The PPB Group’s Property Division, has built a sterling reputation for crafting high-value, thoughtfully-designed residential, retail and commercial spaces over the years.
PPB ventured into the property sector in 1982 with the acquisition of 100% interest in Tai Yan Realty Sdn Bhd, now known as PPB Hartabina Sdn Bhd (“PPBH”). PPBH was the developer of the residential, commercial and retail properties in Taman Segar, Cheras, Kuala Lumpur. Its landmark properties include Cheras LeisureMall, Cheras Plaza and Masera Bukit Segar, Cheras a guarded residential community housing 38 high-end bungalows.
In 1984 , PPB acquired 34% interest in Shaw Brothers (M) Sdn Bhd which owns properties in various towns in Malaysia. In 2013, PPB also acquired an indirect 28% interest in Southern Marina Development Sdn Bhd (“SMD”), which owns a piece of land in Puteri Harbour, Johor.
SMD’s Southern Marina Residences project in Puteri Harbour, Johor, is an integrated 12.5-acre development in Puteri Harbour, Johor, with a gross development value (GDV) of RM1.4 billion. This is a joint venture project between Kuok Brothers Sdn Bhd, PPB Group and Khazanah Nasional Berhad. The development consists of 2 blocks of condominiums, 1 block of premium condominium, 1 block of hotel and serviced apartments and a retail podium. The first phase of development –consist of 2 blocks of condominiums with 456 units fronting a marina has been completed.
PPBH’s project Taman Megah, Petaling Jaya known as “Megah Rise” marks the Group’s entry into the mature property market in that location. Megah Rise is a high-rise condominium, consisting of 228 residential units, and is part of an integrated development designed to celebrate the strong community ties and family life in the vicinity. Megah Rise is expected to be completed in early 2022.
The Division also provides property and project management services for property-based projects and activities under various PPB Group companies and affiliates such as The Linc, Kuala Lumpur; and Ponderosa Woods in Taman Molek, Johor.
PPB’s assets and projects in the northern region include two retail/commercial properties in Penang, namely New World Park and The Whiteaways Arcade in Georgetown; a 29-acre high-end residential development - Taman Tanah Aman in Bukit Tengah, Seberang Perai (a residential project comprising of a clubhouse, bungalows, semi-detached houses and shoplots); as well as a mixed residential development known as Taman Sinar Mentari in Bedong, Kedah.