KUALA LUMPUR: SP Setia achieved sales of RM3.21bil in the nine months ended Sept 30, 2018 and in the long run, the property developer’s prospects remain positive with total unbilled sales of RM7.92bil.
Announcing its nine-month results ended Sept 30, 2018 on Wednesday, it said of the RM3.21bil, local projects contributed RM2.32bil or 72% of the total sales. International projects contributed RM894mil or 28% of the total sales.
In a statement, SP Setia group president and CEO Datuk Khor Chap Jen said: “In the long run, the group’s prospects going forward remain positive with total unbilled sales of RM7.92bil, anchored by 46 ongoing projects and an effective remaining land bank of 9,548 acres with a gross development value (GDV) of RM155.26bil as at Sept 30, 2018”.
On the January-September sales, the local sales secured were largely from the central region with RM1.60bil, the southern region RM642mil and the northern region combined with the eastern region contributed RM78mil.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
