S P Setia Wins Third Global FIABCI Award

25 May 2011

KUALA LUMPUR, May 20 (Bernama) -- Malaysia's pioneer eco concept development, Setia Eco Park, did the country proud when they emerged as the winner in the Residential (Low-Rise) category at the Global FIABCI Prix d'Excellence Awards 2011 in Cyprus Thursday night.

FIABCI is the French acronym for The International Real Estate Federation which represents the world's real estate professions through its Special Consultative Status with the Economic and Social Council (ECOSOC) of the United Nations Organisation.

This marks the second Prix d'Excellence Award for Setia Eco Park following its 2007 win in the Master Plan Category.

Apart from Setia Eco Park's two accolades, the Group's Setia Eco Gardens in Johor Baharu also won the Prix d Excellence Award for Best Development Master Plan in 2009.

This makes S P Setia the only Malaysian developer to be recognised three times as winner at the global level by FIABCI.

The award ceremony this year saw 15 winners from nine countries namely the United States, China, India, Malaysia, Brazil, Russia, Hungary, Singapore and Cyprus.

Accepting the award for Setia Eco Park was S P Setia Berhad Group President & CEO Tan Sri Liew Kee Sin.

"We are extremely proud of this achievement and recognition given by an international world body like FIABCI. As the country s No. 1 Property Developer, we hold our heads high as we carry the Malaysian flag abroad," said Liew in a statement to Bernama.

The 791-acre Setia Eco Park is S P Setia's flagship eco concept development that started in 2004.

Seven years on, the freehold development has not only transformed the landscape for high-end developments, but has also inspired others in Malaysia and around the world to do the same.

"A second international recognition from FIABCI for our Precinct 3, Setia Eco Park is truly an honour for us at S P Setia. It also shows the world what Malaysia is capable off when it comes creating to world class developments," Liew added.

Mr Laszlo Gonczi, Organising Chairman of the FIABCI Prix d'Excellence Awards 2011 said this year's projects submitted were all of high quality, creating a close competition and very deserving recognition.

The FIABCI Prix d'Excellence Awards recognises the project that best embodies excellence in all the real estate disciplines involved in its creation.

Winning projects are judged based on a set of criteria which include architecture, development, environmental impact, financials and marketing and are selected by an international panel of real estate professionals and experts.