- Business
- IOI Properties Group Berhad (IOIPG) is a leading Malaysian property developer engaged in property development, property investments, and hospitality and leisure operations. The company develops and sells residential properties including high-end landed homes, condominiums, and apartments; commercial properties such as office towers and retail malls like IOI City Mall and IOI Mall Damansara; integrated townships including IOI Resort City, Bandar Puteri Puchong, and Bandar Puteri Bangi; industrial parks through its IOI Industrial Park Series; and hospitality assets encompassing hotels such as Le Méridien Putrajaya and the W Singapore – Marina View, as well as golf courses and leisure facilities. IOIPG operates primarily in Malaysia's Klang Valley, Penang, and Johor regions, with additional presence in Singapore and Xiamen, People's Republic of China, supported by a landbank exceeding 10,000 acres. Incorporated in 2013 following a demerger from IOI Corporation Berhad and listed on Bursa Malaysia's Main Market (ticker: 5249.KL), the company is headquartered at IOI Resort City in Putrajaya, Malaysia, and functions as a subsidiary of Vertical Capacity Sdn Bhd.
In recent developments, IOIPG acquired the remaining 50.1% stake in Singapore's landmark South Beach mixed-use development from City Developments Limited in June 2025 for S$834.2 million (RM2.75 billion on a 100% basis), securing full ownership of the premium office, retail, and hospitality asset and enhancing its recurring income portfolio in the city-state's central business district fringe. The group launched the IOI Industrial Park Series in September 2024 to meet rising demand for industrial facilities, alongside advancing plans for a proposed REIT listing of assets valued at RM6 billion to RM8 billion, including IOI City Mall phases 1 and 2, hotels, and office properties, as part of its deleveraging and cash-generation strategy. These moves, complemented by industrial land monetization efforts and new property launches targeting RM2 billion in FY25 sales, underscore IOIPG's focus on portfolio expansion, stable income streams, and operational resilience amid macroeconomic uncertainties.