SPNB started as a government agency to supervise the development projects of low-cost houses such as the Taman Warisan in Sepang, Taman Medan Flat, Kg. Kerinchi Flat and the Batu Muda Flat.
In 2001, Usahasama SPNB-LTAT Sdn Bhd (USL) was proposed as the supervising agency for the development of Perumahan Anggota-Anggota Tentera dan Kakitangan Awam (Homes for Army and Civil Servant) in Klang Valley. All of the projects was completed in 2013. These projects are Subang Air Base, Sungai Besi Air Base, Kementah Army Camp, Pasifik Army Camp, Wardieburn Army Camp, and also some in U-Thant Street, totaling up to 6,550 units. USL is a subsidiary of SPNB with 51% equity share, and other 49% equity belongs to Lembaga Tabung Angkatan Tentera (LTAT).
In the same year, SPNB was also given the task as the supervising agency for the Recovery of Abandoned Home Development Project throughout the country. SPNB successfully completed the construction of 14,785 units of homes that was previously abandoned and failed. The homes were delivered to the customers without extra charges from the customers.
In 2001, Fishermens’ Home Scheme in Terengganu was introduced as part of the Rumah Mesra Rakyat 1Malaysia project. This concept was further used to help the low income earners that did not have their own homes, or lived in dilapidated homes on their own land. Terms and conditions were set for application to make sure only the deserving received this assistance from the government.
From time to time, SPNB was also appointed by other government agencies, National Safety Council and the ICU to rollout CSR projects for the government such as the relocation of flood and tsunami victims and squatters.
Starting from 2014, SPNB group underwent a business transformation programme to strengthen its business strategies as suggested by its appointed consultant, PWC (PricewaterhouseCoopers). The six subsidiaries, namely SPNB Aspirasi Sdn Bhd, SPNB Idaman Sdn Bhd, SPNB Mesra Sdn Bhd, SPNB Edar Sdn Bhd, SPNB Dana Sdn Bhd and USL each underwent its own transformation to ensure the success of the overall strategy, to bring SPNB into its own vision and mission.