01/05/2025

PROPERTY THURSDAY | MAY 1, 2025

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Sunsuria arrives in Kwasa Damansara

factories, industrial plots, shop offices and R&D centres, designed to support growing businesses. Its clustered masterplan fosters business synergies, complemented by centralised amenities such as dedicated labour quarters & centralised heavy vehicle parking to support operational efficiency. Positioned within MVV2.0, VBP benefits from direct access to the Nilai-Labu-Enstek Road (NLE), facilitating seamless transportation to key industrial and logistics hubs such as Nilai Inland Port, KLIA and klia2. In addition, the NLE Road connects VBP to the North South Expressway enhancing logistics efficiency for regional and international trade. Beyond its accessibility, VBP is designed with sustainability in mind, setting a new benchmark for industrial zones. The incorporation of green & blue lifestyle linkages enhances the business environment with integrated green spaces, water features and eco friendly infrastructure. the ethos of Green, Connected and Inclusive,” said Kwasa Land managing director Datuk Adenan Md Yusof. “Together, we will create spaces that not only reflect innovation and growth but also foster community engagement and environmental responsibility. We are excited about the positive impact this partnership will have as we continue to share a future that reflects our shared values and vision for Kwasa Damansara,” he added. Sunsuria Bhd group CEO Tan Wee Bee said their development in Kwasa Damansara will offer a thoughtful mix of terraced housing and high-rise residences, designed to support multi generational living and provides a nurturing environment where families can grow, interact, and thrive together while embracing sustainability and modern conveniences. “Our proven track record with landmark developments such as Sunsuria City, Bangsar Hill Park, and Sunsuria Forum reflects our commitment to delivering innovative and inspiring spaces. We are delighted to embark on this strategic partnership with Kwasa Land and

o Partners EPF Board subsidiary to develop RM492 million residential project in township

SEREMBAN: Sime Darby Property Bhd marked a major milestone with the groundbreaking of Vision Business Park (VBP), the latest industrial development within Malaysia Vision Valley 2.0 (MVV2.0). This project is part of the MVV2.0 project is poised to strengthen Negeri Sembilan’s position as a key industrial hub in Malaysia. The event was officiated by Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun, and attended by state officials and other dignitaries. Spanning 760 acres with an expected GDV of RM2.4 billion, VBP is anticipated to generate 15,000 job opportunities, contributing to Negeri Sembilan’s economic expansion. The project aligns with the state’s economic vision of attracting RM294 billion in investments and creating 600,000 jobs. VBP is also part of a strategic step in realising the phased development of MVV2.0, which spans 379,100 acres in Negeri Sembilan. The company has developed over KWASA DAMANSARA: Kwasa Land Sdn Bhd, a wholly owned subsidiary of the Employees Provident Fund Board and the master developer of Kwasa Damansara, recently inked a strategic partnership with Sunsuria Damansara Sdn Bhd (formerly known as Consolidated Factoring (M) Sdn Bhd) for a new residential development in the township. With a Land Consideration Value of approximately RM89 million, Sunsuria’s maiden foray into Kwasa Damansara will entail the construction of landed homes as well as a condominium on a land area of 9.464 acres. The upcoming development will feature 520 residential units, with an estimated GDV of RM492 million. Designed for individuals and smaller families seeking an urban lifestyle, the project will incorporate modern amenities and sustainable features to promote a balanced and connected living environment. The project will

6,000 acres in Negeri Sembilan and is now expanding its footprint through industrial development in Southern Nilai. Sime Darby Property Group managing director and CEO Datuk Seri Azmir Merican, said, “Vision Business Park is a key step in our commitment to industrial development, supporting Negeri Sembilan’s economic transformation. As a future-ready industrial hub, VBP will attract businesses, create jobs, and strengthen the state’s position as an industrial growth centre. Building on the success of Hamilton Nilai City, operational since 2021, VBP supports the growth of light and medium industries, driving innovation and expansion.” VBP features an 80:20 industrial-to commercial ratio, offering 623 acres for industrial opportunities and 137 acres for commercial businesses that cater to businesses of all sizes. The development provides a comprehensive industrial ecosystem featuring ready-built be delivered in phases, with the first phase expected to launch in the third quarter of 2026. Strategically located near mature neighbourhoods such as Kota Damansara, Tropicana, Subang Bestari, and Sungai Buloh, the site enjoys proximity to retail, dining, and commercial hubs. Future residents will benefit from excellent connectivity via two MRT stations linked to the Putrajaya and Kajang lines, and accessibility through major highways including the North Klang Valley Expressway, Guthrie Corridor Expressway, and Damansara-Shah Alam Elevated Expressway. “It is with great enthusiasm and optimism that we welcome Sunsuria to our list of distinguished partners who have chosen to work with us in building Kwasa Damansara. This partnership marks another milestone in our journey towards building a vibrant and sustainable new township that is being developed on

Adenan (right) and Tan in front of the scale model of Kwasa Damansara.

