OSK Property Acquires 3.3-Acre Subang Jaya Land from Tropicana for RM44m
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2 minutes read
October 1, 2025
OSK Holdings Bhd (KL:OSK) is expanding its footprint in Subang Jaya with the acquisition of a 3.3-acre parcel of land from Tropicana Corp Bhd (KL:TROP) for RM44.34 million.
The land, located within the established Tropicana Metropark masterplan, will be developed by OSK’s property arm, OSK Property Holdings Bhd, into serviced apartments with a gross development value (GDV) of RM427 million. The project is expected to target young homebuyers seeking well-connected lifestyle residences.
“Subang is one of the most mature and vibrant townships in the Klang Valley, with excellent connectivity and a strong ecosystem of amenities,” said OSK deputy group managing director Ong Ju Xing. “We see continued demand for lifestyle-oriented developments, particularly among buyers who are looking for the right balance of good value and quality living.”
The acquisition also enhances OSK’s land bank and supports its pipeline of future projects. As of end-June, OSK had unbilled sales of RM1.3 billion, while its total land bank stood at 2,475 acres with an estimated GDV of RM18.5 billion across the Klang Valley, Kedah, Penang, Negeri Sembilan, and Melbourne, Australia.
On Tuesday, OSK shares closed 2.24% higher at RM1.37, giving it a market capitalisation of RM4.31 billion, with year-to-date gains of over 17%. Tropicana’s shares ended unchanged at RM1.19, valuing the company at RM2.99 billion.
What did OSK Property acquire in Subang Jaya?
OSK Property acquired a 3.3-acre land parcel within Tropicana Metropark from Tropicana Corp Bhd for RM44.34 million.
What is the planned development for the land?
The land will be developed into serviced apartments with a gross development value (GDV) of RM427 million, targeting young homebuyers.
Why is Subang Jaya attractive for OSK Property?
Subang Jaya is a mature township with strong connectivity, established amenities, and consistent demand for lifestyle-oriented housing.
How does this acquisition impact OSK’s land bank?
The acquisition strengthens OSK’s land bank, which totals 2,475 acres with an estimated GDV of RM18.5 billion across Malaysia and Melbourne.
What is OSK Holdings’ current financial standing?
As of June, OSK had RM1.3 billion in unbilled sales. Its market capitalisation stood at RM4.31 billion with year-to-date share gains of over 17%.
The land, located within the established Tropicana Metropark masterplan, will be developed by OSK’s property arm, OSK Property Holdings Bhd, into serviced apartments with a gross development value (GDV) of RM427 million. The project is expected to target young homebuyers seeking well-connected lifestyle residences.
“Subang is one of the most mature and vibrant townships in the Klang Valley, with excellent connectivity and a strong ecosystem of amenities,” said OSK deputy group managing director Ong Ju Xing. “We see continued demand for lifestyle-oriented developments, particularly among buyers who are looking for the right balance of good value and quality living.”
The acquisition also enhances OSK’s land bank and supports its pipeline of future projects. As of end-June, OSK had unbilled sales of RM1.3 billion, while its total land bank stood at 2,475 acres with an estimated GDV of RM18.5 billion across the Klang Valley, Kedah, Penang, Negeri Sembilan, and Melbourne, Australia.
On Tuesday, OSK shares closed 2.24% higher at RM1.37, giving it a market capitalisation of RM4.31 billion, with year-to-date gains of over 17%. Tropicana’s shares ended unchanged at RM1.19, valuing the company at RM2.99 billion.
FAQs About OSK Property’s Land Acquisition in Subang Jaya
What did OSK Property acquire in Subang Jaya?
OSK Property acquired a 3.3-acre land parcel within Tropicana Metropark from Tropicana Corp Bhd for RM44.34 million.
What is the planned development for the land?
The land will be developed into serviced apartments with a gross development value (GDV) of RM427 million, targeting young homebuyers.
Why is Subang Jaya attractive for OSK Property?
Subang Jaya is a mature township with strong connectivity, established amenities, and consistent demand for lifestyle-oriented housing.
How does this acquisition impact OSK’s land bank?
The acquisition strengthens OSK’s land bank, which totals 2,475 acres with an estimated GDV of RM18.5 billion across Malaysia and Melbourne.
What is OSK Holdings’ current financial standing?
As of June, OSK had RM1.3 billion in unbilled sales. Its market capitalisation stood at RM4.31 billion with year-to-date share gains of over 17%.
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Copyright © 2026 MyRumahBaru