CYBERJAYA: S P Setia Bhd has acquired approximately 268.11 acres of freehold land in Cyberjaya from Cyberjaya's master developer, Setia Haruman Sdn Bhd for a total of RM420.4 million.
SP Setia's president and CEO, Tan Sri Liew Kee Sin said on Wednesday, March 2 the land would be developed by Setia Eco Villa, a joint venture company between S P Setia (70%) and Setia Haruman (30%) into a mixed development with an expected gross development value (GDV) of RM3 billion.
The project to be known as Setia Eco Glades is expected to commence in FY2012 pending approvals and is expected to take about six years, he said after a signing ceremony between S P Setia and Setia Haruman on March 2.
The largest property developer in Malaysia by sales volume, wants to create an eco-themed development based on its flagship Setia Eco Park development in Shah Alam.
SP Setia's president and CEO, Tan Sri Liew Kee Sin said on Wednesday, March 2 the land would be developed by Setia Eco Villa, a joint venture company between S P Setia (70%) and Setia Haruman (30%) into a mixed development with an expected gross development value (GDV) of RM3 billion.
The project to be known as Setia Eco Glades is expected to commence in FY2012 pending approvals and is expected to take about six years, he said after a signing ceremony between S P Setia and Setia Haruman on March 2.
The largest property developer in Malaysia by sales volume, wants to create an eco-themed development based on its flagship Setia Eco Park development in Shah Alam.
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