Latest news with #SPSetiaBhd
The Star
04-07-2025
- Business
- The Star
M'sian developers bag nine global awards in Lagos
Projects recognised for innovation, sustainability and community impact MALAYSIAN developers achieved significant recognition at the 33rd FIABCI World Prix d'Excellence Awards in Lagos, Nigeria, securing nine accolades – five gold and four silver. These awards celebrate excellence in real estate development, recognising projects that prioritise innovation, sustainability and community impact. This year, Malaysian developers were honoured across various project categories, including affordable housing, office spaces, industrial parks and environmentally focused developments. FIABCI World president Ramon Riera Torroba commended the winners, stating that the awards celebrated developments that went beyond beauty and function. 'These are projects that embody innovation, sustainability and community impact – developments that give back to the environment and society in meaningful and lasting ways,' he said. FIABCI Prix d'Excellence committee president Laszlo Gonczi emphasised the awards' global reach, noting the rise of national competitions inspired by earlier efforts in Brazil, Malaysia and Singapore. 'This is more than a contest. It's a global forum where quality outweighs size and where David can truly defeat Goliath,' he said. He added that developers from countries without national competitions were encouraged to enter directly, many of whom later became the catalyst for the formation of local chapters. The Prix Secretariat secretary Dr Yu Kee Su, praised this year's entries for setting new industry benchmarks. 'Let us reaffirm our shared mission to shape spaces that are not only functional and beautiful, but also sustainable and future-ready,' he said. 'The integration of green building practices and smart technologies has never been more critical, and your work exemplifies the transformative power of these principles.' One of Malaysia's celebrated developers, SP Setia Bhd, stood out with two accolades at this year's ceremony. The group received a Gold Award for Sapphire by The Gardens in Melbourne, Australia (a residential high-rise) and a Silver Award for Amantara at Setia Eco Templer (residential low-rise). 'Let us reaffirm our shared mission to shape spaces that are not only functional and beautiful, but also sustainable and future-ready.' - Dr Yu Kee Su SP Setia president and chief executive officer Datuk Choong Kai Wai, who attended the gala and received the awards, expressed his gratitude. 'We are incredibly honoured to receive this recognition for both of our flagship developments and to be benchmarked by global industry standards. 'Both wins are a testament to our hard work towards creating sustainable communities,' he said. With this achievement, SP Setia now holds the world record for the most FIABCI World Gold Prix d'Excellence Awards – a total of 19 wins, further cementing its position as a leader in global property excellence. At the FIABCI elections for world vice-president (2025–2026), Yu was appointed for the role during the 75th FIABCI World Real Estate Congress in Lagos. 'I am deeply honoured and sincerely grateful for your trust and support,' said Yu, after two rounds of online voting via the FIABCI App. 'This recognition makes my 25-year journey in FIABCI, serving in various roles, all the more meaningful. 'The path was never easy, but your belief in me has made the journey worthwhile,' he said. This appointment comes as FIABCI-Malaysia prepares to celebrate its 50th anniversary – a golden jubilee, to be marked by an event on Oct 9, at One World Hotel, Bandar Utama, Selangor. The celebration will highlight five decades of dedication to promoting real estate professionalism, elevating Malaysian developers onto the world stage and fostering strong international ties. The event will also honour Datuk Alan Tong, a past world president (2005–2006), who turns 90 in September, as well as remember the late Michael Geh Thuan Peng and Yeow Thit Sang, two past presidents, whose legacies continue to inspire the FIABCI community in Malaysia and beyond. Yu also extended his thanks to Malaysian delegates who travelled to Lagos to attend the congress. 'Your dedication and sacrifice, overcoming distance, logistical challenges and personal commitments truly reflect the spirit of our Malaysian chapter,' he said. Malaysia's World Gold Winners Affordable Housing: I-Santorini by Ideal Property Group Environmental: Iringan Bayu Wetland Park by OSK Holdings Bhd Industrial: Nouvelle Industrial Park@Kota Puteri by EXSIM Development Sdn Bhd Office: TSLAW Tower by Pedoman Cekap Sdn Bhd Residential Low-Rise: The Light Collection IV by IJM Land Bhd Malaysia's World Silver Winners Hotel: Hyatt Centric Kota Kinabalu by Hap Seng Land Sdn Bhd Office: Sentul Works by YTL Land & Development Bhd Residential High-Rise: SkyLuxe on the Park Residences by SkyWorld Development Bhd Residential Low-Rise: Setia Eco Templer – Amantara by S P Setia Bhd
The Star
02-07-2025
- Business
- The Star
S P Setia's Nadi Phase 3A hits 70% take-up at launch
S P Setia's latest commercial development Nadi (Phase 3A) at Setia EcoHill 2 in Semenyih obtained an impressive 70% take-up during the weekend launch on June 22, 2025. KUALA LUMPUR: S P Setia Bhd has launched Nadi (Phase 3A), the latest phase of the Nadi commercial square at Setia EcoHill 2 in Semenyih, on June 22, achieving a 70% take-up during the launch weekend. 'We are delighted to share that our most recent launch, Nadi (Phase 3A), is well-received and has gained a commendable take-up of 70% during the launch weekend. The units have attracted a good demand of purchasers and investors,' divisional general manager Koh Sooi Meng said in a statement. 'Our target audience for Nadi is made up of business owners and brands that intend to expand their shops and operations within the residential catchment of Setia EcoHill 2, and surrounding areas. 'The commercial development would also appeal to our loyalty programme members, Citizen Setia who are looking into investment opportunities with Setia. We are confident that Nadi will add further value and vibrancy to the thriving Setia EcoHill 2,' he added. Nadi (Phase 3A), located on a 5.5-acre freehold site at Setia Commerce Square, has a gross development value (GDV) of RM95.4mil. It features 44 units, including 36 two-storey and 8 three-storey shop offices, with built-up areas ranging from 3,899 sq ft (26'x75') to 8,365 sq ft (42'x75') and prices from RM1.79mil to RM3.8mil. Scheduled for completion by 2Q 2028, Nadi (Phase 3A) at Setia Commerce Square, known as the central business district of Setia EcoHill 2, is set to become a vibrant commercial hub for the emerging Semenyih corridor. Overall, Nadi has a total GDV of RM489.4mil and was launched in three phases progressively, comprising a total of 224 units of shop-offices. Prior to Phase 3A, Nadi (Phase 1) was launched in 2Q2023, while Nadi (Phase 2) was launched in 2Q2024, both previous phases are fully sold.
