SP Setia
 | |
| Type | Publicly traded state-owned enterprise |
|---|---|
| MYX: 8664 | |
| ISIN | MYL8664OO004 |
| Industry | Property Developer |
| Founded | 1974 |
| Founder | Liew Kee Sin |
| Headquarters | Setia Alam, Shah Alam, Selangor, Malaysia |
Key people | Tan Sri Dato' Seri Syed Anwar Jamalullail, Chairman Datuk Choong Kai Wai, President and CEO |
| Parent | Permodalan Nasional Berhad |
| Website | [1] |
S P Setia Berhad (formerly Syarikat Pembinaan Setia Berhad) (MYX: 8664) is a Malaysian public-listed company whose primary business is in property development, while other businesses include construction, infrastructure, wood-based manufacturing, and trading. Its portfolio comprises townships, eco-sanctuaries, luxury enclaves, high-rise residences, commercial and retail as well as integrated mixed developments. Since its inception, S P Setia Berhad has become one of the established property development companies based in Malaysia.
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.
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 employees of S P Setia are commonly referred to by the organisation as Team Setia which currently stands at 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 1st 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.
List of Projects[]
Local[]
Central Region[]
Northern Region[]
Southern Region[]
- Setia Tropika
- Setia Indah
- Taman Perling
Eastern Region[]
International[]
United Kingdom[]
China[]
Japan[]
Vietnam[]
Singapore[]
Australia[]
Awards and recognition[]
FIABCI Malaysia Property Award[]
Office Category Winner 2019 - KL Eco City by S P Setia
Best Purpose-Built/ Specialised Project 2018 - Setia SPICE, Penang 2011 - Eco Greens, Setia Eco Gardens, Johor
Master Plan Gold award 2017 - Setia Eco Glades, Cyberjaya
Best Affordable Housing 2017 - Seri Kasturi Apartment, Setia Alam
Best Sustainable Development 2015 - S P Setia Corporate Headquarters, Selangor
Best Retail Development 2013 – Setia City Mall, Selangor
Best Master Plan Development 2012 - Setia Alam, Selangor 2008 - Setia Eco Gardens, Johor 2006 - Setia Eco Park, Selangor
Best Residential (Low-Rise) Development 2010 - Setia Eco Park, Selangor 2006 - Duta Nusantara, Kuala Lumpur
FIABCI World Prix d'Excellence Awards[]
FIABCI World Gold Award in the Master Plan Category 2021 - Battersea Power Station, London
FIABCI World Gold Award in the Office Category 2020 - KL Eco City by S P Setia
FIABCI World Gold Award in the Purpose-Built Category 2019 - Setia SPICE, Penang
World Silver Awards in the Residential High-Rise Category 2019 - Parque, Melbourne
World Silver Awards in the Residential Mid-Rise Category 2019 - Circus West Village, Battersea Power Station, London
World Gold Winner of FIABCI World Prix d’ Excellence Award 2018 Affordable Housing Category 2018 - Seri Kasturi Apartment, Setia Alam, Selangor
Master Plan Category 2018 - Setia Eco Glades, Cyberjaya
Sustainable Development Category 2018 - Eco Sanctuary, Singapore
Gold Winner of Sustainable Development Category 2016 - S P Setia Corporate Headquarters
Best Retail Development 2014 - Setia City Mall, Selangor
Best Master Plan Development 2013 - Setia Alam, Selangor 2009 - Setia Eco Gardens, Johor 2007 - Setia Eco Park, Selangor
Best Purpose-Built/Specialised Project 2012 - Eco Greens, Setia Eco Gardens, Johor
Best Residential (Low-Rise) Development 2011 - Setia Eco Park, Selangor
Runner-up Best Master Plan Development 2010 - EcoLakes, Vietnam
AON Best Employers Malaysia Award[]
Best Employer in Malaysia (2018, 2017, 2016, 2015)
Special Recognition for Commitment to Engagement Award (2016)
Best of the Best Employer in Malaysia (2013)
Overall Best Employer in Malaysia and one of the Best Employers in Asia Pacific (2011)
Top 10 Best Employers in Malaysia (2009, 2005, 2003)
Ranked No.1 for the 10th time (2018, 2017, 2016, 2013, 2012, 2011, 2010, 2008, 2007, 2006, 2005)
The Edge Malaysia Top Property Developers Awards[]
Best Qualitative Attributes Category (2018, 2013, 2012)
Best Quantitative Attributes Category (2018)
The Edge Malaysia Outstanding Property CEO Award 2017 - Dato' Khor Chap Jen
Affordable Urban Housing Excellence Award 2017 - Seri Mutiara Apartment, Selangor 2016 - Seri Kasturi Apartment, Selangor
Notable Property Achievement 2015 - Setia Eco Park, Selangor
PAM Green Excellence Awards 2015 - Setia Corporate HQ, Selangor 2013 - Setia City Mall
The Edge-PEPS Value Creation Excellence Awards 2013 - Setia Walk, Selangor
Ranked No.1 for the 13th time (2020, 2019, 2018, 2017, 2016, 2013, 2012, 2011, 2010, 2008, 2007, 2006, 2005)
Board of Directors[]
1. Y.A.M. Tan Sri Dato' Seri Syed Anwar Jamalullail - Chairman of S P Setia Berhad
2. Datuk Choong Kai Wai - President & Chief Executive Officer of S P Setia Berhad
3. Dato’ Ahmad Pardas Bin Senin - Senior Independent Non-Executive Director
4. Dato’ Seri Ir. Hj. Mohd Noor Bin Yaacob - Independent Non-Executive Director
5. Philip Tan Puay Koon - Independent Non-Executive Director
6. Tengku Dato’ Ab. Aziz Bin Tengku Mahmud - Non-Independent Non-Executive Director
7. Dato’ Halipah Binti Esa - Independent Non-Executive Director
8. Dato’ Zuraidah Binti Atan - Independent Non-Executive Director
9. Dato' Azmi Bin Mohd Ali - Non-Independent Non-Executive Director
References[]
External links[]
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- 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
- Malaysian company stubs