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SP Setia JV plans RM11b project in Cheras
CORPORATE NEWS
Monday, 7 May 2018

2:27 PM MYT


It said the development is a public-private strategic partnership undertaking. It added this was in line with the government’s intention to encourage the private sector to form partnerships with DBKL to undertake urban renewal initiatives under the KL Structure Plan 2020.

SP Setia said the development and exchange land were at the southeast of the Chan Sow Lin area in Kuala Lumpur and immediately east of the Cheras LRT Station. It is about 8km to Kuala Lumpur City Centre and 3km to Viva Mall and is located alongside Jalan Loke Yew.
Read more at https://www.thestar.com.my/business...s-rm11b-project-for-dbkl/#tDQLYuTDmPb2wsCc.99
 

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SP Setia, Tradewinds in KL renewal project
Tuesday, 8 May 2018


PETALING JAYA: SP Setia Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

, Tradewinds Corp Bhd and Dewan Bandaraya Kuala Lumpur (DBKL) have signed a public-private partnership to demolish and rebuild thousands of units of old public housing in exchange for 52.25 acres of leasehold land in Cheras, Kuala Lumpur.

A special-purpose vehicle, Retro Highland Sdn Bhd, with equal stakes held by the two private developers, will be involved in the “renewal” project, which involves planning, designing, constructing, completing and commissioning 3,971 residential units, 112 shops/stalls, a market and other public facilities, a Bursa Malaysia filing said.

A spokesperson from SP Setia told StarBiz that the project would be divided into two phases comprising 1,192 units in phase one and 2,770 housing units, 112 shops, a market and facilities in phase two.

Read more at https://www.thestar.com.my/business...ds-in-kl-renewal-project/#tkBaXEbfF7LRkMIH.99
 
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