Company SSM No 1183331-M · <50 Employees · Property / Real Estate
KOPTG Iktikad Syukur Sdn Bhd (KISSB) was established to engage in real estate investment business, focusing on residential properties and land in Peninsular Malaysia. The company is involved in residential construction, land development, property acquisition and disposal, as well as retail operations. Currently, the company's primary focus is on the construction and joint venture participation in affordable housing projects within Malay reserve areas in the Klang Valley and surrounding regions, as well as across Peninsular Malaysia. There is a strong demand for residential homes and land development, particularly in the Klang Valley. The market size extends beyond the immediate vicinity, reaching areas outside the Klang Valley. Over the next five years, the company plans to concentrate on the Klang Valley market alone, as several areas within it present promising opportunities, and the demand is already established. According to data released by the Central Bank of Malaysia (Bank Negara Malaysia) and the National Property Information Centre (NAPIC), there were only 114,000 residential units offered per year in the last three years from 2014 to 2016, compared to the demand (increase in household numbers) of 154,000 units. This shortage in supply, exceeding 25 percent, signifies an opportunity for the company to capture a substantial market share. The company is confident that within five years of operation, it will turn a profit and contribute not only to stakeholders but also to the growth of the national housing industry. The company has taken the initial steps by acquiring a 1.2141-hectare parcel of land in the Sepang district and a building to realize its envisioned goals. Lot development on the Sepang land will be the company's first project to gain experience in this industry. Housing construction on the Sepang land cannot proceed at the moment due to economic challenges stemming from the COVID-19 pandemic. The sale of land in lots is expected to generate revenue for the company, enabling it to compete effectively in this business. Vision: To become a leading force in the affordable housing market within Malay reserve areas in the Klang Valley and its surrounding regions by 2025. Mission: Enhance collaboration with strategic partners to construct and sell affordable homes in Malay reserve areas in the Klang Valley and its surroundings. Increase the production of affordable homes to meet market demand in Malay reserve areas in the Klang Valley and its vicinity.
KOPTG Iktikad Syukur Sdn Bhd
Property / Real Estate