Change - S P Setia Berhad

23
S P Setia Berhad Group
REVIEW OF OPERATIONS
JOHOR
In Johor, the market continues to remain
competitive with property developers finding
it increasingly difficult to obtain pricing power.
However, we have been fortunate that the Group
has had a presence here for more than 10 years
and has carved a solid reputation for delivering
quality homes in our well-appointed and wellconnected
townships at affordable prices. In this
regard, the continuous provision of infrastructure,
amenities and facilities in our townships coupled
with innovative house designs and concepts
continued to put the Group in good stead.
Bukit Indah Johor
Bukit Indah Johor recorded total sales of 537
units valued at RM161 million in the year under
review. Despite the relatively more competitive
property market in Johor, the average transacted
price for a Bukit Indah Johor home has increased
by more than 31% year to-date.
Setia Indah Johor
Setia Indah Johor is nearing completion and to
date has sold 6,765 units totalling RM1.3 billion.
For the period under review, sales reached
RM80 million as Setia Indah continues to attract
purchasers who appreciate not only quality
homes but those set against a lush tropical
living environment.
Keeping to the forefront of the movement of
sustainable living, Setia Indah is spearheading
numerous environmental initiatives to live up
to its tagline of ‘A Living Oasis’. The residents
here have also shown their concern for the
environment, getting together to organise a
successful 13-week long recycling campaign
where recyclable household items were
exchanged for cash.
Facilities and infrastructure in the township were
upgraded to better serve its residents. As part
of the township’s commitment in giving back to
its thriving community, a series of events were
carried out for the convenience of residents
which included E-Filing for residents, health
screening as well as provision of Quit Rent and
MPJBT assessment counters.