About Aspen Group

We are a property development and real estate investment group founded on a vision to provide affordable homes with uncompromising top-notch quality for all Malaysians. Our group operation strategy focuses on affordable housing and mix development in providing a platform to public and private land owners a sustainable business model that not only maximises the full potential of the development but also to engineer the most suitable products that meet the requirements of the local geographic, culture, community needs, income levels, policy makers and local council guidelines. Aspen Group boasts an outstanding in-house team that is made up of financial managers, architecture, engineering, construction, interior design and sales & marketing. This fusion of many talents ensures our control over construction processes to deliver a timely and quality product.

Our Vision & Mission

Here at Aspen, we take pride in what we do and we show it through the care, trust, passion and humility we exhibit with our customer & clients, our stakeholders and the community. Our core values represent our fundamental philosophical convictions and aspirations. They are foundational, enduring and meant to guide us through in all our business endevours.

Our Vision
Quality and affordability for everyone

Our Mission
To be the first in the industry that champions and offers unequalled quality and affordability for everyone and empowering lives.

An organization any organization is nothing more or less than the people who make it up.

This is about effort; we are here to provide value to all stakeholders, to the end user, to the policy makers, to the people of Aspen and to the community where we work.

We are here to lead, to be the best, nothing less.

If we are to compete effectively in the next century, we will be a global company. Our team will reflect Malaysians with global backgrounds and experiences. Aspen Shareholders and Board of Directors possess very diverse and rich range of experiences in both public and private sectors. The best of this will reflect in each and every endeavour undertaken by the group.

AG Developments




TRI PINNACLE- Located in the premier part of town, residents of this urban housing will be very fortunate to able to have access to many conveniences within a short driving distance. Highly sought after, properties located at Tanjung Tokong cater for those looking for the best. TRI-Pinnacle is perfect for those who seek a more relaxed living away from the hustle and bustle of the city and still be spoiled with numerous amenities close by to fulfil every resident's social needs.

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Beacon - The newest addition to the many beautiful landmarks in the heart of George Town. Located well along Jalan Sungai Pinang, Beacon is a freehold development that is designed with a unique facade that is sure to outshine others.

*Expected debut end 2014

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HH Residence

Coming Soon, Stay Tuned!

*Expected debut end 2014

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Aspen Vision City

Coming Soon, Stay Tuned!

*Expected Phase 1 debut in end 2014

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News & Events

Keep up to date with what's going on, and find out how Aspen Group is staying ahead.

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Visit any of our galleries to see what is happening here at Aspen Group.

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Contact Us

For further information about Aspen Group or our projects, please feel free to contact us .

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Join Us

Aspen Group aims to be one of the market leaders in not just the property development industry, but to pave the headway for our future generations.

We offer career opportunities that are second to none and a range of eco-friendly projects that will challenge and stretch you. We actively encourage personal development and training. If you are ready to take ownership of your job and handle the high expectations we demand from each other to deliver nothing but the best, then join us and help us make positive changes all around. We have excellent working conditions in modern offices, the best tools for the job and management support every step of the way.

Aspen Group is changing the face of development in Malaysia starting in Penang. We undertake some of today's most exciting and challenging green urban regeneration projects, bringing new life to towns and cities across the country.

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Guess Who Is Coming!

latest News - 7 January 2013

IKEA’s Entry Into Batu Kawan Is A Vote Of Confidence For Penang And A Boost To Making Seberang Perai As The Future Choice For Investments, Tourism & Habitat For Sustainable Living

The State Government and PDC’s strategic plans for Batu Kawan will receive an additional boost with the sale of 245 acres of land for the purpose of development of an integrated shopping mall, anchored by an IKEA store to be developed by Ikano Pte Ltd, and mixed development of offices and residences to be developed jointly by Aspen-Ikano (a joint venture company to be formed by Aspen Vision Land Sdn Bhd and Ikano Pte Ltd).

At the press conference, Chief Minister Lim Guan Eng, in welcoming this new investment by Aspen and Ikano, said the 245 acres development in Batu Kawan will include: • 30 acres for the development of IKEA Store and phase 1 of the Shopping Mall • 45 acres for the development of phase 2 of the Shopping Mall; and • 170 acres for mixed development purposes (Remaining Parcels) 

The total land cost for the project is RM 483,951,600 and payment is to be made within 60 months from the date of Agreement. A RM 5 million non-refundable deposit has also being paid to PDC. 

