CANBERRA: Leading developer SP Setia Bhd has set its sights on more projects here with the launch of its A$470mil twin tower project Fulton Lane, dubbed the ‘New Jewel in the Crown’ of Melbourne CBD.
Acting president, Datuk Khor Chap Jen, said Fulton Lanes 804 luxury apartments were completed and fully sold two months ahead of schedule.
He said the company has settled the development loans of A$184 million by July 22, which was earlier than the due date.
“I am sure Fulton Lane’s legacy today will forge the SP Setia brand as a leading and trusted developer in Australia,” he said here on Friday.
Fulton Lane had been awarded a prestigious Green 4-star Certified Rating in Ecologically Sustainable Development for featuring the best sustainable designs with contemporary architecture that has created a new exciting addition to Melbourne City’s skyline.
This resonates with SP Setia’s DNA of developing eco and sustainable products across our projects in Australa, Malaysia, Vietname, Singapore and China.
Besides Fulton Lane, Khor said, SP Setia was expected to open its second real estate project, Parque Melbourne in St Kilda Road, one of Australias premier boulevards.
Construction on Parque Melbourne, which featured over 9,000 sq metres of heritage-protected land with 332 units, began Jan 1 this year and would be completed late next year, he said.
“SP Setia is also constantly seeking new ventures and challenges in Australia, including Sydney and Brisbane and other countries,” he said.
