Land Deals · 43 stories
Significant land transactions across Malaysia — acquisitions, disposals and joint-venture land deals that set pricing benchmarks for industrial, commercial and residential land.
Google's US$15b plan: Puncak Alam, Serendah, Port Dickson
Google will invest US$15b in Malaysia in 2027–28 and plans three new campuses. Bursa filings show who holds its land: Pearl Computing Malaysia Sdn Bhd.
Paramount, Mitsui Fudosan in RM1.34b Jalan Ampang JV
Mitsui Fudosan will pay RM23.06m for 49% of the company holding Paramount's 3.7-acre freehold site off Jalan Ampang, bought from IOI Properties for RM257.9m.
IOI leases 1,300 acres in Bahau for TNB's 500MW solar farm
IOI will lease about 1,300 acres in Bahau to a TNB-led company building a 500MW solar farm with batteries for DayOne's data centres, and own 25% of it.
Sime Darby Property eyes REIT by 2028, 1,022-acre BBR North
Sime Darby Property is weighing an industrial and data centre REIT by 2028 and plans a 1,021.93-acre heavy industrial park in Kuala Selangor with SD Guthrie.
UEM Sunrise, AME Elite: RM972m land deal for RM4b Johor park
UEM Sunrise is selling 402 acres in Gerbang Nusajaya to its 50:50 JV with AME Elite for RM972.1m (RM55.50 psf) for a RM4b park. Plans went in on 2 Nov.
LTAT sells Ampang Hilir land to US for RM420m embassy site
LTAT has sold its lease on a 12.5-acre parcel on Jalan U Thant, Ampang Hilir, to the US government for RM420m by tender, for a new US embassy.
Matrix Concepts to buy 432 acres in Kulai at RM9 psf
Matrix Concepts will pay RM169.3m for 57 farm titles in Kulai, Johor. Half its RM2.1b plan is industrial; analysts put the all-in cost at RM25–35 psf.
KEB is buying 16 acres in four sites for RM78.5m
KEB is buying 16.09 acres in Cheras, Bangi, Kajang and Melaka Tengah for RM78.5m, about RM112 psf, with RM1b of possible development, TA Securities said.
BMS Holdings cancels RM23.8m Cheras industrial site buy
Tile retailer BMS Holdings has called off its RM23.8m purchase of a 1.13-acre freehold workshop site in Cheras and is entering Penang through a joint venture.
Mi Technovation to buy RM332m Singapore building for EV arm
Penang’s Mi Technovation has agreed to buy a vacant seven-storey freehold industrial building in Singapore for S$103.88m (RM331.8m) as a hub for its EV unit.
Mah Sing, KLK open Phase 1B of Kulai industrial park
Mah Sing and KLK Land have opened Phase 1B of their 419-acre MS Industrial Park in Kulai after selling 90% of Phase 1A. The RM15 psf land deal is still pending.
SSF Home to buy 13 acres in Pulau Indah for RM42.47m
SSF Home Group will pay RM42.47 million, about RM75 psf, for three vacant leasehold plots totalling 13 acres in Pulau Indah, Klang, to build its own warehouse.
PMW breaks ground on RM50.25m pile plant in Tanjung Manis
PMW International has started work on a RM50.25 million spun pile and pole plant on 29 acres in Tanjung Manis, Sarawak. The land still has no title.
Datasonic walks away from PJ factory, takes two in debt deal
Datasonic ended its RM28.5m buy of No. 32 Jalan 223, PJ, as the seller had no Bomba fire certificate, then took two factories on the same road to settle a debt.
Haily buys 4-acre Pulai plot in Skudai for RM6.45m
Johor builder Haily Group is buying 4.06 acres of freehold agricultural land in Mukim Pulai, beside SMK Taman Desa Skudai, for RM6.45m, about RM36.50 psf.
