KUALA LUMPUR (March 5) — Property developer Bedi Bhd, formerly known as WMG Holdings Bhd until September 2025, has entered into an agreement to acquire an 8.7-acre parcel in Penampang, Sabah, for RM15.92 million.
The land, located in the Bukit Padang area, is earmarked for future mixed-use development as part of the company’s broader strategy to strengthen its landbank in strategic growth locations.
The transaction is being undertaken via Bedi’s subsidiary, Wah Mie Realty Sdn Bhd, which has signed a sale and purchase agreement with five individual vendors. The 8.7-acre site forms part of a larger 15.99-acre tract, which will be subdivided into two lots prior to completion.
At RM42 per square foot, the purchase reflects the company’s intention to secure land at a competitive entry price ahead of future development planning. The deal is expected to be finalised in the second quarter of the year and will be financed through a combination of internal funds and bank borrowings.
Bedi’s latest acquisition comes after a notable financial turnaround. Following a change in its financial year end to March in 2024, the group reported a net profit of RM24.5 million for the 15-month period ended March 31, 2025, supported by revenue of RM181.11 million.
As at end-December, the company held RM66.44 million in cash, with total borrowings of RM102.28 million. Its shares closed at 41.5 sen, giving it a market capitalisation of approximately RM355.58 million.
The return to profitability after nearly a decade of losses signals renewed momentum and provides greater flexibility for land acquisitions and project launches.
Although the acquisition is in Sabah, the move reflects a broader trend among Malaysian developers — securing well-located land early to position for future mixed developments.
This strategy is highly relevant for investors and developers active in:
Industrial land in Selangor
Commercial property in KL
Office space in Bukit Jalil
Factory in Puchong
Industrial property in Subang area
Across Klang Valley growth corridors such as Bukit Jalil, Subang, Shah Alam, and Puchong, landbanking remains a key competitive advantage. Developers who secure sites early can better manage cost structures, optimise master planning, and time project launches according to market cycles.
In high-demand regions like Kuala Lumpur and Selangor, strategic land acquisition is often the foundation of sustained growth. For example:
Industrial land in Selangor continues to attract logistics operators and manufacturers due to strong highway connectivity and proximity to Port Klang.
Demand for factory in Puchong and industrial property in Subang area remains resilient as businesses prioritise accessibility and established industrial ecosystems.
Office space in Bukit Jalil and commercial property in KL benefit from infrastructure upgrades and expanding residential catchments.
By expanding its landbank, Bedi mirrors the approach commonly seen among developers operating in prime Klang Valley locations — securing land first, then unlocking value through phased development.
As Malaysia’s property market evolves, particularly in urban and industrial hubs, developers are increasingly focused on:
Cost-efficient land acquisition
Mixed-use integration
Sustainable master planning
Long-term asset value creation
For investors tracking opportunities in industrial land in Selangor or commercial property in KL, this latest transaction reinforces an important principle: land remains the core asset in property development.
Whether in Sabah or within established Klang Valley townships like Bukit Jalil, Subang, or Puchong, the ability to secure strategic parcels at the right price often determines future project success.
In today’s competitive market, disciplined landbank expansion is not merely about growth — it is about positioning for the next development cycle.
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