MK Land Holdings

What MK Land Holdings does

MK Land Holdings Berhad is a Malaysian public-listed (Bursa Malaysia) diversified group operating across three business segments: Property Development, Leisure and Hospitality, and Renewable Energy. The Property Development arm develops and sells residential townships in central and northern Malaysia under brands including Rafflesia, Freesia Taman Bunga Raya, Residensi Suasana Damai and the Klebang Putra series (Carnelian, Sapphire, Ruby, Emerald, Platinum). The Leisure arm owns and operates two flagship destinations, Bukit Merah Laketown Resort in Perak and Ombak Villa Langkawi. The Renewable Energy arm, housed in wholly-owned subsidiary Solar Citra Sdn Bhd (acquired fully in January 2025), operates the pioneering LSS4 solar photovoltaic plant in Kerian, Perak (Commercial Operation Date achieved May 30, 2023, seven months ahead of schedule) and is developing the 30 MWac Citra Energies solar farm in Kulim, Kedah in a 51/49 joint venture with TotalEnergies under Malaysia's Corporate Green Power Programme, targeting Q3 2027 commercial operation.

Revenue is generated through three distinct mechanics: one-time property sales (handovers of township units to individual buyers), recurring hospitality revenue from resort operations, and contracted, usage-based electricity sales under 21-year Power Purchase Agreements (PPAs) with technology and industrial offtakers including Google for 1 TWh of certified renewable power. Go-to-market is primarily direct: a Sales and Marketing team in Petaling Jaya handles property enquiries (03-7733 0303), physical show galleries sit at development sites, resort bookings are direct, and renewable energy is sold via B2B PPA negotiations with enterprise customers. The Group employs between 251 and 500 staff, holds RM 1.77 billion in total assets and RM 1.26 billion in shareholders' equity (as at 30 June 2025), and delivered FY2025 revenue of RM 234.7 million with profit before tax of RM 28.4 million.

Key partnerships include TotalEnergies (49% co-developer of the Citra Energies solar project, providing international energy and financing expertise), BNP Paribas Malaysia Berhad (sole mandated lender for the Citra Energies MYR 148 million project finance facility), and Google as an anchor corporate PPA offtaker. The Group's strategic direction, communicated through its Investor Relations function, targets continued township development within its existing central and northern Malaysian footprint, sustained leisure operations, and a multi-project renewable energy build-out under government-tendered programmes.

Name

MK Land Holdings

Legal name

MK Land Holdings Berhad

Website

https://mkland.com.my

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

251–500 employees

Short description

MK Land Holdings Berhad is a Malaysian public-listed group developing residential townships in central and northern Malaysia, operating leisure resorts (Bukit Merah Laketown Resort and Ombak Villa Langkawi), and generating solar power through subsidiary Solar Citra Sdn Bhd under 21-year PPAs with technology and industrial customers including Google.

Ownership category

akta.pro rank

Product category

Property Development

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA) (EUACAGAH)

Keywords

• Residential property development
• Township development
• Leisure hospitality
• Solar power generation
• Renewable energy projects

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Development: Core revenue driver through development and sale of residential properties including townships in central and northern Malaysia. Properties include Rafflesia Hill 3, Freesia Taman Bunga Raya, Residensi Suasana Damai, and various developments in Klebang Putra such as Carnelian, Sapphire, Ruby, Emerald, and Platinum.
2. Leisure & Hospitality: Revenue from resort and leisure operations including Bukit Merah Lake Town Resort and Ombak Villa Langkawi, providing accommodation, recreation, and hospitality services.
3. Renewable Energy (Solar Power Generation): Revenue from solar photovoltaic electricity generation sold under 21-year Power Purchase Agreements to industrial and technology customers, including technology majors such as Google. The Citra Energies solar plant will generate approximately 1.5 TWh of electricity over its lifetime.
4. Electricity Sales: The completed Kerian solar plant generates clean energy and provides steady income through electricity sales. Initial Operation Date achieved May 21, 2023; Commercial Operation Date achieved May 30, 2023.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

MK Land Holdings Berhad develops and sells residential townships across central and northern Malaysia (including Rafflesia Hill 3, Freesia Taman Bunga Raya, Residensi Suasana Damai, and the Klebang Putra series). It also operates leisure and hospitality destinations such as Bukit Merah Laketown Resort and Ombak Villa Langkawi, and generates renewable electricity through its wholly-owned subsidiary Solar Citra Sdn Bhd, which operates large-scale solar photovoltaic plants and sells power under 21-year Power Purchase Agreements to industrial and technology customers.

Product overview

MK Land Holdings Berhad operates as a diversified Malaysian company with three core business segments: Property Development (townships in central and northern Malaysia featuring residential projects under brands including Rafflesia, Freesia, Residensi Suasana Damai, and the Klebang Putra series), Leisure/Hospitality (flagship resorts including Bukit Merah Laketown Resort and Ombak Villa Langkawi), and Renewable Energy through its Solar Citra Sdn Bhd subsidiary. The company focuses on sustainable development practices and has expanded into solar energy generation through partnerships with TotalEnergies, operating both established LSS4 solar plants and new projects under Malaysia's Corporate Green Power Programme.