SD Guthrie settles Byram land fight with PDC for RM241m
SD Guthrie and PDC have settled their five-year fight over 380 acres in Byram, Penang, lifting compensation by RM68m to about RM241m, or RM14.56 psf.
Scientex buys 503 acres in Pulai, Johor, at RM26.50 psf
Scientex is buying 502.6 acres of freehold land in Mukim Pulai, Johor, from a Leong Hup group company for RM580.2m, its fourth Pulai land purchase since 2017.
WTK sells 6-acre Perai factory site to NationGate for RM38m
WTK’s tape maker Loytape is selling three leasehold lots in the Perai Industrial Estate, 6.08 acres in all, to NationGate for RM38 million, about RM143 psf.
DPI buys 2-acre Kota Kinabalu industrial lot for RM7.6m
DPI Holdings’ Sabah distribution arm is buying a vacant 2.05-acre lot in the Kota Kinabalu Industrial Park for RM7.6 million, about RM85 psf, for warehousing.
Ajiya sells Puchong factory for RM58m, 45% above valuation
Ajiya is selling its 3.3-acre freehold Puchong factory to healthcare-products maker Esprit Care for RM58 million, about RM398 psf of land.
Chin Hin sells Boon Koon, Nibong Tebal factory for RM62m
Chin Hin Group Property is selling Boon Koon's commercial vehicle business to HSG for RM62 million, RM60 million of it for 10.4 freehold acres in Nibong Tebal.
AYER buys 9.11 acres on Jalan Kuchai Lama for RM138m
AYER Holdings is buying 9.11 freehold acres on Jalan Kuchai Lama from a Lim family company for RM138 million, about RM348 psf; both titles are agricultural.
Sunsuria to sell 45 acres in Sepang to Amazon for RM316.8m
Sunsuria will sell 45.46 freehold acres in Dengkil, Sepang, to Amazon Data Services Malaysia for RM316.84 million, about RM160 psf, completing by 2Q2027.
Gurun Heavy Industrial Park: land sales, prices and tenants
Ann Joo's Gurun Heavy Industrial Park in Kedah sold 122.5 acres to China's LB Group and Putailai in 2026 at RM44–45 psf; about 135 acres are left.
LB Group starts RM1b titanium dioxide plant in Gurun, Kedah
China's LB Group has started a RM1 billion titanium dioxide plant on 60.1 acres in the Gurun Heavy Industrial Park, Kedah, with RM600 million in phase 1. It paid RM117.8 million, o…
Pekat leases 470 acres in Sungai Petani for a solar farm
Pekat Teknologi signed a conditional 24-year lease on 470 acres of oil-palm land in Sungai Petani at RM350 an acre a month for a solar and battery plant. The Kedah lessor, named af…
Tera buys 222 acres at Eco Business Park 7 for RM1.01b
Tera Data Centers is paying RM1.013 billion, about RM105 psf, for 221.665 acres in Eco Business Park 7, Port Dickson, next to Google’s campus. The EcoWorld–SD Guthrie–NS Corp ventu…
Penang Silicon Island: 480 acres reclaimed, RM1.9 billion spent, LRT depot handed over
Our standing page on Penang Silicon Island: 480 of 2,300 acres reclaimed, RM14 billion cost, first industrial land sale early 2027, first factories early 2029.
