Damansara land tycoon
The name Malton Berhad will resonate very well with Malaysians because of its high profile commercial and private real estate projects. This includes the Pavilion Shopping Centre in central Kuala Lumpur and the very highly anticipated Pavilion 2 project. The man behind the success of Malton Bhd is Datuk Desmond Lim Siew Choon.
That which makes Malton so successful is the fact that besides holding some of the top properties in Malaysia, it has developed a large part of the Damansara and the surrounding areas. Compared to the other tycoons in Malaysia, Datuk Desmond is not always under the limelight despite holding the 16th position among the richest. He is a major shareholder in Nan Hai of Hong Kong where is largely involved in the retail industry.
With a large pool of land banks in the books, Malton Bhd continues to grow in numbers in recent years and the near future. Besides that, projects like Pavilion 2 are located in prime areas of the Klang Valley which provides a lot of potential and value proposition for the company.
Datuk Desmond Lim’s Net Worth
$905 Million
Age 55
Source Of Wealth
With his affiliation with Malton Bhd, Datuk Desmond’s main source of wealth is from his property development projects. However, he has been linked with other business interests including his recent acquisition of the beauty brand Crabtree and Evelyn.
Residence
Kuala Lumpur
Citizenship
Malaysia
Marital Status
Datuk Desmond is married
Children
No data is currently available about his children
Education
Datuk Desmond holds a degree from the University of Central Oklahoma, USA.
