Tambun Indah Land

What Tambun Indah Land does

Tambun Indah Land Berhad is a publicly listed Malaysian property developer (klse:TAMBUN) founded in 1993 and headquartered in Butterworth, Penang, operating primarily across Northern Malaysia. The company develops integrated residential, commercial, retail, industrial and educational properties, with its flagship asset being the 1,140-acre Bandar Tasek Mutiara (Pearl City) township in Southern Seberang Prai, which integrates landed homes, high-rise residences (Ambay Park, Aralia Park, Pearl Impiana), the 8.7-acre Pearl City Mall, the Pearl City Business Park, and the Sri KDU International School. Since 1993 the group has launched more than 8,600 residential and commercial units, pioneering gated and guarded communities in Mainland Penang with Taman Tambun Indah (1995, 98 acres) and Palm Villas.

The business operates on two revenue streams: (1) one-time property development sales to home buyers and investors — both first-time purchasers seeking affordable entry-level products and upscale buyers seeking gated premium living — sourced through physical show houses, sales galleries, social media and onsite events; and (2) recurring rental income from commercial leasing across Pearl City Mall, Straits Garden shoplots, Wisma Pantai offices, and other holdings, with anchor tenants including C-Mart, Quan-U Furniture, Mr DIY, Subway and Watson Pharmacy. Distribution is fully direct-to-consumer via the Pearl City Sales Gallery and Wisma Pantai office, supported by a dedicated land-proposal channel for joint ventures and land acquisitions.

Tambun Indah has been listed on the Main Market of Bursa Malaysia Securities Bhd since 18 January 2011 and has received multiple industry recognitions including The Edge Malaysia Top 30 Property Developers (2017, 2021, 2022, 2023), Forbes Asia 200 Best Under A Billion (2013-2015), and RHB Top Malaysia Small Cap Companies 30/25 Jewels (2013, 2014, 2016). Reported revenue has declined from approximately MYR 61M in 2021 to roughly MYR 35M in 2025, reflecting project-recognition timing rather than operational contraction, with the broader project pipeline (Straits Garden, Seri Vila Permai, Botanic Villa, Lavender Park, Pearl Impiana, Ambay Park, Aralia Park) continuing to support future township densification.

Name

Tambun Indah Land

Legal name

Tambun Indah Land Berhad

Website

https://tambunindah.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

51–100 employees

Short description

Tambun Indah Land Berhad is a publicly listed Malaysian property developer (klse:TAMBUN, listed 2011) that builds integrated residential, commercial, retail, industrial and educational townships in Northern Penang, anchored by the 1,140-acre Bandar Tasek Mutiara (Pearl City). It serves first-time and upscale home buyers plus commercial tenants via direct sales galleries and show houses.

Ownership category

akta.pro rank

Product category

Residential Property Development

NAICS

Land Subdivision (2372), Rental and Leasing Services (532)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Residential property development
• Integrated township development
• Gated guarded communities
• Commercial property leasing
• Highrise condominium development

Headquarters

HQ city

Butterworth

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Development Sales: Primary revenue from developing and selling residential properties (bungalows, semi-detached houses, terrace houses, high-rise condominiums), commercial premises (shoplots, offices), and industrial properties (factories, warehouses). Revenue is generated through one-time sales transactions to home buyers and investors.
2. Retail & Commercial Leasing: Revenue from leasing commercial properties including retail spaces at Straits Garden, Wisma Pantai offices, and Pearl City Mall to tenants such as C-Mart, Quan-U Furniture, Mr DIY, and other retailers.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Tambun Indah Land Berhad develops and sells residential and commercial real estate in Penang, Malaysia. Its portfolio spans gated and guarded landed communities, terrace and strata-titled homes, high-rise condominiums, commercial shoplots and offices, retail malls, and industrial properties. The company's flagship is the 1,140-acre Bandar Tasek Mutiara (Pearl City) integrated township, complemented by recurring rental income from retail and commercial leasing.

