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PostPosted: Mon 03 Mar 2008 8:53 
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Pegawai Daerah
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Joined: Sat 11 Aug 2007 13:33
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Location: Impian 8
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You can always see the progress photo by using below path

http://www.spsetia.com.my/sitephoto/YOUR-PHASE-NAME.jpg

For example,
http://www.spsetia.com.my/sitephoto/alisma.jpg
http://www.spsetia.com.my/sitephoto/tunera.jpg
http://www.spsetia.com.my/sitephoto/dallis.jpg
http://www.spsetia.com.my/sitephoto/arundina.jpg

Image

But, I'm not sure whether they are the latest updates...


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PostPosted: Mon 03 Mar 2008 8:58 
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Pegawai Daerah
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tengster wrote:

Thanks, I don't realize about this link :lol:


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PostPosted: Fri 28 Mar 2008 14:19 
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Tun
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SP Setia posts RM48.5m profit
http://biz.thestar.com.my/news/story.as ... c=business

PETALING JAYA: SP Setia Bhd posted net profit of RM48.52mil for the first quarter ended Jan 31, up 3.8% from RM46.76mil in the previous corresponding period, boosted by its property development in the Klang Valley, Johor Baru and Penang.

In a statement to Bursa Malaysia yesterday, the company said revenue rose 19% to RM303.65mil from RM255.21mil. Earnings per share was 4.81 sen compared with 4.56 sen before.

Apart from property development, the group’s construction and wood-based manufacturing activities contributed to its earnings.

SP Setia said its focus for the current financial year was to transform itself from being largely a Malaysian developer of residential homes to a fully integrated regional real estate developer.

Commenting on its first integrated commercial project, Setia Walk in Pusat Bandar Puchong, the company said sales had been encouraging.

On its overseas ventures, SP Setia said it targeted to launch its first overseas project in Vietnam by July.

Meanwhile, Reuters reported that SP Setia expects to double 2007 earnings within four years and predicts that its Vietnamese business will turn a profit by 2009.

Speaking on the sidelines of an investor conference, SP Setia chief executive officer Tan Sri Liew Kee Sin said he expected sales to rise by 56% to RM1.8bil this year from last, beating the average forecast of RM1.3bil by 14 analysts polled by Reuters Estimates.

“We are saying that by 2012 we will double our profit but it won’t be a smooth ride. By 2012, I want our overseas business to contribute at least 30% of profit. By 2009 Vietnam will start to contribute to profit.”

Liew, who owns 12% of the company’s shares and travels to Vietnam once a week to oversee SP Setia’s expansion there, also said its domestic business was on track and investor concern over delays of project launches was unjustified.

SP Setia shares have lost 27% of their value since the start of the year due to poor investor sentiment resulting from political uncertainty and the global financial crisis, valuing the company at US$1.2bil.

They have underperformed the stock market, which has dropped 14% in the same period.

SP Setia owns 1,900ha worth RM30bil. Less than 10% of its land is earmarked for commercial property.


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PostPosted: Thu 17 Apr 2008 10:20 
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Pegawai Daerah
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SP Setia wins best developer award

KUALA LUMPUR: SP Setia Bhd's eco-friendly development, Setia Eco Gardens, has won the “Best Developer Office/Commercial Project Award (Built Category)” at the Cityscape Asia Real Estate Award 2008 held in Singapore.

Image
SP Setia COO Datuk Voon Tin Yow (left) receiving the award from Iebua Hotels and Resorts CEO Deepak Ohri

In a statement, SP Setia said the award was for outstanding developments such as hotels, leisure facilities, office buildings or commercial plots that showed world-class standards of designs, safety and security, energy efficiency and innovation.

