Inovatif

Category: Property

  • Chin Hin Group tops out Ayanna Resort Residences, Bukit Jalil

    Chin Hin Group tops out Ayanna Resort Residences, Bukit Jalil

    Chin Hin Group Property (“CHGP”) has officially marked a major milestone in its residential portfolio with the successful topping out of Ayanna Resort Residences in Jalan Mas, Bukit Jalil. The structural completion of the project’s residential towers signals the transition into the final stages of construction, keeping the project firmly on track for handover in Q2 2027.
    Spanning two high-rise towers across 4.9 acres of freehold land—Block A (42 storeys, 333 units) and Block B (44 storeys, 491 units)—Ayanna Resort Residences comprises 824 units designed for modern, multi-generational living.

    The development has achieved a stellar 95% take-up rate prior to reaching its structural peak, reflecting strong market confidence and sustained demand for thoughtfully designed homes. In addition, this award-winning project has also earned the GreenRE Certification in recognition of its energy-efficient, environmentally sustainable design and green building practices, meeting the expectations of today’s sustainability-conscious homebuyers.

    With a Gross Development Value (GDV) of RM732.1 million, the project reinforces its position as a standout premium residential offering in the market.

    Reflecting on the milestone, CHGP Executive Director Chang Tze Yoong said, “Reaching the structural topping-out milestone of Ayanna Resort Residences marks a pivotal chapter for Chin Hin Group Property. The overwhelming 95% take-up rate reflects the trust homebuyers have placed in our commitment to quality, innovative layout concepts, and timely delivery.

    “We designed Ayanna Resort Residences with the warmth of Malaysian community living in mind, blending resort-style leisure with sustainable design and nature-inspired landscapes. As we celebrate this topping-out milestone today, we remain firmly committed to delivering a vibrant, sustainable sanctuary that families can proudly call home for generations to come,” Chang added.

    Following the completion of structural works, construction focus now shifts to architectural façade installation, exterior envelope finishing, electrical and mechanical (M&E) fittings, and interior unit fit-outs. In tandem, landscape construction across the 1.3-acre recreational park and interactive stream hub will also commence.
    CHGP remains steadfast in upholding rigorous quality control and safety standards as the project moves steadily toward completion and unit handover in Q2 2027.

  • MEA KL celebrates first year anniversary

    MEA KL celebrates first year anniversary

    Marriott Executive Apartments Kuala Lumpur (MEA KL) marks its first anniversary following its opening on 14 August 2025, reflecting on a year of welcoming guests from Malaysia and around the world while establishing itself as a residential-style base for extended stays in Kuala Lumpur.

    As the first Marriott Executive Apartments in Kuala Lumpur, the 353-room property is also the largest Marriott Executive Apartments in the APEC region. Over its first year, 75% of its guests have originated from the Asia Pacific region, reflecting its appeal among travellers seeking the flexibility and comforts of home while staying in the city.

    Since opening its doors, the property has welcomed a diverse range of guests, from business and long-stay travellers to leisure guests and families. Its spacious apartments feature fully equipped kitchenettes, in-room laundry facilities and dedicated living areas, giving guests the flexibility to maintain their routines while away from home.

    Marriott Executive Apartments’ extended-stay living concept is designed to offer the comforts of home, complemented by Marriott’s renowned hospitality and services. Located in the heart of Kuala Lumpur, the property also offers convenient access to the city’s key business, lifestyle and leisure destinations, making it well suited to those who want to live, work and explore at their own pace, whether they’re in KL on extended assignments, relocating or visiting for longer city stays.

    “Reaching our first anniversary is a meaningful milestone for the entire Marriott Executive Apartments Kuala Lumpur team,” said Grant Young, General Manager of Marriott Executive Apartments Kuala Lumpur. “Over the past year, we have had the privilege of welcoming guests from Malaysia and around the world, and seeing the property grow into a place where guests can genuinely feel at home has been incredibly rewarding. Our hosts have brought that experience to life through their care, dedication and personalised service. As we enter our second year, we look forward to building on this foundation and welcoming many more guests to Kuala Lumpur.”

