Page 22 - S P Setia Annual Report 2016
P. 22

20    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

             Setia Eco Cascadia’s Metamorphosis Park, Johor

            In 2016, Setia             S P Setia has eight ongoing development projects   Setia Eco Gardens is another multiple award-
                                       in Johor Bahru. Our maiden project in the state was   winning eco-themed township project of
            Eco Cascadia’s             the 1,515-acre Bukit Indah Johor, which the Group   the Group. It spans an area of 765 acres and
                                       started some 20 years ago. Today, Bukit Indah Johor,   has a total GDV of RM2.7 billion. This project
            Metamorphosis              which has a total GDV of RM5.2 billion, is already   has won numerous awards for its innovative
                                       a substantially developed, matured, vibrant and   eco concept, architecture and landscaping,
            Park received a            verdant township. It is located in the heart of Iskandar   with the latest being the Honours Award for
            Merit Award at the         Malaysia, the development region in Johor. In 2016,   Setia Eco Garden’s Eco Village at the Malaysia
                                                                                   Landscape Architecture Awards in 2016.
                                       551 units of properties with a GDV of RM274 million in
            Malaysia Landscape         Bukit Indah Johor were completed and handed over   In 2016, we completed and handed over
                                       to our customers. Today, we still achieve good sales
            Architecture Awards.       performance in this matured project. For FY2016, it   383 units of properties with a GDV of
                                       contributed RM184 million in sales to the Group.  RM55 million in Setia Eco Gardens to our
                                                                                   customers. Its sales contribution to the
                                                                                   Group for FY2016 remained encouraging at
                                                                                   RM118 million.
   17   18   19   20   21   22   23   24   25   26   27