“The Setia Eco Gardens sales gallery covers 2.2ha with a total built-up area of 1,900 sq m and is surrounded on all sides by water that serve as a cooling agent while beautifying the landscape,” it said. – Bernama

Source: http://star-space.com/news/story.asp?fi ... &sec=pnews


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 Post subject:
PostPosted: Thu 17 Apr 2008 11:32 
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Tun

Joined: Wed 04 Oct 2006 12:23
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Location: SA
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Did SP Setia actually go buy those Awards? :D As this is common out there.


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 Post subject:
PostPosted: Thu 17 Apr 2008 21:20 
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Pegawai Daerah
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I'm not sure if SP Setia bought all these awards to boost it's sales and reputation in the property arena,but am not surprise if they did!!
In today's business society, any tactics can be used in order to survive. :)


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PostPosted: Mon 26 May 2008 9:29 
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S P Setia builds luxury high-rise in KLCC
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Setia Sky Residences is S P Setia's first project downtown

The Kuala Lumpur City Centre is a coveted address for many real estate players. Award-winning S P Setia Bhd is not about to be left out of the action.

Although the established developer is a newcomer to the location, its divisional general manager Wong Tuck Wai is confident that the RM800 million Setia Sky Residences, its first downtown project, will be well-received because of its novel concept and superb location.

"This is our first high-end condominium project in the area and, having built a strong reputation in the landed luxury property segment, we are excited to realise our vision of luxury high-rise living with Setia Sky Residences," says Wong.

The six-acre freehold Setia Sky Residences is strategically located on the intersection of Jalan Tun Razak and Jalan Raja Muda Abdul Aziz Shah. It comprises 844 units, with sizes ranging from 1,044 to 1,679 sq ft. The project will be launched in stages, with the first batch up for sale by July. S P Setia is carrying out a registration drive for prospective buyers.

Wong says the target market will be owner-occupiers and property investors, both foreign and local, who wish to own a premium property with good appreciation potential.

"We believe Setia Sky Residences has all the ingredients of success. While the project is not on the immediate fringe of KLCC, most of the units offer a clear view of the Twin Towers. Indicative price is RM800 psf. The current selling prices of other high-rise projects in the KLCC area are above RM1,000 psf while those within the direct vicinity of KLCC have even exceeded RM2,500 psf. Our price is very attractive and offers good upside potential," he says.

Wong says the concept and design of Setia Sky Residences were inspired by the fluid lines of natural landforms. "The faces of the tower fronting KLCC are sculpted into a curvilinear form. This gives a longer building edge that allows more units to face this dramatic view. The sides facing the Titiwangsa Lake are shaped into slender and elegant forms, creating a dynamic composition of building blocks."

Setia Sky Residences has four towers of 40 storeys and will be ready by 2011. The layout includes a lobby for private lifts, a full range of family-recreational facilities spread over 40,000 sq ft of space at the Sky Deck (Level 5) and the Sky Club (Level 34).

The Sky Deck, located on the roof of the car park podium, features a playing area for children, spaces for family parties, a function room for big parties and a "secret spa garden" surrounded by lush greenery for quiet relaxation.

The Sky Club has four private entertainment villas. Each of the two villas on either end has a dramatic infinity plunge pool. All the villas are equipped with a kitchenette, where residents can host parties, The club also comes with a lap pool and a fully equipped gym with an aerobics and dance studio.

For the past three consecutive years from 2005, S P Setia has ranked first in The Edge Top Property Developers Awards. The developer's flagship projects include the 2,525-acre Setia Alam and the 791-acre Setia EcoPark in Shah Alam. In KL, S P Setia has three high-end projects — Duta Nusantara and Duta Tropika in Sri Hartamas, and Setiahills in Ampang. In Johor, it has Bukit Indah Johor in Bandar Nusajaya, Setia Indah Johor in Tebrau, Setia Tropika in Kempas and Setia Eco Gardens in Pulai. It also has Setia Pearl Island in Bayan Lepas, Penang, and Aeropod @ Tg Aru, Sabah. Last June, the group also inked a deal with Vietnam's top state-owned conglomerate, Becamex IDC Corp, to develop its maiden residential project there.