In a statement SkyWorld said RMRSB plans to develop a high-end residential development on the land, offering an exclusive living environment with modern amenities. The acquisition is expected to be completed within nine months from date of sale and purchase agreement. SkyWorld Development CEO Lee Chee Seng said the acquisition aligns with its strategic focus to grow its urban development footprint and diversify SkyWorld’s product offerings. “It marks SkyWorld’s entry into the premium segment, complementing our SkyAwani and SkySignature series,” he added. This latest move not only supports our long-term growth but also positions us to capitalise on the Klang Valley’s evolving demand for quality urban living. SkyWorld Development’s total land bank now stands at 103.09ha, including 102.57ha in Malaysia. – Bernama township will also host 25,000 new housing units including 10,000 affordable housing and land designated for 15 new schools. Kwasa Land has to-date signed collaborations with 16 development partners who have been granted development rights for 780 acres of land within the township. This constitutes 59% of the saleable land (1,331 acres) within Kwasa Damansara, with a GDV of close to RM40 billion. This transit-oriented project offers connectivity and convenience as a way of life. Besides links to six major highways, the township has two MRT stations and access to two KTM Komuter stations. It is also just 4km from the Sultan Abdul Aziz Shah Airport in Subang.

Development Bhd’s wholly owned unit Rimba Maju Realiti Sdn Bhd (RMRSB) will buy 1.23ha freehold land at Tempat Sungei Teba, Mukim Batu, Kuala Lumpur, for RM110 million from MS Tan Corporation Sdn Bhd. The developer said the purchase is in line with SkyWorld Development’s business plan to expand its urban property development business in the Klang Valley by accumulating new suitable land to be included in the group’s landbank. “The proposed acquisition will be in cash funded by a combination of internally generated funds, proceeds raised from initial public offering in 2023 and/or bank borrowings. “The exact quantum funding mix will be decided at a later date after due consideration of SkyWorld Development Group’s gearing level, interest costs as well as working capital requirements for SkyWorld Development Group’s business operations,” it said in a filing with Bursa Malaysia recently. look forward to a successful and forward-thinking collaboration on this exciting new development,” he added. Kwasa Damansara, a dynamic modern township in the making, is now witnessing multiple projects coming to life. Residential developments including detached homes, terrace houses, townhouses, condominiums and affordable homes are tucked away just a few hundred metres off Jalan Sungai Buloh that runs through the township. Destined to become a model city for business, living and leisure, Kwasa Damansara will offer over 250 acres of surrounding green spaces encompassing nine parks and complemented by more than 25km of cycling and walking trails. The

Sime Darby Property breaks ground on RM2.4 billion Vision Business Park

SkyWorld Development to buy freehold plot in KL for RM110 million KUALA LUMPUR: SkyWorld

Widad acquires four parcels of industrial land in Nilai KUALA LUMPUR: Widad Group Bhd’s wholly owned subsidiary Widad Development (Nilai) Sdn Bhd, has signed a conditional sale and purchase agreement with Guper Bonded Warehouse Sdn Bhd to acquire four adjacent parcels of freehold industrial land valued at RM31.3 million. The parcels of land measuring about 4.21ha are located in Bandar Nilai Utama, Negeri Sembilan. The group intends to convert the category of land use from industrial to commercial for the development of commercial properties. In addition, the group also proposed a diversification of its business to embark on the property development business following the proposed acquisition.

development and integrated facilities management, all of which are inter related in nature and form part of the overall property market ecosystem,” it added. Meanwhile, Widad has also proposed share consolidation as part of the group’s proactive plan to improve its capital structure. – Bernama

“With the additional revenue stream from the property development business, the proposed diversification is expected to contribute positively to the group’s financial performance moving forward. “This aligns with the group’s vision of expanding its business vertically to encompass construction, property

Banking & Finance In a filing with Bursa Malaysia recently, it said the proposed acquisition will be satisfied entirely via the issuance of 993.65 million new ordinary shares in Widad at an issue price of 31.5 sen per share.

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