SP Setia plans RM7b of projects for FY18

In its filings with Bursa Malaysia, Yong Tai said its wholly-owned subsidiary YTB Impression Sdn Bhd terminated the deal due to non-fulfilment of the condition precedent as stated in clause 3.1(c) of the joint development agreement. Yong Tai fell half a sen to close at 32.5 sen yesterday.

KUALA LUMPUR: SP Setia Bhd said it plans to launch RM7.07bil in projects for FY18, and set a sales target of RM5bil, of which 80% is expected to come from local projects.

"The focus is to leverage on the Group’s established townships and roll out more mid-priced landed properties where the demand for these staple products have proven to be strong.