Differentiator

Problem solved

Functional benefit

Brands

• Rafflesia Hill 3: Property development project
• Freesia Taman Bunga Raya
• Residensi Suasana Damai
• Bukit Merah Lake Town Resort
• Ombak Villa Langkawi
• Solar Citra
• Citra Energies
• Carnelian 2 Klebang Putra
• Sapphire Klebang Putra
• Ruby Klebang Putra
• Emerald Klebang Putra
• Platinum Klebang Putra

Products and services

• Rafflesia Hill 3 Residential property development offering bespoke estates in a visionary township setting with focus on sustainability, marketed to individuals and families seeking premium sustainable homes.
• Freesia Taman Bunga Raya Residential township development in the Taman Bunga Raya area featuring urban retreat concepts for individuals and families.
• Residensi Suasana Damai Residential property development providing a peaceful living environment for individuals and families.
• Klebang Putra Properties (Carnelian, Sapphire, Ruby, Emerald, Platinum series) Comprehensive township development in the Klebang Putra area featuring multiple residential series including Carnelian 2, Sapphire, Ruby, Emerald 3/4/5/6, and Platinum offerings, sold to individual property buyers.
• Bukit Merah Laketown Resort Flagship resort destination providing accommodation and leisure experiences at Bukit Merah Lake Town, serving domestic and international tourists and families.
• Ombak Villa Langkawi Beachfront resort property on Langkawi Island offering accommodation and hospitality experiences for leisure travellers.
• Citra Energies Solar Power Supply Long-term renewable electricity supply service provided under 21-year Power Purchase Agreements from the Citra Energies solar plant in Kulim, Kedah, serving technology and industrial enterprises including data center operators.
• Solar Citra LSS4 Solar Plant (Kerian, Perak) Large-scale solar photovoltaic electricity generation operated by wholly-owned subsidiary Solar Citra Sdn Bhd, producing certified clean energy sold to off-takers.

Quantifiable outcome

• Renewable energy plant achieved Commercial Operation Date seven months ahead of schedule (May 30, 2023)
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• TotalEnergiescoreStrategic or Co-development Partner · 1 August 2023TotalEnergies holds a 49% stake in the Citra Energies solar project while Solar Citra Sdn Bhd (a subsidiary of MK Land Holdings Berhad) holds the remaining 51%. The project was awarded by the Malaysian Energy Commission under the Corporate Green Power Programme. TotalEnergies brings international energy expertise and financing capabilities to the partnership.
• Solar Citra Sdn BhdcoreOthersSolar Citra Sdn Bhd is a wholly-owned subsidiary of MK Land Resources Sdn Bhd, which is itself a wholly-owned subsidiary of MK Land Holdings Berhad. It manages the group's renewable energy operations including the pioneering LSS4 solar plant in Kerian, Perak and the Citra Energies solar project in Kulim, Kedah.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• UEM Sunrise Berhad: Malaysian township and mixed-use developer with significant central-region presence (Iskandar Malaysia). Comparable in residential township development focus and Bursa Malaysia small-mid cap profile.
• IOI Properties Group Berhad: Malaysian property developer with residential townships, commercial, and leisure/hospitality assets. Directly comparable diversified portfolio with similar geographic concentration in Malaysia.
• Mah Sing Group Berhad: Mid-cap Malaysian residential and commercial property developer with township developments across Malaysia. Comparable in scale, focus on affordable-to-mid-market residential, and Bursa Malaysia listing profile.
• Solarvest Holdings Berhad: Malaysia's leading solar PV system developer with operations across utility-scale, commercial, and residential solar. Most directly comparable Malaysian peer for MK Land's Solar Citra utility-scale solar business under LSS and Corporate Green Power Programme.
• SP Setia Berhad: One of Malaysia's largest residential township developers, building master-planned communities across central and northern Malaysia. Most directly comparable to MK Land in business model, customer segment, and product mix (residential build-to-sell communities).
• Sime Darby Property Berhad: Major Malaysian township and integrated property developer with extensive land bank in central and southern Malaysia. Closely aligned with MK Land in residential township development focus and public-listed Malaysian developer status.
• Gadang Holdings Berhad: Malaysian property developer and engineering contractor with growing renewable energy exposure. Comparable in diversified Malaysian property + emerging energy business mix and similar small-mid cap scale.
• Eco World Development Group Berhad: Public-listed Malaysian developer focused on master-planned townships and upscale residential projects. Comparable in product positioning (sustainable/lifestyle-oriented townships) and Malaysian geographic footprint.
• Cypark Resources Berhad: Malaysian renewable energy company operating solar farms and waste-to-energy plants under similar government programmes. Comparable in utility-scale solar IPP operations and Malaysian renewable energy exposure.

Broad incumbents

• Sunway Berhad: Large Malaysian conglomerate with property development, construction, healthcare, and hospitality segments. Overlaps with MK Land on property and leisure/hospitality, but operates at materially larger scale and broader scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@MKLandOfficial
• Instagraminstagram.com/mklandgroup
• LinkedInlinkedin.com/company/mk-land-holdings-berhad

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 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 MK Land Holdings