KUALA LUMPUR (May 16): Property developer S P Setia Bhd is expecting a delay of around one year in the Battersea Power Station (pictured) phase 2 and phase 3 projects.
The Battersea Power Station phase 2 and phase 3 projects are now targeted to be completed and opened to the public by 2021, said S P Setia's chief executive officer Datuk Khor Chap Jen at a press conference after the group's annual general meeting here.
Khor expects some marginal changes in terms of the take-up rate following the delayed completion, as phase 3's take-up rate has declined to about 67% from 70% previously.
For phase 2, however, Khor is optimistic the project will maintain its take-up rate of 90%, due to discerning buyers as well as its strategic location in the Battersea Power Station.
At the noon market break today, S P Setia shares were unchanged at RM2.09, for a market value of RM8.39 billion after some 65,900 shares changed hands.
TOP PICKS BY EDGEPROP
Damansara Heights (Bukit Damansara)
Damansara Heights, Kuala Lumpur
Alma Light Industrial Park
Bukit Mertajam, Penang
Desa Idaman, Taman Puchong Prima
Puchong, Selangor
Duduk Huni @ Eco Ardence
Setia Alam/Alam Nusantara, Selangor