Page 18 - S P Setia Annual Report 2016

 

 

 

 

 

Page 18 - S P Setia Annual Report 2016
P. 18

16    S P Setia Berhad Group                                 Our Business | Our Performance Review | Our Leadership and People
                Annual Report 2016                                        | Our Achievements and Accolades | Our Sustainability Statement
                                                                         | Our Governance | Our Financial Statements | Other Information




          Management Discussion and Analysis


            In 2016, we completed
            and handed over a GDV of

            RM300 million of luxury

            landed properties in Setia
            Eco Glades as promised to

            our customers.





          In 2016, 282 units of double-storey terrace
          houses with a GDV of RM187 million
          were completed and handed over to our
          customers in Setia EcoHill. During the year
          under review, we also sold 911 units of
          properties with a combined GDV of RM417
          million in Setia EcoHill and Setia EcoHill 2.
          Our remaining land bank in these two sister
          township projects is still quite sizable, at
          1,119 acres, sufficient to fuel our activities as
          a key developer in Semenyih for many years
          to come.

          Setia Eco Park, which spans 791 acres of
          prime freehold land in Setia Alam, is another
          flagship project of the Group, with a total
          GDV of RM5.5 billion. It is a prominent
          eco-themed development and we believe
          its achievements have spearheaded many
          other eco-themed township developments
          by the Group as well as by fellow developers
          in the market.

          Setia Eco Park is a multiple award-winning
          project. It has won numerous awards under
          various categories at the FIABCI Malaysia   Lepironia Gardens at Setia Eco Glades, winner of Malaysia Landscape Architecture Awards
          Property Awards, FIABCI Prix d’Excellence
          Awards and Malaysia Landscape Architecture
          Awards.


          In 2016, Setia Eco Park continued to win the
          Honours Award at the Star Property Awards
          2016 as well as at the Malaysia Landscape
          Architecture Awards 2016 for Setia Eco
          Park’s Garden of 8 Fountains.
          In 2016, we completed and handed over
          a  GDV  of  RM124  million  of  luxury  landed
          properties in Setia Eco Park, as planned,
          to our customers.  During the  year under
          review, Setia Eco Park also contributed sales
          of RM169 million to the Group.          Setia EcoHill Park, Semenyih
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