Change - S P Setia Berhad

14
Annual report 2008
CHAIRMAN’S STATEMENT
The Group also ventured into its first retail
development by signing a 50:50 joint venture
agreement with Lend Lease Asian Retail Investment
Fund 2 Limited to build a retail mall in Setia Alam,
Shah Alam. With a gross floor area of approximately
1.23 million sq. ft, this retail mall will rank as one
of the largest in Malaysia. This tie up marks a
significant milestone for the Group, transforming it
from a largely residential player into a fully-integrated
property developer with residential, commercial and
retail product offerings.
Awards and Achievements
In keeping with our culture of excellence, we have
managed to retain our No. 1 ranking as Malaysia’s
top property developer in The Edge Top Property
Developers Awards 2008 for the fourth consecutive
year. The annual awards is based on a company’s
quantitative and qualitative attributes, and is from
the consumer’s perspective. We further affirmed our
position by coming up tops in both the qualitative
and quantitative sub-rankings. This honour is greatly
cherished as in this very competitive environment,
more and more developers are catching up and
the fight to stay on top of the game gets tougher
every year.
I am also delighted to note that we made another
mark at the FIABCI Malaysia Property Awards 2008
– dubbed the Property Oscars – with Setia Eco
Gardens Johor Bahru winning the Best Master
Plan award. This is not the first award for Setia
Eco Gardens as its sales gallery was given due
recognition for its innovative and extraordinary
design when it won the Best Office Award at the
Singapore Cityscape Real Estate Awards 2008.
The Group’s continuous commitment to product and
service quality has also earned us the International
Gold Star Award by the World Quality Commitment
Body in Paris. This award is given out to companies
for their outstanding commitment to Quality
and Excellence.