    To mark its first anniversary, Marriott Executive Apartments Kuala Lumpur is inviting families to discover the city together with its Discover KL with 1st Anniversary Special, available for stays from 17 July to 31 December 2026. Designed for families looking for a comfortable city escape, the package includes a stay in a spacious apartment with a fully equipped kitchen and separate living and dining areas, daily breakfast for two adults and two children, late check-out until 2:00 PM subject to availability, complimentary access to the Kids Club and swimming pools, and an exclusive Petrosains Family Membership voucher for two adults and up to three children.

    MEA KL was recognised as a Green Hotel Certified 2025, reflecting its commitment to responsible and sustainable hospitality and continued efforts towards building a greener future.

    As it enters its second year, the property will continue to develop its extended-stay, dining and guest experiences. With residential comfort, thoughtful hospitality and personalised service at its core, MEA KL aims to give travellers a welcoming base from which to live, work and experience the city.

  • Oriental Interest Berhad launches latest affordable housing development

    Oriental Interest Berhad launches latest affordable housing development

    Oriental Interest Berhad (OIB) launches Myra Idaman, its latest affordable housing development under the Rumah Idaman programme, which is being marketed under the name Gardens Idaman.

    Spanning 11.226 acres with a Gross Development Value (GDV) of RM163.8 million, Gardens Idaman will comprise 616 semi-furnished apartment units priced from RM250,000 to RM270,000. Each unit will also come with two carparks.

    The leasehold development is scheduled for completion in 2030 and has been designed as a gated and guarded community for first-time homebuyers and growing families.

    William Lew, General Manager (Essential BU) of Myra, OIB’s residential property arm, said Selangor’s Rumah Idaman programme has played an important role in expanding access to quality affordable housing across the state. He added that OIB is proud to contribute to the programme’s objective of making quality homeownership more accessible to Selangor residents.

    “The Rumah Idaman programme has established a strong benchmark for making quality homeownership more accessible to first-time homebuyers across Selangor. As one of the participating developers, our role extends beyond delivering homes that meet the programme’s requirements. We are continuously looking at how we can create added value for homeowners and the communities they will live in,” he said.

    The launch also marks another milestone for OIB’s affordable housing portfolio, with both Gardens Idaman and the upcoming Saujana Idaman development in Dengkil having received Provisional GreenRE Bronze certification, recognising the projects’ commitment to environmentally responsible and sustainable development practices.

    GreenRE is Malaysia’s green building certification scheme established by the Real Estate and Housing Developers’ Association (REHDA), recognising developments that meet sustainability benchmarks across areas such as energy efficiency, water efficiency, environmental protection and indoor environmental quality.

    While sustainability standards are becoming increasingly recognised across Malaysia’s property sector, GreenRE-certified affordable housing developments remain relatively uncommon, highlighting the growing importance of integrating sustainable design into homes that remain accessible to a wider segment of Malaysians.

    Lew added that while GreenRE certification is not a requirement under the Rumah Idaman programme, OIB believes sustainability should become an increasingly important part of affordable housing rather than a feature associated only with premium developments.

    “There is often a perception that sustainability is reserved for higher-end developments. We believe affordable housing deserves the same commitment to creating healthier, more efficient and future-ready communities.

    “While GreenRE certification is not a requirement under the Rumah Idaman programme and remains relatively uncommon among affordable housing developments, we believe meaningful sustainability can be achieved without compromising affordability when these considerations are integrated from the earliest stages of design. Receiving Provisional GreenRE Bronze certification for both Gardens Idaman and Saujana Idaman is an important milestone that reinforces this commitment,” he added.

    Gardens Idaman incorporates a range of sustainable design measures, including a high-performance building envelope to reduce heat gain, 100% water-efficient fittings, lower-carbon construction materials, reusable aluminium system formwork, energy-efficient lift systems, low volatile organic compound (VOC) paints and natural daylight optimisation.
    Together, these measures are expected to improve energy and water efficiency, enhance indoor environmental quality and create more comfortable living environments for residents.

