SP Setia surpasses FY18 sales target, expects resilient performance

The company

KUALA LUMPUR: Property developer SP Setia Bhd achieved sales of RM5.12bil in 2018, surpassing its target of RM5bil and it expects a resilient performance this year.

The company’s local projects contributed RM4.12bil or approximately 80% of sales while the international projects contributed RM1bil or approximately 20% of sales, it said on Wednesday.

On the local front, the sales secured were largely from Central region with RM3.11bil whereas the Southern region contributed RM805.1mil while Northern and Eastern regions combined, contributed RM206.6 million of sales. 

As for the international projects, UNO Melbourne continued to outperform with sales of RM653.6mil while Sapphire by the Gardens added on another RM65.5mil of sales.

UNO Melbourne continued to outperform with sales of RM653.6mil