FINANCIAL RESULTS & GROUP UPDATE
FOR THE YEAR ENDED 31 DECEMBER 2020
25 February 2021 SNAPSHOT OF S P SETIA
Global presence in 7 countries
Market capitalization Ongoing projects Workforce
RM 3.77 bil 48 2,164 Share price : MYR 0.93
Listed on Bursa Malaysia in 1993 Malaysia : 41 on-going projects Malaysia : 2,082 staffs Constituent in MSCI Malaysia Index International : 7 on-going projects International : 82 staffs
Unbilled sales Remaining land bank Remaining GDV
RM bil RM 10.05 bil 8,528acres 136.87
Malaysia : RM4.07 bil Malaysia : 8,222 acres Malaysia : RM119.87 bil International : RM5.98 bil International : 306 acres International : RM17.0 bil 2 OUR VIEW ON THE PROPERTY MARKET Start of 2020
Setia Alam Bandar Kinrara
Setia Safiro 3 OUR VIEW ON THE PROPERTY MARKET Covid-19 Impact
• Construction work interrupted • Business Affected • Buyers more cautious • Less favourable market sentiment
• Sales target revised = RM3.8bil • Govt supports with HOC & other incentives • Developer offers additional discounts & attractive packages • Strong Pick-up in sales in 2nd half 2020
• Greater awareness on the need of a safe & secured home • Change in views of one’s ‘Ideal Home” • Increased importance placed on well-planned township/development 4 ECONOMIC RECOVERY PLAN
Highlights of the PENJANA stimulus package
RM35 billion short-term economic recovery plan aimed at helping businesses recover from the impact of COVID-19.
Key Highlights : 1. Extension of wage subsidy programme 2. Attracting foreign direct investments 3. Income tax rebate for newly established SMEs 4. Stimulating the property sector 5. Accelerating digitalisation of businesses 6. Embracing the new norm of working from home 7. Extension up to 30 September 2020 on the special tax deduction equivalent to 30% reduction in rental for SMEs
The Home Ownership Campaign (“HOC”) was reintroduced as part of PENJANA
The Government has reintroduced the HOC 2020 on 5 June 2020 as part of the PENJANA package. Several new incentives have been designed for the property market to help the sellers/buyers such as :
i. Stamp duty exemption. ii. Removal of 70% margin of financing limit iii. RPGT exemption
The HOC this year started on 5 June 2020 and will end on 31 May 2021. 5 ADJUSTING TO MARKET CONDITIONS Revision of 2020 Sales Target
5,000 RM 4.56b RM 4.55b 4,500 543 576 1 RM 3.80b 4,000 52 480 313 3,500 463 679 5 747 272 3,000 587 2,500
2,000
1,500 2,929 2,784 2,473 1,000
500
- Actual Original Target Revised Target FY2019 FY2020 FY2020
Central Southern Northern Eastern International 6 ADJUSTING TO MARKET CONDITIONS Digital Marketing
Stay HOME. Stay SETIA SETIA NOW CAMPAIGN
7 ADJUSTING TO MARKET CONDITIONS Digital Marketing
Reaching out to property buyers via various digital communication platforms
Setia Virtual-X road show Online live balloting First-of-its-kind interactive virtual expo that allows buyer Enable buyer to register and participate in balloting to experience online home fair (New launch) event and unit selection
Online Loan Calculator Setia Sales On The Go sales kit Enable buyer to figure out their loan eligibility Empower Setia sales representative to meet buyer anytime, anywhere (New launch)
8 Retained Position as Leading Property Developer in Malaysia
International, SALES 716 , 19% Central, 2,358 , 62% Local 81%
International 19%
Sales from HOC Eastern, 20 , <1% RM1,570 Sales of million 51% of Local Sales RM3,821 Southern, Sales from Completed 415 , 11% million Inventories : RM695 million
Northern, 312 , 8%