    Based on the GreenRE assessment, Gardens Idaman is expected to achieve approximately 30.61% energy savings compared with the GreenRE baseline while reducing operational carbon emissions by an estimated 337 tonnes of carbon dioxide equivalent (CO₂e) each year.

    Located in one of Selangor’s growth corridors, Gardens Idaman offers convenient connectivity to Rawang, Sungai Buloh, Kwasa Damansara, Petaling Jaya and Kuala Lumpur via the Kuala Lumpur-Kuala Selangor (LATAR) Expressway, Guthrie Corridor Expressway and the North-South Expressway (NSE), while also providing easy access to schools, healthcare facilities, recreational amenities and established commercial centres.

    Gardens Idaman is the latest addition to OIB’s growing Rumah Idaman portfolio, following the successful launch of Putra Idaman in Desa Pinggiran Putra in 2024. With Saujana Idaman scheduled for launch in the third quarter of 2026, OIB continues to strengthen its pipeline of affordable housing developments across Selangor while supporting the State’s long-term housing aspirations.

  • WCT announces stable performance amid challenging market conditions

    WCT announces stable performance amid challenging market conditions

    WCT Holdings Berhad (WCT/the Group) recorded revenue of RM465.5 million for its fourth quarter ended 31 December 2025 (Q4FY25), compared with RM552.8 million in the preceding year’s corresponding quarter ended 31 December 2024 (Q4FY24). The Group recorded profit attributable to equity holders of RM10.0 million in Q4FY25, compared with RM57.3 million in Q4FY24.

    For the financial year ended 31 December 2025 (FY25), the Group recorded higher revenue of RM1.97 billion, compared with RM1.83 billion in the preceding year (FY24), representing an 7.7% increase. The Group’s profit attributable to equity holders decreased to RM47.8 million in FY25, compared with RM227.9 million recorded in FY24. The higher profit in the preceding year was primarily attributable to a net gain after tax on remeasurement of interest in a jointly controlled entity amounting to approximately RM184 million.

    For FY25, the Group’s Engineering and Construction Division recorded revenue of RM940.6 million (FY24: RM1.05 billion), representing 47.7% of the Group’s consolidated revenue, and achieved an operating profit of RM2.9 million, reversing from an operating loss of RM25.4 million in FY24.

    Meanwhile, the Group’s Property Development Division achieved higher revenue and operating profit of RM806.8 million (FY24: RM516.2 million) and RM133.3 million (FY24: RM36.9 million). The growth in both the revenue and operating profit was primarily attributed to higher sales and billing, as well as land sales. To date, the Group’s unbilled sales stood at RM 959.8 million.

    Dato’ Lee Tuck Fook, Group Managing Director, WCT Holdings Berhad said, “The healthy take-up rates for Adison (Phase 1B), W City Larkinton Johor Bahru, comprising residential units and retail shops reflect sustained demand for well-planned developments in strategic locations and reaffirm buyers’ confidence in WCT’s offerings.

    The successful handover of The Maple Residences in WCity OUG @ Kuala Lumpur and Adenia apartments in Bandar Parklands, Klang further demonstrates our commitment to timely delivery.”

    The Property Investment and Management Division recorded a lower revenue of RM225.6 million and an operating profit of RM67.1 million (FY24: RM268.5 million and RM370.4 million). The decline in revenue was primarily due to the absence of revenue contributions from Paradigm Mall Johor Bahru and Bukit Tinggi Shopping Centre after the injection into Paradigm REIT on 10 June 2025. Operating profit was lower year-on-year mainly due to a gain on dilution of interest in a joint venture amounting to RM184 million recognised in preceding year.

    “While the Group continues to see steady contributions across our core divisions, we are well positioned to capitalise on resilient consumer spending and rising tourist arrivals. In line with the momentum of the Visit Malaysia Year 2026 initiative, we anticipate stronger performance across our retail malls and hotel portfolio, driven by higher footfall and increased occupancy rates,” Dato’ Lee concluded.

