Change - S P Setia Berhad

21
S P Setia Berhad Group
Setia Alam, Shah Alam
The 2,525-acre township in Shah Alam continued to record strong sales of
RM267 million for the year ended 31 October 2008 despite a 10% to 30%
increase in prices of newly launched products. To date, 5,374 units have
been sold since 2004 with a total sales value of RM1.46 billion.
The year under review also saw the Setia Alam Community Project continue
for another year. A jointly initiated effort by Setia Alam and the S P Setia
Foundation, the community project supplies sundry items to low-income
families in the surrounding Klang areas. Beneficiaries are given free food
and basic grocery items worth RM120 per month. A total of RM120,000
was allocated to fund the project.
The township also continued to nurture its fledgling community, focussing
on kids in the community this year. Fun monthly activities included
workshops, excursions, music appreciation and more. The highlight of the
year was the launch of the Setia Alam Kids Club in August. To date, the
club has 500 members aged three to 12.
We are confident that sales for this mass-housing project will continue
to be sustainable given the fundamental demand for well appointed
homes which are supported by a wide range of amenities, facilities and
infrastructure already put in place or due to be put in place over the next
few years.
Setia Eco Park, Shah Alam
Sited on 791 acres of rolling terrain, this low density and exclusive enclave
of semi-detached houses and bungalows saw strong sales of 118 units
totalling RM160 million despite a price increase of at least 33% for newly
launched products. The average transacted price for an Eco Park home
has also increased by 28% from RM1.06 million in FY2007 to RM1.36
million in FY2008.