Annual Report 2014 | S P SETIA BERHAD GROUP | 55
Parque Melbourne, the Group’s second
development in Australia has a total unbilled
sales of RM684 million with 100% take up
rate as of October 2014. Construction has
commenced and the project is expected to
complete in FY2017.
Over in Singapore, Eco Sanctuary, also the
Group’s second development across the
Malaysian border is 80% sold with delivery
expected in mid FY2016. Eco Sanctuary
recorded total unbilled sales of RM810 million.
Total unbilled sales generated by Phase 1
and Phase 2 of the Battersea Power Station
is RM3.7 billion, (of which S P Setia’s share
is RM1.4 billion) and RM2.6 billion (of which
S P Setia’s share is RM1 billion) respectively.
With remarkable 99% take up rate for Phase
1 and 85% take up rate for Phase 2 as of
October 2014, the Group is focusing on
delivering Phase 1 by FY2016 and Phase 2
On the local front, S P Setia saw the launch
of Circle Collection and Setia Taipan II at
our flagship township of Setia Alam. Phase
2 at Setia EcoHill, offered in three designs
– Begonia, Bellucia and Bartonia was also
launched in 2014 amidst overwhelming
response. Over 70% of the 149 units
released for sale was taken up by the first
day of launch.
In the Southern region of Johor, the long-
awaited Altus, the final tower of Setia Sky
88 was also launched. The iconic building
also houses a plethora of facilities such as
a theatre room, children’s centre, infinity
swimming pool, a gym, carefully landscaped
surrounding, a spa zone, rooftop dining and
more. Sales achieved during the year in
review stands at RM39 million.
Besides property launches, the Group
is steadfast in our commitment to the
community. Residents at EcoHill, Semenyih
can look forward to the EcoHill Link which
will connect Setia EcoHill directly to the
Lekas, SKVE, Silk, PLUS and LDP highways
while communities in Eco Glades, Cyberjaya
can anticipate a dedicated interchange
which is currently under construction.
Upon completion, it will make Setia Eco
Glades the nearest gateway in Cyberjaya
to major highways such as the North-South
Expressway Central Link (ELITE) and the
Maju Expressway (MEX).
III. business Review
Battersea Power Station