WK Consortium Sdn. Bhd.

What WK Consortium Sdn. Bhd. does

WK Consortium Sdn. Bhd. is a privately held, family-owned property developer headquartered in Kota Kinabalu, Sabah, Malaysia, operating across the residential, commercial, and hospitality property segments. The company builds integrated townships and mid-rise developments — including Alam Pesona Putatan (a multi-phase residential township), the 1 Avenue Commercial Centre (a 295-shop-let retail block anchored by 10 Star Cinemas), 1ACC Serviced Apartments (developer-managed with homestay operations), Residensi PR1MA Kota Marudu (a 360-unit affordable-housing JV with the federal PR1MA authority), and Mamut Villa Ranau — serving first-time homebuyers, affordable-housing applicants, property investors, and commercial tenants across underserved North and East Sabah districts.

The underlying business is conventional real-estate development supported by a land bank of 30+ titles, approximately half with approved development plans, and anchored by a Letter-of-Award partnership with China State Construction (CSCEC) for main-contractor works. Notable engineering differentiators include a proprietary 10-foot monsoon drainage system at Alam Pesona Putatan that was validated during the September 2024 Kota Kinabalu floods. Headcount is reported at ~21 employees by third-party firmographic sources versus ~80 cited by the CEO.

Revenue mechanics combine three streams: one-time residential and commercial unit sales (the dominant line), recurring rental income from the 1 Avenue Commercial Centre shop-lots and 1ACC serviced apartments, and managed homestay/short-stay revenue from 1ACC. Distribution is relationship-driven — direct sales teams, physical showrooms, property fairs (e.g., the Sabah Housing & Property Expo), and event-led community engagement — with loan-application assistance and full transaction handling provided in-house to reduce buyer friction.

Name

WK Consortium Sdn. Bhd.

Legal name

WK Consortium Sdn. Bhd.

Website

https://wkconsortium.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

WK Consortium is a Sabah, Malaysia-based property developer building integrated townships, residential apartments, commercial centres, and hospitality projects. Founded in 2008, it serves first-time homebuyers, affordable-housing applicants, property investors, and commercial tenants across North and East Sabah.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Lessors of Residential Buildings and Dwellings (53111), Residential Property Managers (531311)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro industry

PRIMARYBPAJAGAE

Mixed-Use Property Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Commercial Property Management

SECONDARYBPAJAFAH

HOA / Condominium Association Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Property Management

SECONDARYBPAJAIAH

Corporate & Executive Short-Term Housing Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Vacation & Short-Term Rental Management

SECONDARYTHAMAKAO

New-Listing Onboarding, Setup & Launch Services

Travel & Hospitality/Vacation Rentals & Short-Term Stays/Vacation Rental Property Management & Co-Hosting

Keywords

• Property development
• Residential real estate
• Commercial real estate
• Integrated township development
• Affordable housing

Headquarters

HQ city

Kota Kinabalu

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Sales: Primary revenue stream from sale of residential and commercial properties including apartments, serviced apartments, terrace houses, shop-lots, and planned hotel/resort developments. Revenue is one-time at point of sale.
2. Homestay/Property Management Services: Operating homestay services for 1ACC Serviced Apartments - earning passive income for investors without them lifting a finger. Company handles full homestay operations including tenant finding and rental process completion.
3. Commercial Centre Tenant Rental: 295 3-storey shop-lots at 1 Avenue Commercial Centre generate rental income from tenants including 10 Star Cinemas, Uncle Bob's Chicken, Klinik Dr. Ko, 99 Speedmart, Mondou Gym, and others.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

WK Consortium develops, sells, and manages integrated residential, commercial, and hospitality real estate across Sabah, Malaysia. The portfolio includes gated-and-guarded apartments (Alam Pesona, 1 Avenue Residence), fully furnished serviced apartments with developer-operated homestay services (1ACC), affordable housing under a joint venture with PR1MA, commercial shop-lots (1 Avenue Commercial Centre), and planned resort and hotel developments (Avery Resort, Marimbau Resort, 1 Avenue Hotel & Suites). The company provides end-to-end purchase assistance including loan applications, SPA documentation, and post-sale rental or homestay management.

Product overview

WK Consortium Sdn. Bhd. is a Sabah-based property developer offering a diversified portfolio of residential, commercial, and hospitality developments. The portfolio includes completed residential projects (Alam Pesona Putatan with 400 units, 1ACC Serviced Apartments with 51 fully furnished units, Residensi PR1MA with 360 affordable units, and Mamut Villa with 23 terrace houses); ongoing projects (1 Avenue Residence with 150 units and Alam Pesona Ph 2 with 460 units); and planned future developments (Mamut Residences, Alam Pesona Sandakan, Marimbau Resort Kudat, Avery Resort Kundasang, Avery Resort Tuaran, and 1 Avenue Hotel & Suites). Commercial offerings center on 1 Avenue Commercial Centre with retail shoplots and the pioneering 10 Star Cinemas. The company positions itself as a provider of affordable and luxury property solutions across Sabah, with an emphasis on integrated township developments.

