GuocoLand (Malaysia) Bhd, the property arm of Hong Leong Group, has engaged consultants to advise on developing industrial townships including potentially data centers on its sizeable land bank in Malaysia, W. Media learnt from a reliable source. An online search by W. Media revealed that as of 2021, the company owned four pieces of freehold land totalling 5,393.2 acres spread over in Jasin, Melaka; and Rawang, Sepang and Hulu Kelang in Selangor. The Sepang land occupies the largest area at 3,061 acres.
In a bourse filing this week, the developer had said it would be reviewing its landbank with a view to maximizing its land use value including developing industrial townships to support long-term growth. According to the source, data centers are potentially being considered.
GuocoLand Malaysia had reported a 38.8% year-on-year drop in its net profit for the third quarter ending 31st March, 2025 attributed to a higher tax burden of RM2.12 million compared to a tax income of RM60,000 previously. Net profit fell to RM1.8 million from RM2.94 million.
GuocoLand Malaysia is a subsidiary of Singapore-based GuocoLand Limited, a regional property player with established operations in Singapore, China, and Malaysia.