S P Setia Berhad is recognised as Malaysia’s leading listed real estate player using an established reputation for innovation-driven and standard-setting developments. The Group’s strength lies in its art in creating purposeful environments based on its development philosophy of Live Learn Work Play.
The developer has built a solid base in Malaysia offering an extensive product range which includes eco sanctuaries townships, luxury residences, business parks, commercial and retail developments.
It refocused its core business to property development with supporting companies in wood, infrastructure and building -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 Greatest Retail Development award.
This feat has not been achieved by any other developer since the inception of the awards.
A Growing International Presence
Within the last seven years, the Group has also spread its wings to Vietnam, Singapore, Australia and more recently the Uk.
S P Setia’s foray overseas began in 2007 when Vietnam’s top state-owned conglomerate, Becamex IDC Corp, selected S P Setia as its joint venture partner to launch its 558-acre, USD880 million GDV township project, known as EcoLakes at My Phuoc.
S P Setia established an office and two years afterwards, the Group acquired 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 get another parcel of land for the luxurious high-rise project of Eco Sanctuary.
In June 2011, the Group previewed its first project in Melbourne called Fulton Lane, a high rise condominium with identifying buildings given by the acclaimed Karl Fender of Fender Katsalidis Architects.
Fulton Lane’s successful launching spurred S P Setia to look at more opportunities in Melbourne as well as 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 encouraged by the Malaysian Authorities to lead the Malaysian consortium formed to jointly develop the China-Malaysia Qinzhou Industrial Park (QIP). In September the same year, Battersea Power Station was KL Eco City Price got by S P Setia by way of a joint venture consortium jointly with Sime Darby as well as the Employees Provident Fund.
Driving the Malaysian Property Sector
S P Setia appreciates 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 constructed three high end projects which are Duta Tropika Duta Nusantara and Setiahills.
Leveraging on the strong interest in investment and commercial level properties, S P Setia has also grown into the commercial sector with projects like SetiaWalk, the first maiden retail mall project of the Group, Setia Avenue called Setia City Mall and also the approaching KL Eco City.
S P Setia is also well established three other key economic areas in Malaysia, in the state of Johor, Penang and Sabah.