9 5 Years Financial Highlights Group Sales Performance
Sales Central Southern Northern Eastern International (RM’million)
Sales achieved : Sales achieved : Sales achieved : Sales achieved : Sales achieved : RM3,823 mil RM4,920 mil RM5,123 mil RM4,555 mil RM3,821 mil
Sales Target : Sales Target : Sales Target : Sales Target : Sales Target : RM3,521 mil RM4,000 mil RM5,000 mil RM4,550 mil RM3,800 mil
1,001 543 1,509 9 198 1 480 321 236 805 716 144- 157 747 20 587 467 312 415
3,110 2,642 2,680 2,784 2,358
2016 2017 2018 2019 2020
Page 10 10 5 Years Financial Highlights Group Revenue
Revenue (RM’million) Malaysia Singapore Australia Vietnam
RM4,957 mil RM4,520 mil RM3,594 mil RM3,929 mil RM3,228 mil
Staggered completion of Parque, Melbourne – Revenue of projects in Australia are recognized 2016: RM394 mil on completion method basis 2017: RM296 mil
5 The momentum has 394 Some rescheduling of picked up in the revenue 11 launches in Malaysia late uptrend in 2019 430 296 2017 had the impact on 51 revenue in 2018 35 8 5 111 13 33 24 93
224
4,128 4,162 3,853 3,465 2,887
2016 2017 2018 2019 2020 Page 11 11 5 Years Financial Highlights Group Profit Before Tax
Profit Before Tax Operational Profit Operational Profit Others (RM’million) (Malaysia) (International)
RM1,185 mil RM1,271 mil RM991 mil RM598 mil (RM157 mil)
The impairment provisions Gain on disposal of investment were accounted for as a properties - RM20 mil 1. Gain on disposal of investment prudent measure and do properties - RM5 mil not have any impact the 20 2. Gain on remeasurement Setia Group’s cash flow position - Federal Hill - RM349 mil 288 371 Excluding Impairments, Non-Strategic land the Group record a PBT of 354 sales – RM71 mil RM319.2 mil
71 897 880 682 554 341
(45) (27) (22)
1. Impairment of Setia Sky 88 – RM140mil (476) 2. Impairment of Battersea - RM336 mil
2016 2017 2018Page 12 2019 2020 12 5 Years Financial Highlights Profit Attributable to Shareholders
Profit Attributable to Operational Profit Operational Profit Others Shareholders (RM’million) (Malaysia) (International)
RM808 mil RM933 mil RM671 mil RM344 mil (RM321 mil)
1. Gain on disposal of investment Completion of properties - RM20 mil Staggered completion Battersea The impairment provisions of Parque, Melbourne 2. Gain on disposal of Plantation Power Station were accounted for as a in 2016 & 2017 Business – RM83 mil prudent measure and do 1. Gain on disposal of investment not have any impact the properties - RM5 mil Group’s cash flow position 103 2. Gain on remeasurement Setia - Federal Hill - RM349 mil Excluding Impairments, 239 the Group record a PAT of 353 Non-Strategic land RM121.0 mil 354 sales – RM54 mil
54 569 477 363 318 148 (46) (28) (27)
1. Impairment of Setia Sky 88 – RM106mil (442) 2. Impairment of Battersea - RM336 mil
2016 2017 2018Page 13 2019 2020 13 Financial Highlights Resilient performance
Profit & Loss (RM million) FY2020 FY2019 Revenue 3,228 3,929 Gross Profit 657 1,016 Gross Profit Margin 20.4% 25.9% Gross Profit – Excluding one off item 797 @ 944 # Gross Profit Margin – Excluding one off item 24.7% 27.8% Profit Before Tax (157) 598 Profit Before Tax– Excluding one off item 319 @* 526 # Profit After Tax (245) 422 Profit Attributable to Shareholders (321) 344 Basic Earnings per Share (RM sen) (11.19) 5.27
@ Excluded impairment of completed inventories of RM139.6m (largely due to Setia Sky 88) * Excluded impairment of Battersea RM336.3m # Excluded the sale of Embassy Land with approximately 8% gross profit margin
