S P Setia dominates The Edge Malaysia Top Property Developers Awards

PETALING JAYA (Oct 30): S P Setia Bhd has taken the No 1 spot in The Edge Malaysia Top Property Developers Awards 2017, marking its 10th time in the top spot.

S P Setia’s win rate at No 1 is the most for any developer who had participated in the awards, which anchor The Edge Malaysia Property Excellence Awards 2017.

On top of that, its president and CEO Datuk Khor Chap Jen also bagged The Edge Malaysia Outstanding Property CEO Award 2017, which is presented to CEOs or professionals who have taken a company to an exceptional level under their leadership.

* S P Setia is No 1 again in The Edge Malaysia Top Property Developers Awards 2017
* EcoWorld moves up the rankings
* Customer engagement drives UEM Sunrise to success

“We are elated and proud to be placed among the very best in the industry. Teamwork is definitely the hallmark of our success. We are also backed by the dynamic Team Setia which never fails to display a culture of passion that is grounded in being customer-focused, collaborative and innovative. Our team will always deliver on all promises and commitments made to our stakeholders,” Khor told EdgeProp.my.

Khor credits his win The Edge Outstanding Property CEO Award to Team Setia and expressed his gratitude for the strong and continuous support he had received throughout his 22 years of service in the group.

On S P Setia’s acquisition of I&P Group Sdn Bhd, Khor said he is confident that this synergistic acquisition will further strengthen Setia’s brand presence in Malaysia and achieve their goal of a market capitalisation of RM18 billion by 2021.

“I & P’s landbank totalling 4,276 acres are located in the Klang Valley and Johor Bahru, mainly in the growth areas where S P Setia had established a stronghold with its Setia brand. The acquisition will also facilitate S P Setia to access wider market segments,” he said.

The group’s other areas of focus will be the integration of about 350 I & P employees into S P Setia, as well as the review of I & P’s land parcels to enhance their development potential and value, he added.

Meanwhile, S P Setia will continue to launch properties in its main townships within Greater KL, Johor and Penang, with overseas launches in Singapore and Melbourne.

Moving forward, Khor is convinced that the underlying demand is still strong for mid-range landed units and higher priced units at selective and preferred locations.

Its Seri Mutiara Apartment, developed by S P Setia subsidiary Bandar Setia Alam Sdn Bhd, was also the winner of The Edge Malaysia Affordable Urban Housing Excellence Award, which honours affordable housing projects for the urban middle-income group undertaken wholly by Malaysian private developers.

For the full report on The Edge Malaysia Property Excellence Awards 2017, read the Nov 6 issue of City & Country, the property pullout of The Edge Malaysia.