KUALA LUMPUR: Property developer SP Setia Berhad raked in sales of RM5.12 billion for 2018, surpassing its target of RM5 billion.
Local projects contributed RM4.12 billion or 80% of sales while international projects made up RM1 billion or 20% of sales. “We are pleased with this sales achievement as it demonstrates the resilience and versatility of Team Setia in navigating the various headwinds in a subdued property market,” said Khor Chap Jen, the chief executive of S P Setia, at a briefing to the media after the results were announced.
If this sale is taken into consideration, it will add up to a total sales income of RM8.45 billion for financial year 2018 In addition, S P Setia will continue to launch new phases in the group’s established developments such as Setia Alam, Bandar Kinrara, KL Eco City and Setia Ecohill 2 as well as rebranded projects of Setia Alamsari, Alam Sutera and Kota Bayuemas in the central region.
In the northern region, the company does not plan any new launches on Penang island but Setia Fontaines will launch its maiden residential properties priced at RM330,000 onwards on the mainland of Penang following the well-received launch of the shop offices in FY2018.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »
Source: malaymail - 🏆 1. / 86 Read more »