S P Setia Berhad – Firm Overview
S P Setia Berhad is recognised as Malaysia’s top listed real estate player with a proven history of innovation-driven and standard-setting developments. The Group’s strength lies in its art in creating environments that are meaningful based on its development doctrine of Live Learn Work Play.
The developer has constructed a solid base in Malaysia offering an extensive product range which includes eco refuges, townships, high-end 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. In 1996 it refocused its core business to property development with encouraging businesses in infrastructure construction and wood -based production.
Award winning Developer
S P Setia is the only Malaysian developer to be recognised six times by the International Real Estate Federation (FIABCI) for three Best Master Plan Developments, one Finest Residential (Low-Rise) Development, a Specialised Job (Purpose-Built) and a Best Retail Development award. The Group has garnered eight FIABCI Malaysia Property Awards.
S P Setia’s merchandise and service quality is recognised by the industry and attested by its No.1 ranking in The Edge Malaysia Top Property Developers Awards which it won for the 8th time in 2013. This feat has not been achieved by any other developer since the inception of the awards.
A Growing International Existence
In the last seven years, the Group has spread its wings to Vietnam, Singapore, Australia and more recently the United Kingdom.
In 2009, S P Setia created an office in Singapore and two years afterwards, the Group obtained a 29,440 sq ft site to develop a high-rise condominium called 18 Woodsville. The successful launch of the project spurred the developer to get another parcel of land for the high-end high-rise project of Eco Sanctuary.
In June 2011, the Group previewed its first project in KL Eco City Price Melbourne called Fulton Lane, a high-rise condominium with identifying architecture given by the acclaimed Karl Fender of Fender Katsalidis Architects.
The successful start of Fulton Lane spurred S P Setia to look at more opportunities in Melbourne as well as the Group got another piece of land, this time on the upmarket St Kilda Road, also 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 association 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 together with the Employees Provident Fund as well as Sime Darby.
Driving the Malaysian Property Sector
S P Setia appreciates a solid 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 need for investment and commercial grade properties, S P Setia has also grown to the commercial sector with projects including SetiaWalk, the Group’s first maiden retail mall project, Setia Avenue called the forthcoming KL Eco City along with Setia City Mall. The futuristic KL Eco City with 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 the state of Penang, Johor and Sabah.