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 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.