PETALING JAYA: Property developer SP Setia Bhd has won its 12th World Gold Award from FIABCI World Prix d’Excellence 2020 Awards.
The announcement was made virtually last night, conferring the prestigious Gold Award to SP Setia for its KL Eco City (KLEC) under the Office category.
KLEC is a transport-oriented integrated green mix-development, located strategically between Petaling Jaya and Kuala Lumpur.
The project, which has an estimated gross development value (GDV) of over RM7bil, comprises commercial offices, retail outlets, luxury residential towers and a hotel.
SP Setia president and chief executive officer Datuk Khor Chap Jen said SP Setia was the only property developer in Malaysia to have received 12 FIABCI World Gold Prix d’Excellence Awards by the International Real Estate Federation (FIABCI) and 12 FIABCI Malaysia Property Awards.
“We are elated to solidify once again our position as the top property developer in Malaysia through our top-notch award-winning projects.
“It is a great occasion for Team Setia as we have worked tirelessly to deliver on our promises, ” he said in a statement.
He added that the award would reaffirm SP Setia’s efforts in delivering innovation and quality in property development, on top of distinguishing KLEC from its competitor.
As of March 31,2020, SP Setia has 48 ongoing projects, with an effective remaining land bank of 8,718 acres valued at a GDV of RM138.87bil and total unbilled sales of RM9.80bil.