21st August 1997: SPNB was established under the Ministry of Finance (MOF).
USL was formed (51% owned by SPNB). A joint venture between SPNB and Armed Forces Fund Board (LTAT) established to build army quarters in the Klang Valley.
Ministry of Urban Wellbeing, Housing and Local Government (KPKT) appointed SPNB as implementation agent for the rehabilitaion of abandoned projects.
SPNB introduced Skim Rumah Keluarga Nelayan Terengganu which was designed to assist lower income earners. The program name was then changed to Rumah Mesra Rakyat (RMR-People Friendly Homes).
530 houses completed.
Majlis Keselamatan Negara appointed SPNB as an implementation agent to provide homes for flood and tsunami victims in Kedah, Penang and Acheh.
2,802 houses completed.
Rumah Mesra Rakyat programme was expanded to Sabah and Sarawak.
3,734 houses completed.
4,485 houses completed.
12,301 houses completed.
6,757 houses completed.
9,229 houses completed.
11,453 houses completed.
5,082 houses completed.
New designs were introduced using IBS (Integrated Building System) and IBS Hybrid System.
5,698 houses completed.