Ann Joo exits steelmaking: Green Esteel takes the Prai mill and its 200-acre freehold Bandar Prai title for RM290mil — less than Axis REIT offered for two-thirds of the land
The RM150 million in Monday’s filing was only the completion instalment. You Zhenhua’s Green Esteel, already Southern Steel’s controlling shareholder, now owns Ann Joo Steel Berhad…
PTT Synergy buy 9.7acres at RM62.53mil in Seberang Perai Selatan - RM148 psf and turned into Jabil’s RM400mil logistics hub
Through a subsidiary named PTT Logistics Hub 3, the warehouse developer is buying Geran 77766, Lot 1597, Mukim 12 — 3.925 ha of first-grade, unencumbered freehold land — from a pri…
EI Power pays RM17.2mil for a Glenmarie semi-D factory — RM985 per sq ft of built-up, four months after listing
The ACE Market-listed power engineering firm, 57.58%-owned by OCK Group, is buying No. 17, Jalan Pelukis U1/46B in Bandar Glenmarie — title H.S.(D) 284618, PT 2975 — for RM17.2 mil…
The Cheah trust’s 80-year lock has expired, its 2.32-acre Jalan Kelawai corner sold for RM130mil, RM1,287 psf
A trust written when Cheah Leong Keah died in 1941 required his Penang properties to stay intact for 80 years. That period has run, and seven clusters worth an estimated RM300–400 …
Penang puts 6 acres land beside Gurney Bay up for auction at RM1,200 psf to pay for the Air Itam bypass, and to find out what the waterfront is really worth
P.T. 858, a 2.42 ha freehold plot at Bandar Tanjung Pinang next to Gurney Bay, goes to public auction at Komtar on 7 October with a RM313.632 million reserve. The sale funds Consor…
Freehold Batu Ferringhi beachfront site for sale at RM140mil — land approved for 722 keys, not a hotel
Colliers has launched a 3.344-acre freehold beachfront site on Jalan Telok Bahang for sale by EOI at RM140 million, with approvals for 473 serviced apartments and 249 hotel rooms. …
Formosa Prosonic sells Sungai Petani factory for RM22.1mil, closes the site, moves to Port Klang
Formosa Prosonic is selling its 26-year-old Sungai Petani factory for RM22.1 million and shutting it down entirely as it consolidates into Port Klang. The RM5.3 million earmarked f…
Mah Sing buys 14.38 acres freehold and leasehold land in Ampang for RM186.17mil for new M Araya Project
Mah Sing’s RM186.17 million Ampang land buy for its RM1.92 billion M Araya project breaks down into three parcels precise enough to show, in one transaction, exactly what the marke…
DoubleTree Resort by Hilton Penang tendered for Sale (via Tender) at RM250 million — RM791,000 a key
The 316-room Batu Ferringhi resort for sale at RM250 million and the tender closed on 15 August with no outcome announced. The per-key maths looks competitive but it is not a beach…
Frasers Property and Tan & Tan to redevelop 5.15ha former F&N factory site in Section 13, Petaling Jaya
A 5.15-hectare parcel in Section 13 that once held a Fraser & Neave factory is becoming PJ Quarter, a two-phase mixed-use precinct. The deal that brought Tan & Tan in alongside Fra…
Chin Hin buys 2.6-acre Jalan Sultan Ismail site from YNH for RM455 million — about RM4,000 psf
YNH Property is selling a freehold Golden Triangle parcel it has held since 2004 for RM455 million — about 5.9 times its book value, and 9% below an independent valuation. The gap …
YBS International buys the Perai factory it was renting for RM390,600 a month
YBS International’s subsidiary is paying RM23.5 million for the Perai semi-detached factory it already occupies — the second adjoining lot it has bought on the same road, at the sa…
E&O and Majestic Gen to Buy Prime Jalan Kia Peng Site for RM189.9mil
An E&O-led joint venture with Majestic Gen is acquiring a 5,682 sq m freehold site on Jalan Kia Peng in the KLCC precinct for RM189.9mil — about RM3,100 psf — for a premium high-ri…
Ajinomoto’s RM603mil Privatisation — and the Land Trade That Sits Underneath It
Ajinomoto (Malaysia) is being taken private at RM20 a share through a selective capital reduction, repaying minority shareholders RM603.4mil. Days before the board backed it, the c…
Hektar REIT Closes RM30mil Bayan Lepas Factory Buy at a 7.5% Triple-Net Yield
Sixteen months after announcing it, Hektar REIT has completed the RM30mil purchase of a Bayan Lepas Free Industrial Zone factory from MQ Technology unit Microlead Precision — a sal…
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