We believe the property division’s profit for the quarter was driven by its 140-unit landed villa development in its flagship township, Bandar Bukit Puchong.

S P Setia secured about RM1.9 billion new property sales (excluding land sales of RM87 million) in 1HFY19 versus RM2.1 billion in 1HFY18, with the majority of new sales coming from the central region (about 60%) of Malaysia.

Sited on 6.5 acres of freehold land, The Tropika @ Bukit Jalil is a RM781 million GDV mixed development of residential and commercial components.

For a start, Bukit Jalil is easily accessible via major highways such as the Damansara-Puchong Expressway (LDP), Shah Alam Expressway (KESAS), Maju Expressway (MEX), New Pantai Expressway (NPE) and the toll-free Bukit Jalil Highway. It is also well-served by public transportation with Rapid KL bus and four Light Rail Transit (LRT) train stations within a 3km radius: Bukit Jalil, Awan Besar, Sri Petaling and Muhibbah.

While you may be told that the funds are being used to maintain the common property of the development, have you as an owner ever checked to ensure the funds are being appropriately used for the purpose specified under the Act? Do you know that there is a provision under the SMA 2013 which tells you exactly what the sinking fund can be used for?

There are mandated periodic inspections stipulated by various authorities after the first and/or second year of Vacant Possession.

The group declared a semi-annual dividend of 3.43 sen per unit (1HFY18: 4.23 sen) going ex on Aug 22, 2019.

Swiss-Garden Hotel Bukit Bintang under renovation, slated to reopen on Aug 15

MRCB has the expertise in providing chilled water supply since 2013. KDDCS was formerly set up under the group for the proposed provision of chilled water supply. The supply agreement signed with KUSB requires the delivery of chilled water beginning Sept 1, 2020.

As property prices climb and with an increasing number of high-rise residences coming up, the old areas in PJ could be more affordable and attractive to those looking for landed homes with a PJ address.