  • E&O announces full take up at City of Elmina

    E&O announces full take up at City of Elmina

    Eastern & Oriental Berhad (E&O) announced that Laman Embun, its first commercial precinct in City of Elmina, Shah Alam, has achieved 100% take-up. The precinct was fully taken up within the first week of its launch in November 2025, reflecting strong market demand and growing confidence in decentralised, well-planned townships that offer daily convenience, accessibility and long-term liveability beyond traditional city centres.

    This milestone also sets the stage for Seri Embun, E&O’s upcoming residential township in Elmina, slated for launch in February 2026.

    As Malaysia’s property market adapts to evolving work patterns and lifestyle priorities, buyer behaviour continues to shift in visible ways. Businesses and homeowners are increasingly favouring decentralised townships designed as complete environments where residential, commercial and community elements evolve together to support daily life.

    Located within the fast-developing Guthrie Corridor, Seri Embun benefits from strong regional connectivity while maintaining a township-led planning approach. The surrounding area is supported by education hubs, lifestyle amenities and growing commercial activity, the elements that collectively strengthen long-term liveability and sustain consistent day-to-day vibrancy.

    More than a single development milestone, the growing interest in Seri Embun reflects a broader shift in how Malaysians evaluate where they live and invest. Designed as an integrated neighbourhood, Seri Embun places emphasis on accessibility, everyday convenience, long-term liveability and community integration — priorities that are increasingly valued over proximity to traditional central business districts alone.

    “Seri Embun reflects a more holistic way of thinking about where people live, where daily needs, social spaces, work opportunities and quality of life come together in one coherent environment,” said Mr Kok Tuck Cheong, Managing Director of Eastern & Oriental Berhad. “Today’s buyers are more deliberate about where they commit, and Seri Embun responds to this shift by offering a well-connected township environment that supports daily life, work and community beyond traditional city centres.”

    Seri Embun, E&O’s next residential chapter in Elmina, is envisioned as a natural extension of this evolving ecosystem. The development will be guided by E&O’s long-standing placemaking philosophy, focusing on human-scale design, connectivity and long-term adaptability rather than short-term trends.

    The upcoming township builds on key community anchors introduced earlier within E&O’s Elmina developments, including the first clubhouse in the area and integrated commercial components designed to support everyday needs. Together, these moves reflect a deliberate sequencing strategy in establishing infrastructure and shared community frameworks ahead of residential development.

    Positioned on elevated ground overlooking Elmina, Seri Embun draws character from its natural terrain, where height and openness enhance the lived experience and strengthen the township’s sense of place within its wider context.

    With Seri Embun expected to debut in the coming February of 2026, E&O’s focus in Seri Embun in Elmina marks not just the launch of another residential project, but the next phase in a township designed to grow organically with its community.

  • Sheraton Hotels & Resorts unveils Sheraton Kota Kinabalu

    Sheraton Hotels & Resorts unveils Sheraton Kota Kinabalu

    Sheraton Hotels & Resorts proudly announces the opening of Sheraton Kota Kinabalu, a striking destination set to redefine the hospitality landscape of Sabah’s capital city. Rising as one of the tallest towers in Borneo, the 307-room hotel is surrounded by the views of the South China Sea and the majestic Mount Kinabalu range.

    “Kota Kinabalu is one of Malaysia’s most inspiring destinations, known for its rich heritage, diverse cultures, and extraordinary natural beauty,” said Ramesh Jackson, Regional Vice President, Indonesia & Malaysia, Marriott International. “The opening of Sheraton Kota Kinabalu marks an exciting milestone as we expand Sheraton’s community-focused design and signature experiences across key destinations in the region. This hotel is more than a place to stay – it’s a vibrant hub for travelers and locals to meet, collaborate, and discover the very best of Sabah.”

    Sheraton Kota Kinabalu is located along Jalan Albert Kwok, just steps from the waterfront, retail, dining, and cultural attractions. Sheraton Club guests including Marriott Bonvoy Elite members, Club Floor guests, and Suite room guests can enjoy exclusive access to the Sheraton Club Lounge. The lounge features curated food and beverage offerings, premium amenities, enhanced connectivity, and provides guests 24/7 access to a private environment.