The Edge Investment Forum on Real Estate 2008 held on May 10 was supported by S P Setia.

By The EDGE Malaysia - City & Country (by Allison Lee)


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 Post subject:
PostPosted: Mon 26 May 2008 10:19 
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Tun

Joined: Sat 03 Mar 2007 13:50
Posts: 9484
Location: Setia Tropika, U13/20D
with Rm800/sqft, there are literally >10 projects closer to KLCC that one could consider. Few of them already handed over and can generate immediate rental income.

Unless you want to stay close to GH and Heart Hospital.

My view is that the price is too high to jump into. Not very "1st timer in high rise" friendly approach.


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PostPosted: Mon 26 May 2008 14:06 
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Tun
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linustw wrote:
with Rm800/sqft, there are literally >10 projects closer to KLCC that one could consider. Few of them already handed over and can generate immediate rental income.

Unless you want to stay close to GH and Heart Hospital.

My view is that the price is too high to jump into. Not very "1st timer in high rise" friendly approach.


linus: How is Orion doing? the one located a stone throw away from IJN.

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 Post subject:
PostPosted: Mon 26 May 2008 15:15 
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Tun

Joined: Sat 03 Mar 2007 13:50
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Location: Setia Tropika, U13/20D
tengster wrote:

linus: How is Orion doing? the one located a stone throw away from IJN.


Sorry mate, Orion fell out of my radar and have been very quiet lately. No one even mention abt this project on any forums. But it's not ready yet.


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 Post subject:
PostPosted: Mon 26 May 2008 15:36 
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Dato
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But isn't the building quite ready already? I passed by last week and saw that the building is ok already ler.. Or did i see the wrong one? Is it the one just next to IJN?


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PostPosted: Sat 31 May 2008 12:07 
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Pegawai Daerah
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SP Setia uses ECO approach
By S.C. CHEAH

TOP property developer SP Setia Bhd set up a Corporate Responsibility Think Tank late last year to map out a long-term strategy towards fulfilling its corporate social responsibilities.

For years, everyone in the public-listed group, from the directors to the most junior employees, have been involved in community work, preserving the environment and nurturing a caring community.

The best part is that staff members enjoy their voluntary work, with many even performing at the company’s annual dinner and other functions.

Chief operating officer Datuk Voon Tin Yow said the group believes the time is ripe to take its social activism to the next level. “Our aspirations as a responsible corporate citizen can be summed up in a single statement: Building Sustainable Communities for All.”

Image
Datuk Voon Tin Yow (right) and executive director Khor Chap Jen.

Voon said the group’s activities and approach were reflected in the acronym “ECO” where “E” stands for environment, “C” for community and “O” for organisation.

Environment: Its focus is on the 3Rs – reduce, reuse and recycle – and it pledges to never develop projects on environmentally sensitive land.

It recently held a 13-week long Setia Indah Recycling Campaign initiated by Setia Indah Residence Club, Southern Waste Management (SWM) and the Johor Baru City Council. Some 1,200 residents turned up every week with old newspapers, magazines, plastic bottles and aluminium cans to exchange for cash.

Voon said 34 tonnes of material were collected during the campaign and SWM paid out RM9,348 to the residents.

“We take into consideration how our developments could impact the environment. For example, at Setia Eco-Park we try not to cut too much of the terrain but keep as much to the original contours as possible. We also try not to disturb the eco-system and change the drainage system too much,” he added.

Other efforts include designing offices that are energy-efficient such as the new Setia Corporate Tower and the Setia Eco Gardens sales office.

It also observes Earth Day 2008 at Setia Eco Gardens with a carnival, nature excursions and exhibition. It has also introduced energy-efficient homes and preserved the biodiversity and created living environments in projects such as Setia Eco-Park in Shah Alam and Setia Eco Gardens in Johor Baru

Community: SP Setia prides itself in being a developer of communities where people can live in harmony and interact closely with one another. With plenty of amenities, residents can “live, learn, work, play” in the same township.