Product overview

Tambun Indah Land Berhad is a property developer focused on the northern region of Penang, Malaysia. The company offers a diversified portfolio of property products including: (1) Township developments - primarily Bandar Tasek Mutiara (Pearl City), a 1,140-acre flagship integrated township; (2) Landed residential homes - including gated communities (Taman Tambun Indah, Palm Villas), terrace houses (Seri Vila Permai, Bukit Residence), and strata-titled landed properties; (3) High-rise residential - condominiums and serviced apartments (Capri Park, Ambay Park, Aralia Park); (4) Commercial properties - retail spaces, shop offices, and the Pearl City Mall; (5) Industrial properties - Juru Industrial Park factories and warehouses; and (6) Build-to-lease commercial properties. The company also operates the Pearl City Business Park offering integrated commercial, retail, and educational facilities including Sri KDU International School. Since incorporation in 1993, over 8,600 units have been launched.

Differentiator

Problem solved

Functional benefit

Brands

• Pearl City: A 1,140-acre integrated township development in Bandar Tasek Mutiara, Southern Seberang Prai, Penang. Includes residential, commercial, retail, and educational facilities.
• Pearl City Business Park

Products and services

• Bandar Tasek Mutiara (Pearl City) A 1,140-acre integrated township development in Southern Seberang Perai, Penang, featuring residential, commercial, retail, and educational facilities including Pearl City Mall and Sri KDU International School.
• Pearl City Mall A retail mall and entertainment centre on 8.7 acres within Pearl City Business Park, featuring anchor tenants including C-Mart, Quan-U Furniture, and Mr DIY.
• Pearl City Business Park An integrated commercial zone within Pearl City township featuring shoplots, Pearl Avenue 2 commercial development, and a proposed sports complex.
• Sri KDU International School at Pearl City An international school with 200,000 sq.ft. premises and capacity for 1,500 students, co-located within Pearl City Business Park and operated as part of the Sri KDU network.
• Taman Tambun Indah An exclusive guarded community developed in 1995 in Simpang Ampat, comprising over 300 bungalows and 44 semi-detached houses on 98 acres — the first successful and largest gated community of its kind in Penang.
• Palm Villas The first strata-landed gated community project in Seberang Perai, located in Butterworth town with 148 terraced townhouses, clubhouse facilities and large open spaces.
• Scotland Villas A premier condominium project on Scotland Road in Penang Island, known for spacious practical built-up areas and classy designs.
• Juru Heights A guarded mixed development next to Juru Auto City comprising bungalows, terrace houses and shop offices.
• Pearl Garden The first strata-titled landed development in Southern Seberang Perai comprising detached, semi-detached, and terrace houses with clubhouse facilities.
• Juru Industrial Park 22 units of one and a half storey factories designed for production factory or warehouse use, located next to Juru Auto City.
• Straits Garden A mixed integrated development in the Jelutong district comprising commercial shoplots, executive suites, apartments and condominiums with access to Georgetown, Bayan Baru and the Penang Bridge.
• Bukit Residence A low-density gated development of 115 units of double and triple storey terraced homes at Taman Bukit, Bukit Mertajam, with underground utilities and clubhouse facilities including swimming pool and gym.
• Seri Vila Permai A freehold double storey terrace house development in Kota Permai, Bukit Mertajam, located near educational institutions, healthcare facilities, and major transportation routes.
• Lavender Park A modern gated residential community within Pearl City, well connected to Sri KDU International School, Pearl City Mall, schools, banks and F&B outlets.
• Botanic Villa A gated and guarded residence within Pearl City providing security guards for safety and security.
• Pearl Impiana A residential development within Pearl City township offering a modern community environment with access to Pearl City Mall, schools, banks and F&B outlets.
• Ambay Garden A residential development within Pearl City township offering a modern community environment with access to Pearl City Mall, schools, banks and F&B outlets.
• Ambay Park A 21-storey high-rise development offering integrated retail and modern living at Pearl City Business Park.
• Aralia Park A high-rise development within Pearl City township within walking distance to Sri KDU International School and F&B outlets.
• Capri Park A balanced living condominium development in Butterworth with privacy and spacious villa-style living areas, clubhouse facilities and 8 shop offices.
• Retail and Commercial Leasing Leasing of commercial properties including retail spaces at Straits Garden, Wisma Pantai offices, and Pearl City Mall to tenants such as C-Mart, Quan-U Furniture, Mr DIY, and other retailers, generating recurring rental income.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core, major and minor.

