Page 52 - S P Setia Annual Report 2013
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50 | Business review S P SETIA BERHAD GROUP Annual Report 2013

























REVIEW OF OPERATIONS (CONT’D)



setia sky 88 setia Pearl island 11 Brook residences
At the moment, this is the most-luxurious S P Setia frst ventured into Penang in 2007 This project has one of the most prestigious
serviced apartments in Johor Bahru city with the launch of the 112.6-acre Setia Pearl addresses in Penang as it is situated in the
centre. Merely two minutes from the Customs, Island. This former golf course has now been upscale neighbourhood of Brook Road,
Immigration and Quarantine (CIQ) complex, transformed into the preferred development adjacent to the Turf Club. This exclusive gated
Setia Sky 88 is the most sought after address on the island. Setia Pearl Island recorded sales and guarded enclave comprises of only 11
in the city. The successful maiden launch of of RM102 million for the year under review. units of two- and three-storey bungalows
two towers called Nube and Sora contributed that come complete with private swimming
to RM161 million in sales. The fnal tower setia Greens pools. For the year under review, 11 Brook
called The Altus will be launched in FY2014 Setia Greens is one of the frst green townships Residences recorded sales of RM14 million.
with an average selling price of RM1,400 psf. in the Northern Region as well as one of the
frst developments there to be submitted for setia v residences
PenanG the Green Building Index (GBI) certifcation. Setia V Residences is S P Setia’s latest project
This guarded community comprising terraces in Penang. This masterpiece has been
The Group continues to have a strong and semi-detached houses is located in the meticulously crafted to maximise panoramic
presence in Penang, recording total combined up-and-coming district of Changkat Sungai views of the sea and also living spaces in the
sales of RM463 million contributed by four Ara. The project recorded RM232 million in air. The iconic building consists of two tower
ongoing projects which are Setia Pearl Island, sales with the launch of Setia Pinnacle – its blocks. Tower A offers 48 storeys while Tower
Setia Greens, 11 Brook Residences and Setia high-rise luxury condominium. B has 31 storeys with a total of 178 units for
V Residences. both towers. Tower A comprises 106 units
while Tower B has 72 units. The foor layout




























Setia Greens
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