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PETALING JAYA: SP Setia Bhd is making its entry into Sabah with a mixed residential and commercial property project in Tanjung Aru with a gross development value (GDV) at RM1 billion. SP Setia group managing director and chief executive officer Tan Sri Liew Kee Sin said the project “gives us a crucial stepping stone to springboard the SP Setia stable of brands into Sabah and capitalise fully on the state’s anticipated economic boom”. He said the expansion into east Malaysia was part of the group’s aim to diversify its geographical concentration into other high growth states in Malaysia as well as international markets. “Aeropod @ Tg Aru will be modelled after the creative hybrid commercial projects that we have launched such as Setia Walk and Setia Nexus 1 in the Klang Valley,” he said.
(30-1-2008 The Edge)
