SP Setia buys prime land in Cyberjaya

Property developer, S P Setia Bhd, has bought 108.5 hectares (268.11 acres) of prime freehold land in Cyberjaya's flagship zone for RM420.4 million from Setia Haruman Sdn Bhd.

The land will be developed as Setia Eco Glades project by Setia Eco Villa, a joint-venture company between S P Setia Bhd which holds 70 per cent and Setia Haruman Sdn Bhd 30 per cent.

S P Setia president and chief executive officer Tan Sri Liew Kee Sin said the project would be a mixed residential and commercial development.

By Bernama