S P Setia Berhad is recognised as Malaysia’s leading listed real estate player with a successful reputation for innovation-driven and standard-setting developments. The Group’s strength lies in its prowess in creating meaningful surroundings depending on its development philosophy of Live Learn Work Play.
The developer has constructed a solid base in Malaysia offering an extensive product range including eco refuges townships, luxury residences, business parks, commercial and retail developments.
Incorporated in 1974, S P Setia started out as a construction company and was listed on the Kuala Lumpur Stock Exchange (now Bursa Malaysia) in 1993. To property development it refocused its core company in 1996 with supporting businesses in building, infrastructure and wood -based production.
Award winning Programmer
S P Setia is the sole Malaysian developer to be recognised six times by the International Real Estate Federation (FIABCI) for three Greatest Master Plan Developments, one Best Residential (Low-Rise) Development, a Specialised Endeavor (Purpose-Built) and a Best Retail Development award. Locally, the Group has garnered eight FIABCI Malaysia Property Awards.
No other developer has achieved this feat since the start of the awards.
A Growing International Existence
In the past seven years, the Group has spread its wings to Australia, Singapore, Vietnam and more recently the United Kingdom.
Following this success, the Group has additionally launched a mixed development project called Eco Xuan at Lai Thieu in Tuan A District, Binh Doung Province.
In 2009, S P Setia created an office and two years later, the Group obtained a 29,440 sq ft site to develop a high rise condominium called 18 Woodsville. The successful start of the project spurred the developer to acquire another parcel of land for the luxurious high rise project of Eco Sanctuary.
The successful start of Fulton Lane spurred S P Setia to look at more chances in Melbourne and the Group got another piece of land, this time on the upmarket St Kilda Road, additionally in the City of Melbourne for its Parque project.
In April 2012, S P Setia was encouraged by the Malaysian Government to head the Malaysian consortium formed to collectively develop the China-Malaysia Qinzhou Industrial Park (QIP). In September Battersea Power Station was obtained by S P Setia via a joint venture consortium jointly with Sime Darby and the Employees Provident Fund.
Driving the Malaysian Property Sector
S P Setia enjoys a strong presence in the state of Selangor, Malaysia through its flagship projects, the 2,525-acre Setia Alam and 791-acre Setia Eco Park. In the city of Kuala Lumpur, the developer has assembled three high-end projects which are Setiahills, Duta Tropika and Duta Nusantara.
Leveraging on the powerful demand for commercial and investment level properties, S P Setia has also expanded into the commercial sector with projects such as SetiaWalk, the Group’s first maiden retail mall project, Setia Avenue called Setia City Mall and also the approaching KL Eco City. The futuristic KL Eco City using its focus on sustainable development KL Eco City will function for the estimated six million inhabitants of Selangor and Kuala Lumpur as a nexus of commercial, residential and recreational interests.
S P Setia is also well established in the state of Johor, Penang and Sabah, three other key economic areas in Malaysia.