As At As At Balance Sheet (RM million) 31 December 31 December 2020 2019 Shareholders' Fund 13,922 14,349 Total Equity 15,341 15,782 Total Assets 30,381 30,043 Total Cash 2,919 3,060 Total Borrowings 11,978 11,239 Net Gearing Ratio (times) 0.59 0.52 Net Assets per share (RM sen) 2.91 3.02 14 KEY PROJECTS UPDATE
FOCUS ON LANDED PROPERTIES… 100% TAKE UP FOR BANDAR KINRARA 2-STOREY TERRACE – LEGASI 2
February 2020
100% take-up
Artist Impression of Legasi 2
LEGASI 2 (Phase 8A3) Type: Double storey terrace house Lot Size: 22’ x 75’ Built-up Area: 2,100 sq ft Price Range: from RM1,050,000 onwards No. of units: 76 Artist Impression of Legasi 2 environment
16 90% TAKE UP FOR ALAM IMPIAN 2-STOREY TERRACE – VIOLA
February 2020
90% take-up
Artist Impression of Viola
VIOLA (Phase A3-02) Type: Double storey linked house Lot Size: 22’ x 75’, 22’ x 80’ & 20’ x 85’ Built-up Area: 1,881 sq ft – 2,566 sq ft Price Range: from RM714,000 No. of units: 110 Artist Impression of Viola landscape
17 98% TAKE UP FOR SETIA ALAM 2 STOREY LINKED SEMI D – CASTANEA
March 2020
98% take-up
CASTANEA (Precinct 11) Type: Double Storey Semi Detached Lot Size: 32’ x 75’ Built-up Area: 2,451 sq ft onwards Price Range: RM1.05 mil onwards No. of units: 52
18 93% TAKE UP FOR SETIA SAFIRO 2-STOREY TERRACE March 2020
93% take-up
Artist Impression of Eldeseo ELAMOR & ELDESEO Type: Double storey linked house Lot Size: 20’ x 70’ Built-up Area: 1,828 sq ft – 2,008 sq ft Price Range: from RM800,000 No. of units: 162 Artist Impression of Setia Safiro Clubhouse
Artist Impression of Elamor 19 92% TAKE UP FOR ALAM IMPIAN 2-STOREY TERRACE – ARIA
July 2020
92% take-up
Artist Impression of Aria
ARIA (Phase A3-06) Type: Double Storey Terrace House Lot Size: 20’ x 85’ Built-up Area: from 1,825 sq.ft Price Range: from RM730,000 No. of units: 78 Artist Impression of Aria landscape
20 75% TAKE UP FOR BANDAR KINRARA 2-STOREY TERRACE – RIMBUN 3
August 2020
75% take-up
RIMBUN 3 (Phase 6B3-2) Type: Double storey terrace house Lot Size: 22’ x 80’ Built-up Area: 2,230 sq ft Price Range: RM983,000 onwards No. of units: 8
21 86% TAKE UP FOR BANDAR KINRARA 2-STOREY TERRACE – LEGASI 3
August 2020
86% take-up
LEGASI 3 (Phase 8A2) Type: Double storey terrace house Lot Size: 24’ x 65’ Built-up Area: 2,100 sq ft Price Range: RM1,070,000 -RM1,420,000 No. of units: 43
22 89% TAKE UP FOR SETIA ALAM 2 STOREY TERRACE HOUSE – LOREUM
August 2020
89% take-up
LOREUM (Precinct 11) Type: Double Storey Terrace House Lot Size: 22’ x 70’ Built-up Area: 2,079 sq ft onwards Price Range: RM768,000 onwards No. of units: 62
23 100% TAKE UP FOR SETIA ECOHILL 2 STOREY TERRACE HOUSE – HELEENA
October 2020
100% take-up
HELEENA (Phase 1B18) Type: Double Storey Terrace House Lot Size: 22’ x 70’ Built-up Area: 2,000 sq ft Price Range: from RM621,000 onwards No. of units: 70
24 100% TAKE UP FOR ECOLAKES 2&3 STOREY ROW HOUSES
November 2020
100% take-up
R8A – Phase 1 Type: 2&3 Storey Row Houses Lot Size: 1,076 – 2,102 sq ft Built-up Area: 1,343 – 2,617 sq ft Price Range: RM290,000 – RM592,000 No. of units: 165
25 100% TAKE UP FOR ECOLAKES 2&3 STOREY ROW HOUSES
November 2020
100% take-up
R8A – Phase 2 Type: 2&3 Storey Row Houses Lot Size: 1,076 – 3,073 sq ft Built-up Area: 1,343 – 2,617 sq ft Price Range: RM326,000 – RM785,000 No. of units: 218
26 82% TAKE UP FOR ECOXUAN APARTMENT – HIGH RISE SKY (C) December 2020
82% take-up
HIGH RISE SKY - C Type: Apartment Lot Size: - Built-up Area: 506 – 926 sft Price Range: RM192,000 – RM334,000 No. of units: 320
27 TOWNSHIP RELAUNCH / REBRANDING
Alam Impian, Shah Alam Bayuemas, Klang
