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Old November 17th, 2008, 04:46 AM   #121
patchay
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Guys....shall we bring these to the real thread???

btw... see the empty land on the megamall side... that's MIDVALLEY PHASE 3 ... iconic residences....
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Old November 17th, 2008, 05:09 AM   #122
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OMG! That aerial photo, it looks like the buildings are over 300m!!
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Old November 17th, 2008, 05:24 AM   #123
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Quote:
Originally Posted by Greg View Post


I realize is either the FIRST or the SECOND... (SP Setia... build both boleh?))
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Old June 21st, 2009, 05:20 AM   #124
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Quote:
Originally Posted by Greg View Post



Quote:
Location @ Abdullah Hukum LRT station
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Old June 21st, 2009, 06:36 AM   #125
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with that sky bridge,more convenient to take LRT than commuter.but how far exactly is it from the station to mid valley?hmmm...could do some exercise
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Old June 21st, 2009, 09:04 AM   #126
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around 250m to 300m. of course, they can air conditioned or put a travellator on the link, but we'll see.

i just like to see it got started first. what's that Chinese proverb? "the journey of a thousand miles begins w/ a single step?"
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Old June 21st, 2009, 11:26 AM   #127
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hey,thats very cool info dude.thanks.i cant wait for it to start too.

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Old June 21st, 2009, 06:03 PM   #128
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i think they hv thousand brainies cracking hard on this issue; traffic dispersal solution. at this scale, both lrt and ktm stations are inadequate to feed, and look at the midvalley traffic dispersals to federal highway and jln bangsar, it was so single minded strategy thats all traffic goes around mv, and practically leave very little room for other developments in the region to plan and integrate.
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Old June 27th, 2009, 06:21 AM   #129
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---

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Old July 1st, 2009, 11:49 AM   #130
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SP Setia mulls RM5b property project
Published: 2009/07/01

SP Setia Bhd, Malaysia’s biggest property developer, is considering starting a RM5 billion office and residential project in Kuala Lumpur in 2010, chief executive officer Tan Sri Liew Kee Sin said in an interview today.

The project, on a plot next to the Mid Valley shopping mall, would be a joint venture with Kuala Lumpur City Hall, he said.

He also said SP Setia Bhd will report lower earnings this fiscal year because of poorer profit margins.

Earnings may improve next fiscal year, when the company will be “more aggressive,” he said.

In a statement today, SP Setia said total sales for the year ending October 2009 reached RM1.04 billion (US$295 milion) as of June 30.

The property market is showing “positive signs,” the company said. -- Bloomberg
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Old July 1st, 2009, 11:55 AM   #131
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wowww!! 5 bil cool!!
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Old July 1st, 2009, 01:37 PM   #132
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ada 3 bil lagi boleh bina HST...LOL!
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Old July 4th, 2009, 09:25 PM   #133
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Quote:
Originally Posted by Greg View Post



Quote:
SP Setia CEO doesn’t see PNB takeover taking place
Thursday June 25, 2009
By ANGIE NG

Liew cool over possible takeover

SHAH ALAM: Although Permodalan Nasional Bhd (PNB) has raised its stake in SP Setia Bhd to 32.9% which can easily trigger a general offer if it decides to further increase its stake to 33% in the coming days, the company’s president and chief executive officer Tan Sri Liew Kee Sin is unperturbed by worries of a potential takeover.

Addressing concerns voiced by the investment community that PNB may further raise its stake in the company and the possibility of the company being taken private, Liew, who owns 12% of the company, said he personally did not think that would happen.

“It does not make sense for the fund to take the company private because that will not serve any purpose in further adding value to its investment. Whatever future plans there may be, they will add value to the SP Setia group,” he told StarBiz.


PNB controls three property developers – Island & Peninsular Bhd, Petaling Garden Bhd and Pelangi Bhd – all privatised between 2005 and 2007.

Liew sees PNB’s majority stake in the company as a boon that will enhance its value as a premier developer.

The investment fund, which has been a shareholder of SP Setia since the 1990s, had from last March started picking up more of the company’s shares in the open market.

He said being an investment fund, PNB would always be on the lookout to create value for its unitholders.

“Its purchase of the company’s shares over the last 16 months to become a majority shareholder underscores the good value it sees in SP Setia. We are very pleased to have a strong and long-term shareholder that looks for long-term value enhancement potential rather than quarter-on-quarter results performance,” Liew added.

He said the company’s goal was to have good, long-term institutional shareholders as their presence was a sign of confidence in the company’s potential and in what it had achieved so far.

