{"id":2356,"date":"2025-03-05T06:22:03","date_gmt":"2025-03-04T22:22:03","guid":{"rendered":"https:\/\/spsetia.com\/?post_type=news&#038;p=2356"},"modified":"2025-07-02T15:40:52","modified_gmt":"2025-07-02T07:40:52","slug":"s-p-setia-inks-deal-with-pdc-to-develop-350-acres-in-setia-fontaines","status":"publish","type":"news","link":"https:\/\/spsetia.com\/zh\/news\/s-p-setia-inks-deal-with-pdc-to-develop-350-acres-in-setia-fontaines\/","title":{"rendered":"S P Setia inks deal with PDC to develop 350 acres in Setia Fontaines"},"content":{"rendered":"<p>PENANG: S P Setia yesterday signed a memorandum of collaboration (MoC) with the Penang Development Corp (PDC) to jointly develop approximately 350 acres of land within\u00a0<a href=\"https:\/\/www.edgeprop.my\/buy\/penang\/all-residential?page=1&amp;searchedLabel=All%20in%20%22Setia%20Fontaines%22&amp;keyword=Setia%20Fontaines\" target=\"_blank\" rel=\"noopener\">Setia Fontaines<\/a>\u00a0into a mixed and\/or industrial development.<\/p>\n<p>This collaboration marks a milestone in S P Setia&#8217;s efforts to kick off the potential industrial estate for the company\u2019s development in\u00a0<a href=\"https:\/\/www.edgeprop.my\/buy\/penang\/all-residential?page=1\" target=\"_blank\" rel=\"noopener\">Penang<\/a>. \u201cWith PDC\u2019s proven track record of transforming Penang into a thriving industrial region, this partnership is both timely and essential in accelerating growth,\u201d stated S P Setia in a media release.<\/p>\n<p><a href=\"https:\/\/www.edgeprop.my\/buy\/penang\/all-residential?page=1&amp;searchedLabel=All%20in%20%22Setia%20Fontaines%22&amp;keyword=Setia%20Fontaines\" target=\"_blank\" rel=\"noopener\">Setia Fontaines<\/a>, a 1,691-acre mega township located in the heart of North\u00a0<a href=\"https:\/\/www.edgeprop.my\/buy\/penang\/seberang-perai\/all-residential?page=1&amp;searchedLabel=Seberang%20Perai\" target=\"_blank\" rel=\"noopener\">Seberang Perai<\/a>, is in the process of rezoning approximately 350 acres of total development as part of S P Setia&#8217;s strategy to expand its green-themed industrial parks portfolio. The company is also focusing on developing green-themed industrial parks at Setia Alaman in\u00a0<a href=\"https:\/\/www.edgeprop.my\/buy\/selangor\/shah-alam\/all-residential?page=1&amp;searchedLabel=Shah%20Alam\" target=\"_blank\" rel=\"noopener\">Shah Alam<\/a>\u00a0\u4ee5\u53ca\u00a0<a href=\"https:\/\/www.edgeprop.my\/buy\/johor\/all-residential?page=1&amp;searchedLabel=All%20in%20%22Tanjung%20Kupang%22&amp;keyword=Tanjung%20Kupang\" target=\"_blank\" rel=\"noopener\">Tanjung Kupang<\/a>\u00a0in\u00a0<a href=\"https:\/\/www.edgeprop.my\/buy\/johor\/all-residential?page=1\" target=\"_blank\" rel=\"noopener\">Johor<\/a>. The company has identified 1,000 acres of landbank for industrial purposes.<\/p>\n<p>\u201cWe are thrilled to enter this collaboration with the Penang Development Corp, which has played a pivotal role in Penang&#8217;s industrial success. This partnership will accelerate the growth and boost our regional industrial land strategy. With our focus on developing green-themed industrial parks, including Setia Alaman and Setia Tanjung Kupang, we are confident that this initiative will contribute significantly to our sales growth and profitability,&#8221; said president and CEO of S P Setia Datuk Choong Kai Wai.<\/p>\n<p>\u201cThe development of these industrial estates will create a robust foundation, leveraging high demand in the industrial real estate sector to ensure enduring value and growth to be injected into Setia REIT in the future,\u201d Choong added.<\/p>","protected":false},"excerpt":{"rendered":"<p>PENANG: S P Setia yesterday signed a memorandum of collaboration (MoC) with the Penang Development Corp (PDC) to jointly develop approximately 350 acres of land within\u00a0Setia Fontaines\u00a0into a mixed and\/or industrial development. This collaboration marks a milestone in S P Setia&#8217;s efforts to kick off the potential industrial estate for the company\u2019s development in\u00a0Penang. \u201cWith [&hellip;]<\/p>\n","protected":false},"featured_media":2367,"template":"","news_category":[16,18],"township-news":[],"venues-news":[],"class_list":["post-2356","news","type-news","status-publish","has-post-thumbnail","hentry","news_category-general","news_category-project-launches"],"acf":[],"_links":{"self":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/news\/2356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/media\/2367"}],"wp:attachment":[{"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/media?parent=2356"}],"wp:term":[{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/news_category?post=2356"},{"taxonomy":"township-news","embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/township-news?post=2356"},{"taxonomy":"venues-news","embeddable":true,"href":"https:\/\/spsetia.com\/zh\/wp-json\/wp\/v2\/venues-news?post=2356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}