Building on the strengths of a bigger entity

OSK Property Holdings Bhd took a step closer towards its vision of becoming a leading integrated property developer after merging with PJ Development Holdings Bhd (PJD) last year. OSK Property CEO Ong Ghee Bin says the enlarged entity is able to offer more diversified, holistic and integrated products.

“The enlarged entity has the bold energy of OSK Property and the solid expertise and experience of PJD. OSK Property is set to transform into a significant property group in the country. We have the ability to undertake large-scale projects and we are poised to provide greater value to our stakeholders,” he says.

“Our capabilities include developing residential and commercial property, owning and operating a retail arm under the Atria brand, and managing offices and providing hospitality services under the Swiss-Garden brand. Our guiding philosophy is to deliver where there is demand,” he adds.

“This year, we are targeting our product launches in matured and tested markets as well as locations where our brand already has a presence.”

OSK Property has a total landbank of 3,600 acres in Malaysia and Australia after the merger, with an estimated gross development value (GDV) in excess of RM17 billion.

Ong points to the many benefits of being part of OSK Holdings Bhd’s group of companies. “There are many synergies that have resulted from the recent merger[(between PJD and OSK Properties]. Now, we can leverage on the many services and expertise offered by companies within the group. Examples include cables manufactured by Olympic Cable Company Sdn Bhd, pre-cast wall panels made by Acotec Sdn Bhd and construction services provided by PJD Construction Sdn Bhd. Such synergies enable us to optimise value and, of course, shareholder returns,” says Ong.

OSK Property has a diversified range of projects including townships in Sungai Petani in Kedah, TimurBay Seafront Residence in Kuantan, Windmill Upon Hills in Genting Permai, Pan’gaea in Cyberjaya, You City in Cheras, You One in Subang and Atria Shopping Gallery in Damansara.

Ongoing projects include Gravitas, comprising three-storey industrial buildings in Shah Alam; Emira, a mixed development of residential and retail units in Shah Alam; and Solstice and Eclipse, which are serviced apartments within Pan’gaea, an integrated development in Cyberjaya.

TimurBay Seafront Residence is an exclusive development comprising two apartment blocks on 7.3 freehold acres in Balok Beach, Kuantan. There are 760 serviced apartments and 16 retail units. Prices of the residential units start at RM351,000.

The developer recently introduced the second phase of Windmill Upon Hills and will soon launch the fourth phase of Harbour Place, large serviced apartments, in Penang.

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This article first appeared in the Special Report Mapex Property Showcase, of TheEdgeProperty.com, on May 6, 2016. Download free copies of TheEdgeProperty.com here.