KUALA LUMPUR: SP Setia Bhd will embark on a luxury condominium and two commercial developments with total estimated gross development value (GDV) of RM750mil after it has concluded separate deals with various parties.
It is acquiring two parcels of prime land measuring a total 5.96 acres for RM77.8mil to develop Setia Residences, a luxury condominium with an estimated GDV of RM500mil. It targets to begin development in 2008.
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