DNR: SP Setia keen to expand property portfolio in Australia

Property developer SP Setia Bhd is keen to expand its property investment portfolio in Australia, said its president and CEO Tan Sri Liew Kee Sin. He said the group was also interested to expand its footprint in the UK and China amid its venture in the development of the China-Malaysia Qinzhou Industrial Park. 

"SP Setia's focus for the moment will be on property investment amid growing demand, especially from Asian investors. "Asians love to buy properties and SP Setia wants to be part of the market," he told reporters on the sidelines of the Fourth World Chinese Economic Forum (WCEF) here today. Liew said SP Setia's customers continue to show interest in its properties in Australia, Singapore and the UK amid the improved lifestyle and a good long-term investment. 

SP Setia has two property projects in Australia                             

#1. Fulton Lane -- its first Australian venture.

#2. St Kilda Road -- its second commitment when it bought a significant site in the city's premier residential boulevard.

The Australian operations contributed about 10% of the group's total sales of RM4 billion expected for the financial year 2012 ending October.