Property

PPB Group Berhad (PPB) owns and manages 4 retail/commercial properties namely:

• Cheras LeisureMall, Taman Segar, Kuala Lumpur
  A well-located suburban shopping complex with about 277,731 sf of lettable area.
• Cheras Plaza, Taman Segar, Kuala Lumpur
  A 7-storey office building with about 101,189 sf of lettable area with a mix of office, commercial and entertainment tenants.
• New World Park, Jalan Burma, Georgetown, Penang
  A retail complex in Penang with a variety of F&B outlets. It has about 62,818 sf of lettable area.
• The Whiteaways Arcade, Lebuh Pantai, Georgetown, Penang
  A heritage building which was restored in 2011. The building has about 30,433 sf of lettable area and houses retail and F&B outlets; it is also a venue for art and cultural exhibitions and mini concerts.

PPB Property Development Sdn Bhd (PPD) acts as project manager for property development projects under various PPB Group companies and affiliates.

One of its major clients is Southern Marina Development Sdn Bhd (SMD). SMD is a joint venture between Kuok Brothers Sdn Berhad, PPB and Khazanah Nasional Berhad to develop a 12.5-acre piece of freehold land in Puteri Harbour, Iskandar Puteri, Johor into a mixed development, consisting of 2 blocks of condominiums known as Southern Marina Residences, 1 block of premium condominium, 1 block of hotel and serviced apartments and a retail podium and car park. The entire development has an estimated gross development value (GDV) of RM1.4 billion. Both blocks of the Southern Marina Residences are expected to be completed by end-2018.

PPD's other projects include Megah Rise in Taman Megah, Petaling Jaya, Ponderosa Woods in Taman Molek, Johor Bahru and the Linc at the Jalan Tun Razak-Jalan Ampang junction in Kuala Lumpur.

PPD also provides sales and marketing services to the SMD and Megah Rise projects.

PPB's wholly-owned subsidiary, PPB Hartabina Sdn Bhd (PPBH) is engaged in property development.

MASERA Bukit Segar is a residential community housing development which comprises a total of 38 units of up-market bungalows in Taman Segar, Cheras developed by PPBH. The development was built in 2 phases with a total of 38 units, which have been completed and fully sold.

Taman Tanah Aman is a housing project on 29 acres of freehold land in Bukit Tengah, Seberang Prai. This project is being developed in five phases, which comprise a clubhouse, 48 units of 3-storey bungalows, 24 units of 2-storey semi-detached houses and 12 units of 3-storey shop-offices. To date, Phase 1 comprising 24 units of 2-storey semi-detached houses has been completed and fully sold; and Phase 2 comprising 14 units of 3 storey bungalows has been completed.

Megah Rise is a mixed development comprising 228 units of serviced apartments and a retail podium in Taman Megah, Petaling Jaya, Selangor. A sales gallery in Taman Megah was opened in late-2017 in connection with the soft-launch.

Seletar Sdn Bhd, a 100%-owned subsidiary of PPBH, is undertaking a mixed residential development known as Taman Sinar Mentari in Bedong, Kedah. Seletar's large land bank of 344 acres is expected to provide long-term development potential to PPB Group.