SCP Property Services
What we found
SCP Property Services Sdn Bhd, developer of the Societe project in Desa Sri Hartamas, is under SCP Group, one of the largest car park operators in the country, which ventured into property development in 2011.
The evidence
Delivery
NegativeBy late 2018, SCP Group had completed Inanam Capital and Ashton Tower in Kota Kinabalu, plus Lido Residency in Jalan Loke Yew, Seasons Garden in Wangsa Maju and KL Traders Square in Jalan Gombak in Kuala Lumpur.
2 more findings
SCP Property Services unilaterally bought back all sold units of Societe (its first build-then-sell project, launched 2023) and converted it from SoHo use to serviced residence, halting the original SoHo delivery.
Since 2011, SCP Group has completed and delivered more than 17 projects worth over RM5 billion in the Klang Valley and Sabah, with Societe, The Birch in Jalan Ipoh and Flora Residency in Setapak as its latest completions by July 2023.
Corporate continuity
SCP Group began in 1999 as Systematic Corporate Parking Sdn Bhd, is one of Malaysia's largest car park operators, and moved into property development in 2011.
One more finding
SCP Group was first established in 1999 as Systematic Corporate Parking Sdn Bhd.