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Saturday, May 23, 2009

SP Setia wins award for Johor project

Liew receiving the award from FIABCI World president Lisa Kurrass in Beijing as Malaysia's ambassador to China Datuk Syed Norulzaman looks on

PETALING JAYA: Property developer S P Setia Bhd has won the FIABCI Prix d’Excellence Award 2009 in the Best Master Plan Development category for the second time.

President and chief executive officer Tan Sri Liew Kee Sin said the international award showed that a Malaysian company was capable of meeting international standards in property development.

“The recognition by FIABCI International affirms our commitment to continuously raise the bar in terms of innovation, product, service and quality in all our projects,” he told StarBizWeek in an email reply.

S P Setia received the FIABCI Prix d’Excellence Award 2009 in the Best Master Plan Development for its eco-themed project in Johor Baru, Setia Eco Gardens, from the Paris-based International Real Estate Federation (FIABCI) in Beijing on Wednesday.

In 2007, Setia Eco Park in Shah Alam won FIABCI’s Best Master Plan Development award.

The win puts Setia Eco Gardens among other global real estate gems such as the Twin Waters on the Sunshine Coast in Australia, Trump World Tower in New York, Gardenville in Singapore and Tokyo Bayfront East in Japan.

Liew said the first award to Setia Eco Park spurred the group to look at new ways of sharing the eco concept with home buyers.

“We took the best eco-inspired elements from our Setia Eco Park high-end project in the Klang Valley and adapted it to suit a mass residential township in Johor Baru,” he said.

The 948-acre freehold Setia Eco Gardens located in the heart of Iskandar Malaysia is being developed based on the premise of an environmentally-friendly township.

The project has total gross development value of RM3.5bil, comprising 6,600 residential and commercial properties.

To-date, 95% or 550 eco-homes have been sold with total value of RM140mil.

By The Star (by Racheal Kam)

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