Golden Land

What Golden Land does

Golden Land Berhad (KLSE: GLBHD) is a Malaysian-listed land-based business operating two core divisions: GLB Plantation and GLB Property. The company was founded in 1982 as Tanah Emas Telupid in Sabah's timber industry, transitioned into plantation operations in 1986, listed on the Second Board of Bursa Malaysia in 1996 as Tanah Emas Corporation Berhad, and migrated to the Main Board in 2009 under its current name. Corporate headquarters are in Subang Jaya, Selangor, with employee headcount in the 1,001-5,000 range.

The Plantation division cultivates oil palm in East and South Kalimantan, Indonesia, holding approximately 38,668 hectares of permitted land bank and targeting 11,370 hectares planted by 2030. Operations are pursuing Indonesian Sustainable Palm Oil (ISPO) certification, with No Open Burning and sustainability policies embedded in plantation Standard Operating Procedures. In 2016 the company divested its Sabah-based plantation and milling assets (9,812 hectares), concentrating upstream exposure in Indonesia. Palm oil output is sold through commodity markets and direct buyer relationships to palm oil processors.

The Property division develops residential, commercial, mixed-use and light industrial projects in Malaysia, with four projects completed since 2016 across Sabah (MidTown Plaza), Penang (Golden Gateway), Selangor (D'Sini Residences) and Pahang (Taman Lavender Residences), and a Kota Kinabalu mixed-use development scheduled for 2026. Property sales are conducted through direct sales teams and physical showrooms at project sites, with unit pricing negotiated individually. The company has no public pricing tiers and no disclosed end-customer logos; revenue figures are not publicly disclosed. Ownership is concentrated, with the Yap family (CEO Yap Phing Cern and Executive Director Yap Fei Chien) and Non-Independent Non-Executive Director Tang Weihann holding substantial stakes.

Name

Golden Land

Legal name

Golden Land Berhad

Website

https://glbhd.com

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Golden Land Berhad (KLSE: GLBHD) is a Malaysian-listed company operating GLB Plantation, which cultivates oil palm on ~38,668 hectares in Indonesia targeting 11,370 ha planted by 2030, and GLB Property, which develops residential and commercial real estate across Malaysia with four completed projects since 2016 and a Kota Kinabalu mixed-use development planned for 2026.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Greenhouse, Nursery, and Floriculture Production (1114)

SIC

Agricultural Production-Crops (100), Agricultural Services (700)

akta.pro primary industry

Palm Oil Milling, Refining & Fractionation (AFAKAEAB)

akta.pro secondary industry

Other Specialty & Industrial Crop Farming (Emerging/Regional Specialty Crops) (AFAGAGAO)

Keywords

• Property development
• Oil palm plantation
• Sustainable agriculture
• Land development
• Residential real estate

Headquarters

HQ city

Puchong

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Development: Revenue from development and sale of residential and commercial properties in Malaysia, including projects in Sabah, Penang, Selangor, and Pahang
2. Palm Oil Plantation: Revenue from cultivation and sale of palm oil products from plantations in East and South Kalimantan, Indonesia

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Golden Land Berhad operates two core divisions: GLB Plantation cultivates oil palm on approximately 38,668 hectares of permitted land in East and South Kalimantan, Indonesia, targeting 11,370 hectares planted by 2030 with ISPO sustainability certification. GLB Property develops residential, commercial, mixed-use, and light industrial real estate across Malaysia, with completed projects including MidTown Plaza (Sabah), Golden Gateway (Penang), D'Sini Residences (Selangor), and Taman Lavender Residences (Pahang), and an upcoming Kota Kinabalu mixed-use development.

Product overview

Golden Land Berhad operates two core business divisions: GLB Plantation and GLB Property. The plantation business originated in the 1980s and now focuses on sustainable palm oil cultivation in Indonesia with approximately 38,668 hectares of permitted land bank. The property development division has expanded from its plantation roots to deliver residential and commercial projects across Malaysia, including MidTown Plaza in Sabah, Golden Gateway in Penang, D'Sini Residences in Selangor, and Taman Lavender Residences in Pahang, with an upcoming Kota Kinabalu mixed-use development.

Differentiator

Problem solved

Functional benefit

Brands

• GLB Plantation: The plantation business sector of Golden Land Berhad, operating oil palm plantations primarily in East and South Kalimantan, Indonesia.
• GLB Property

Segments2 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Sarawak Oil Palms Berhad: Malaysian-listed palm oil producer focused on plantations in Sarawak and Indonesia. Comparable mid-size pure-play plantation operator with similar Southeast Asian geographic footprint to Golden Land.
• Boustead Plantations Berhad: Malaysian-listed palm oil plantation company with estates in Malaysia and Indonesia. Similar mid-cap profile to Golden Land with comparable geographic exposure and a diversified parent (Boustead Holdings).
• United Plantations Berhad: Mid-sized Malaysian-listed palm oil producer with operations in Malaysia and Indonesia. Closely comparable to Golden Land in plantation focus, Malaysian listing, and dual plantation/property heritage, though with larger scale and more mature estates.
• UEM Sunrise Berhad: Malaysian-listed property developer with mixed residential and commercial projects, including flagship Iskandar Malaysia developments. Comparable to GLB Property as a Bursa Malaysia-listed developer operating across multiple Malaysian states.
• Mah Sing Group Berhad: Mid-sized Malaysian property developer focused on residential and commercial projects across Malaysia. Comparable to GLB Property in scale and Malaysian-focused residential development model, though Mah Sing runs a much larger project pipeline.
• TSH Resources Berhad: Malaysian-listed palm oil and bio-energy group with plantations in Indonesia and Malaysia. Comparable mid-cap Malaysian plantation peer with similar Indonesian land-bank exposure and downstream diversification.

Broad incumbents

• IOI Corporation Berhad: One of Malaysia's largest diversified palm oil groups with integrated plantations, resource-based manufacturing, and property. Comparable as a Malaysian-listed palm oil incumbent, though significantly larger and more vertically integrated than Golden Land.
• Kuala Lumpur Kepong Berhad: Large Malaysian-listed diversified group with significant palm oil plantation operations in Malaysia and Indonesia. Comparable as a Bursa Malaysia plantation incumbent with Indonesian exposure, though much larger scale.
• Sunway Berhad: Large Malaysian-listed conglomerate with significant property development, construction, and healthcare businesses. Comparable to GLB Property as a Bursa Malaysia property developer, though vastly larger and more diversified.
• Sime Darby Plantation Berhad: World's largest palm oil producer by hectarage, listed on Bursa Malaysia. Comparable as the dominant Malaysian palm oil incumbent with extensive Indonesian plantation operations, though materially larger and broader than Golden Land.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/golden-land-bhd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Golden Land