OSK expects steady progress across its core business divisions


OSK Group managing director Ong Ju Yan.

PETALING JAYA: OSK Holdings Bhd will be entering 2026 with a measured but constructive outlook, supported by steady progress across its core business divisions.

Group managing director Ong Ju Yan said under the property segment, the group expected market conditions to gradually improve following what has been a “bottoming out year in 2025”.

“The launch pipeline for 2026 remains well supported by ongoing development clusters in the Klang Valley, Negri Sembilan, Penang and Kedah.

“We expect to launch RM1.7bil worth of gross development value in 2026, covering the aforementioned states and re-entering Pahang with the last phase of our Kuantan development,” he said in the company’s annual report yesterday.

In Australia, Melbourne Square is progressing towards the launch of the fourth tower in the first quarter of 2026.

“Within the financial services segment, the private credit business is expected to continue its growth trajectory across Malaysia and Australia, supported by disciplined underwriting and a growing customer base.

“The recent acquisition of Wilayah Credit broadens our product offerings, while our consumer financing arm is expected to deliver further growth across underserved borrower groups.”

In Australia, Ong said the business will work towards launching its first third-party fund management in 2026, providing a pathway for a gradual shift towards an asset management model.

“Our Singapore platform is in its early stages and will serve as a springboard into the countries in the Asean region.”

Ong said the industry segment is expected to benefit from the stabilisation of Johor Baru factories and Melaka plant.

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