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(VEN) - Vietnam's real estate industry has grown at a fast pace over the last few years. This is fuelled mainly by the increasing demand for housing, serviced apartments and office space in the country. Hence, the presence of SP Setia BHD Group in Vietnam is indeed a most welcome and timely one.
SP Setia Berhad is recognized as Malaysia's leading listed real estate player with a proven track record of innovation-driven and standard-setting developments spanning the full spectrum of property market from master-planned townships to thriving commercials hubs. Although incorporated in 1974 as a construction company, the SP Setia story really began in 1996 when they refocused their core business to property development with supporting business in construction, infrastructure and wood-based manufacturing to deliver product and service quality of the highest standard to its customers. SP Setia has also won international acclaim as attested by its four-year ranking as Malaysia's No.1 developer in the Edge Malaysia Top Property Developers Award and Euromoney Real Estate Awards from 2005 to 2008.
Starting up and working as a representative office in Vietnam since 2006, SP Setia has seen rapid growth. SP Setia explored the real estate space in demographically exciting Vietnam and concluded that there are many opportunities in this country which still has a thriving economy. "The fundamental values that underpin the success of SP Setia up to now are our ability and strong commitment to building sustainability into every aspect of our business with the efficiency, cost effectiveness and innovation. We have a distinct advantage over our competitors, as we not only bring an outstanding breadth of industry experience and expertise to our projects; we also offer highly specialized capabilities such as industrialized building system and a corporate culture of excellence and quality. Influenced by the culture built up through years of strong development of SP Setia in Malaysia, our team here in Vietnam has been governed by core values which shape and define the character of our company," said Mr Alex Loh, the Chief Resident Representative of SP Setia in Vietnam.
In mid-2007, SP Setia made its first foray into Vietnam when it joined forces with Vietnam's top state-owned conglomerate, Becamex IDC Corp to develop its maiden project - EcoLakes at My Phuoc Industrial Park, 42km North of Ho Chi Minh City. EcoLakes at My Phuoc is a 226ha eco sanctuary inspired by a desire to create a perfectly balanced environment in which to live. Its attractive investment potential makes it a golden opportunity for those seeking the perfect home as well as for savvy real estate investors. Following this, it expanded its projects to two more developments; EcoXanh at Saigon Hi-Tech Park in District 9 of Ho Chi Minh City and a mixed use project in Lai Thieu town, Thuan An District, Binh Duong province. SP Setia's latest offering is the EcoXuan at Lai Thieu project located at the Northern gateway of Ho Chi Minh City. Strategically located along the buzzing Highway 13 - the arterial lifeline of Binh Duong, EcoXuan will be credible landmark addition to this highway of prosperity. "These upward trends are set to continue as SP Setia has the competitive advantages that will keep it at the forefront of the highly competitive Vietnamese property scene for the next decade and beyond. We are confident to move ahead of market competition given our emphasis on the quality of our development and high level of services because we deliver what we promise and we are proud to bring our ECO brand and contribute to Vietnam's real estate industry particularly in the area of sustainable economic growth which the Vietnamese Government is calling for," shared Mr. Alex Loh./.
Nguyen Yen
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