SP Setia's Setia Federal Hill secures Malaysia's first LEED ND Platinum certification
The certificate, presented on July 11, 2025 at the Setia International Centre in Kuala Lumpur, recognises Setia Federal Hill's commitment to environmental sustainability, smart urban planning, and community inclusivity.
In a statement, S P Setia executive vice president Liong Kok Kit said the certification affirmed its deep commitment to building sustainable, resilient, and inclusive communities.
'It is a testament to our collective vision, dedication, and collaboration that brought Setia Federal Hill to life, and we are honoured to receive this recognition.
'Known as the highest rating awarded by the USGBC, this is a significant milestone, not only for Setia but also for the advancement of sustainable urban developments in Malaysia,' he added.
Setia Federal Hill is notably the first development in Malaysia to achieve the highest rating under the LEED ND v4 framework, conferred by the U.S. Green Building Council (USGBC).
Based on the 2023 masterplan, Setia Federal Hill was evaluated on smart location, design, green infrastructure, innovation, and regional relevance. The plan aims to create a walkable, low-carbon, future-ready community aligned with Malaysia's sustainability goals.
Setia Federal Hill spans 52 acres with an estimated gross development value (GDV) of RM1.4bil. The development will feature two residential towers with around 1,300 units. In partnership with Mitsui Fudosan, the first tower, Parkside Residences, is set to launch in the second half of 2025.
Setia Federal Hill covers 52 acres and carries an estimated gross development value (GDV) of RM1.4bil. The project will include two residential towers with about 1,300 units. Developed in partnership with Mitsui Fudosan, the first tower, Parkside Residences, is expected to launch in the second half of 2025.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
7 hours ago
- The Star
YTL 4Q earnings improve
YTL group executive chairman Tan Sri Francis Yeoh Sock Ping. PETALING JAYA: YTL Corp Bhd expects its businesses to remain resilient despite lower earnings in the financial year ended June 30, 2025 (FY25), citing the 'essential nature of its operations'. In a filing with Bursa Malaysia, the group stated it would 'continue to closely monitor the related risks and impact on all business segments'. For the fourth quarter ended June 30, 2025 (4Q25), YTL Corp saw its revenue slipping 6.9% year-on-year (y-o-y) to RM7.67bil, but net profit inched up 2.3% to RM547.17mil. Executive chairman Tan Sri Francis Yeoh Sock Ping said the stronger bottom line was mainly driven by its utilities segment, which contributed about 60% or RM841.5mil to the group's RM1.4bil pre-tax profit. 'As power generation is an essential service, electricity demand is expected to remain stable. This segment will continue to focus on customer service, operational efficiency and exploring diversification beyond the core business into integrated multi-utilities supply,' the group noted. For FY25, group revenue was broadly flat at RM30.82bil versus RM30.49bil in FY24, but net profit fell 12.2% to RM1.88bil from RM2.14bil in FY24. YTL Corp has declared a dividend of five sen per share for FY25, higher than 4.5 sen in FY24. Meanwhile, its 46.45%-owned listed subsidiary YTL Power International Bhd posted weaker results, with its 4Q25 revenue down 11.9% y-o-y to RM5.55bil and net profit tumbling 34% to RM667mil from RM1.01bil. YTL Power's results were hit by weaker contribution from its power generation segment and wider losses from its telecommunications segment, partly offset by growth in its water and sewerage segment. For FY25, YTL Power's revenue slipped 2.1% y-o-y to RM21.81bil, while net profit sank 29.6% to RM2.4bil. It declared a second interim dividend of four sen a share in 4Q25, bringing the total dividend in FY25 to eight sen per share, up from seven sen in FY24. In contrast, Malayan Cement Bhd (MCement), 66.67%-owned by YTL Cement Bhd, which in turn is a subsidiary of YTL Corp, delivered stronger results. For 4Q25, MCement's top line rose 6.5% on-year to RM1.11bil while earnings surged 50.1% to RM165.42mil. For FY25, MCement's revenue grew 1.8% to RM4.53bil compared to RM4.45bil in FY24, while net profit surged 56.8% to RM672.39mil from RM428.7mil in FY24. It declared an interim dividend of seven sen in 4Q25, bringing the full-year dividend to 12 sen a share, up from 10 sen in FY24. Yeoh attributed the improved performance to efficiency upgrades, environmental, social and governance-driven improvements and lower impairment charges. Looking ahead, MCement said demand would remain supported by infrastructure, industrial and residential projects, with the Johor-Singapore Special Economic Zone providing an additional catalyst. At market close yesterday, YTL Corp rose two sen to RM2.70, YTL Power gained eight sen to RM4.32, while MCement slipped five sen to RM5.32. Yeah Tiong Lay & Sons Holdings Sdn Bhd, controlled by the Yeoh family, holds a 48.2% stake in YTL Corp. The Employees Provident Fund owns 8.27% in YTL Corp and 9.73% in YTL Power, while Switzerland-based Credit Suisse Group AG holds 8.76% in YTL Corp and 2.99% in YTL Power.