Located 8km away from Shah Alam City Centre, 545-acres of skillfully planned pocket precincts with Alam Impian is set to be the next flagship township. promise of exclusivity to its homeowners. Total Land Size: 1,235 acres Total Land Size: 545 acres Undeveloped Land : 311 acres Undeveloped Land : 214 acres Remaining GDV: MYR 8.4 bil Remaining GDV: MYR 2.4 bil
28 EXTENSION OF EXISTING TOWNSHIP
Setia Alaman Setia Alamsari South
A new 399 acres township development connected to 342 acres of natured inspired township with GDV Setia Alam with GDV of RM4.2 bil of RM3.9 bil 29 NEW PROJECTS / DEVELOPMENT
Setia Federal Hill, Kuala Lumpur 52 acres land in the heart of Kuala Lumpur with total GDV of RM20.2 billion
30 IP ASSET / OPENING
Setia City Mall 2, Setia Alam Ecohill Walk, Semenyih
31 BATTERSEA POWER STATION Front view
Total GDV : GBP 9.3 bil
Sunset @ Winter in Battersea Power Station 32 32 BATTERSEA POWER STATION Master Plan
Phase 1 – Completed 7
1 6
2 5 6 6 1 5 4
Phase 2 – Mar-Aug 2021 3A Phase 4a 3A 3A 4
3C Phase 3A – 3C Nov 21 to Mar 22 3B NLE – 2021 (latest)
33 NORTHERN LINE EXTENSION (“NLE”) PROGRESS Expected to complete by end 2021
NLE Eastern Entrance Escalator from Platform
Platform Control Panel 3434 BATTERSEA POWER STATION Phase 2 Site Progress
Switch House West (SHW) Boiler House Switch House East (SHE)
Event Space Power Station with Circus West Chimney Lift Car Malaysia Square Village thriving F&B outlets Factory Visit
35 BATTERSEA POWER STATION Phase 2 Apple Office Update
Atrium roof and Oriel windows
Apple Office floor plate Apple atrium to reveal roof light, glass balustrades and Oriel windows
36 BATTERSEA POWER STATION Phase 3A Site Progress
Roof Garden @ Foster Building Hotel @ Foster Building Gehry Building
Benchmark apartment 37 BATTERSEA POWER STATION
Focus to sell the remaining units of BPS.
Phase 2 Phase 3A (Power Station) (Electric Boulevard)
Launched May 2014 Launched October 2014
GDV (Resi) £750 m GDV (Resi) £879 m
Units 255 Units 542
Expected Expected Mar-21 to Aug-21 Nov-21 to Mar-22 Completion Completion
Phase 2 & 3A Combined Take Up Rate of 69%
38 S P SETIA PROJECTS IN MELBOURNE 6 Projects in Melbourne with remaining GDV of AUD650 mil for Shangri-la hotel
COMPLETED ON-GOING ON-GOING 1 6 1 6 5
Uno Melbourne (GDV 462 mil) 636 units along A'Beckett St Fulton Lane (GDV AUD 450 mil) Saphire by the Gardens COMPLETED 805 units along Franklin St (GDV AUD 1,052 mil) 1 4 64-storey luxury residential 6 tower alongside the 5-star 5 Shangri-La hotel
COMPLETED 2 Marque (GDV AUD 39 mil) 2 4 47 units along High St, Prahran COMPLETED 3
3 Parque Apartments (GDV AUD 229 mil) Maison (GDV AUD 30 mil)15 329 units along St Kilda Rd 48 units along Neerim Rd CONSTRUCTION UPDATE IN AUSTRALIA Site Progress
Marque Residence, Prahran GDV AUD39 mil
100% completed in Oct 2020 and Handover in Nov 2020 Side and Rear View Front Façade View from View along High Street View along High Street 2 High Street from Percy Street
Sapphire by the Gardens, Melbourne GDV AUD 1,052 mil GDV AUD 402 mil (Apartments) GDV AUD 650 mil (Shangri-La Hotel) 32% completed as at 31-Dec-2020
Staggered completion from Q4 Façade along LaTrobe Concreting tower Fire stairs works in Podium masonry 2021 to Q2 2022 Street slab progress works in progress
Uno Melbourne GDV AUD 462 mil
Capping beams and Ground anchors 100% completed, Footing construction in progress. Shotcrete wall Shotcrete wall Staggered completion Pad footings in progress Shotcrete wall in progress from Q3 2022 to Q1 2023 (southeast boundary (South boundary) (northeast boundary) 40 SINGAPORE 3 Residential Developments with GDV of SGD 1.06 billion
