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Residential property prices and rental rising
Numerous property developments in the southern corridor have boosted real estate values. Such developments range from townships and niche residential projects in Puchong, Bandar Kinrara and Seri Kembangan to Putrajaya and Cyberjaya intelligent cities.
High demand seen for commercial space
THERE is robust demand for commercial space in Southern Klang Valley but inadequate supply of quality commercial space.
Your 10 Questions
SP Setia Bhd president and CEO Tan SriLiew Kee Sin fields the 10 questions posedto him by our readers.
SP Setia posts 32% higher PAT on asset disposal, property sales
Property developer SP Setia posted a 32% rise in profit after taxation (PAT) to RM75.2 million for the fourth quarter ended Oct 31 from disposal of an investment property in Bukit Indah, Johor.
SP Setia Q2 net profit up 80% on investment property
PETALING JAYA: SP Setia Bhd's net profit for the second quarter ended April 30 surged 80% to RM92.22mil from RM51.21mil a year earlier due to a gain arising from the disposal of an investment property.
NAZA targets 31 Chevrolet centres by year-end
KUALA LUMPUR: NAZA Quest Auto Sdn Bhd is targeting to set up a network of 31 Chevrolet sales, service and spare part (3S) centres across Malaysia by year-end and hopes to increase the number of outlets to 41 by 2013, said Chief Operating Officer Datuk Maruan Mohd Said.
SP Setia in urban renewal projects
SP Setia Bhd is riding high on the strong property market, given its vast landbank in high-growth property markets in the Klang Valley, Penang and Johor, and being a frontrunner for government land redevelopment projects.
Questions aplenty over PNB’s bid to control SP Setia
Tan Sri Liew Kee Sin, the chief architect of one of Malaysia's largest listed developer SP Setia Bhd, is faced with his biggest test - possibly ever. A highly volatile environment, a global economic slowdown cranking up the pressure on property prices as well as demand and thinning margins, all of which have led to property counters suffering a beating on the local bourse.
SP Setia targets RM4bil in property sales
SHAH ALAM: SP Setia Bhd posted a 30% year-on-year jump in net profit to RM327.97mil for its financial year ended Oct 31, 2011 (FY11). The property developer attributed this mainly to higher selling prices for new launches and the stabilisation in the prices of construction materials. Revenue also increased 27.9% to RM2.23bil.
SP Setia earnings up 19%
PETALING JAYA: SP Setia Bhd posted a 19.3% year-on-year jump in net profit to RM74mil for its first quarter ended Jan 31.
