KUALA LUMPUR (April 14): S P Setia Bhd (S P Setia) was honoured with three awards at the FIABCI Malaysia Property Award (MPA) 2022 held on March 18, 2023 at the One World Hotel, Petaling Jaya. Over the years, the group has won a total 17 awards (including the recent three), securing its position as the property developer with the most MPA wins.
S P Setia’s president and chief executive officer Datuk Choong Kai Wai, and executive vice presidents Datuk Stanley Saw and Datuk Zaini Yusoff were in attendance to receive the awards.
The three awards secured by the group are: Setia Eco Templer in Rawang for the Master Plan Category, D’Network @ Setia Eco Park in Shah Alam for the Sustainable Development Category and Setia V Residences in Penang for the Residential High Rise Category.
The projects were recognised for their excellence in their architecture and design, development and construction methods, financial and marketing performances, environmental impact, safety and maintenance, as well as community benefits.
Master Plan Category winner Setia Eco Templer stands on 194 acres of land in the east of Rawang and north of Klang Valley, set amongst the majestic Bukit Takun, Templer Park and Waterfall Forest Park Kanching. More than 30% of the township’s land area is dedicated to its green area, which includes nine pristine natural creeks, three lush gardens, calm lakes, and verdant green spaces.
The township, which has a gross development value (GDV) of RM2 billion, was previously a golf course and now consists of low-density residential components of English, Peranakan, and Balinese-themed architectural designs and commercial properties. It offers a mix of low-density landed and mid-density high-rise projects planned to cater to the different demands. About 20.47 acres of Setia Eco Templer was planned for shop lots, a boutique neighbourhood mall, and clubhouse.
Recipient of the Sustainable Development Category, D’Network @ Setia Eco Park in Shah Alam, which measures at 3.16 acres, is the world’s first solar powered, hybrid F&B hub which uses a 207kWp solar power system in replacement of traditional electricity from grid supply. It also has the world’s first solar powered musical fountain named the ‘Symphony of Sustainability’ which is the centrepiece of the project especially when lit up in the evening.
The F&B hub also utilises solar energy and provides power not only to the F&B hub and musical fountain, but also to common areas such as the pétanque court, playground and pet-friendly park. The solar power is also used for D’Network’s solar-powered microbial compression technology which turns food waste from the F&B outlets into bio-compost which is used to fertilise plants around the premise.
Residential High Rise Category winner Setia V Residences in Penang was constructed around a heritage building along Gurney Drive and is the tallest residential development in Penang standing at 48 storeys, providing a scenic view of the Indian Ocean and Penang’s city skyline.
The building has one acre of its space catering to six-star facilities and amenities which are spread over 11 levels, with a five-tier security system and is designed to be earthquake resistant.
For a bit of background, S P Setia is the only Malaysian developer to have received 15 FIABCI World Gold Prix d'Excellence Awards from the International Real Estate Federation (FIABCI) and 17 FIABCI Malaysia Property Awards to date. In 2022, S P Setia was ranked No 1 in The Edge Malaysia Top Property Developers Awards for a record-breaking 17th time, the only developer to have achieved this feat since the inception of the awards.
The group is established in the country’s three key economic centres, namely Klang Valley, Johor Baru and Penang, and has a project in Sabah. Its international reach now includes six countries: Vietnam, Australia, Singapore, China, the United Kingdom, and Japan.
As of 31 December 2022, the group has 47 ongoing projects, with effective remaining land banks of 6,569 acres valued at a GDV of RM121.02 billion, and total unbilled sales of RM7.30 billion.