Also present in the press conference were PDC General Manager Dato’ Rosli Jaafar, Aspen Group Founder and Group CEO Dato’ M Murly, Aspen Group Co-Founder & Chairman Dato’ Seri Nazir Ariff, Executive Directors Dr. Lim Su Kiat and Mr Lee Peng Cheong and General Manager Ir Woo Kok Weng.

Chief Minister Lim Guan Eng informed that the entire commercial and mixed developments on the 245 acres of land are expected to be completed within 10 years from the date of Agreement. Notwithstanding that, the IKEA Store is to be developed and completed within the time frame mutually acceptable by both parties. The time frame that all parties are targeting at is about 5 years or sooner, depending on various surrounding, economic and demand factors.

Aspen and Ikano are expected to submit their development plans to Local Authorities this year and estimated to commence development activities by end of the year or early next year. In line with Aspen’s vision and strategies, a major part of the residential component will cater for the mass market with affordably priced and quality eco-friendly homes. 

This development is in line with PDC’s policy to promote and sell land to attract catalyst projects to Bandar Cassia, Batu Kawan. In doing so, PDC plans to provide services that will help complement the Industrial development sector for example in developing commercial centres, premium designer outlets, specialist hospital and international schools. 

Over the past years, the state government and PDC have been successful in wooing marquee investors to develop key projects in Batu Kawan. 

The success story is inclusive of the planned development of  educational investments and facilities such as KDU University College, University of Hull which will establish their school of Engineering, Accountancy, Law, Business Studies and Logistics. 

To complement this rapid development, the state government and PDC have also planned for the development of 11,800 units of public housing (less than RM 72,000 per unit) and affordable housing (between RM 72,000 – RM 250,000 per unit), thus setting the road map to make Batu Kawan a quality residential area for the future. 

Penangites have waited for many years for IKEA to open for business. Penang is proud that IKEA has chosen Batu Kawan as the first IKEA store outside Kuala Lumpur. With IKEA’s presence, the state government hopes that PDC will succeed in its efforts to make Batu Kawan a more attractive place for those from the island to live, learn, work and play. 

With an integrated commercial, advanced manufacturing and services hub together with good universities setting up shop in Batu Kawan, Seberang Perai Selatan would be as good as those from other parts of the state. The total value of IKEA investments will be made known when their key management personnel visits me next month. 

The state government is confident that the entry of IKEA into Batu Kawan is a vote of confidence for Penang and a boost to making Seberang Perai as the future choice for investments, tourism and habitat for sustainable living.  


The Star - 5 April
Outdoor fun for children from charity homes

Sin Chew Daily - 2 April
Aspen Group 興5中心儿童齊歡樂

Business Times - 5 February
Bridge of opportunity

Guang Ming Daily - 11 January

Utusan - 11 January
IKEA bakal dibuka di Pulau Pinang

Berita Harian - 11 January
IKEA di Batu Kawan

Oriental Daily - 11 January
宜家入驻槟州 放眼5年内建竣

The Star - 11 January
IKEA to set up store in Penang

Malay Mail - 11 January
Ikea to open in Penang

Kwong Wah Yit Poh - 11 January

New Straits Times - 11 January
Aspen Vision partners Ikano to spearhead growth in Batu Kawan

Sin Chew Daily - 11 January

China Press - 11 January
IKEA 进军槟城


The Star - 20 January 2014
Penang's second bridge boosts land prices

Business Times - 20 January 2014
Real estate seen booming in Batu Kawan

Malaysia Chronicle - 15 January 2014
Real estate BOOM seen in Batu Kawan after Ikea news

Guang Ming Daily - 11 January 2014

The Malay Mail - 10 January 2014
IKEA to open doors in Penang soon

Abnxcess - 10 January 2014
IKEA to open doors in Penang soon

The EDGE Malaysia - 10 January 2014
IKEA to open doors in Penang soon

The Sun - 10 January 2014
IKEA set to open in Penang


AMResearch - 23 January 2014
Property Sector



Press Release

Coming Soon!!



Head Offices

Aspen Group,
17 Green Mansion, Jalan Birch,
10250 George Town, Penang, Malaysia.

