The 'EcoLakes' project, with a gross development value of RM2.5 billion, will showcase Malaysian expertise in the property development sector in Vietnam. PROPERTY developer SP Setia Bhd is targeting between RM300 million and RM400 million in sales of properties at its soon-to-be-launched 'EcoLakes' project in Vietnam.Its group managing director and chief executive officer Tan Sri Liew Kee Sin said the company, which has obtained the necessary approvals to launch the project in April this year, will use the project to showcase Malaysian expertise in the property development sector in Vietnam.The 200ha integrated development, which carries a gross development value of RM2.5 billion, is located in Ho Chi Minh City."We will ensure that this maiden project of ours in Vietnam carries the same high standards executed in Malaysia as we brand ourselves as one of the best developers in that country," he told reporters during a Chinese New Year gathering in Penang yesterday. Read more
(New Straits Times 16-2-2008)
