SP Setia Bhd's decision to team up with two solid institutions to develop part of its huge land bank in Bandar Setia Alam, Shah Alam, is a shrewd move by the company to minimise its capital commitment in the project.
Details of SP Setia's joint venture with the Employees Provident Fund (EPF) and Great Eastern Life Assurance (M) Bhd announced yesterday gave a clearer picture on the company's game plan for the project, and indicated that it may end up with a lot of land in Bandar Setia Alam for virtually no cost of all.