terrain, hence the low density. Essex Gardens comprises only 234 houses on a 45.32-acre tract, which translates into roughly five houses per acre.

“If we do some mathematics here, there is only one unit for every 8,000 sq ft. The average land size per unit is 3,000 sq ft, so that means that some 25,000 sq ft in an acre is common area. Now, you can imagine the work involved in the upkeep of the place, especially the landscape — as the trees, plants, creeks and river are all natural, even the drain is natural. Most importantly, they represent Essex Gardens. Without these natural features, the project is no longer unique,” Lee says.


S P Setia president and CEO Datuk Choong Kai Wai, Lee and Laurelcap Property Management (Sel) Sdn Bhd director Jerry Lee (third to fifth from left) with (from left) The Edge Malaysia editor emeritus and the awards’ chief judge Au Foong Yee, The Edge Media Group publisher and group CEO Datuk Ho Kay Tat, The Edge Malaysia editor-in-chief Kathy Fong and City & Country senior editor E Jacqui Chan (Photo by Suhaimi Yusuf/The Edge)

Common goal

A community that shares a goal is the key to success for this development. It achieved a 96.85% collection rate in 2023, despite the 11% increase in maintenance fees from RM2.25 per share unit to RM2.50 in October 2023.

“It was the first revision since the project’s VP (vacant possession) in 2019. It was a necessary move because, from 2022 to 2023, our account was in deficit, which caused some maintenance work to be deferred because of budget constraints. With the increase in maintenance fee, major maintenance and upgrading works have been carried out over the past few months, such as repainting works and replacement of the solar bollard lights,” says Lee.

Coming up with a plan and budget for monthly and long-term maintenance work was the first priority when Laurelcap was appointed property manager for Essex Gardens two years ago.

“The project was not in its best condition when we first took over. But we can’t blame the previous MO. It was mainly due to the lockdowns. At that time, there were many restrictions on carrying out maintenance and upkeep work. Do not forget that the common areas of Essex Gardens required extra daily attention, such as tree pruning and trimming, and creek and river cleaning and maintenance,” Ho explains.

The blurred line between wear and tear and defects also contributed to the delay in maintenance work, he adds. “It is a one-of-a-kind project with so many natural elements. There was some debate and discussion on which falls under wear and tear, and which one is a defect that needs to be rectified.”

Lee says the rising cost of property management also contributed to the project’s falling into “bad shape”. “Therefore, raising the maintenance fees is a must and the proposed rate is reasonable. The agenda was quickly approved by the residents because our wish is to get the place back in shape as soon as possible.”

Thanks to the determination of residents and the property management team, Essex Gardens has successfully regained its former prestige. This achievement culminated in its emergence as a Gold winner in the Below 10 Years — Multiple-owned Strata Residential category at The Edge Malaysia Best Managed & Sustainable Awards 2024 (BMSPA 2024).

Art of communication

A key performance index that was given to the property management team by the MC was “befriend and get close” to all the proprietors, says Lee.

“As a property investor myself, I understand how important a responsible and responsive MO is to property value creation. Listening to the residents, hearing them out, communicating with them, and building good relationships are secrets of efficient property management,” Lee says. “However, we do not encourage the MO to go beyond its boundaries to attend to some unreasonable request. Anything beyond its responsibility, the MC will step in to help. It is also our responsibility as part of the MC, to be the mediator between the MO, resident and developer.”

Lee adds that maintaining a good relationship with the developer is vital for future advisory on the project’s related matters.

“The developer is resourceful. It is the designer and builder of the project and it has the experience and expertise in handling emergencies when something beyond the MC and MO’s capabilities happens. For example, a minor landslide happened in Essex Gardens in 2022, when the Klang Valley experienced abnormal rainfall, which caused several flash floods here and there. The developer took the initiative to restore the site at its own cost,” he recalls.

The developer has also agreed to spend RM2.1 million to set up 1.2km of perimeter fencing with CCTV, motion sensors and spotlights between the houses and a public river, whose section that is within the gated community is currently closed to the public.

“The authority has issued a statement [to open up the river]; so, it is something that is happening soon. Once it happens, outsiders will be able to access Essex Gardens freely from upstream.

“Thus, the fencing is important, direct access to a natural running river was one of the biggest selling points of Essex Gardens, which was a problem to solve. As much as we want the place to stay as it is, we cannot oppose the local authority’s decision, as it is true that the river is public and it is not part of the compound, and we are made aware of it. We want the beauty, but security is paramount. And we are very grateful that S P Setia was willing to build it for us at its own cost after some meetings and discussions,” Lee says.

He adds that it is also a result of the good relationship that the MC and residents have maintained with the developer over the years.

Apart from the perimeter fencing, the MC is also looking to upgrade the development’s campsite with new a toilet and washing area, as well as build a futsal court and a floating event space on the two-acre lake.

“We have a playground and open field, but we do not have a futsal area for active residents. We also lack a multipurpose hall or an event space to organise community activities or private parties. Our lake on the south is farther away from the housing area, surrounded by forest, making it an ideal location for an event space. We are thinking of a floating platform on the lake that can hold about 150 people, just nice for a small wedding or community yoga or exercise space,” Lee says.

Asked about the importance of strong community and professional property management, Lee says both parties are crucial in sustaining a development.

“We (MC members and property manager) will not stay in our positions forever. Apart from restoring and maintaining this place to its original shape as much as possible, and continuing to enhance it, our main task is also to refine the SOPs and set a benchmark for management. This will ensure that in the future, no matter who takes over our current role, there will be a clear guideline and expectations to meet. It is also one of the key reasons for us to participate in BMSPA 2024.”

S P Setia celebrates 50 years with renewed commitments

S P Setia Bhd celebrated its 50th anniversary today with a revitalised commitment to continue crafting spaces that cater to what the community and market needs.

Themed “Shaping Spaces That Shape Us All”, its chief executive officer Datuk Choong Kai Wai said the group has pioneered lively communities, driven by its “LiveLearnWorkPlay” philosophy for the last five decades.

“Today we reaffirm our commitment to these values, aiming to inspire and create spaces that resonate with beauty and purpose,” he said during the group’s Golden Jubilee celebration here today.

Choong also said the group will continue emphasising the importance of sustainability through its various initiatives, like Setia’s eGreen Living and Green Switch.

Meanwhile in conjunction with the group’s 50th anniversary celebration, a fresh approach was adopted for its brand.

This was seen through its four life-size cubics that will serve as an interactive space for the public.

Members of the public will be able to experienced arts and craft activities, ESG workshops, various competitions while enjoying a lineup of musical talents performances on July 21, 2024.