The Star
7 hours ago
- The Star
Data centre deals lift SunCon's earnings in 2Q25
The group said its strong second-quarter performance was fuelled by its construction segment. PETALING JAYA: For the second consecutive quarter, Sunway Construction Group Bhd 's (SunCon) earnings more than doubled as revenue from data centre projects lifted the net profit to RM83.9mil in the second quarter ended June 30, 2025 (2Q25). This was the highest quarterly net profit achieved since SunCon's initial public offering in 2015. The group, which has delivered more than 100MW of data centre capacity to its clients, also noted that its revenue has exceeded RM1.4bil for three straight quarters. In 2Q25, SunCon's revenue surged 127% year-on-year (y-o-y) to RM1.48bil, while net profit jumped to RM83.89mil from RM38.87mil a year earlier. In a statement, the group said its strong second-quarter performance was fuelled by its construction segment. 'The construction segment recorded a 140% increase in revenue to RM1.43bil, with profit before tax (PBT) surging 159% to RM121.4mil. 'The growth was driven by the accelerated progress of several data centre projects during the quarter, which also contributed to a stronger PBT margin.' With two consecutive quarters of strong performance, SunCon saw revenue more than double to RM2.88bil in the first-half period from RM1.26bil in the previous corresponding period. Net profit also more than doubled to RM159.6mil in the six-month period ended June 30, 2025. The financial performance was underpinned by peak construction progress in several data centre projects. SunCon declared a second interim single-tier dividend of 7.25 sen per ordinary share for the financial year of 2025. The group also highlighted that its order book as at end-June stood at RM6.72bil. New orders secured amounted to RM3.81bil, achieving over 60% of the group's order book replenishment target range of RM4.5bil to RM6bil. These contracts encompass a diverse array of projects, including data centres, transit-oriented development and prefabricated components. Group managing director Liew Kok Wing said the group is currently managing five ongoing data centre projects for four major multinational corporations. 'Building on our proven track record and technical capabilities, we reinforce our position in the Advanced Technology Facilities segment, while broadening our portfolio to seize opportunities from the nation's pump-priming infrastructure projects, renewable energy transition projects and development projects within the Sunway Group.'
The Star
16 hours ago
- The Star
YTL Corp delivers resilient FY25 performance with higher dividend payout
YTL group executive chairman Tan Sri Francis Yeoh Sock Ping. PETALING JAYA: YTL Corp Bhd expects its businesses to remain resilient despite lower earnings in the financial year ended June 30, 2025 (FY25), citing the 'essential nature of its operations.' In a Bursa Malaysia filing, the group stated it would 'continue to closely monitor the related risks and impact on all business segments.' For the fourth quarter ended June 30, 2025 (4Q25), YTL Corp saw its revenue slipped 6.9% year-on-year (y-o-y) to RM7.67bil but net profit inched up 2.3% to RM547.17mil. Executive chairman Tan Sri Francis Yeoh Sock Ping said the stronger bottomline was mainly driven by its utilities segment, which contributed about 60% or RM841.5mil to the group's RM1.4bil profit before tax. 'As power generation is an essential service, electricity demand is expected to remain stable. This segment will continue to focus on customer service, operational efficiency and exploring diversification beyond the core business into integrated multi-utilities supply,' the group noted. For FY25, group revenue was broadly flat at RM30.82bil versus RM30.49bil in FY24, but net profit fell 12.2% to RM1.88bil from RM2.14bil in FY24. YTL Corp declared a dividend of five sen per share for FY25, higher than 4.5 sen in FY24. Meanwhile, YTL Corp's 46.45%-owned listed subsidiary YTL Power International Bhd posted weaker results, with its 4Q25 revenue down 11.9% y-o-y to RM5.55bil and net profit tumbling 34% to RM667mil from RM1.01bil. YTL Power's results were hit by weaker contribution from its power generation segment and wider losses from its telecommunication segment, partly offset by growth in its water and sewerage segment. For FY25, YTL Power's revenue slipped 2.1% y-o-y to RM21.81bil while net profit sank 29.6% to RM2.4bil. It declared a second interim dividend of four sen a share in 4Q25, bringing the total dividend in FY25 to eight sen per share, up from seven sen in FY24. In contrast, Malayan Cement Bhd (MCement), 66.67%-owned by YTL Cement Bhd, which in turn is a subsidiary of YTL Corp, delivered stronger results. For 4Q25, MCement's topline rose 6.5% on-year to RM1.11bil while earnings surged by 50.1% to RM165.42mil. For FY25, MCement's revenue grew 1.8% to RM4.53bil compared to RM4.45bil in FY24, while net profit surged 56.8% to RM672.39mil from RM428.7mil in FY24. It declared an interim dividend of 7 sen in 4Q25, bringing the full-year dividend to 12 sen a share, up from 10 sen in FY24. Yeoh attributed the improved performance to efficiency upgrades, environmental, social and governance-driven improvements and lower impairment charges. Looking ahead, MCement said demand would remain supported by infrastructure, industrial and residential projects, with the Johor-Singapore Special Economic Zone providing an additional catalyst.
