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60 | S P SETIA BERHAD GROUP | Annual Report 2014

III. business Review

review of operations

As part of S P Setia’s continuous improvement

of our products and services with innovative

ideas to meet the evolving needs of our

customers, Setia Eco Glades signed an

agreement with Singapore’s ST Electronics

to install its state-of-the-art AgilFence

Perimeter Intrusion Detection System (PIDS)

for the entire Eco Glades’ development.

The AgilFence PIDS is the first-of-its kind

perimeter intrusion detection and security

system in the world and is currently adopted

by Singapore’s Changi Airport.

In FY2014, Setia Eco Glades recorded a total

of RM113.4 million in sales.

Setia EcoHill, Semenyih

Created with sustainability in mind, Setia

EcoHill is an eco-township located in

Semenyih, in the state of Selangor. Setia

EcoHill is master-planned and built with

myriad of opportunities for residents to

lower their energy consumption, complete

with a network of pedestrian and bicycle

paths, ensuring that facilities are within

walking distance, and building energy-saving

houses with solar power or renewable

energy capabilities.

On top of that, Setia EcoHill has made

provisions for a commercial centre as well as

a farmer’s market to provide opportunities for

the nearby organic farms and market gardens

to sell their produce directly to the residents,

truly ensuring a sustainable lifestyle.

Besides sustainability, connectivity and

convenience to residents is also a priority.

Construction of the EcoHill Link (interchange

to Lekas Highway) was kicked off on

December 2013 with target completion

date by Q2 2015. Upon completion of the

highway, the Kuala Lumpur City Centre is a

mere 30 minutes away.

Construction of the next Tenby International

School within the township also commenced

in October 2014, targeting for completion

by September 2016, providing additional

convenience to parents.

Setia EcoHill recently saw overwhelming

response at the launch of Begonia, Bellucia

and Bartonia link houses with 70% take up

rate on the day of the launch. Upcoming

launches at Setia EcoHill will be Vircia and

Grandlis super link houses targeted for Q1

of 2015.

The project recorded a total of RM762.3

million for the year under review.

JOHOR

The eight ongoing projects which

contributed to FY2014 sales in the southern

region of Johor are Bukit Indah, Setia Indah,

Setia Tropika, Setia Eco Gardens, Setia Eco

Cascadia, Setia Business Park I & II and

Setia Sky 88. For the year under review,

these projects contributed a combined sales

of RM500 million.

Bukit Indah Johor

Launched in 1997, Bukit Indah, S P Setia’s

maiden project in the state of Johor,

has matured into a vibrant and verdant

township. Located in the heart of Iskandar

Malaysia, the township is merely 10 minutes

away from the city centre and 10 minutes

from Singapore, making it one of the most

sought-after addresses in Johor Bahru.

For the year under review, the Group handed

over Sky Loft Premium Suites, D’Verde

and D’Jardine cluster homes. Bukit Indah

recorded total sales of RM177 million in

FY2014.

Setia Indah

Setia Indah, S P Setia’s mature township in

the Tebrau Corridor recorded RM23 million

in sales for the year under review. A self-

contained integrated township following the

success of Bukit Indah, Setia Indah contain

an 18-acre Balinese-concept town park,

which has since become a hallmark of S P

Setia’s township developments.

With the handing over of Echelon I

and Echelon II and the launch of Sky

Oasis Residences, the final project in

the masterplan, the township is almost

complete. Being the final phase of the

township, Sky Oasis Residences achieved

remarkable take up, with only limited

units available. Designed to combine the

sophistication of an urban, luxurious lifestyle

with the natural pleasures of lakeside living,

Bukit Indah