COMPLETED ON-GOING 1 3
Daintree Residence (GDV SGD 472 mil) 327 units along Toh Tuck Road
18 Woodsville (GDV SGD 120 mil) 101 units in Potong Pasir 2 COMPLETED 2 3 1 Site Progress as at 30-Nov 2020 Expected completion Q2 2022
To-date, more than 93% take-up rate. Eco Sanctuary (GDV SGD 473 mil) 483 units along Chestnut Avenue 14441 FY2021 BUSINESS STRATEGIES Strengthening our Financials while Achieving Sales FOCUS AREA FOR 2021
Continue to achieve sales target. Strengthen our capital structure Optimise landbanks utilisation Capex optimization – delay hospitality assets amidst travel bans Continue with more use of IBS for both landed & high-rise Accelerate our Digital Transformation journey Embracing Sustainability Agenda
43 FOCUS TO CLEAR STOCKS
Setia V Setia Alam Alam Impian, Setia Eco- Setia Sky88, Residences, Aeropod, Kota Johor Shah Alam Cascadia, Penang Kimabalu Johor RM246mil RM101mil RM97mil RM96mil RM70mil RM66mil
Strategy 1 : RIGHT PRICING & FINANCING PACKAGES
Strategy 2 : TARGET OVERSEAS BUYERS Reaching out to overseas market i.e. in Hong Kong, Singapore once borders open
Strategy 3 : TARGET END USERS
Strategy 4 : TARGET SELL TO INDIVIDUAL & ENBLOC INVESTORS 44 CLEARING OF UNSOLD STOCKS Completed Inventories reduced by 24% in the last 12 months
Completion of Setia RM’Mil Sky Vista at RM135 million in 3Q 2019
1,700 1,581
1,500 1,472 1,459 1,435 1,394 1,337 1,300 1,230
1,089 1,100 1,040
900
700
500 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 Unsold Stock at Cost 45 OPTIMAL USE OF LAND BANKS
9 parcels of identified land banks measuring 1,295 acres Disposal of selected banks with estimated market value of RM1.96 billion
Land Estimated Location size Market Value (acres) (RM’mil) Central Region 1. Kenny Hills, Kuala Lumpur 2. Medan Damansara, Kuala Lumpur 863.3 913 3, Glengowrie, Semenyih, Selangor 4. Bayuemas, Klang, Selangor Southern Region 5. Pontian, Johor 377.3 467 6. Tanjung Kupang, Johor Northern Region 7. Tanjung Bungah, Penang 54.6 582 8. Bukit Dumbar, Penang 9. Sri Bayu, Penang Total 1,295.2 1,962
The Group is exploring expansion into new businesses to diversify the income stream, working with partners in optimising the use of land banks as well as working with JV partners to tap onto wider income stream. Page 46 46 SALES TARGET IN FY2021
MEETING THE UNDERLYING DEMAND… SALES TARGET IN FY2021 Maintain Sales at RM3.80 billion
International, SALES 566 , 15% Local 85%
Eastern, International 15% 52 , 1%
Northern, Sales 336 , 9% Target RM3.80 billion
Southern, Central, 588 , 16% 2,258 , 59%
The Group will strive to achieve sales target of RM3.80 billion 48 PLANNED NEW LAUNCHES CENTRAL REGION
Terrace Semi-D Terrace
SETIA ALAM PRECINT ARUNDINA SETIA SAFIRO GDV: RM83m GDV: RM46m GDV: RM50m
Semi-D Terrace 3 StoreyShopTerrace Lots SETIA MAYURI BAYUEMAS ALAM IMPIAN GDV: RM29m GDV: RM90m GDV: RM74m
49 PLANNED NEW LAUNCHES
CENTRAL REGION
3 StoreyApartmentsTerrace Semi-D Terrace TEMASYA GLENMARIE BANDAR KINRARA BANDAR KINRARA
GDV: RM130m GDV: RM54m GDV: RM49m
Terrace Terrace Semi-D
SETIA ALAMSARI ECOHILL ECOHILL 2 GDV: RM102m GDV: RM30m GDV: RM55m
50 PLANNED NEW LAUNCHES
SOUTHERN REGION
3 StoreySemiTerrace-D Terrace Semi-D SETIA ECO GARDENS TAMAN PELANGI INDAH SETIA TROPIKA GDV: RM58m GDV: RM40m GDV: RM61m
Commercial Commercial Shop Office TAMAN RINTING SETIA TROPIKA BUKIT INDAH GDV: RM29m GDV: RM59m GDV: RM63m
51 PLANNED NEW LAUNCHES
NORTHERN REGION
Semi D Bungalow Terrace
