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Old April 22nd, 2013, 04:42 PM   #1
davidwsk
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KUALA LUMPUR | Setia Federal Hill | 200m + | 40 fl + | App

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FINAL RENDER

Yes another mall and 2 tall glassy towers .

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SP Setia has, via their 50%-owned subsidiary SJSB, entered into a Privatisation Agreement with the Government of Malaysia (“GOM”) and Syarikat Tanah dan Harta Sdn Bhd to undertake the development and construction of a new 1NIH Complex in Setia Alam by way of land swap involving a 52.3-acre parcel of land along Jalan Bangsar, Kuala Lumpur for a 41.1-acre parcel of vacant freehold land within Setia Alam.

SJSB will develop the 1NIH Project comprising: (1) A fully integrated health and research institute ("1NIH Complex") within Setia Alam; (2) 24 units of apartments in Bangsar; and (3) a polyclinic and dental clinic in Bangsar, for RM845m.

SJSB proposes to develop the Bangsar Land into an integrated commercial and residential development targeting the upmarket Bangsar and Federal Hill crowd. The estimated GDV is RM8bn.
http://klse.i3investor.com/blogs/kltrader/21575.jsp
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Old April 22nd, 2013, 04:42 PM   #2
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SP Setia inks Bangsar land swap deal with govt

30-11-2012


KUALA LUMPUR: SP Setia Bhd has inked a land swap agreement with the government to build a new integrated health and research institute (1NIH complex) in Setia Alam, Selangor, in exchange for 21.2ha of land in Bangsar.

The privatisation agreement was signed between SP Setia's 50 per cent unit, Sentosa Jitra Sdn Bhd, the goverment and Syarikat Tanah dan Harta Sdn Bhd.

As part of the swap deal, SP Setia will build the 1NIH complex on a 16.6ha land in Setia Alam and 24 apartment units as well as a polyclinic and dental clinic in Bangsar.

The total contract value for the 1NIH project is RM845 million.

In addition to carrying out the 1NIH project, SP Setia will pay the government RM217.1 million as minimum guaranteed profit (MGP) for the planned mixed development at the Bangsar land.

"In the event 20 per cent of the actual profit before tax for the relevant phase of the development is higher than the MGP, SJSB shall pay the government the sum representing the difference thereof," the company said.

SP Setia said it plans to develop luxury residential apartments and integrated commercial products such as boutique and strata offices, which will appeal to buyers seeking upmarket properties within the affluent Bangsar and Federal Hill areas.
SP Setia is confident that the proposed development will be well received.

More: http://www.btimes.com.my/articles/se...#ixzz2DfCn0neO
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Old April 22nd, 2013, 04:43 PM   #3
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Right Opposite KL Sentral ...SKyline here will be dense...

Hoped to see more 6-STARS luxury hoteliers

16 Dec 2012

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by IndraPr on Flickr
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Old April 22nd, 2013, 04:44 PM   #4
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SP Setia confident of hitting 2013 sales target of RM5.5bil

1 March 2013

SHAH ALAM: SP Setia Bhd is confident of reaching its sales target of RM5.5bil for the financial year ending Oct 30, 2013 (FY13). Confidence boosters include the RM1.216bil already raked in for its first quarter ended Jan 31, 2013 and anticipated contributions from projects in the pipeline.
The RM1.216bil sales registered was 30.33% higher year-on-year and accounted for 22.11% of its FY13 sales target of RM5.5bil.
Speaking to reporters after its 38th annual general meeting, president and chief executive officer Tan Sri Liew Kee Sin said the sales figure for the first quarter did not include sales from the Battersea Power Station project, which it is jointly developing with Sime Darby Bhd and theEmployees Provident Fund. It has a 40% stake in the project in the United Kingdom.
“Sales from the Battersea Power Station project will only be recognised after the sale and purchase agreements are signed and we expect this to be done by April,” he said.
He also said 95% of the 866 units of apartments offered for sale in the first phase had been taken up.

When probed on new projects to be launched, he said the company was planning to launch its 78.71-ha project at Templer's Park by end-2013 with a gross development value of not less than RM1bil.

Meanwhile, it was also eyeing to launch the project on the 1.25-ha British High Commission land along Jalan Ampang in 2014 and 20.64-ha Setia Federal Hill in Bangsar in 2014, he said.



On the property market outlook, he said he was less concerned on general election risks but was more cautious on the global economic environment, which would eventually impact the nation's economy. Nonetheless, he said the company was prudent in managing its projects and would offer a wide range of products to cater to the market's demand.
On another note, the company's shareholders approved the long-term incentive programme (LTIP) it had proposed at its EGM. The establishment of the LTIP of up to 15% of its issued and paid-up share capital would be in force for five years with a potential five-year extension.
Liew said the programme aimed at retaining good staff, and was a form of reward to motivate them to grow in line with the company's vision.
The employee share option scheme is part of the programme.
“It is a fair way of rewarding staff,” he said, as the LTIP would reward staff at different levels.
The plan includes the restricted share plan for employees and executive directors in recognition of their loyalty and contribution towards the company, and the performance-driven share plan for selected senior management and executive directors in recognition of their performance as drivers of growth and performance of the company.
Shareholders had also approved its dividend policy of paying out more than 50% of post-tax profit, he said, adding that the total dividend it had paid out for FY12 was 61%.

More: The Star http://biz.thestar.com.my/news/story...4&sec=business
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Old October 28th, 2013, 09:29 AM   #5
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SP Setia to launch projects with GDV of RM10.3bil within two years

Posted on October 28, 2013 - Featured, Property News.

By Lim Wing Hooi



Norhayati: ‘We are committed to building homes and communities via well-planned developments’

SP Setia Bhd plans to launch projects with a gross development value (GDV) of RM10.34bil in Malaysia in the next two years. According to the property developer’s group marketing general manager, Norhayati Subali, the three projects are Setia Eco Forest in Penang, Setia Federal Hill in Kuala Lumpur and Setia Eco Templer in Selangor.

Setia Eco Forest is a mixed residential development of over 1,050 units with a GDV of RM1.1bil, Setia Federal Hill is a mixed development with a GDV of RM8bil while Setia Eco Templer is a township with a GDV of RM1.24bil.


http://www.starproperty.my/index.php...hin-two-years/
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Old October 28th, 2013, 02:51 PM   #6
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That is a nice project, especially the oval shaped tower.
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Old August 18th, 2014, 02:32 PM   #7
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Setia Federal Hill - 2014/2015


By S P Setia | http://www.spsetia.com.my/corporate/...esentation.asp
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Old June 23rd, 2015, 06:30 PM   #8
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Old June 23rd, 2015, 06:31 PM   #9
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