S P Setia partners with Mitsui Fudosan to develop 2.67 acres of commercial land in Setia Federal Hill

• The GDV for the 2.67 acres of development is approximately RM1.4 billion and will comprise two residential towers with approximately 1,300 units, with the first tower slated to be launched next year.

KUALA LUMPUR (Dec 13): S P Setia Partners will develop two parcels of prime commercial land measuring 2.67 acres in Setia Federal Hill, Bangsar, with Mitsui Fudosan (Asia) Malaysia Sdn Bhd (Mitsui Fudosan).

The development will encompass two parcels of land and is set to inject a fresh wave of vitality into the vibrant Bangsar neighbourhood.

“This strategic move signifies a significant opportunity for S P Setia to expand its presence further and establish a strong foothold in the highly sought-after Bangsar district,” stated S P Setia in a media release.

The GDV for the 2.67 acres of development is approximately RM1.4 billion and will comprise two residential towers with approximately 1,300 units, with the first tower slated to be launched next year.

“This joint venture between S P Setia and Mitsui Fudosan is significant for both companies, as it brings together one of the country's top developers and a distinguished property investment company in Malaysia,” said Datuk Choong Kai Wai, president and CEO of S P Setia Bhd.

“The collaboration will not only bolster the project's profile but also provide an exceptional opportunity for Setia to market to international clients. With their combined expertise and proven track records, the joint venture is poised to unlock the full potential of the development and redefine the skyline of Setia Federal Hill,” he added.

Setia Federal Hill, spanning 51.66 acres, is a prestigious development located in the prime area of Bangsar.

Strategically situated opposite KL Sentral, Setia Federal Hill offers unparalleled convenience and accessibility. "We are delighted to partner with Mitsui Fudosan in this exciting project. By combining the strengths and expertise of both companies, we are confident that this joint venture will pave the way for a remarkable development in Setia Federal Hill. The collaboration with Mitsui Fudosan is a testament to our commitment to excellence in every endeavour," said Choong.

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