S P Setia Berhad (formerly Syarikat Pembinaan Setia Berhad) (

MYX Myx (, stylized as MYX or myx) is a Philippine pay TV channel based in Quezon City, owned by Creative Programs Inc., a subsidiary of ABS-CBN Corporation. The channel is targeted to youth audiences and primarily airs music videos. It was intr ...

: 8664) is a

Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...

n publicly traded company whose primary business is in

property development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re- lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to othe ...

. It is the largest such company, by sales, in Malaysia. It's other businesses include construction, infrastructure, wood-based manufacturing, and trading. Its portfolio comprises townships,

residential high-rise A tower block, high-rise, apartment tower, residential tower, apartment block, block of flats, or office tower is a tall building, as opposed to a low-rise building and is defined differently in terms of height depending on the jurisdic ...

s, commercial and retail as well as

mixed-use development Mixed-use is a kind of urban development, urban design, urban planning and/or a zoning type that blends multiple uses, such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to ...

projects.

History

The group started out in 1974 as a construction company which was later led by a well-known property development figure, Liew Kee Sin in 1990 and was eventually listed on Bursa Malaysia in 1993. In 1996, S P Setia refocused its core business to property development with supporting businesses in construction and wood-based manufacturing. In 2011/2012, Permodalan Nasional Berhad (PNB), Malaysia's state asset manager which was then under Tun Ahmad Sarji Abdul Hamid, took over S P Setia, joining the foray of acquisitions led by the government-linked companies in private property sector. Tan Sri Liew Kee Sin stepped down as the president and Chief Executive Officer (CEO) of S P Setia Berhad in 2014 and joined Eco World Development Group Bhd as a non-independent & non-executive director.

Operations and corporate affairs

S P Setia currently has a presence in the three key economic regions of Malaysia, namely Klang Valley, Johor and Penang, as well as in Kota Kinabalu, Sabah. Internationally, S P Setia’s projects are present in Vietnam, Australia, Singapore, the United Kingdom, China and the most recent one being in Japan. The company employs approximately 2,000 people. S P Setia’s charitable trust, Setia Foundation, was established in 2000 with the objective of lending a helping hand to underprivileged individuals and charities in the areas of education, general welfare, and medical assistance. In the year 2015, S P Setia Foundation embarked on a mission to adopt schools housing underprivileged students in rural areas. To date, S P Setia Foundation has successfully adopted nine schools located in Selangor, Penang and Johor. As of 1 October 2021, S P Setia is spearheaded by Datuk Choong Kai Wai, President and CEO and Dato' Seri Koe Peng Kang, Deputy President and COO, following the retirement of Dato' Khor Chap Jen and Datuk Wong Tuck Wai. On 9 February 2022, S P Setia Bhd, through its subsidiary Setia HC Ventures Sdn Bhd, has signed an agreement with Qualitas Medical Group Sdn Bhd (Qualitas) to jointly develop and operate an Ambulatory Care Centre (ACC) in Setia Alam, Shah Alam.

Notable projects

Malaysia

Setia Alam Setia Alam ( Jawi: ستيا عالم; ) is a township located in Shah Alam, Selangor, Malaysia. It is accessible via Setia Alam Highway from the New Klang Valley Expressway (NKVE) since the interchange was opened on 14 July 2006. Setia Alam is a ...

Shah Alam Shah Alam () is a city and the state capital of Selangor, Malaysia and situated within the Petaling District and a small portion of the neighbouring Klang District. Shah Alam replaced Kuala Lumpur as the capital city of the state of Selangor ...

Selangor Selangor (; ), also known by its Arabic language, Arabic honorific Darul Ehsan, or "Abode of Sincerity", is one of the 13 Malaysian states. It is on the west coast of Peninsular Malaysia and is bordered by Perak to the north, Pahang to the east ...

Setia Alam Highway The Setia Alam Highway or Persiaran Setia Alam is a major highway in Selangor, Malaysia. It is also a main route to New Klang Valley Expressway via Setia Alam Interchange The Kilometre Zero of the Setia Alam Highway starts at Setia Alam Inter ...

* Alam Impian in Shah Alam, Selangor *

KL Eco City KL Eco City, or KLEC for short, is a 25-acre integrated mixed-use development project in the city of Kuala Lumpur, Malaysia. The project is built at the site of former Haji Abdullah Hukum Village. The mixed development project is helmed by S ...

Kuala Lumpur , anthem = ''Maju dan Sejahtera'' , image_map = , map_caption = , pushpin_map = Malaysia#Southeast Asia#Asia , pushpin_map_caption = , coordinates = , sub ...

Setia V Residences Setia V Residences is a residential complex located at Gurney Drive, a suburb of George Town, Penang, Malaysia. It consists of a pair of skyscrapers, Tower A and Tower B, with 48 and 32 stories respectively. Tower B has an estimated height of . T ...

in George Town,

Penang Penang ( ms, Pulau Pinang, is a Malaysian state located on the northwest coast of Peninsular Malaysia, by the Malacca Strait. It has two parts: Penang Island, where the capital city, George Town, is located, and Seberang Perai on the Ma ...

* SPICE Arena in

Bayan Baru Bayan Baru is a town in the Malaysian state of Penang. It is located within the Southwest Penang Island District, adjacent to the Bayan Lepas Free Industrial Zone. The township was created in the 1970s following the establishment of the zone. ...

, Penang * Setia Tropika in Johor Bahru,

Johor Johor (; ), also spelled as Johore, is a state of Malaysia in the south of the Malay Peninsula. Johor has land borders with the Malaysian states of Pahang to the north and Malacca and Negeri Sembilan to the northwest. Johor shares maritime b ...

* Setia Indah in Johor Bahru, Johor *

Aeropod The Aeropod is a mixed development projects comprising hotel, a retail mall, retail offices, residential suites, corporate offices and green parks in Tanjung Aru, Kota Kinabalu, Sabah, Malaysia Malaysia ( ; ) is a country in Southeast Asi ...

Kota Kinabalu , image_skyline = , image_caption = From top, left to right, bottom:Kota Kinabalu skyline, Wawasan intersection, Tun Mustapha Tower, Kota Kinabalu Coastal Highway, the Kota Kinabalu City Mosque, the Wism ...

Sabah Sabah () is a state of Malaysia located in northern Borneo, in the region of East Malaysia. Sabah borders the Malaysian state of Sarawak to the southwest and the North Kalimantan province of Indonesia to the south. The Federal Territory ...

Western Sabah Railway Line The Western Sabah Railway Line ( ms, Laluan Keretapi Barat Sabah) in Sabah, Malaysia is the name given to rail services that operate from Tanjung Aru until Tenom in the West Coast and Interior divisions under the management of Sabah State Railwa ...

International

* Redevelopment of the

Battersea Power Station Battersea Power Station is a decommissioned Grade II* listed coal-fired power station, located on the south bank of the River Thames, in Nine Elms, Battersea, in the London Borough of Wandsworth. It was built by the London Power Company (LPC ...

site, and the

Northern line extension to Battersea The Northern line extension to Battersea is an extension of the London Underground from to Battersea in South West London, terminating at the redeveloped Battersea Power Station. The extension formed a continuation of the Northern line's bra ...

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

(as part of a conglomerate)

References

{{reflist

External links

S P Setia
Property companies of Malaysia Companies based in Shah Alam Real estate companies established in 1974 Government-owned companies of Malaysia Permodalan Nasional Berhad 1974 establishments in Malaysia