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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.

 

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.

The major project on the island, DESARIA, is located within the fast growing area of Sungai Ara with total land bank of 350 acres. This township comprising of various mixed development is also in close proximity to the indoor stadium, Penang International Sport Arena (PISA), Pantai Mutiara Hospital, Penang International Airport, International College, Equatorial Hotel, Industrial Park, golf courses, school and other public amenities.
   

Below are various types of residential and commercial properties completed todate:

DESARIA DEVELOPMENT
I. COMPLETED WITH CERTIFICATE OF FITNESS
1. 44 units double storey terrace houses 15. 6 units bungalows
2. 102 units semi detached 16. 25 units 3 storey shop-office
3. 25 units 3 storey shop-houses 17. 54 units Cypress Garden
semi detached
4. 34 units double storey link houses 18. 1 unit Cypress Garden bungalow
5. 400 units 5 storey Springfield Condominium 19. 142 units resettlement houses
6. 359 units 5 storey Sri Merpati
Low Cost Flat		 20. 250 units Vistaria Condominium
7. 15 units low cost flat shop-lots 21. 285 units Sri Merpati Low Cost Flat
8. 15 units light industries 22. 48 units Suria 26 terrace houses
9. 44 units double storey terrace 23. 90 units Peral View Condominium,
Tg Bungah
10.

165 units link houses (Type A, B and C)

 24. 529 units Regency Heights Condominium
11. 108 units Townhouses 25. 234 units Sri Puteri low cost flat
12. 48 units Lagenda townhouses    
13. 98 units Suria terrace houses    
14. 150 units 10 storey Sri Kenari Apartment    
 
II. PROJECT UNDER CONSTRUCTION
1. 38 units Semi Detached Houses Rain Tree Garden    
2. 22 units Palm Garden II Terrace House    
3. 12 units 3 storey Shop Office    
III. UP-COMING PROJECTS
1. 8 units Bungalows 5. 195 units Luxurious Condominium,
2. 6 units Semi Detached Houses   Fettes Residents, Tg. Tokong
3. 128 units Stramex Terrace Houses    
4. Cypress Garden II - Semi Detached    
       

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