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Annual Report 2014 | S P SETIA BERHAD GROUP | 61

review of operations

III. business Review

Sky Oasis Residences is built to cover

an expansive lake lined with manicured

grounds surrounded by verdant landscapes

with panoptic views of the stunning land

and waterscapes which offers residents an

experiential lakeside living.


With its defining features and ground-

breaking designs that lend the homes a

contemporary twist yet remain functional

for family living, Setia Tropika has gained

a reputation of being one of the fastest

growing development in Johor Bahru.

Spanning across 740 acres of prime land

and strategically located next to the North

South Highway, Setia Tropika is known for

its striking architectural elements such

as rooftop garden terraces, indoor water

features, built-in courtyards and double

volume porches. The project recorded sales

of RM74 million in FY2014.

The year under review also saw the handing

over of 116 units of The Glitz cluster homes,

58 units of Livistonia shop offices, 420 units

of Sky Garden apartment and 12 units ofThe

Resort bungalows.

Setia Eco Gardens

Winner of the 2009 international FIABCI Prix

d’Excellence Best Masterplan Development,

Setia Eco Gardens is a 948-acre eco

township offering discerning homeowners

an eco-living experience within a tranquil

rainforest environment. Each precinct is

gated and guarded to ensure privacy and

peace of mind.

For the year under review, Setia Eco Gardens

won the Excellence Award for sustainable

drainage system at 13th International

Conference on Urban Drainage for Best

Development. On top of that, the township

also emerge victorious at the Pertandingan

Landskap Peringkat Majlis Perbandaran

Johor Baharu Tengah.

In FY2014, Setia Eco Gardens recorded

sales of RM85 million.

Setia Business Park I

Featuring a centrally located office, plant

or warehouse that is contemporary, well-

planned, Setia Business Park is one of the

first ecologically friendly industrial zone,

located within the bustling Iskandar region

of Malaysia. In line with S P Setia’s holistic

philosophy of LiveLearnWorkPlay in an eco

and sustainable manner, Setia Business

Park proves that thriving organisations can

also be about business efficiency, equipped

with notable green features such as North-

South orientation and provision of water

efficiency and recycling systems.

Setia Business Park I recorded total sales

value of RM19 million in FY2014.

Setia Business Park II

Following in the successful footsteps of

Setia Business Park I, Setia Business Park

II broke new ground in Iskandar Malaysia

by setting the benchmark for an eco-

friendly development catering specifically to

business that has strong green credentials

as well as those which required clean

manufacturing facilities.

Designed to meet the high environmental

standards of green businesses and clean

technology industries, Setia Business Park II

is 60% completed and ready for business.

Phase 1 of Setia Business Park II, comprising

144 units, was sold out within two weeks

of its launch, while Phase 2 comprising

100 units, received positive response from


For the year under review, Setia Business

Park II recorded sales of RM28 million.

Setia Eco Cascadia

This ecologically planned township, also

S P Setia’s latest addition to its list of

successful townships in the Southern

region recorded RM55 million in sales for

FY2014. Planned and built around a breath-

taking waterfall with 15% of the total land

area dedicated to greenery, landscaping

and cultivation of flora, Setia Eco Cascadia

offers lifestyle comparable to living amidst

mountains, surrounded by the majesty of

the landscape, enveloped by nature.

Setia Eco Cascadia

Setia Business Park