KSL Holdings Berhad

What KSL Holdings Berhad does

KSL Holdings Berhad is an integrated property developer headquartered in Johor Bahru, Malaysia, founded in 1979 and listed on the Main Market of Bursa Malaysia since February 2002. The group develops master-planned townships, high-rise residences, commercial hubs, shopping malls, and hotels and resorts across southern Malaysia, with operations concentrated in Johor and the Klang Valley (Selangor). Key assets include the KSL City mixed-use complex (RM5 billion gross development value on 6.75 acres), the 448-acre Canary Garden @ Bandar Bestari township, and a pipeline that includes the proposed 1.5 million sq ft KSL City 2 retail project in Klang.

The business operates through 15 wholly-owned subsidiaries covering property development (KSL Development, KSL Medini Development, Bintang-Bintang Development, KSL Bestari, Goodpark Development, Wawari, Prosper Plus Industry, VIP Beyond, Harapan Terang Properties, Sering Cemerlang, KSL Properties), real estate agency (Khoo Soon Lee Realty Sdn. Bhd.), shopping mall management (KSL City Management), and hotel and resort operations (KSL Hotel & Resorts, KSL Esplanade Hotel, KSL Hot Spring Resort @ Daya). Revenue blends one-time property development sales with recurring income from mall operations and hospitality, and management has targeted at least 30% recurring income contribution over the next five years. Distribution runs through physical sales galleries, the in-house realty network, newspaper advertising, property exhibitions, and a website-based inquiry platform, serving individual home buyers, commercial tenants, retail shoppers, and hotel guests.

The company is family-controlled and is undergoing a generational leadership handover. As of 2025, executive director Khoo Lee Feng has taken over responsibility for land acquisition, development planning, and investor relations. The group reported FY2025 revenue of RM1.5 billion and net profit of RM526 million (+11% YoY), with RM3.8 billion of project launches planned for 2026 and a market capitalisation of approximately RM3.5 billion as of May 2026.

Name

KSL Holdings Berhad

Legal name

KSL Holdings Berhad (511433-P)

Website

https://ksl.my

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

1–10 employees

Short description

KSL Holdings Berhad is a Johor-based integrated property developer listed on Bursa Malaysia since 2002, building townships, high-rise residences, commercial hubs, shopping malls, and hotels across southern Malaysia for individual buyers, commercial tenants, and hospitality guests.

Ownership category

akta.pro rank

Headquarters

HQ city

Johor Bahru

HQ country

Malaysia

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Property Development: Core revenue stream from development and sale of residential and commercial properties including townships, high-rise residences, and business parks across Johor and Selangor regions.
2. Mall Operations: Recurring income from KSL City Shopping Mall operations, contributing to the company's strategy of increasing recurring income contribution to at least 30% over the next five years.
3. Hotel & Resort Operations: Recurring revenue from KSL Hotel & Resorts including KSL Esplanade Hotel and KSL Hot Spring Resort @ Daya, supporting diversification into recurring income streams.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

KSL Holdings Berhad is an integrated property developer that plans, builds, and sells master-planned residential townships, high-rise residences, and commercial business parks across southern Malaysia. In addition to one-time property sales, KSL generates recurring income by operating the KSL City Shopping Mall and KSL Hotel & Resorts (including KSL Esplanade Hotel and KSL Hot Spring Resort @ Daya). The company distributes through wholly-owned subsidiaries, sales galleries, and an internal real estate agency, serving both individual home buyers and commercial tenants primarily in Johor and the Klang Valley region.

Differentiator

Problem solved

Functional benefit

Brands

• KSL City Shopping Mall: Shopping mall operated by KSL Holdings
• KSL Hotel & Resorts
• KSL Business Park
• Riveria Garden

Products and services

• KSL Township Developments Master-planned residential townships that combine landed homes, community amenities, and supporting commercial nodes, targeted at individual home buyers and families seeking integrated communities in southern Malaysia.
• KSL High-Rise Residences Contemporary apartments and condominiums with premium design and urban convenience, targeted at individual buyers and investors seeking high-rise residential units within KSL's integrated developments.
• KSL Business Park Strategic commercial hubs tailored for businesses, blending functionality with accessibility, targeted at commercial buyers and tenants seeking business park space within KSL townships.
• KSL City Shopping Mall Shopping mall operations in Taman Abad, Johor Bahru, contributing to KSL's recurring income base; the group has also announced KSL City 2 in Klang with 1.5 million sq ft of proposed retail space. Mall operations are managed through KSL City Management Sdn. Bhd. and serve retail tenants and shoppers.
• KSL Hotel & Resorts Hotel and resort operations under the KSL Hotel & Resorts brand, including KSL Esplanade Hotel in Klang and KSL Hot Spring Resort @ Daya in Johor Bahru, contributing recurring income and supporting KSL's diversification strategy.
• Real Estate Agency Services (Khoo Soon Lee Realty Sdn. Bhd.) Real estate agency services provided through wholly-owned subsidiary Khoo Soon Lee Realty Sdn. Bhd. (66384-P), supporting KSL's property sales and rentals across multiple branch offices in Johor and Selangor.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• UEM Sunrise Berhad: Bursa Malaysia-listed developer with flagship projects in Iskandar Puteri (Johor). Direct comparable to KSL's Iskandar Puteri and Johor Bahru development pipeline within the same economic zone.
• IOI Properties Group Berhad: Bursa Malaysia-listed integrated property developer with significant Johor presence (e.g., Bandar Putra Kulai). Highly comparable to KSL given its mix of property development, investment properties, and hospitality.
• Sime Darby Property Berhad: Major Malaysian township developer with strong Seremban, Klang Valley and Johor footprints. Comparable in integrated township execution and recurring-income diversification via industrial and commercial assets.
• Eco World Development Group Berhad: Malaysian developer with significant Iskandar Malaysia presence (Eco Botanic, Eco Spring, Eco Summer). Highly comparable to KSL's Johor-centric integrated township strategy and mid-to-upper residential positioning.
• Paramount Corporation Berhad: Mid-cap Bursa Malaysia developer with township projects in Klang Valley. Comparable in scale and residential focus, with similar project-launch-driven revenue model to KSL.
• SP Setia Berhad: Malaysia's largest listed property developer by market cap, focused on integrated townships and residential developments nationwide including Johor. Closest peer to KSL in terms of integrated master-planned township model and Bursa Malaysia listing.
• Mah Sing Group Berhad: Bursa Malaysia-listed developer focused on mid-market residential and township projects in Klang Valley and Johor. Closely comparable in target buyer segment, geographic overlap, and project scale to KSL's residential portfolio.

Broad incumbents

• Sunway Berhad: Diversified Malaysian conglomerate with major property arm (Sunway City, Sunway REIT). Comparable integrated township-plus-hospitality model and recurring income strategy makes it a broader benchmark for KSL's diversification aspirations.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/kslproperties
• Instagraminstagram.com/kslproperties
• LinkedInlinkedin.com/company/ksl-holdings-berhad

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KSL Holdings Berhad