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Annual Report 2014 | S P SETIA BERHAD GROUP | 59

roof, SetiaWalk comprises retail outlets,

offices, apartments, SOHOs, hotel and

entertainment centre, featuring unique retail

and office spaces that overlook waterways

and fountains form a relaxing place to work,

shop and dine. It offers the entire spectrum

of lifestyle living, working and entertainment

within a safe, comfortable and friendly

environment. The development has since

matured and is self-sustained.

Setia Sky Residences, Kuala Lumpur

Setia Sky Residences is a freehold luxury

service residence with an ultra chic facade

inspired by the idea of curtains blowing in

the wind and echoing the fluid lines of natural

landforms to create a powerful silhouette

against the skyline. The landscape design

was inspired by the terraced paddy fields

of Bali as well as the works of legendary

Brazilian landscape architect and artist,

Roberto Burle Marx. The development, with

a breathtaking view of the Kuala Lumpur

city skyline is the epitome of luxury with a

spectacular Sky Deck at level 5 and Sky Club

at level 33A, offering the biggest facilities

floors measuring 120,062 sq. ft. within the

KLCC vicinity, when combined. For the year

in review, Setia Sky Residences recorded

sales of RM828 million.

KL Eco City, Kuala Lumpur

KL Eco City is a world-class city-within-a-

city that exudes extraordinary architectural

boldness. This new mixed-use landmark

development sits on 25 acres of prime land,

and an integrated green luxury development

anchored by prime commercial offices, a

high-end retail mall, world-class serviced

apartments and luxury residential towers.

One key feature of KL Eco City is the high

level of connectivity and convenience

it provides with the Integrated Rail Hub

comprising the existing Abdullah Hukum

LRT station, which will be integrated with

the new KTM commuter station, to be

completed in 2016. A covered pedestrian

bridge will further link KL Eco City to The

Gardens and Mid Valley City Shopping Mall.

KL Eco City is also flanked by two of the city’s

busiest thoroughfares – Federal Highway

and Jalan Bangsar. Ensuring smooth traffic in

and out of the development is a key priority.

Therewill be 6 new ramps and bridges linking

KL Eco City’s internal two-tier road systems

to the highways. Two of the flyovers seen

across the Federal Highway are completed

up to the superstructure works. Over 75%

of the overall infrastructure works have been

completed and the other ramps around the

site are fast taking shape around the project

site. The flyovers are expected to be ready

well ahead of the handover of the 1st phase

of the project in 2016.

The Gross Development Value of KL Eco

City is recorded at RM6.5 billion. Half of

the total GDV has been launched since the

official inauguration in 2011 with 90% of

those phases launched sold.

Corporate Office Tower 2, built to achieve

GBI Gold accreditation and is designed to

meet the high expectations of the MNC

& foreign companies, is targeted to be

completed by mid-2017. KL Eco City has

setup a corporate leasing department well

ahead of the completion of this Grade A

office tower to market commercial office

space to potential tenants.

Setia Eco Glades, Cyberjaya

Setia Eco Glades is one of the latest additions

to the booming Cyberjaya. It is developed

based on the award-winning Setia Eco Park

master plan which includes semi-detached

homes, terraces, bungalows, apartments

and commercial units surrounded by lush

greenery and waterways.

The township offers all the essential

features for nurturing a wholesome, vibrant

community for people from all walks of life

in line with S P Setia’s LiveLearnWorkPlay

development philosophy. It is encircled by

8 unique fountains and 8 islands where the

residences fronting those waterways will

enjoy an island resort environment every day.

Setia Eco Glades is designed in such a way

that it will help towards minimizing the

effects of global warming. To date, a total of

2,000 grown trees and 3,000 saplings have

been successfully transplanted, making it

possibly the world’s largest transplanting

and rehabilitation task undertaken by a

property developer. Approximately 160 tons

of CO

2

is reduced annually due to this effort.

review of operations

III. business Review

Setia Sky Residences

KL Eco City