S P Setia keen to pursue investment in Indonesia
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S P Setia keen to pursue investment in Indonesia
Apr 12, 2012
KUALA LUMPUR: Property developer, SP Setia Bhd, is open to investment opportunities in Indonesia with the opening of its representative office in Jakarta today.

In a statement today, SP Setia's president/chief executive officer, Tan Sri Liew Kee Sin, said Jakarta represented the fifth overseas destinations the developer has ventured into after Vietnam, Singapore, Australia and China.

"The group's exploratory foray into Indonesia is a natural progression as it saw great promise and potential in the country and would like to get to know it and and its people better by having an office there.

"SP Setia has been a long-time admirer of Indonesian culture and in particular its architecture," he said.

In fact, the group's very first luxury development -- Duta Nusantara in Kuala Lumpur was inspired by Indonesian architecture and the serene lifestyle offered by the many world class resorts of Bali, he said.

Duta Nusantara was given subsequent recognition by FIABCI Malaysia when it won the Malaysia Property Award for Best Residential (Low-Rise) Development in 2006, he said.

He said this led to other initiative to include more Indonesian influences in its subsequent luxury projects such as Duta Tropika and Setiahills.

Liew said apart from providing information and displaying its properties, they also hoped to be able to source directly for Indonesian arts & crafts, building materials and furniture to be incorporated into its projects.

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