Vestland Home

What Vestland Home does

Vestland Berhad (trading as Vestland / Vestland Home) is a Malaysian construction services company headquartered in Shah Alam, Selangor, operating through its core subsidiary Vestland Resources Sdn Bhd (founded 2011). It holds the CIDB Grade 7 contractor classification, the highest available in Malaysia, qualifying it to tender for large-scale building and infrastructure projects. The company was listed on the ACE Market of Bursa Malaysia on 31 January 2023 under stock code VLB. Its service offering spans design-and-build construction, build-only construction, and civil engineering works for residential, non-residential, and infrastructure clients across Peninsular Malaysia and East Malaysia (Sabah).

The company generates revenue through project-based contracts awarded via competitive bidding or direct negotiation, with individual contract values ranging from RM52.9 million to RM278.8 million. Design-and-build contracts contribute the largest revenue share (50-60%) and command higher margins than pure build contracts (~29.9% of revenue); civil engineering represents a smaller but growing line. Its customer base spans private property developers and government agencies, with named clients including Tafi Home & Office, Sg. Besi Construction, Mercu Majuniaga, Euro Saga, and federal infrastructure counterparties tied to the Kota Bharu-Kuala Krai Expressway.

FY2024 revenue reached RM626.1 million with PBT of RM51.9 million, up from RM348.9 million in FY2023, against an order book of RM1.5-2.9 billion providing four to five years of forward visibility. Founder Datuk Liew Foo Heen controls approximately 59.6% of the company, with Wong Sai Kit at ~11.17%. On 30 September 2025, an unconditional mandatory take-over offer was launched by Noble Pinnacle (Holding) Sdn Bhd and persons acting in concert at RM0.34 per share, introducing change-of-control dynamics that may reshape the company's strategic direction.

Name

Vestland Home

Legal name

Vestland Berhad (1437863-M)

Website

https://vestland.com.my

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Vestland Berhad is a Malaysian CIDB Grade 7 construction services company (listed on Bursa Malaysia ACE Market as VLB) that delivers design-and-build, build, and civil engineering works for private property developers and government clients across Malaysia.

Ownership category

akta.pro rank

Headquarters

HQ city

Shah Alam

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Design and Build Contracts: Revenue from integrated design and construction projects for residential and non-residential buildings. This segment has contributed 50-60% of total revenue, providing higher margins than pure build contracts.
2. Build Contracts: Traditional construction services without design component, contributing approximately 29.9% of revenue
3. Civil Engineering Works: Civil engineering projects contributing approximately 3.5% of revenue since 2021 expansion

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Vestland Home (Vestland Berhad) is a Malaysian construction services company operating through its wholly-owned subsidiary Vestland Resources Sdn Bhd. The company provides one-stop Design and Build construction services for residential and non-residential buildings, and has expanded into civil engineering works. Projects span Klang Valley, Sabah, Pahang, Pulau Pinang and other regions in Malaysia, with contract values disclosed ranging from RM52.9 million to RM278.8 million.

Product overview

Vestland Berhad operates as a construction services company offering a unified service portfolio centered on Design & Build and Civil Engineering capabilities through its wholly-owned subsidiary Vestland Resources Sdn Bhd. The company specializes in residential and non-residential building construction for both private and public sectors. Design & Build services form the core competency, expanded in 2020 from traditional build-only services, enabling higher margins through end-to-end project management. Civil Engineering works were added in 2021 to complement the construction portfolio. The company maintains a diverse project portfolio spanning completed developments (THREE33 RESIDENCE, THE GLENZ, PEARL SURIA, KOTA KINABALU INDUSTRIAL PARK, RESIDENCE ARMANI BUKIT LANJAN) and current projects (ARMANI PRESTIGE, ARMANI HALLSON KLCC, PINNACLE SUBANG JAYA). Vestland holds CIDB Grade 7 contractor status and listed on ACE Market of Bursa Malaysia since January 2023.

Differentiator

Problem solved

Functional benefit

Products and services

• Design & Build Services One-stop design and build construction services managing the end-to-end construction process for residential and non-residential buildings. Provides integrated design and construction with single-point accountability for private and government clients across Malaysia.
• Civil Engineering Services Civil engineering works covering site clearance, demolition, earthworks, drainage, and infrastructure projects such as expressway construction. Added to complement the company's construction portfolio for both private and government clients.

Quantifiable outcome

• Design and build segment contributed 66.1% of total revenue (RM139.8 million) for 9M22
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators14 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Gamuda Berhad: Major Malaysian contractor with integrated construction, civil engineering and infrastructure delivery; comparable design-and-build capabilities and project scale, though materially larger and more diversified.
• Sunway Construction Group Berhad: Leading Malaysian construction group offering design-and-build, civil engineering and building services across residential, commercial and infrastructure projects — the closest direct peer in scale and business mix.
• TRC Synergy Berhad: Malaysian contractor with core civil engineering, building and infrastructure capabilities; comparable project sizes in highways, buildings and government works.
• WCT Holdings Berhad: Established Malaysian contractor delivering building and civil engineering works including expressways and high-rise developments; closely comparable in project types and customer base.
• Econpile Holdings Berhad: Malaysian specialist in geotechnical and civil engineering works for building and infrastructure projects; comparable sub-contracted execution model and CIDB-graded project delivery in Malaysia.
• Muhibbah Engineering (M) Bhd: Malaysian construction and civil engineering group active in infrastructure, building and offshore works; comparable mix of building projects and infrastructure contracts in Malaysia and the region.
• Kimlun Corporation Berhad: Mid-cap Malaysian builder focused on design-and-build, civil engineering and prefabricated construction; similar size bracket and customer mix to Vestland, with comparable CIDB-graded project execution.

Broad incumbents

• IJM Corporation Berhad: Large diversified Malaysian conglomerate with substantial construction and property development operations; a broader incumbent with overlapping design-build and civil engineering capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vestland-berhad

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 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 Vestland Home