S P Setia Berhad is recognised as Malaysia’s leading listed real estate player with an established track record of innovation-driven and standard-setting developments. The Group’s strength lies in its art in creating purposeful surroundings predicated 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, luxurious residences, business parks, commercial and retail developments.
To property development it refocused its core business in KL Eco City Price 1996 with encouraging companies in wood, infrastructure and construction -based production.
S P Setia is the only Malaysian developer to be recognised six times from the International Real Estate Federation (FIABCI) for three Greatest Master Plan Developments, one Best Residential (Low-Rise) Development, a Specialised Job (Purpose-Built) and a Greatest Retail Development award.
No other developer has achieved this feat since the inception of the awards.
A Growing International Presence
Within the last seven years, the Group has spread its wings to the Uk, Singapore, Australia and more recently Vietnam.
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 Singapore, S P Setia established 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 Woodsville. The successful launching of this project spurred the developer to acquire another parcel of land for the luxury 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 distinctive structure given by the acclaimed Karl Fender of Fender Katsalidis Architects.
The successful launch 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, also for its Parque project in the City of Melbourne.
In April 2012, S P Setia was invited by the Malaysian Government to head the Malaysian association formed to jointly develop the China-Malaysia Qinzhou Industrial Park (QIP). In September the same year, S P Setia obtained Battersea Power Station jointly with Sime Darby and the Employees Provident Fund through a joint venture association.
Driving the Malaysian Property Sector
S P Setia enjoys 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 constructed three high-end projects which are Setiahills, Duta Tropika and Duta Nusantara.
Leveraging on the powerful demand for investment and commercial 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 coming KL Eco City.
S P Setia is also well established three other key economic areas in Malaysia, in the state of Penang, Johor and Sabah.