S P Setia Berhad is recognised as Malaysia’s top listed real estate player with a proven track record of innovation-driven and standard-setting developments. The Group’s strength lies in its art in creating environments that are significant according to its development doctrine of Live Learn Work Play.
The developer has built a solid foundation in Malaysia offering an extensive product range which includes 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 encouraging businesses in infrastructure, building and wood -based production.
S P Setia is the only Malaysian developer to be recognised six times from the International Real Estate Federation (FIABCI) for three Finest Master Plan Developments, one Best Residential (Low-Rise) Development, a Specialised Project (Purpose Built) and a Best Retail Development award. Locally, the Group has garnered eight FIABCI Malaysia Property Awards.
This feat has not been achieved by any other developer since the start of the awards.
A Growing International Existence
In the past seven years, the Group has also spread its wings to Singapore, Vietnam, Australia and more recently the United Kingdom.
In Singapore, S P Setia created an office in 2009 and two years later, the Group acquired a 29,440 sq ft site to develop a high-rise condominium called 18 KL Eco City Woodsville. The successful launch 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 opportunities in Melbourne and the Group acquired 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 invited by the Malaysian Authorities to lead the Malaysian consortium formed to collectively develop the China-Malaysia Qinzhou Industrial Park (QIP). In September Battersea Power Station was got by S P Setia via a joint venture consortium together with the Employees Provident Fund as well as Sime Darby.
Driving the Malaysian Property Sector
S P Setia appreciates a powerful 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 Duta Tropika Duta Nusantara and Setiahills.
Leveraging on the powerful demand for commercial and investment level properties, S P Setia has also grown to the commercial sector with projects including SetiaWalk, Setia Avenue, the first maiden retail mall project of the Group called Setia City Mall along with the coming KL Eco City.
S P Setia is also well established in the state of Johor, Penang and Sabah, three other key economic regions in Malaysia.