SETIA FONTAINES GDV : RM327m
52 Summary of FY2021 Planned Launches
PLANNED LAUNCHES BY REGION PLANNED LAUNCHES BY PRICE Southern, Total RM415 mil, RM500K – RM1 mil, 11% Above RM1 mil, RM1,361 mil, RM1,699 mil, 37% 46%
Northern, Central, RM446 mil, RM2,601 mil, Planned 71% 12% Launches 54% will be priced International, RM3.68 below RM1 mil RM217 mil, billion 6%
Below RM500K, RM619 mil, 17% Strictly only if desired velocity/ take-up rate achieved
Serviced Apartment, Affordable Housing, PLANNED LAUNCHES RM146 mil, BY TYPE RM130 mil, 4% 4% Commercial, RM340 mil, 9%
Landed Residential, % Condominium & Apartment, 67 RM527 mil, RM2,448 mil, will be from 67% 14% Landed Residential Industrial, RM88 mil, 2% Majority are mid-range priced landed units. 53 UNBILLED SALES, LAND BANKS & GDV
STRONG PIPELINE… UNBILLED SALES, LAND BANKS AND REMAINING GDV Unbilled Sales of RM10.05 billion is Supported by 8,528 acres of Remaining Land Banks and RM136.87 billion of Remaining GDV as at 31 Dec 2020
International, International, 306 , 4% 17.0, 13% Eastern, 53 , <1% Eastern, 3.3, 2% Remaining Remaining GDV Land banks RM136.87 Northern, 8,528 Northern, 1,398 , 16% billion acres 16.8, 12%
Central, Southern, 79.0, 58% Southern, Central, 20.8, 15% 2,244 , 26% 4,528 , 53%
. The Group remains resilient with unbilled sales totalling RM10.05 billion which will see the Group Unbilled sales – Local = RM4.07 billion through over the next 2 years. Unbilled sales – International = RM5.98 billion
Remaining Land Banks and Remaining GDV * *Effective stake 55 48 ONGOING PROJECTS Wide Range of Product Offerings to Support Growth
Central Southern Northern
23 Setia Alam 11 Setia Eco Cascadia 6 Setia Pearl Island Setia City Setia Tropika Setia Greens Setia Ecohill Setia Indah SPICE Setia Sky Vista Setia Ecohill 2 Setia Eco Gardens Setia Sky Ville Setia Eco Park Bukit Indah Johor Setia Fontaines Precinct Arundia @ Setia Setia Business Park II Eco Park Taman Perling Eastern Setia Eco Templer Taman Rinting 1 Aeropod Setia Eco Glades Taman Pelangi Setia Sky Seputeh Taman Pelangi Indah Setia Seraya Residences TRIO by Setia Taman Industri Jaya International KL Eco City 7 Battersea Power Station Bandar Kinrara Sapphire By The Gardens Temasya Glenmarie Uno, Melbourne Alam Impian Eco Xuan Bandar Baru Seri Petaling Eco Lakes Setia Alamsari Qinzhou Industrial Park Kota Bayuemas Daintree Residence Alam Damai Alam Sutera Setia Mayuri Setia Safiro Setia Warisan Tropika 56 AWARDS CLINCHED IN FY2020 8 Key Recognitions Crème de la crème
12-Time Winner 13-Time Winner
World Gold Winner FIABCI World Prix d’Excellence MSWG-ASEAN Corporate EdgeProp Malaysia’s Best Managed Awards 2020 The Edge Top Property Governance Awards 2019 Property Awards 2020 KL Eco City Developers Awards 2020 (awarded in 2020): EdgeProp-ILAM Malaysia’s World Gold Winner, No. 1 Industry Excellence Award Sustainable Landscape Awards 2020: Office Category category Adventure Park, Setia Ecohill 2
12th Malaysia Landscape 12th Malaysia Landscape The Edge Malaysia Property The Edge Malaysia Property Architecture Awards (MLAA 12) Architecture Awards (MLAA 12) Excellence Awards 2020 – Excellence Awards 2020 – Developer Category for Developer Category for Seri Pinang Parque Melbourne Landscape Master Plan Awards: Landscape Master Plan Awards: (Affordable Urban Housing) (Outstanding Overseas Project) – Excellence Award: Setia – Excellence Award: Essex Ecohill 2 Master Plan Garden, Setia Eco Templer 57 Q & A Thank You
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