Differentiator

Problem solved

Functional benefit

Brands

• 1ACC (1 Avenue Commercial Centre): Complete township concept featuring 3-storey shop-lots, designated office blocks, 10 Star Cinemas (first cinema in Northern Sabah), and various retail tenants including gym, restaurants, and services.
• Alam Pesona
• 1 Avenue Residence
• Avery Resort
• Marimbau Resort
• 1 Avenue Hotel & Suites

Products and services

• Alam Pesona Putatan Phase 1 Completed residential apartment project of 400 units in Putatan, Sabah, approximately a 20-minute drive from Kota Kinabalu City. Features a 3-storey clubhouse with gym, swimming pool, yoga room, karaoke room, movie theatre, and retail shops within a gated community. All Phase 1 units fully sold.
• Alam Pesona Putatan Phase 2 Ongoing residential development of 460 apartments in Putatan, Sabah, building on Phase 1 success. Features rooftop lounge with BBQ facilities and a brand-new eco-deck with basketball court, tennis court, jogging track, playground and eco-garden, alongside Phase 1 clubhouse amenities. Estimated completion 2028 with stated ROI of 14-16% over 5 years.
• 1 Avenue Residence Ongoing residential project in Kota Marudu offering 1 to 3 bedroom apartments with condominium-like facilities including lift, basketball court, outdoor fitness suite, BBQ area and playground, within a gated and guarded community within walking distance of 1 Avenue Commercial Centre. Prices range from RM258,888 to RM443,888 with estimated annual ROI of 15-16%. Estimated completion September 2026.
• 1ACC Serviced Apartments 51 fully furnished serviced apartments at 1 Avenue Commercial Centre Kota Marudu offering 2-3 bedrooms with Smart TV, fridge, washing machine, built-in kitchen cabinets and wardrobes, stove top and gas hood, sofa, dining set, and coffee table. Developer-managed homestay operator services provide buyers with passive rental income (reported RM2,000 to RM3,000 monthly) without self-management.
• 1 Avenue Commercial Centre Completed commercial development in the heart of Kota Marudu town comprising 295 three-storey shop-lots with 350+ parking spaces. Houses key tenants including 10 Star Cinemas, Dr. Ko Clinic, Uncle Bob's Chicken, 99 Speedmart, Mondou Gym and J&T Express. Designed as a complete township anchor with designated office blocks, gym, laundromat, restaurants and event halls.
• Residensi PR1MA Kota Marudu Joint venture with public sector partner Perbadanan PR1MA Malaysia delivering 360 units of affordable apartments in a gated community in Kota Marudu. Includes family-friendly facilities such as multipurpose court, playground, nursery, kindergarten and surau, located near 1 Avenue Commercial Centre. WK Consortium's first joint venture with the public sector for affordable housing.
• Mamut Villa Ranau WK Consortium's maiden project in Ranau, consisting of 23 units of single and double-storey terrace houses offering resort-style living with outdoor patio entertainment areas. Completed in 2012.
• 10 Star Cinemas at 1 Avenue Commercial Centre Anchor cinema tenant at 1 Avenue Commercial Centre Kota Marudu, operated by 10 Star Cinemas Sdn. Bhd. (subsidiary of Melewar Industrial Group / MAA Group Berhad). Six screening halls with seating capacity up to 500 customers, pioneering cinema presence in Northern Sabah. Operates as a commercial anchor within WK Consortium's township development.
• Mamut Residences Ranau Future planned 7-storey apartment building with 108 units in Ranau, featuring its own carpark and guardhouse. Positioned to provide affordable modern homes and upgrade lifestyles in Ranau town.
• Alam Pesona Sandakan Future planned 232 units of single-storey terrace houses adjacent to Sandakan Education Hub. Designed with quirky contemporary aesthetics targeting university students and young residents.
• Marimbau Resort Kudat Future planned landscape boutique resort in Kg. Marimbau spanning 58.75 acres with a TOL coastal area, comprising 36 private villas. Includes sunset bar, spa, floating decks, beach clubhouse, swimming pools, BBQ pit and helipad, targeting tourism near Tip of Borneo and Kundasang attractions.
• Avery Resort Kundasang Future planned luxury resort featuring 54 private villas with spa facilities and in-house diner, located near Tip of Borneo to attract domestic and international tourists.
• Avery Resort Tuaran Future planned 22 units of single-storey detached homes with 2-3 bedrooms targeting family travellers seeking peaceful getaways in Sabah's natural surroundings.
• 1 Avenue Hotel & Suites Future planned 10-storey hotel and suites in Kota Marudu, the first 10-storey building in the district. Offers up to 4-bedroom suites and apartments with fully equipped kitchens, the district's first rooftop swimming pool, rooftop bar and bistro, and customizable event space for weddings, conferences and parties.

