Malaysian developer SP Setia plans to roll out 13 residential projects this year with a combined gross development value (GDV) of RM4.7 billion. Overall, these would comprise about 8,200 units of landed and strata properties.
These include the RM91 million Carnegie project in Melbourne that consists of low-rise apartments, as well as the Eco Xuan township in Vietnam which is valued at RM3 million.
“Out of the 13, we have already launched two this year and those are the three-storey terrace houses and three-storey linked semi-detached homes in Setia Alam with a GDV of RM128 million,” said SP Setia’s President and CEO Datuk Khor Chap Jen.
“The other one that we have launched is the Phase I of Setia Eco Templer in Selayang, with a GDV of RM269 million.”
Moreover, Khor expressed his confidence that SP Setia will be able to reach its sales target of RM4 billion by year-end.
“We still see healthy demands for certain locations and this is where we are targeting. It is about packaging our products to the demand of the market.”
As of December 2015, the conglomerate still had 3,907 acres of undeveloped land remaining and 27 ongoing developments with a collective GDV of RM70.6 billion, he added.
Image: Sourced from The Star
Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my
