JMD

What JMD does

JMD Group of Companies is a privately held Singapore-based real estate investment and development firm operating across Singapore and Malaysia. The firm acquires, develops, repositions, and actively manages a portfolio spanning conserved shophouses (35 North Canal Road, 22 Sam Leong Road, 36 Carpenter Street, 39 Hongkong Street, 332-338 Tanjong Katong), prime office buildings (50 Scotts Road, Robinson Point, The Adelphi, Paya Lebar Square, Southpoint), mixed-use developments (The Wisteria), master-planned communities in Malaysia (Senibong Hills with Walker Corporation, VervoCity in Kulai Indahpura), and hospitality assets (Owen House by Habyt). Operations are organized primarily through joint ventures rather than wholly owned developments, with co-developers and capital partners including BBR Holdings, Santarli Group, Walker Corporation, TCRE Partners, and Hmlet.

The underlying technology stack is conventional real estate operations tooling: the firm runs its portfolio on Yardi Voyager (cloud-based property management and accounting), supplemented by Yardi PayScan for invoice processing and Yardi Fixed Assets for asset tracking. The Wisteria residential towers are equipped with ABB Smart Home Systems controlling main doors, lighting, and air-conditioning. No proprietary software, APIs, or AI/ML systems are disclosed.

JMD generates revenue through four streams: (i) one-time development sales (e.g., The Wisteria sold all 216 residential units and the mall; VervoCity's first-phase shop and industrial lots sold out within a month; all 163 Adelphi strata units sold), (ii) recurring rental income from leased shophouses, offices, and retail space to F&B, co-working (The Hive), fine dining (Vianney Massot), and corporate tenants, (iii) recurring hospitality revenue from the 106-key Owen House by Habyt under operator Hmlet, and (iv) asset management and accounting services for third-party owners using its Yardi platform. Pricing is opaque and quote-based; the firm targets enterprise tenants, institutional buyers (e.g., Schroders' acquisition of Wisteria Mall), JV capital partners, and select SMB F&B operators. Distribution runs through a direct, sales-led model with property-enquiry-led website, enterprise sales to investors and tenants, and JV deal sourcing.

Name

JMD

Legal name

JMD Group of Companies

Website

https://jmd.com.sg

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

JMD Group of Companies is a privately held Singapore-based real estate investment and development firm that acquires, develops, and manages commercial, residential, hospitality, and industrial properties across Singapore and Malaysia, primarily through joint ventures with operators and capital partners.

Ownership category

akta.pro rank

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Real Estate Development: Joint venture development of residential, commercial, and mixed-use properties. Generates returns through sales of developed units (e.g., The Wisteria with 216 residential units fully sold) and commercial spaces.
2. Property Leasing: Leasing of commercial shophouses, office spaces, and retail properties to F&B tenants, retail operators, and office tenants. Revenue generated through rental income from tenants at properties like 35 North Canal Road, 36 Carpenter Street, and 39 Hongkong Street.
3. Hospitality Operations: Hotel operations through partnerships with operators like Hmlet. Owen House by Habyt represents their entry into the hotel industry with 106 hotel keys generating hospitality revenue.
4. Asset Management Services: Property management and accounting services for third-party real estate owners using Yardi Voyager platform, streamlining operations across portfolios.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

JMD Group of Companies is a Singapore-based real estate investment and development firm that acquires, develops, leases, and sells premium commercial, residential, industrial, mixed-use, and hospitality properties across Singapore and Malaysia. The company operates through joint venture partnerships for large-scale developments and manages properties (including third-party-owned assets) using the Yardi Voyager platform.

Product overview

JMD is a real estate development and investment company managing commercial, industrial and residential properties globally. Their product portfolio includes commercial office buildings (50 Scotts Road, Robinson Point, The Adelphi, Paya Lebar Square), mixed-use developments (The Wisteria with residential and retail), industrial and commercial parks (VervoCity), residential projects (Senibong Hills), conserved shophouse redevelopments (35 North Canal Road, 22 Sam Leong Road, 39 Hongkong Street, 36 Carpenter Street), and a boutique hotel (Owen House by Habyt). The company operates across the property lifecycle from acquisition through development, asset management, and leasing, with properties in Singapore and Malaysia.

Differentiator

Problem solved

Functional benefit

Products and services

• The Wisteria Mixed-use development comprising Wisteria Mall (retail) and 216 residential units across three nine-storey towers with ABB Smart Home System, located in Yishun, Singapore.
• Senibong Hills Luxury lifestyle master-planned community spanning 208 acres in Johor Bahru, Malaysia with free-standing villas, terrace houses, bungalows, apartments and integrated marina. Joint venture with Walker Corporation.
• VervoCity Integrated industrial and commercial lifestyle park in Kulai Indahpura, Malaysia combining F&B, retail, commercial offices and industrial park community.
• Owen House by Habyt 106-key boutique hotel at 2 Owen Road, Farrer Park, featuring 1920s inspired design with art deco twist, rooms up to 560 sq ft, and speakeasy bar.
• 35 North Canal Road Two adjoining conserved shophouses rebuilt with six-storey extension, near Raffles Place and Clarke Quay MRT, occupied by tenants including Box Office Fitness.
• 22 Sam Leong Road Fully-refurbished conservation shophouse in Little India district with upper floors operated by co-living operator Hmlet.
• 50 Scotts Road Prime commercial development near Newton MRT, fully leased to multinational marketing firm on long-term lease.
• The Adelphi 999-year leasehold retail and commercial development at 1 Coleman Street with entertainment, equipment and numismatics retail, comprising 77 retail and 86 office strata units.
• Paya Lebar Square
• 36 Carpenter Street Fully redesigned commercial building in River Zone with co-working operator The Hive and izakaya bar Neon Pigeon as tenants.
• 39 Hongkong Street Conserved shophouse rebuilt with six-storey extension on popular Hongkong Street, occupied by creative and wealth management tenants including Vianney Massot Restaurant.
• Property Leasing Services Leasing services for commercial properties including 36 Carpenter Street, 39 Hongkong Street, 50 Scotts Road, Owen House by Habyt, Paya Lebar Square, Robinson Point, The Adelphi, and VervoCity.
• Asset Management Services

