Pasdec Holdings

What Pasdec Holdings does

Pasdec Holdings Berhad is a Bursa Malaysia Main Market-listed property developer (Stock Code: 6912) headquartered in Kuantan, Pahang, Malaysia, focused on residential property development across the state of Pahang. The company was incorporated and listed on Bursa Malaysia on 27 October 1997 and is controlled by the State Government of Pahang through Perbadanan Kemajuan Negeri Pahang (PKNP), which acts as the strategic and controlling shareholder. Pasdec has shaped Kuantan and Pahang for over three decades, delivering master-planned townships, residential developments, and integrated communities ranging from affordable starter homes to mid-market housing, with completed projects including Bandar Putra Villa and Serelyn Avenue and ongoing development Casa Bayu.

The company operates a vertically integrated model combining an in-house property development division with an in-house construction division, enabling end-to-end control over project execution and on-time delivery. Revenue is generated primarily through one-time sale of residential units and integrated community parcels, with pricing structured per unit and varying by development, location, and unit type. Customer segments comprise mass-market residential home buyers seeking housing in Pahang and individual property investors seeking Bursa-listed exposure to the state property market. The go-to-market relies on direct in-house sales teams at project sites, supported by Bursa Malaysia investor relations disclosures and the corporate website.

Pasdec currently employs 51-100 staff, reported FY2024 revenue of RM 29,483 thousand (down 19% year-on-year) and net profit after tax of RM 6,807 thousand, with a total equity base of RM 363,573 thousand and 400,369,200 shares outstanding (NAV per share RM 0.90, basic EPS 1.77 sen). The company has signaled a 2025 pipeline of RM 250 million+ in new residential launches and appointed Mohammad Ikhwan bin Mustapa Al Bakri as Chief Executive Officer effective 1 May 2026 to lead its next phase of operational growth. Chairman Gen. Tan Sri Dato' Sri Zulkiple bin Kassim (R) oversees the board.

Name

Pasdec Holdings

Legal name

Pasdec Holdings Berhad

Website

https://pasdec.com.my

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

Pasdec Holdings Berhad is a Bursa Malaysia-listed, state-backed residential property developer in Pahang, Malaysia, building master-planned townships and housing communities through in-house construction and direct sales since 1997.

Ownership category

akta.pro rank

Product category

Residential Property Development

NAICS

New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

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

Keywords

• Residential property development
• Master-planned townships
• Construction services
• Integrated communities
• Affordable housing

Headquarters

HQ city

Kuantan

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Development: Core revenue stream from development and sale of residential properties, master-planned townships, and integrated communities in Pahang, Malaysia.

Distribution channels1 record

Marketing channels3 records

Core offering

Pasdec Holdings Berhad develops and sells residential properties in Kuantan and Pahang, Malaysia, ranging from affordable starter homes to mid-market residences and integrated master-planned townships. The company operates an in-house construction division that delivers its own developments, including completed projects such as Bandar Putra Villa and Serelyn Avenue, and the ongoing Casa Bayu project. Revenue is generated primarily through one-time sales of residential units to homebuyers and investors in Pahang.

Product overview

Pasdec Holdings Berhad operates as a unified property development company with in-house construction capabilities, offering residential developments ranging from affordable starter homes to integrated townships. The company's product portfolio consists of property development as its core business supplemented by an internal construction division. Completed residential projects include Bandar Putra Villa and Serelyn Avenue, with Casa Bayu currently under development. All projects are concentrated in Kuantan and Pahang, Malaysia.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Development

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Hua Yang Berhad: Small-to-mid cap Malaysian residential developer listed on Bursa Malaysia, focused on affordable and mid-market housing. Comparable in scale and target segment to Pasdec, though operating in different geographies.
• Mah Sing Group Berhad: Bursa Malaysia-listed residential property developer focused on affordable and mid-market housing across Malaysia. Comparable to Pasdec in targeting residential property buyers with integrated townships, though with broader geographic reach.
• SP Setia Berhad: Bursa Malaysia-listed master-planned township developer with residential projects across Malaysia. Highly comparable to Pasdec in residential master-planned community model, though at significantly larger scale.
• Sime Darby Property Berhad: Major Malaysian residential and integrated township developer listed on Bursa Malaysia. Directly comparable business model of building master-planned communities and residential developments, serving similar mid-market and affordable segments.
• Matrix Concepts Holdings Berhad: Bursa Malaysia-listed developer focused on integrated townships in Negeri Sembilan and Malaysia. Comparable to Pasdec as a smaller, regionally focused residential township developer with similar mid-market positioning.

Emerging players

• Gadang Holdings Berhad: Bursa Malaysia-listed company with property development and construction divisions. Comparable integrated developer-contractor model to Pasdec's in-house construction approach, with similar mid-market positioning.

Broad incumbents

• UEM Sunrise Berhad: Bursa Malaysia-listed master-planned township and high-rise residential developer. Comparable integrated development approach and residential focus, though primarily concentrated in Johor and the Klang Valley.
• Sunway Berhad: Large Malaysian conglomerate with a significant property development arm (Sunway Property) building integrated townships. Comparable property development activities, though Sunway operates at much larger scale across multiple industries.
• Eco World Development Group Berhad: Bursa Malaysia-listed developer of master-planned townships and residential projects across Malaysia. Comparable in residential township development model, though larger and more geographically diversified.
• IOI Properties Group Berhad: Major Bursa Malaysia-listed property developer with residential and township developments across Malaysia. Comparable in core residential development business, though significantly larger and more diversified geographically.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/pasdec_phg
• YouTubeyoutube.com/channel/pasdec
• Facebookfacebook.com/pasdec

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Pasdec Holdings