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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 offers comfortable living surrounded by greenery

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 all set for Glades of Westlake launch

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.

Soaring Aspirations: Why S P Setia’s Aspire Tower Is The Jewel In KL’s New Golden Triangle

Winner of 2019 FIABCI Malaysia Property Awards (Office Category) and 2020 FIABCI World Prix d’Excellence Awards (Office Category), S P Setia’s 25-acre integrated mixed-use development, KL Eco City has transformed the urban landscape of Bangsar. With its transit-oriented approach and excellent mix of commercial offices, residential towers, retail outlets and hospitality offering, it has further reinforced that KL Eco City is now at the epicentre of Kuala Lumpur’s new golden triangle. This triangle refers to the area captured within Damansara Heights in the north, Bangsar in the centre and south, and KL Sentral in the east.
Trends show that rather than flock to the centre of Kuala Lumpur, companies are now looking towards this area for office space. Drawn no doubt by the desirability of better accessibility, improved road and rail connectivity and an abundance of facilities targeted at business communities and office crowds.

See also: Discover The Ultimate Luxury Living Experience At Setia Sky Seputeh

The magnificent 42-storey tower is Bangsar newest landmark
The magnificent 42-storey tower is Bangsar newest landmark
Located at the heart of KL Eco City is the development’s last and finest commercial landmark, Aspire Tower. At 42-storeys, the gleaming tower encapsulates the highest standard for integration of workplace, leisure and connectivity to meet the requirements of global corporations. The Grade-A stratified corporate office tower presents an invaluable opportunity for entrepreneurs and owner-occupants to purchase their own office in what is fast becoming Kuala Lumpur made most desirable business address.

Aspire Tower is located at the heart of the 25-acre integrated mixed-use and transit-oriented development, KL Eco City
Aspire Tower is located at the heart of the 25-acre integrated mixed-use and transit-oriented development, KL Eco City

Aspire Tower’s appeal is enhanced by its location with its proximity to established living precincts and connectivity to the sprawling Mid Valley City, linked conveniently by a pedestrian link bridge. Being a transit-oriented development, KL Eco City is not only conveniently interconnected, its easily accessed with six new ramps and bridges that provide seamless channelling to the existing key highways and roads including 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, particularly crucial during peak hours. All of Kuala Lumpur’s major transport links are accessible through its LRT-KTM integrated rail hub comprising the existing Abdullah Hukum LRT Station which is linked to the new KTM Komuter Station. Catching flights even during rush hour need not be an extra worry as one can easily access the KLIA Express via the LRT with only two stations to KL Sentral and onward smoothly from there to KLIA.

Linked to Mid Valley City and an integrated KTM & LRT Rail Hub, KL Eco City’s superior connectivity is a key attraction
Linked to Mid Valley City and an integrated KTM & LRT Rail Hub, KL Eco City’s superior connectivity is a key attraction

They say your office space will dictate your business growth, your ability to attract the right workforce and your overall reputation and branding. Having a prestigious business address not only adds power and credibility to your brand, it will make it far more likely that you will also attract high-end clients. With its enviable Bangsar address, Aspire Tower’s neighbours at KL Eco City are an impressive mix, bridging diverse industries from professional services, consumer electronics and new tech such as Samsung Malaysia Electronics, Zurich Malaysia, F-Secure, Gibraltar BSN Life Berhad , Phillip Wain Malaysia, WeWork, Shopee, Klook, J&T Express, Veolia Water. This fostering of a dynamic corporate community continues in Aspire Tower which has been intelligently designed to engender creativity and collaboration between businesses.



Three curated office configurations target different sized entities and what works best for them.

Potential owners and office occupiers are offered a well curated trio of office configurations targeted at different sized entities and what works best for them. Executive offices starting from 1,152 sq ft to 1,971 sq ft are compact workspaces ideal for start-ups and give these small companies the leverage of a prime locale and the elite company of multi-nationals. This smaller size is also perfect for companies which are rightsizing in the wake of the pandemic while still being able to keep a prestigious address.

The Signature office runs from 3,632-16,393 sq ft and are targeted at SMEs who require spacious high-quality workspaces within a desirable location. The Premier office takes up an entire level and will serve large corporations with style. Spanning across 18,690 sq ft, these prime workspaces on the highest floors also provide privacy and security as only those who work there have access to the floor, a highly desirable trait in these safety conscious times.

Sky dining @ Aspire Tower
Sky dining @ Aspire Tower

A slew of amenities reinforce the lifestyle element even within Aspire Tower with service premises which include wellness facilities adjoining with a swimming pool, sky dining and business centre are available for outright purchase by companies. A generous outlay for elevators, 16 in all, efficiently serve the tower via two independent lift lobbies. In a value added feature for office towers, occupants of Aspire Tower can enjoy the benefit of owning car parking spaces that are accessorised to your purchase of selected offices. This entitles you to your very own private parking bays instead of the daily struggle of finding a space in a labyrinth of a parking lot plaguing most office workers.

KL Eco City's final skyscraper office tower is worth the wait
KL Eco City’s final skyscraper office tower is worth the wait

In today’s changing working climate, Aspire Tower’s offerings strike the right balance of flexibility in choosing the office solution that works best for your company while having a range of services and facilities within the “vertical city” to allow occupants to live their best work life. Combined with its incredibly location and connectivity, Aspire Tower is poised to be KL’s most desirable work address.

*Images displayed are artist’s impressions only

For more information: Visit www.aspiretower.com | Contact: +6011-1221 9714 WhatsApp: https://cutt.ly/IxkvnA5 | Sales gallery: Setia International Centre @ KL Eco City

Setia Ecohill 2 launches next phase of affordable double-storey terrace homes with flexible layouts

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 to launch Acorus 2 landed homes at Setia EcoHill 2 this weekend

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.

