Palmex Industries Sdn Bhd, a wholly owned subsidiary of IOI OLEOCHEMICAL INDUSTRIES BERHAD, formerly known as Palmco Holdings Berhad had been established in property development for the past decades. Various project had been completed on the mainland and on the island since then.
The major project on the island, DESARIA, is located within the fast growing area of Sungai Ara with total land bank of 350 acres.
On the mainland, the completed schemes were residential development at Taman Bukit Indah in Bukit Mertajam, Prai Garden, Jalan Baru and a joint-venture development in Alor Malai in Alor Setar.
Regency Heights, Vistaria Condominium, Springfield Condominium, Sunrise Garden, Pearl View, Sri Merpati, Sri Kenari, Sri Puteri, Cypress Garden, Suria 26, Palm Garden, Raintree Garden, Lagenda Townhouse
On-Going / Up-Coming Project
Palm Garden II, Cypress Garden II, Fettes Residences, Stramex Terrace Houses