Quantifiable outcome

• The Wisteria: 216 residential units fully sold due to overwhelming response
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• HmletcoreStrategic or Co-development Partner · 25 November 2022Hmlet is a co-living operator that partnered with JMD Group and TCRE Partners to acquire a hotel asset at 2 Owen Road, Singapore. This collaboration marks Hmlet's entrance into the hotel industry with the launch of Owen House by Habyt, a 106-key hotel. JMD was involved in the acquisition of the hotel asset, and Hmlet operates the property as their maiden hotel.
• TCRE PartnerscoreStrategic or Co-development Partner · 25 November 2022TCRE Partners collaborated with Hmlet and JMD Group in the acquisition of the hotel asset that became Owen House by Habyt. TCRE Partners is a real estate firm involved in this joint acquisition for Hmlet's debut hotel property.
• SchrodersminorOthers · 1 January 2022UK private equity firm Schroders acquired Wisteria Mall in Yishun from the Northernone Development consortium for approximately S$208 million. JMD was part of the original development consortium but this represents a property disposal rather than a partnership.
• YardicoreTechnology or Integration · 10 January 2020Yardi provides cloud-based property management and accounting software (Yardi Voyager) to JMD Group for managing their portfolio of premium real estate assets. JMD also uses Yardi PayScan for invoice processing and Yardi Fixed Assets for asset monitoring. The platform enables real-time notifications, reporting, and automated business processes across the portfolio.
• Golden Pacific Worldwide & HoldingsminorOthers · 23 August 2019Seller of two floors at Southpoint office building for S$78.4 million to JMD's joint venture company. The floors were sold by Golden Pacific Worldwide & Holdings Pte Ltd, whose shareholders are Lee Sai Kit and Tay Lee Hoon.
• Santarli GroupcoreStrategic or Co-development Partner · 1 January 2018Santarli Group participated as a joint venture partner in The Wisteria development in Yishun, Singapore. The consortium led by BBR Holdings and including Santarli Venture developed the S$400 million GDV mixed-use project.
• BBR HoldingscoreStrategic or Co-development Partner · 13 March 2016BBR Holdings led the joint venture consortium for The Wisteria development in Yishun, Singapore. The S$400 million GDV mixed-use development comprises 216 residential units (The Wisteria) and Wisteria Mall. Northernone Development, led by BBR Holdings and Hexacon Construction, managed the development with partners including Santarli Venture, MUSE Capital, and AHPL (Investments).
• Walker CorporationcoreStrategic or Co-development Partner · 10 March 2015Walker Corporation is an Australian developer and the largest private and diversified development company in Australia, known for creating exquisitely-designed waterfront developments. JMD formed a joint venture with Walker Corporation for the Senibong Hills project in Johor Bahru, Malaysia - a 208-acre luxury lifestyle master-planned community.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Habyt: Co-living and serviced-accommodation operator that brands the Owen House by Habyt hotel. Comparable as the operating partner on JMD's first hotel asset and a peer on how co-living/short-stay players structure real estate partnerships.
• Hmlet: Asia-Pacific co-living operator and JMD's JV partner on the Owen House hotel and 22 Sam Leong Road. Comparable as a tenant/operator within JMD's portfolio and a hospitality/coliving peer for evaluating JMD's hospitality expansion thesis.

Direct peers

• City Developments Limited (CDL): Singaporean real estate company with a diversified portfolio of residential, commercial, and hospitality properties globally. Comparable to JMD's development-plus-investment model and recurring income orientation across property segments.
• Far East Organization: Singapore's largest private real estate developer and investor, with a mixed portfolio spanning residential, commercial, retail, and hospitality assets. Comparable to JMD in market focus (Singapore prime properties) and integrated develop-and-hold model.
• GuocoLand: Singapore-listed developer with significant operations in Singapore and Malaysia across residential, commercial, and mixed-use developments. Comparable geographic footprint and mixed-use development focus aligned with JMD's Senibong/VervoCity/Malaysia exposure.
• Ho Bee Land: Singapore-based real estate developer and investor focused on prime commercial and residential assets, including conservation properties. Comparable to JMD's prime-location commercial and shophouse strategy.
• Perennial Real Estate Holdings: Singapore-based real estate investment and development company with integrated mixed-use developments and healthcare-focused assets. Comparable in operating a mixed-use portfolio with development and investment components in Singapore and China.

Regional players

• UEM Sunrise: Malaysian master developer of integrated townships and high-rise developments with growing Singapore presence. Comparable to JMD's Senibong Hills master-planned community and Malaysian operating footprint.
• IOI Properties Group: Major Malaysian real estate developer and owner with integrated townships and commercial assets. Direct peer for JMD's VervoCity industrial-commercial park and broader Malaysia exposure.

Broad incumbents

• CapitaLand: Asia's largest diversified real estate group operating across residential, retail, office, and lodging. Comparable as a large incumbent operating across Singapore and the broader region with a develop-plus-invest model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/jmdgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 JMD