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S P Setia thanks 2,300-strong team for being ranked the top developer in Malaysia

S P Setia

KUALA LUMPUR (Oct 29): S P Setia Bhd president and CEO Datuk Khor Chap Jen attributed the "strong and dynamic Team Setia" for making the property developer "the best of the best" in the industry once again.

At The Edge Malaysia Property Excellence Awards (TEPEA) 2018 held tonight, S P Setia took the No1 spot for the third consecutive year in The Edge Malaysia Top Property Developers’ Awards (TPDA) ranking.

This is the 11th time that the property developer has clinched the top spot of TPDA which is the anchor awards of TEPEA. It is the only developer to have achieved this feat since the inception of TEPEA in 2003.

Khor said the group is extremely proud to have retained the No1 spot and attributed the win to the strong and continuous support received from Team Setia.

"We take this opportunity to thank everyone who has contributed in making us 'The Best Of The Best' in the property industry.

"Teamwork is definitely the hallmark of our success. Setia is backed by its 2,300-strong and dynamic Team Setia who never fails to display a culture of passion that is grounded in being customer-focused, collaborative and innovative," he said at the TEPEA awards gala dinner held at Hilton Kuala Lumpur tonight.

He added that the group's commitment to sustainability and innovation has not wavered and it has weathered the current market challenges with the right strategies while delivering its promises to their property purchasers and stakeholders.

TEPEA also saw S P Setia being awarded the Best in Quantitative Attributes sub-award, sharing it with UOA Development Bhd. It also bagged the Best in Qualitative Attributes sub-award.

The property developer's Setia SPICE in Penang received a special mention in The Edge Malaysia-PAM Green Excellence Award 2018, which was jointly created by The Edge and the Malaysian Institute of Architects (PAM) to recognise property developments with sustainable designs that are innovative and outstanding while contributing positively to the community.

Incorporated in 1974, S P Setia has developed a diverse property development portfolio that encompasses townships, eco-sanctuaries, luxury enclaves, high-rise residences, commercial and retail developments.

The property developer is well-established in the three key economic centres of Malaysia, namely the Klang Valley, Johor Bahru and Penang and also has a project in Sabah. Its international reach now includes five countries which are Vietnam, Australia, Singapore, China and the UK.

It is the only Malaysian developer to have received 10 FIABCI Prix d’Excellence Awards by the International Real Estate Federation (FIABCI) and 10 FIABCI Malaysia Property Awards.

As at end-March 2018, S P Setia has 46 ongoing projects, with an effective remaining landbank of 9,586 acres valued at a GDV of RM139.72 billion and total unbilled sales of RM7.95 billion.

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