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 strength of the Group lies in its prowess in creating significant surroundings depending on its development doctrine of Live Learn Work Play.
The developer has constructed a solid foundation in Malaysia offering an extensive product range which includes eco safeties townships, luxury residences, business parks, commercial and retail developments.
It refocused its core business to property development with supporting companies in infrastructure building and wood -based manufacturing.
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 Job (Purpose Built) and a Greatest 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 inception of the awards.
A Growing International Presence
Within the last seven years, the Group has also spread its wings to the Uk, Singapore, Australia and more recently Vietnam.
Following this success, the Group has also established a mixed development project called Eco Xuan at Lai Thieu in Tuan A District, Binh Doung Province.
In Singapore, S P Setia established an office in 2009 and two years afterwards, the Group acquired a 29,440 sq ft site to develop a high-rise condominium called 18 Woodsville. The successful launching of the project spurred the developer to get another parcel of land for the luxurious highrise project of Eco Sanctuary.
The successful launch of Fulton Lane spurred S P Setia to look at more opportunities in Melbourne and the Group got another piece of land, this time on the upmarket St Kilda Road, additionally for its Parque project in the City of Melbourne.
In April 2012, S P Setia was encouraged by the Malaysian Government to lead the Malaysian consortium formed to collectively develop the China-Malaysia Qinzhou Industrial Park (QIP). In September the same year, Battersea Power Station was acquired by S P Setia jointly with the Employees Provident Fund as well as Sime Darby via a joint-venture consortium.
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 town of Kuala Lumpur, the developer has built three high-end projects which are Duta Tropika Duta Nusantara and Setiahills.
Leveraging on the powerful interest in investment and commercial level properties, S P Setia has also expanded to the commercial sector with projects including SetiaWalk, the Group’s first maiden retail mall project, Setia Avenue called the upcoming KL Eco City along with Setia City Mall. The futuristic KL Eco City using its focus on sustainable development will function as a nexus of residential, commercial and recreational interests for the estimated six million inhabitants of Kuala Lumpur and Selangor.
S P Setia is also well established three other key economic regions in Malaysia, in KL Eco City the state of Penang, Johor and Sabah.