Quantifiable outcome

• 14-16% estimated ROI over 5 years for Alam Pesona Phase 2 units
• +5 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered minor and core.

• YB Datuk Julita Mojungki (Deputy Finance Minister 1 Sabah)minorOthers · 29 June 2024Government representative who attended and spoke at the grand opening of 10 Star Cinemas and 1 Avenue Residence launch, endorsing the company's efforts to improve economic development in Kota Marudu.
• 10 Star Cinemas Sdn. Bhd. (subsidiary of Melewar Industrial Group Berhad)coreChannel Partner/ Reseller/ Distributor · 1 April 2024First cinema in Northern Region of Sabah opened April 2024 at 1 Avenue Commercial Centre. Executive Chairman Tunku Dato'Yaacob Khyra of MAA Group Berhad. Cinema features 6 screening halls with capacity of up to 500 customers. Grand opening June 29, 2024.
• Monaco Economic ForumminorOthers · 27 November 2023CEO Madam Aidah Wong participated in Monaco Economic Forum 2023, meeting H.S.H Prince Albert II of Monaco at Mandarin Oriental Kuala Lumpur. Event convenes global thought leaders for discussions on economic matters.
• MAA Group Berhad (Melewar Industrial Group)coreChannel Partner/ Reseller/ Distributor · 2 July 2023Parent company of 10 Star Cinemas. Tunku Dato'Yaacob Khyra, Executive Chairman of MAA Group Berhad, visited 1 Avenue Commercial Centre to announce the opening of the first community cinema in northern Sabah.
• China State Construction Engineering (M) Sdn. Bhd.coreImplementation/ SI/ Consulting Partner · 13 December 2019Construction partner for Alam Pesona development. LOA signing ceremony took place at the office of China State Construction Engineering (M) Sdn. Bhd. on December 13, 2019, marking the beginning of partnership for construction of Alam Pesona Putatan.
• PR1MA (Perbadanan PR1MA Malaysia)coreStrategic or Co-development PartnerJoint venture with public sector to provide affordable housing. Residensi PR1MA Kota Marudu is the company's first joint venture with the public sector, providing 360 units of affordable apartments to the people of Kota Marudu.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Gadang Holdings Berhad: Small-to-mid cap Malaysian developer combining property development with construction services, similar in regional focus and family-controlled governance structure to WK Consortium.
• Matrix Concepts Holdings Berhad: Mid-tier Malaysian property developer focused on integrated townships in Negeri Sembilan, with comparable scale, mixed residential-commercial product mix, and a regional rather than Klang Valley focus.
• Tambun Indah Land Berhad: Regional Malaysian developer focused on affordable and mid-market residential in Penang mainland, with similar township-development model and tier-2 city focus.
• Crescendo Corporation Berhad: Regional Malaysian property developer with comparable mid-market positioning, focused on integrated developments outside the Klang Valley core.

Broad incumbents

• UEM Sunrise Berhad: Large Malaysian developer with mixed residential and commercial township projects, comparable integrated master-planned community model though primarily in Johor.
• Mah Sing Group Berhad: Mid-to-large Malaysian developer focused on affordable and mid-market residential in township settings, with a comparable product positioning though at greater scale and geographic reach.
• IOI Properties Group Berhad: Major Malaysian developer with integrated townships across the country, offering comparable mixed-use (residential + commercial) development DNA at much larger scale.
• Sime Darby Property Berhad: Major Malaysian township developer with broad portfolio of integrated developments, comparable in product structure (residential + commercial in planned communities) but at significantly larger scale.
• SP Setia Berhad: One of Malaysia's largest property developers with township developments nationwide, providing the macro benchmark for integrated township economics that WK Consortium operates at a smaller scale.

Regional players

• Hap Seng Consolidated Berhad: Diversified Malaysian conglomerate with property development operations and significant Sabah presence (plantations, automotive), providing a regional peer with overlapping Sabah footprint and broader scale.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/wk-consortium-sdn-bhd

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 WK Consortium Sdn. Bhd.