OSK Property Increases Land Bank in Kedah to 3,410 acres

KUALA LUMPUR, 6 AUGUST 2026 —

Headline: OSK Property Increases Land Bank in Kedah to 3,410 acres Lead: Key highlights: Leverages Bandar Puteri Jaya’s infrastructure to deliver affordable homes for first time buyers Potential gross development value (“GDV”) of approximately RM489 million Kuala Lumpur, 21 May 2026 – OSK Holdings Berhad (“the Group”), through its property arm OSKProperty Holdings Berhad (“OSK Property”) and its indirect subsidiary OSK Properties Sdn. Bhd. (“OSKPSB”), has entered […] The post OSK Property Increases Land Bank in Kedah to 3,410 acres appeared first on OSK Group . Body: Kuala Lumpur, 21 May 2026 – OSK Holdings Berhad (“the Group”), through its property arm OSK Property Holdings Berhad (“OSK Property”) and its indirect subsidiary OSK Properties Sdn. Bhd. (“OSKPSB”), has entered an agreement to acquire a freehold land parcel measuring approximately 98.33 acres in Bandar Sungai Petani, Kedah, for a total consideration of RM40.69 million.

The land is strategically situated adjacent to the Group’s flagship Bandar Puteri Jaya township and adjoins Yarra Park, positioning the site as a natural extension of OSK Property’s successful footprint in the region.

“This acquisition marks a strategic step in strengthening our presence in Sungai Petani and advancing our long-term growth plans in Kedah. By building on the success of Bandar Puteri Jaya, we are well-positioned to deliver a thoughtfully planned township that meets evolving community needs while contributing to the area’s continued development,” said the Group’s Deputy Group Managing Director Ong Ju Xing.

The site benefits from strong connectivity to key regional hubs, including Gurun, Alor Setar, Butterworth and Kulim, enhancing its appeal as a well-connected residential and commercial destination. It is also supported by established public amenities, including schools, retail, healthcare facilities and safety services, further strengthening its suitability for future township development.

The proposed development is envisioned as a large-scale township comprising double-storey terrace homes, townhouses and apartments, with an estimated GDV of RM489 million. The development aims to build on the success of Bandar Puteri Jaya by delivering affordable homes for first-time home buyers.

The acquisition supports OSK Property’s strategy of expanding its land bank in mature growth corridors with existing infrastructure in Bandar Puteri Jaya. The Sungai Petani market continues to demonstrate resilient demand, particularly for affordable homes, supported by an established catchment area and growing economic activity.

The development is expected to contribute positively to the Group’s earnings over the medium- to long-term, reinforcing OSK Property’s commitment to building sustainable communities and delivering long-term value for stakeholders.

Impersonation is on the rise. OSK Holdings Berhad (“OSK Group” or “Company”) has been made aware of the presence of websites and agents soliciting investments from the public or offering loans, claiming to represent OSK Group, and those of its subsidiaries within the Property, Financial Services, Industries, and Hospitality sectors.

We implore the public to exercise discernment when encountering websites or individuals, and to exclusively refer to the official website at oskgroup.com, along with the web addresses and social media pages listed there, for authentic and verified information on OSK Group of Companies. Source: OSK Holdings Berhad Published: 2026-05-28T07:59:46.000Z Region: Companies Topic: Economy (AI-assisted rewrite, based on the original source)

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