Other institutional shareholders of SP Setia include the Employees Provident Fund with 12%, Capital Group of the US also with 12%, and other foreign shareholders which hold another 14% in the company.

On June 18, SP Setia announced the appointment of two nominees of PNB – Tan Sri Wan Mohd Zahid Mohd Noordin and Datuk Noor Farida Mohd Ariffin – as its new non-independent and non-executive directors.


SP Setia’s two executive directors – Khor Chap Jen and Teow Leong Seng – resigned from their positions on the same day.

However, both remain with the company in their existing capacity as executive vice-president in charge of property division (central) and executive vice-president/CEO of international business development respectively.

Analysts concurred that Liew’s hands-on management was a huge asset to SP Setia’s growth to become the largest property company by market capitalisation at RM4bil, based on the closing price of its shares at RM3.98 yesterday.

“The possibility of PNB taking over SP Setia and taking it private is very slim as the move will dilute the company’s value. It is also fair to say that the current management team led by Liew is highly professional and will be hard to replace,” an analyst with a foreign brokerage said.

ECM Libra property analyst Bernard Ching said the company was moving into the next stage of transformation from being a Malaysian-centric property player to a regional player.

“The management led by Liew has an enviable track record in Malaysian property scene. Its long term prospects are underpinned by its drive to penetrate high growth regional markets such as Vietnam and most recently China. While pursuing growth in new markets, management is also cognisant of risks involved and has structured its investment with minimal upfront cost and deferred payment based on development progress.

“Domestically, it is venturing into large scale commercial development such as Setia City. Its long-awaited The Kuala Lumpur Eco City project in Abdullah Hukum is also poised to enhance its value going into the next property cycle.

“This project will easily match Mid Valley’s size and value,” he said.

With projects worth a total gross development value of RM5bil in the pipeline for launch in one to two years, SP Setia will be well positioned for a potential pick-up in the property market.

“Its net gearing ratio at 0.2 times as of April 30, 2009 means its balance sheet is not stretched and has plenty of room to increase its leverage to capitalise on any acquisition opportunities as and when they arise,” Ching added.

Meanwhile, Liew said the company was confident of achieving its sales target of RM1.1bil for financial year ending Oct 31 after having raked in RM803mil in sales between November 2008 and June 15.

His confidence is based on the more positive signs appearing in the global and local economic fronts.

“The share market is improving and there is less negative news about the economy. I think things are looking to be more positive and that the worst times are over,” he added.

Attributing the company’s record sales of RM803mil to the Setia 5/95 Home Loan Package, Liew said the housing facility contributed 90% of the total sales recorded during the period.

> http://biz.thestar.com.my/news/story...0&sec=business
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Old August 5th, 2009, 07:12 PM   #134
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by purplerosee
http://www.flickr.com/photos/4087001...7621825602491/

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Old September 10th, 2009, 10:59 AM   #135
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S P Setia is bringing forward a RM5 billion mixed development project located opposite Mid Valley as well as the company’s knack for acquiring cheap prime landbank.

http://www.theedgemalaysia.com/prope...y-segment.html
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Old October 13th, 2009, 06:25 AM   #136
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Old October 13th, 2009, 06:40 AM   #137
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Kenapalah Malaysia developing design itu berjeleknya saja...semua macam abstract design pula...never see they gonna build semacam itu! gonna build or never build!!
Penang

[IMG]http://www.**************/show/2009/09/11/07/48/5043439_860x390.JPG[/IMG]

Johor

image hosted on flickr


KL



Shah Alam





Quote:
Final design

image hosted on flickr


image hosted on flickr
PJ



Quote:
Final design

image hosted on flickr


image hosted on flickr


image hosted on flickr
USJ

[IMG]http://www.**************/show/2009/10/13/11/42/5529779_761x477.JPG[/IMG]

Quote:
Final design

[IMG]http://www.**************/show/2009/10/13/11/52/5529836_738x396.JPG[/IMG]
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Old October 13th, 2009, 06:59 AM   #138
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Quote:
Originally Posted by rizalhakim View Post
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sooo no more supertall tower..................
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Old October 13th, 2009, 07:03 AM   #139
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"berjelek" tu apa?by the way,the 2nd pics,the one that suppose to be in johor,those taller buildings look like male genital.they better scrap that design..its embarrassing.
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Old October 13th, 2009, 08:31 AM   #140
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'berjelek' = jelek, i guess..hehehe..
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