    The hotel’s culinary venues serve as vibrant new gathering places in the heart of Kota Kinabalu:

    • Daily Social – A lively all-day dining venue serving global favorites and local specialities
    • &More by Sheraton – A dynamic fusion of a coffee shop, market stall, and laidback bar, where guests can seamlessly transition from a morning coffee to an evening cocktail
    • The Burger Box – A casual, creative space for handcrafted gourmet burgers, snacks, and quick bites
    • Rooftop Bar – Rising 100 meters above sea level, this stunning sky-high venue offers handcrafted cocktails and coveted views of the coastline, islands, and city skyline.

    Designed as a premium destination for gatherings, Sheraton Kota Kinabalu also features an 703-sqm grand ballroom, four flexible meeting rooms, and collaborative event spaces ideal for conferences, celebrations, and milestone moments. Supported by state-of-the-art technology and Sheraton’s dedicated events team, these venues bring to life the brand’s belief – that the best work and the best memories happen when people come together.

    The Wedding Pavilion, perched above the city with sweeping views of the sea and surrounding islands, offers a breathtaking backdrop for unforgettable ceremonies and celebrations.

    Sheraton Kota Kinabalu participates in Marriott Bonvoy – the award-winning travel programme from Marriott International – allowing members to earn and redeem points for their stay at the new hotel, and at other hotels and resorts across Marriott Bonvoy’s extraordinary portfolio of brands. With the Marriott Bonvoy app, members enjoy a level of personalisation and a contactless experience that allows them to travel with peace of mind.

     

  • Built to Thrive: Big Tiny’s Model for Shared Success

    Built to Thrive: Big Tiny’s Model for Shared Success

    For those who are keen to be part of the hospitality industry and the real estate market, Big Tiny presents a truly unique proposition that will unlock long-term financial value through sustainable living experiences. Launched in 2017 by Singaporean entrepreneurs Adrian Chia, Dave Ng and Jeff Yeo, Big Tiny’s robust business model has been making waves in the eco-tourism sector while steadily gaining strides in the real estate market.

    Big Tiny’s products are statements made on behalf of eco-tourism. Each tiny house is built using light gauge steel (LGS) frames that are stronger and fully recyclable. Its exterior cladding combines wood plastic composite (WPC) and aluminium for superior weather resistance, insulation and recyclability, while interiors feature WPC made from recycled bamboo fibre and PVC for long-lasting quality. Eco-friendly materials such as stone plastic composite (SPC) flooring and mineral wool insulation further enhance energy efficiency, fire safety and indoor air quality.

    Designed with a minimal carbon footprint, these modular units are easy to assemble and require no permanent foundations, reducing environmental disturbance.

    A tiny house is a compact dwelling measuring under 400 square feet in size and up to 4.2 metres in height. It may be constructed on a fixed foundation or mounted on a trailer base, offering flexibility in placement. The unit can operate off-grid or be connected to conventional power supply, and is equipped with a composting toilet, with the option to connect to a standard sewage system if required.

    A Well-Structured 3-Way Ecosystem
    Big Tiny operates on a vertically integrated, asset-light model that combines hospitality, property technology and sustainable tourism. Operating from an end-to-end capacity, the company ensures that its internal arms are specialised in every aspect of the process. Its tiny houses are designed and built by Build Tiny, the innovative arm that pioneered the Tiny House Recreational Vehicle (RV) industry. Then it moves to the Tiny Away platform, which is responsible for listing and marketing all tiny houses, alongside other major booking sites.

    Big Tiny brings together landowners, tiny house owners, and travellers within a thoughtfully designed alternative accommodation ecosystem. Landowners can monetise their land with minimal capital outlay by hosting guests and offering curated, meaningful experiences, while tiny house owners benefit from a fully managed, hassle-free model that delivers professional maintenance, global exposure through Tiny Away, and attractive annual returns with clear exit options. For guests, Tiny Away offers immersive nature-based stays across 16 countries, providing distinctive settings that encourage rest, reflection, and a deeper reconnection with what truly matters.

