Zelan

How their buildings read

1 poor, 1 fair, 1 good

Outcomes still vary building by building. Check the building, not the brochure.

What we found

The International Court of Arbitration ordered Zelan Holdings (M) Sdn Bhd's counterparty Meena Holdings LLC to pay 264.6 million dirhams (about RM297.6 million) to Zelan's subsidiary.

The evidence

Delivery

Negative

Zelan failed to complete a Meena Plaza mixed-use project in Abu Dhabi; the owner Meena Holdings defaulted on about RM31.88 million of payments and Zelan terminated the contract in October 2015.

Corporate continuity

Negative

In January 2026 the company announced a proposed scheme of arrangement, with a High Court case management set for 30 January 2026 and an ad interim restraining order in favour of Zelan Holdings.

3 more findings

Bursa Malaysia placed Zelan Berhad into the PN17 category after its auditor issued a disclaimer of opinion on the FY2022 accounts, requiring a regularisation plan.
Bursa's PN17/GN3 list shows Zelan Berhad still trading but with a regularisation plan pending submission to the authorities.
The FY2025 annual report, as reported, showed a RM58.8 million loss, RM331.1 million of debt and RM3.1 million cash.

Their buildings

2 Hampshire: Low-angle view of a modern residential tower with white facade and balconies against a bright blue sky.

2 HampshireKLCCSome owners found defects on their units and Zelan took longer time to rectify the defects than promised.5.6Poor

Hampshire Park: A low-angle view looking up at a cluster of high-rise residential towers, including a central tower with prominent balconies and vertical fins, flanked by two other buildings.

Hampshire ParkKLCCResidents reported mixed experiences with quality; most satisfied with workmanship but some experienced defects and slow rectification.7.3Good

Hampshire Residences: A view of a residential swimming pool area with lounge chairs and palm trees, seen from a shaded deck with an umbrella stand.

Hampshire ResidencesKLCC6.9Fair