S P Setia to launch Acorus 2 at Setia EcoHill 2

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.

S P Setia eyes monetisation of landbank

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.

Logistics, e-commerce, healthcare among areas for S P Setia’s potential business diversification

KUALA LUMPUR (March 24): Property developer S P Setia Bhd said it had identified several potential areas for business diversification, according to the group’s 2020 Annual Report released today.

It said logistics, e-commerce, healthcare and assisted senior living are among the markets to be explored by the group.

This is among the key areas to build S P Setia’s business in a profitable yet sustainable manner, noted the group.

S P Setia said it is constantly on the lookout for partners who are able to offer different areas of expertise that would complement and unlock the value of its land bank.

“We seek to strategically expand our investment property portfolio as a means of business diversification and to secure steady revenue streams,” it said.

Moreover, it seeks to reduce its gearing and maintain the optimal structure by continuously reviewing its capital structure to ensure it is able to support project development and growth, besides monetising selected land bank to raise funds, which will be a key area in 2021.

As property sales are the group’s key source of revenue, S P Setia said it had accelerated the adoption of digital technologies to engage with potential buyers online by launching two apps, namely Setia On The Go and Setia Virtual-X, with various targeted advertising and promotional activities during the movement control order (MCO) period.

To recap, the property developer returned to the black in the fourth quarter ended Dec 31, 2020 (4QFY20) with a net profit of RM55.49 million, from a net loss of RM263.43 million for the immediate preceding quarter, due to the absence of an impairment loss of RM336.3 million from its 40%-owned British joint venture (JV) Battersea Project Holding Co Ltd.

Its quarterly revenue also recovered by 3.08% quarter-on-quarter (q-o-q) to RM1.11 billion from RM1.08 billion for 3QFY20.

However, on a yearly basis, net profit dropped by 24.03% year-on-year (y-o-y) to RM55.49 million from RM73.04 million for 4QFY19, but quarterly revenue grew by 39.88%.

For the full FY20, however, S P Setia was in the red with a net loss of RM321.03 million against a net profit of RM353.75 million a year earlier.

At the time of writing today, S P Setia was down three sen or 2.73% to RM1.07, with some 1.22 million shares traded. At RM1.07, the group had a market capitalisation of RM4.3 billion.

Bywater Homes series ‘Plenum’ fully booked within an hour

16 MARCH, SHAH ALAM: S P Setia Berhad’s flagship township development, Setia Alam in Shah Alam, Selangor, held an online launch for its latest Bywater Homes double-storey terrace project, Plenum. The online launch saw the phase being fully booked within an hour of going live on 14 March, Sunday.

With a gross development value (GDV) of RM52 million, Plenum consists of 62 freehold units measuring 22ft by 70ft. Price starts from RM778,000, and its two built-up sizes are 2,157sqft and RM2,080sqft.

“We are elated by the overwhelming response received for Plenum as with all our Bywater Homes’ earlier phases. This is a testament to the trust purchasers have in the Setia brand and in what Setia Alam can offer. Especially with the COVID-19 Movement Control Order and its recovery phases after that, there is a higher realisation and demand for homes in matured townships that is safe and secured, surrounded by a variety of amenities and seamless connectivity infrastructures which are fundamental for self-sustaining lifestyles,” said Bandar Setia Alam Divisional General Manager Tan Siow Chung.

He added, “Many of our buyers for the Bywater Homes project are upgraders from surrounding areas like Meru, Kapar, Bukit Tinggi in Klang as well as Shah Alam.”

 

Tan Siow Chung, Divisional General Manager

For those who have missed out on owning homes such as Plenum in Setia Alam, fret not! We are planning to launch the new township, Setia Alaman, which is adjacent to Setia Alam, very soon and can look forward to the same well-thought township planning as Setia Alam. Those who are interested in being the first to know about the launch can register their interest at spsetia.com/en-us/property/malaysia-(central)/setia-alam/setiaalam/home or contact +603 3343 2255.


Type E of Plenum double-storey terrace homes are fitted with 4+1 bedrooms

 

S P Setia’s Plenum home in Setia Alam fully booked within one hour

KUALA LUMPUR (March 16): S P Setia Bhd’s township Setia Alam in Shah Alam, Selangor, saw 62 units of its Bywater Home two-storey Plenum product fully booked within an hour after its online launch on March 14.

The RM52 million Plenum homes measure 22ft by 70ft and come with two built-up of 2,157 sq ft and 2,080 sq ft with prices starting from RM778,000. The units come with four bedrooms.

Bandar Setia Alam divisional general manager Tan Siow Chung said in a press release that many of the buyers were upgraders from surrounding areas like Meru, Kapar, Bukit Tinggi in Klang and Shah Alam.

Tan said many of the buyers were upgraders from surrounding areas like Meru, Kapar, Bukit Tinggi in Klang and Shah Alam.

“We are elated by the overwhelming response received for Plenum as with all our Bywater Homes’ earlier phases,” he said.


Type F of Plenum offers thoughtfully designed spaces to live, learn, work and play with four bedrooms and two living areas.

“With the Covid-19 Movement Control Order and its recovery phases after that, there is a higher realisation and demand for homes in mature townships that are safe and secure, surrounded by a variety of amenities and seamless connectivity infrastructures which are fundamental for self-sustaining lifestyles.”

Meanwhile, S P Setia is readying itself for the launch of its new township Setia Alaman, which is adjacent to Setia Alam. More details will be forthcoming.