Page 50 - S P Setia Annual Report 2013
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48 | Business review S P SETIA BERHAD GROUP Annual Report 2013

























REVIEW OF OPERATIONS (CONT’D)



setia eco Glades, cyberjaya Set amidst the rolling hills of Semenyih and well as hotels is still very much in demand.
This enclave of 268 acres of freehold land in spanning 673 acres of freehold land, Setia Its launches of Bukit Indah Sky View and Sky
Cyberjaya is developed based on S P Setia’s EcoHill is modelled after the hugely successful Breeze serviced apartments attracted more
award-winning Setia Eco Park. Setia Alam in Shah Alam. The township than 3,000 people and sold out within a day.
will feature 80 acres of beautiful parkland,
The development is designed with eight landscaped gardens and waterways. It will be setia indah
heritage concepts, eight islands, and eight a sustainable community as much as possible, This mature township in Tebrau recorded
fountains. There are fve Hammock Clubs where residents may buy locally from nearby RM94 million in sales for FY2013. The fully
that will house swimming pools, gyms, organic farms and market gardens. integrated township is a world-class, self-
basketball courts and social spaces. The contained development, modelled after the
waterfront residential community offers The project recorded a total of RM140 million huge success of S P Setia’s Bukit Indah Johor.
resort-style living in luxury and serenity, for the year under review. Its signature landmark, the award-winning
where outdoor activities go hand-in-hand 18-acre town park, sits in the centre of the
with beautiful vistas. Johor development and has become an integral
part of life here. It won the 2002 Johor State
Recently launched are the sanctuaries of The Group has eight ongoing projects in Landscape Awards and the 2005 National
Eastern and Western Heritage, inspired Johor which are Bukit Indah, Setia Indah, Landscape Award.
by the peranakan and colonial heritage Setia Tropika, Setia Eco Gardens, Setia Eco
of Malaysia respectively. The Sanctuary of Cascadia, Setia Business Park I & II and Setia With the township almost complete, one of
Eastern Heritage features 2-storey bungalows Sky 88. These developments continue to be the remaining launches here are the serviced
and 2-story semi-detached homes while The the top selling projects in the Southern region apartments called Sky Oasis Residences
Sanctuary of Western Heritage is inspired with combined sales of RM1.603 billion. which offers units ranging from 756 sq ft to
by the romantic colonial eras of the English, 1,003 sq ft. This latest launch contributed to
Dutch, French and Spanish. It features Bukit indah Johor Setia Indah’s sales totalling RM94 million for
impressive homes of idyllic old-world charms Spanning 1,500 acres, Bukit Indah is an the year under review.
with a contemporary twist. established township in Iskandar Malaysia
that is a hot spot for both commercial and setia tropika
For the year under review, Setia Eco Glades residential property buyers. The project Spread across 740 acres of prime Johor
recorded a total of RM569 million in sales. recorded total sales of RM377 million for the Bahru land, this is one of the fastest-growing
year under review. developments in the state and is strategically
setia ecohill, semenyih located next to the North- South highway.
The long-awaited launch of this mixed This year also saw its brand new sales gallery The project recorded RM265 million in sales
township development, Setia EcoHill, took relocating to the new 5-storey offce tower in FY2013 contributed by the launch of its
place in October 2013, and to astounding of Wisma S P Setia. The same building high-end precinct of landed residences called
public response. The project had more also houses The Residence Club for added Fenix Villas.
than 26,000 registrants for 760 units. Ballot convenience to S P Setia’s purchasers.
numbers fnished within fve hours with over The sales gallery has also found a new home
2,000 people turning up for the sales launch. The well-established township that enjoys called the Tropika Welcome Centre. This is a
amenities like AEON shopping mall, Tesco 5-storey commercial building with a built-up
Hypermarket and many dining outlets as of 8,000 sq ft and tenanted by F&B outlets
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