The Star
24-06-2025
- Business
- The Star
PETRONAS adds 20 global startups to FutureTech
The selected startups represent seven countries. KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS), in collaboration with its corporate partners, has selected 20 high potential startups for the fourth edition of its FutureTech accelerator programme. The selected startups representing seven countries, including Malaysia, Singapore, Thailand, Hong Kong, Japan, Australia and the United States, are advancing innovative solutions aligned with the programme's three key themes: Future of Industry and Work, Future of Energy and Future of Chemicals and Materials. PETRONAS senior vice-president of Corporate Strategy, Marina Md Taib said: 'Each edition of FutureTech by PETRONAS unlocks new synergies between corporates and startups not only for the energy industry but also for industries committed to driving progress for society responsibly, and sustainably. 'The diversity and technology offerings from this year's cohort demonstrate the strength of innovation emerging across the region. We look forward to this journey of collaboration between corporates, ecosystem partners and startups to meaningfully nurture a thriving innovation landscape,' she added. The startups were selected following a Pitch Day, where each team presented to a multi-disciplinary jury panel. Selection was made based on commercial readiness and strategic fit. FutureTech 4.0 is run in collaboration with S P Setia Bhd, Xplor Ventures the Corporate Venture Capital arm of PTTEP, Bosch Business Innovations and Living Lab Ventures Indonesia. — Bernama
New Straits Times
24-06-2025
- Automotive
- New Straits Times
Petronas picks 20 high-potential local, foreign startups for FutureTech accelerator initiative
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has selected 20 high-potential startups worldwide for the fourth edition of its FutureTech corporate accelerator programme. FutureTech 4.0 is run together with SP Setia Bhd, Xplor Ventures, the corporate venture arm of PTTEP, Bosch Business Innovations and Living Lab Ventures Indonesia. The selected startups, drawn from Malaysia, Singapore, Thailand, Hong Kong, Japan, Australia and the United States, will focus on developing solutions for the future of industry and work, the energy transition, and advancements in chemicals and materials. Petronas senior vice president of corporate strategy Marina Md Taib said the programme continues to create new opportunities for collaboration between corporates and startups, aimed at advancing sustainable progress across various sectors. "The diversity and technology strengths of this year's participants highlight the growing innovation ecosystem in the region," she said in a statement. The participating companies were shortlisted following a Pitch Day, where they were evaluated on factors such as market readiness, strategic fit and their potential to help address challenges tied to the energy transition. Besides the 20 external startups, three teams from Petronas' in-house innovation platforms namely Petronas Innovation Garage and will also join the accelerator.
The Star
03-06-2025
- Business
- The Star
S P Setia to rebound on upcoming launches
PETALING JAYA: Despite mixed reactions to S P Setia Bhd's financial results for the first quarter of financial year ended March 31, (1Q25), there is broad consensus the property developer is poised to perform better from 2Q25 onwards, driven by more property launches. Analysts who met with the company's management following the release of the 1Q25 results noted that, while views were mixed, upcoming quarters are expected to show improvement. RHB Research, which maintained a 'buy' call on the stock with an unchanged target price of RM1.72 a share, said earnings missed expectations due to slower property launches and sales, resulting in a muted quarter. The research house said the bulk of S P Setia's property launches are scheduled for the next two quarters. Earnings are expected to improve from sales of industrial land in Setia Alaman in Selangor, the recognition of land sales in Taman Pelangi, Johor, and newly launched projects in Australia and Vietnam. Meanwhile, MIDF Research kept a 'neutral' call on the stock and revised its target price to RM1.17 from RM1.21. The research house said management remains committed to achieving a new sales target of RM4.8bil on the back of the planned launch of RM5.1bil worth of property developments and RM300mil in industrial properties.