T +604 227 5000
F +604 227 5005
E enquiry@aspen.com.my

Get In Touch

Aspen Group's Privacy Policy For Property Development

Your personal data (“Personal Data”), collected through various forms but not limited to, online registrations, surveys, sales forms, advertisements, sales and marketing agents and/or any other form of information collection method, which we Aspen Group and our subsidiaries, affiliates, associates, and/or other members within the Aspen Group of companies (collectively referred to as “us”, “our” or “we” in the Privacy Policy), will be processed for the purpose of providing you with information(s) on our products and/or services but not limited to others matters for the purpose of providing you with competent and/or complete information(s) that may be of interest to you and/or other purposes stated in our Personal Data Protection Policy (“Purpose”)

Personal Data may be disclosed to third parties such as to subsidiaries, associates, affiliates and/or members within Aspen Group of companies, joint venture partners, proprietors, the Joint Management Body, management corporation, authorities, local council, banks, public amenities and utilities providers, sale and/or sul-sale and/or refinancing lawyers, our contractors, and/or service providers and such other classes of third parties referred to in our Personal Data Protection Policy, which may be located within or outside of Malaysia.

Should you intend to halt or revise your Personal Data or limit the processing thereof at any time, you are hereby requested to submit a written request to us via:-

Person-in-Charge        : Personal Data Protection Officer
Tel No.                         : +(604)227 5000
Fax No.                        : +(604)227 5005
Email                            : pdpa@aspen.com.my

Any inquiries or complaints with respect to your Personal Data should also be channelled to us in this manner. You represent and warrant that the consent of third parties (e.g. your emergency contact person, tenant, authorised representatives, contractors, lawyers, financiers) whose personal data you have provided and disclosed to us have been sufficiently obtained to allow us for processing.

Please note that it will be necessary for us to process your Personal Data for the Purpose, without which we will not be able to carry out the Purpose.

We trust that you will consent and agree to the terms above with respect to the processing of your Personal Data by us. If we do not receive any response from you on the above, we shall assume that you are agreeable to the same.

Our Purpose(s) For The Collection Of Personal Data

- We believe our customers and potential customers should receive updated information(s) about us listed but not limited to the Purpose(s) as below:-

- To inform existing customers/potential customers/individuals that have registered their interest(s) of our current and future services or products as well as the introduction of new launch products, activities, and promotions;

- To prepare and implement all the necessary documents and agreements such as sale & purchase transaction and obligations under the Agreement, if necessary, the use and management of our business nature including, but not limited to sales management and property management, as well as the resale of the transaction, the auction to finance and sales;

- To inform and collect outstanding payments from purchasers upon claims of progress billing as stipulated in the agreements;

- To inform purchasers during vacant possession, keys handover, property management, customer care and/or defect rectification works;

- For property management services, such as club house services, security services and others;

- For our internal record keeping, to maintain and update our customers and potential customers’ details;

- For the purpose of surveys, the products and/or services of market research, statistical analysis and as well as conducting marketing, client profiling and business development activities;

- To inform customers of any particular service(s) or product(s) offered by our business partner(s);

- To administer and carry out our customer and prospective customer relationship management procedures; and For any legal or regulatory requirements, and shall be in accordance with any applicable legal requirements such as the law, by-law-regulation(s), court order, direction, guideline, circular and/or code for the purpose of crime preventions.

Our Purpose(s) For The Collection Of Personal Data

To process your information/data as best as we can, the following information/data are collected:-

NRIC number;
Passport number (if applicable);
Email address;
Date of birth;
Marital status;
Income range;
Telephone number;
Mobile/ hand phone number;
Loans/financing taken in relation to purchase of property; and
Social networking address

* NOTE:- The above information/data are not exhaustive and we may be required to collect additional information/data for better processing

Our Disclosure Policy

Your Personal Data are kept confidential. However, by registering, you consent to the disclosure of Personal Data to the following third party within or outside of Malaysia for such for or relating to the following purpose(s):- Our subsidiaries, associates, affiliates and/or members within the Aspen Group of companies, our joint venture and/or business partners, the relevant landowner, Joint Management Body and/or management corporation, contractors and service providers, including but not limited to auditors, consultants, accountants, lawyers, financial and professional advisers, lenders, insurance companies and property management companies, public amenities and utilities providers, including but not limited to Indah Water Konsortium, Perbadanan Bekalan Air Pulau Pinang Sdn Bhd and Tenaga Nasional Berhad; and/or any party(ies) to whom we are under a legal requirement to disclose the Personal Data to by applicable law or in response to an authoritative body, including government agencies, statutory authorities, local councils and/or industry regulators including but not limited to the land office, the land registry, the Ministry of Urban Wellbeing, Housing and Local Government, the Employees Provident Fund Board the Inland Revenue Board, as well as to any other third party pursuant to any court order.