OSK Holdings Berhad (the Group), through its property arm OSK Property Holdings Berhad (OSK Property) and its indirect subsidiary Perspektif Vista Sdn Bhd has entered into a sale and purchase agreement today with Tropicana Metropark Sdn Bhd to acquire a parcel of freehold land in Subang Jaya, Selangor.
The land parcel, measuring a combined 3.312 acres, was secured for a total consideration of RM44 million.
The acquisition in the well-established Tropicana Metropark masterplan marks another significant step in strengthening OSK Property’s foothold in the mature and highly sought-after township of Subang Jaya.
The development has preliminary plans for serviced apartment residences aimed at young house buyers with an estimated Gross Development Value (GDV) of RM427 million.
The acquisition underscores the Group’s commitment to growing its development portfolio in prime, well-established locations that continue to demonstrate strong demand from homebuyers and investors alike.
“This strategic acquisition reflects OSK Property’s confidence in the resilience and marketability potential of the Subang Jaya market. Subang is one of the most mature and vibrant townships in the Klang Valley, with excellent connectivity and a strong ecosystem of amenities.
“We see continued demand for well-connected, lifestyle-oriented developments, particularly among buyers who are looking for the right balance of good value and quality living,” said the Group’s Deputy Group Managing Director Ong Ju Xing.
The strategically located parcel benefits from seamless access to the Federal Highway, providing excellent connectivity to Kuala Lumpur, Petaling Jaya, and other surrounding urban centres. Subang Jaya is also one of the most established and affluent townships in Selangor.
The site is also surrounded by established public amenities, including retail hubs, medical facilities, and educational institutions such as GEMS International School and Sri KDU International School, which offer international curricula to students aged 3 to 18.
The new land acquisition is situated just 5.2 km from Mori Park, OSK Property’s ongoing RM2.2 billion Transit-Oriented Development (TOD) in Shah Alam, and 4.8 km from Emira Residences, OSK Property’s completed RM280 million project. Together, these projects reinforce OSK Property’s presence in the Subang-Shah Alam corridor and position the Group to tap into a wider spectrum of the market.
-THE MALAYSIA VOICE