• C-MartcoreChannel Partner/ Reseller/ Distributor · 1 April 2016Anchor tenant at Pearl City Mall Phase 1, opening April 2016. C-Mart hypermarket serves as a major draw for shoppers and residents to the mall, contributing to the commercial success of the integrated township development.
• Quan-U FurnituremajorChannel Partner/ Reseller/ Distributor · 1 April 2016Anchor tenant at Pearl City Mall Phase 1, providing furniture retail options to residents and visitors of Pearl City township.
• Mr DIYmajorChannel Partner/ Reseller/ Distributor · 1 April 2016Anchor tenant at Pearl City Mall Phase 1, providing household and DIY products retail services to the township community.
• Sri KDU International SchoolcoreStrategic or Co-development Partner · 1 September 2015International school tenant and co-located within Pearl City Business Park. The 200,000 sq.ft. school premises with capacity for 1,500 students commenced operations in September 2015, providing quality education and enhancing the integrated township's appeal to families.
• Land Owners/Joint Venture PartnersminorStrategic or Co-development PartnerThe Group welcomes proposals from land owners for property development opportunities in the form of outright land acquisitions or joint ventures for property development projects.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Mah Sing Group Berhad: Malaysian mid-cap residential and integrated township developer with projects across Klang Valley and other regions. Comparable as a Bursa-listed Malaysian developer focused on affordable-to-mid-tier residential launches, though geographically broader than Tambun Indah's Penang focus.
• Paramount Corporation Berhad: Mid-cap Malaysian developer focused on residential and integrated developments primarily in Klang Valley. Comparable small-to-mid-scale listed developer profile, though with Klang Valley concentration rather than Penang.
• Matrix Concepts Holdings Berhad: Bursa-listed Malaysian property developer with a flagship Bandar Sri Sendayan integrated township in Negeri Sembilan. Comparable as a small-to-mid-cap developer monetizing a large master-planned township through phased residential, commercial and industrial launches.

Broad incumbents

• IOI Properties Group Berhad: Diversified Malaysian developer with townships such as Bandar Putra Kulai and IOI Resort City. Comparable integrated township business model with commercial leasing components, though materially larger and geographically diversified.
• Gamuda Berhad: Malaysian infrastructure and property developer with townships such as Gamuda Cove and Gamuda Gardens. Comparable large-scale township development expertise with recurring commercial components, though with stronger infrastructure/toll-road diversification.
• Sunway Berhad: Malaysian conglomerate with significant property arm (Sunway City, Sunway Velocity). Comparable mixed-use integrated development approach combining residential, retail (Sunway Pyramid) and education, though at much larger diversified group level.
• SP Setia Berhad: One of Malaysia's largest property developers with township projects nationwide (Setia Alam, Setia Eco Park). Comparable integrated township model but at significantly larger scale and broader geographic footprint than Tambun Indah.
• Eco World Development Group Berhad: Major Malaysian township developer with Eco Grandeur, Eco Sanctuary, and Eco Forest developments. Comparable integrated township approach targeting first-time and upgrader buyers, but operates at much larger scale across multiple Malaysian regions.
• UEM Sunrise Berhad: Malaysian developer behind flagship Iskandar Puteri township in Johor. Comparable large-scale master-planned township model, though concentrated in Johor rather than Penang.
• Sime Darby Property Berhad: Bursa-listed Malaysian developer with large integrated townships (Subang Jaya, Bandar Bukit Raja, Elmina). Comparable township development approach with recurring commercial leasing, though at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCQnDTs_ISsnXOYWBWII5gUw
• Facebookfacebook.com/TambunIndah.Property

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 Tambun Indah Land