Perbadanan Kemajuan Negeri Selangor

What Perbadanan Kemajuan Negeri Selangor does

Perbadanan Kemajuan Negeri Selangor (PKNS) is a statutory body established on 1 August 1964 under the Selangor State Development Corporation Enactment (1964), operating as the official development agency for the Malaysian state of Selangor. Headquartered at the Green Building Index-compliant Laman PKNS in Shah Alam, the company develops and sells residential, commercial, and industrial properties across multiple Selangor townships, manages land sales and leasing portfolios, and operates the GRIP (Green Industrial Park) managed industrial facility at Kota Puteri Crown City. PKNS also administers the Rumah Selangorku affordable housing program in partnership with the Selangor State Government, targeting Malaysian citizens with household incomes between RM3,001 and RM8,000 per month. The company maintains over 14 subsidiaries spanning property development, hospitality, healthcare, renewable energy, facility management, education, and MSME development.

PKNS generates revenue primarily through one-time property sales across residential tiers ranging from affordable units under RM500,000 to luxury semi-detached homes exceeding RM3 million, alongside commercial shop offices priced RM470,000-RM1.7 million and industrial lots at RM70-RM73 per sqft. A secondary recurring revenue stream derives from leasing of residential units, office towers, and commercial properties. Distribution operates through three regional sales offices (Central, Northern, Southern Selangor), four physical sales galleries, dedicated X-HOMES hotlines, WhatsApp Business, and the pkns.gov.my online portal. Proprietary features include smart living integration (EV charging, energy-efficient design), eco-construction practices, and the GRIP managed industrial park concept positioning sustainability as a brand differentiator. Customer segments comprise individual homebuyers (primary), business owners and commercial investors, and affordable housing program recipients.

Name

Perbadanan Kemajuan Negeri Selangor

Legal name

Perbadanan Kemajuan Negeri Selangor

Website

https://pkns.gov.my

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Perbadanan Kemajuan Negeri Selangor (PKNS) is a Selangor state statutory body that develops residential, commercial, and industrial properties across Selangor, Malaysia, serving individual homebuyers, commercial investors, and affordable housing recipients via the Rumah Selangorku program.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Real Estate (5311), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

Keywords

• Property development
• Residential real estate
• Commercial real estate
• Industrial parks
• Affordable housing

Headquarters

HQ city

Shah Alam

HQ country

Malaysia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Sales - Residential: Development and sale of residential properties including terrace houses, apartments, semi-detached homes, and luxury residences across multiple townships in Selangor.
2. Property Sales - Commercial: Sale of commercial properties including shop offices, office spaces, and mixed-use developments.
3. Land Sales: Sale of residential, commercial, and industrial land lots owned by PKNS throughout Selangor.
4. Property Leasing: Leasing of residential units, office spaces, and commercial properties including office towers, shopping malls, and serviced residences.
5. Industrial Park Operations: Operation of managed industrial parks including GRIP (Green Industrial Park) offering factory units and industrial lots for lease and sale.
6. Entrepreneur Development Programs: Various programs including incubation, vendor development, and business support services for entrepreneurs in Selangor.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

PKNS develops, sells, and leases residential, commercial, and industrial properties across Selangor, Malaysia, including affordable housing under the Rumah Selangorku program, the GRIP Green Industrial Park, townships such as Alam Nusantara and Selangor Cyber Valley, and mixed-use developments like SA Sentral. Revenue is generated through one-time property and land sales plus recurring leasing of office, retail, and residential units, supported by entrepreneur development programs.

Product overview

PKNS operates as a multi-faceted property development organization offering a comprehensive portfolio of residential, commercial, industrial, and land development products across Selangor. The core offerings include residential properties (terrace houses, apartments, semi-detached homes) through the PKNS Property Portal, the flagship GRIP Green Industrial Park for managed industrial solutions, commercial properties including shop offices and office towers, land sales, and leasing services. Rumah Selangorku provides affordable housing in partnership with the state government. The subsidiary network extends capabilities into hospitality, healthcare, renewable energy, and MSME development. Township developments span multiple regions including Alam Nusantara, Antara Gapi, Bangi, Kota Puteri, SA Sentral, Selangor Cyber Valley, and Shah Alam.

Differentiator

Problem solved

Functional benefit

Brands

• GRIP (Green Industrial Park): PKNS's first managed industrial park located in Kota Puteri Crown City, focusing on sustainable industrial development.
• Rumah Selangorku
• SA Sentral
• Selangor Cyber Valley
• Alam Nusantara
• PKNS BizPoint

Products and services

• GRIP (Green Industrial Park) PKNS's first managed industrial park located in Kota Puteri Crown City, offering sustainable industrial lots and semi-detached factories for businesses seeking high ROI within a sustainable ecosystem adhering to international standards.
• Residential Properties
• Commercial Properties
• Land Sales
• Property Leasing
• Rumah Selangorku Affordable Housing
• Adhara
• Auva
• Hijauan Enklaf
• Linkar52
• Menara U & Menara U2
• The Strand
• GRIP Industrial Lots

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SP Setia Berhad: Public-listed Malaysian developer known for township developments across the Klang Valley including Selangor. Directly comparable to PKNS in scale, product breadth (residential, commercial, industrial), and master-planned township execution.
• UEM Sunrise Berhad: Malaysian developer of integrated townships and high-rise mixed-use developments with Klang Valley exposure. Comparable to PKNS in large-scale master planning, mixed-use execution, and affordable-to-mid-tier residential offerings.
• IOI Properties Group Berhad: Major Malaysian developer of townships, commercial, and industrial properties with significant Selangor exposure. Comparable to PKNS in building integrated residential-commercial-industrial projects targeting mass-market and premium segments.
• Mah Sing Group Berhad: Affordable-to-mid-market Malaysian property developer with significant Selangor presence offering residential and commercial projects. Directly comparable to PKNS on affordable-housing positioning and price-conscious buyer segments.
• Matrix Concepts Holdings Berhad: Malaysian property developer focused on affordable and mid-market residential developments with industrial park exposure. Comparable to PKNS on affordable housing mandate and industrial park operations via its Sendayan TechPark concept.
• Sime Darby Property Berhad: One of Malaysia's largest public-listed township and property developers, operating master-planned communities across Klang Valley and Selangor. Highly comparable to PKNS in residential townships, commercial developments, and integrated property mix within the same geography.
• Sunway Berhad: Diversified Malaysian conglomerate with significant property development arm building integrated townships including Selangor projects. Comparable to PKNS's diversified structure that combines real estate with healthcare, hospitality, and education.
• Paramount Corporation Berhad: Malaysian developer with diversified real estate activities including residential townships and education. Comparable to PKNS's diversified footprint spanning residential, commercial, and education-related operations.
• Eco World Development Group Berhad: Public-listed Malaysian developer with a strong Selangor/Cyberjaya focus on master-planned townships, commercial projects, and industrial parks. Direct peer of PKNS in mid-market residential and commercial developments, with overlapping geographic footprint.

Broad incumbents

• Selangor Industrial Corporation Sdn Bhd: A wholly-owned PKNS subsidiary focused on industrial development, but operating as a public-facing platform for industrial parks in Selangor. Included to reflect the internal industrial development capability that PKNS houses alongside its residential and commercial arms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@PKNSOFFICIAL
• Facebookfacebook.com/PKNSHOMES
• LinkedInlinkedin.com/company/perbadanan-kemajuan-negeri-selangor
• Instagraminstagram.com/pkns_corporation
• TikToktiktok.com/@pkns_homes

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries14 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 Perbadanan Kemajuan Negeri Selangor