SP Setia confident of RM4bil sales target despite economy slowdown

Signed deal: Khor (3rd from right) exchanging documents with CIMB head of corporate banking Lee Heng Keng after the signing ceremony. With them are AmBank executive vice-president, wholesale banking Sim How Chuan (left), Maybank MD of corporate banking Caroline Teoh, Setia Federal Hill director Mohamad Abdullah (2nd from right) and Industrial and Commercial Bank of China (Malaysia) deputy CEO Wang Chunhai (right).

KUALA LUMPUR: Property developer SP Setia Bhd remains sure of hitting its sales target of RM4bil for the financial year in spite of the slowdown in the economy.

“As it is, unbilled sales stand at RM9.5bil as many of our projects are sold out, but because the buildings have yet to be completed, the sales are not recognised as yet,” acting president and chief executive officer Datuk Khor Chap Jen said.