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Byline: Roznah Abdul Jabbar
SP Setia Bhd is set to develop Setia Eco Glades - which will be based on its awardwinning Setia Eco Park development in Shah Alam, Selangor - in the Cyberjaya Flagship Zone (CFZ).
To be developed by Setia Eco Villa, a 70:30 joint venture between SP Setia and Setia Haruman Sdn Bhd, the residential-cum-commercial project is expected to have a gross development value of RM3 billion, SP Setia president and chief executive officer Tan Sri Liew Kee Sin said after the signing of an agreement on Tuesday to acquire 268 acres of freehold land in CFZ from Setia Haruman for RM420.4 million, or RM36psf.
The land is connected by a network of …