In the case of its 4,000-acre Setia Alam in Selangor, the company has set aside some 200 acres for a commercial centre and amenities for the residents. In the adjacent Setia Eco-Park, it is building some 3,000 high-end homes and even built a link to the North Klang Valley Expressway.

“We also take into consideration the travel patterns of the residents and plan our development in such a way that residents do not generate too many trips. All our projects have amenities such as parks, schools, a sports academy and shopping malls. We also invest heavily to provide top-notch infrastructure for all our projects,” Voon said.

Its biggest contribution to society is via SP Setia Foundation, a charity trust established in January 2000 to provide financial assistance to needy individuals and charitable bodies.

A core activity of the foundation is the Setia Adoption Programme that has adopted 2,300 students of all races from 119 primary schools.

The programme provides school bags, stationery, school uniforms, books, school fees, canteen meals, and tuition fees worth RM700 to RM800 per pupil annually up to Year 6. A series of holistic activities like home visits, holiday camps, UPSR motivation camps, dialogues with parents and excellence awards night are organised under the programme.

Voon said the foundation had raised RM35.5mil since 2000, with group managing director and chief executive officer Tan Sri Liew Kee Sin personally donating RM300,000 a year. The group alone donates RM1.5mil a year to charity.

The foundation has spent over RM11.6mil in the Setia Adoption Programme from 2000 to 2007. In 2003, the programme was extended to secondary education where straight A scorers in the UPSR examination would each receive RM1,000 a year. At present the group has adopted 168 such pupils.

Organisation: Hewitt Associates, Asian Strategy of Leadership Institute and Malaysian Employers Federation have voted SP Setia the Top 10 Best Employer in Malaysia for 2003 and 2005.

Voon said its many staff benefits include interest-free study loans, free lunch boxes for all employees on normal working days (annual cost is RM60,000), three paternity leave days and 60 maternity leave days, staff discount on the purchase of a residential unit for every two years of service, merit-based performance appraisal system which rewards high productivity, outpatient medical treatment and check-up reimbursement for employees and their family members, including parents, spouses and children, and over 100 types of in-house and external training.

“We also have an Employees Prolonged Illness Scheme whereby the company will continue to give full monthly basic salary for the first two months of medical leave; half pay for the second two months and no pay for the third two months’ leave,” Voon added.

Source: http://biz.thestar.com.my/news/story.as ... c=business


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 Post subject:
PostPosted: Sat 31 May 2008 13:42 
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Tun

Joined: Sat 03 Mar 2007 13:50
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Location: Setia Tropika, U13/20D
I got the feeling that it's Setia's internal policy that they must submit at least one article to the press every fortnight!

Mark my words. in two weeks time, there will be another press release. Perhaps this time will be the opening of new BSA office.

Wanna bet?


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 Post subject:
PostPosted: Sat 31 May 2008 20:10 
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Pegawai Daerah
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linustw wrote:
I got the feeling that it's Setia's internal policy that they must submit at least one article to the press every fortnight!

Mark my words. in two weeks time, there will be another press release. Perhaps this time will be the opening of new BSA office.

Wanna bet?


I thought only celebrities want publicity... it seems that SP Setia is adopting this 'lifestyle' too :lol:


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 Post subject:
PostPosted: Sun 01 Jun 2008 11:56 
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Tun

Joined: Sat 03 Mar 2007 13:50
Posts: 9484
Location: Setia Tropika, U13/20D
dickychow wrote:
I thought only celebrities want publicity... it seems that SP Setia is adopting this 'lifestyle' too :lol:


the only diff is celebrities usually create bad publicity to raise their profiles (britney, Lohan, Hilton) and Setia creates good publicity.

Actually, in Hollywood, any publicity is a good publicity! :lol:


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