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SP Setia cuts sales target to 4-year low of RM3.5b

It's not only hurt by tepid home demand but also by Brexit, given its Battersea Power Station development

Kuala Lumpur

WITH no signs of a property revival in sight, Malaysian developer SP Setia has revised its sales target to RM3.5 billion (S$1.2 billion), its lowest in four years in what some consider as "the new norm going forward".

Owing to softness in key markets, management