IOI Properties Group Berhad (“IOIPG”) listed successfully on the Main Market of Bursa  Malaysia as one of the largest property companies in the country.


IOI Corporation Bhd through its subsidiary, Multi Wealth (Singapore) Pte Ltd, had successfully won the tender for a 24,417.6 sq m of land at Jalan Lempeng in Singapore for S$408 million (RM995.5 million). The 99-year leasehold land near Clementi Town Centre is intended for residential development comprising of condominiums units.

The newly refurbished 18-hole Palm Garden Golf Club at IOI Resort City was officially opened to public on 1st April.

IOI Corporation Bhd’s 99.8% owned Palmy Max Ltd received approval to set up IOI Xiamen (Properties) Co. Ltd in Xiamen in the People’s Republic of China. Incorporated on 27 September 2012 with a total registered capital of USD 250 million, IOI Xiamen will undertake a mixed-use development in Jimei District in Xiamen.


IOI entered into a joint venture with City Development Limited for the development of a piece of land located along Beach Road Singapore (South Beach Project) which include the development of premium office space, luxury hotel, high-end retail outlets and prestigious city residences.


IOI Properties (Singapore) Pte Ltd and Ho Bee had successfully jointly tendered for the Pinnacle Collection, a 5.3-acre 99-year leasehold land parcel located at Sentosa Cove, Singapore for a total consideration of SGD1,097,499,999 for a luxury condominium development.

IOI Properties Bhd’s subsidiary Multi Wealth (S) Pte Ltd has acquired 53% interest in Mergui Development Pte Ltd. A joint-venture company that would buy of a freehold parcel at Mergui Land in Singapore and redevelop it into high-rise residential project.


The Group acquired a 2,600 sq.m. piece of land at Middle Road, Singapore where a 12 storey office block called “IOI Plaza” has been completed.