News about S P Setia

Comprising 101 units of freehold, double-storey terrace homes, Ferrous 3 will offer units with an open plan arrangement with integrated living, dining and kitchen areas.

“The completion of this land sale allows us to reallocate resources towards significant projects, reduce debt, and align with our asset-light strategy to enhance competitiveness," said S P Setia president and CEO, Datuk Choong Kai Wai.

The “Celebrating Spaces” event, which was hosted by Baki Zainal and Nadia Hasnan, saw a lineup of top musical talents, with rock legends Dato’ Awie and Ella, pop star Danny Koo, and Didi & friends.

“We are grateful and honoured to have our developments — Essex Gardens in Setia Eco Templer and Setia City Mall — with the respective partners and property managers recognised as one of the well managed developments in the country and benchmarked by key industry standards, and our respected peers,” said SP Setia CEO and president Datuk Choong Kai Wai.

CEO Datuk Choong Kai Wai: “Our purpose to build great communities has driven us for the past 50 years and will remain at the core of everything we do.

Up to 60 students from Sekolah Kebangsaan Semenyih, Sekolah Jenis Kebangsaan (Cina) Kampung Baru Semenyih, Sekolah Kebangsaan Bukit Tampoi and Sekolah Jenis Kebangsaan (Tamil) Ladang Rinching attended the fun and educational event.

Ranging between 1,986 to 2,026 sq ft with land sizes of 2,080 sq ft, Carabella units will have starting prices from RM960,000 to RM1.

The REIT may include retail complexes, office buildings, schools and a convention centre, S P Setia said in a statement.

S P Setia said the disposal of the land was conducted through its subsidiary Pelangi Sdn Bhd and was completed earlier in the day with Senibong Island Sdn Bhd (SISB).

The group also received certificates from the Ministry of Housing and Local Government (KPKT) at their awards excellence ceremony to celebrate the gold award winners of the FIABCI World Prix D’Excellence Awards 2024 in Putrajaya on June 7.