    Flexibility at its Best

    Tiny house owners can be assured a peace of mind as the tiny houses are modular and relocatable. This means that if there is a change in regulations, these properties can be moved to another location and it is essentially business as usual. Big Tiny will be part of the process in sourcing for another location as well as moving the property for the tiny house owner.

    Big Tiny also ensures that the company further mitigates these risks through strong stakeholder relations—it works closely with local councils, tourism authorities and land partners to stay within compliance policies for smooth operations.

    Tiny house owners can retain full ownership of their assets which can be relocated, easily repurposed or sold, while landowners can opt for clear exits at the end of the agreed terms with the ability to renew, transfer or conclude their participation.

    This flexibility is placed to ensure that all parties have control and choice while maintaining Big Tiny’s ecosystem.

    Calling Malaysia Home

    Big Tiny entered the Malaysian market in 2022, making it viable for Malaysian to be part of its hospitality and real estate eco-system. Locally, the brand continues to solidify its brand presence through its 2025 collaboration with IOI Properties Group Berhad. Aligned with the Group’s sustainability values, Big Tiny has deployed two of their tiny houses at the Amigo Club @ 16 Sierra, slated to enhance guests’ experience with the clubhouse’s amenities.

     

  • Tiny footprints, Big impact on eco-tourism

    Tiny footprints, Big impact on eco-tourism

    Big Tiny was founded on a simple but ambitious purpose: enable people to rediscover the joy of simple living while protecting the landscapes that make these experiences possible. Since introducing its first tiny houses in Australia in 2017, the Singapore-born brand has grown across the region—including Malaysia—championing a model of tourism that treads lightly yet delivers enriching experiences.

    Sustainability was not an afterthought for Big Tiny. From the beginning, its founders set out to reimagine how people can experience travel by creating a model that reduces impact, restores balance and reconnects people with nature. This experience is made accessible through its Tiny Away booking platform, where travellers discover curated eco-conscious stays across the region.

    Tiny houses seamlessly blend with nature.

    Big Tiny believes that its products can assist in making better use of land, limit overdevelopment and offer a meaningful alternative to the resource-heavy, high-footfall model of mass tourism. The company does so via thoughtful systems including the way its tiny houses are built and deployed to how resources are managed, its partnership with landowners and engagements with the local communities. Every tiny house is built with light gauge steel, durable composite materials and modular construction to reduce waste. Across its global portfolio of more than 650 units, off-grid and hybrid models rely on solar energy, rainwater harvesting and composting systems, ensuring minimal disturbance to the land.

    “We view our efforts as part of an evolving commitment to operationalise sustainability and accountability, and we are confident that with consistency and improvements, a better tomorrow is within reach,” – Adrian, CEO and Co-Founder, Big Tiny.

    In 2025, Big Tiny advanced this promise by achieving Global Sustainable Tourism Council (GSTC) recognition for its Lazarus Island project, with more sites worldwide aiming for certification by 2026. Building on this achievement, Big Tiny is also working towards including its other global projects under the GSTC Industry Criteria for Hotels certification by 2026, for a consistent benchmark across its portfolio. Additionally, it has also initiated environmental impact assessments at Grampians Edge and Granite Belt in Australia.

    One with nature, sustainable living in tiny houses.

    Big Tiny’s impact extends beyond environmental stewardship as everywhere the brand sets foot in, it believes that local relevance and global consistency can co-exist. Its tiny houses support local economies by engaging over 1,200 stakeholders—from land hosts to owners—and partnering with 300 organisations. The company also collaborates with local artisans, brands, producers, merchants and landowners to infuse authenticity into each stay—whether through region-specific furnishings, community partnerships or curated experiences.

    Soon, the brand looks to strengthen its advocacy for regenerative tourism, as guests’ sustainability expectations continue to rise. Efforts in the pipeline include increasing its green procurement with a goal of ensuring at least 15% of materials come from recycled sources by 2030. Big Tiny is also exploring solar-wind hybrid systems that can generate power even at night which will increase the usage of natural sources by another 10%, come 2030. It is also exploring ways to adopt even more energy-efficient appliances to further reduce overall consumption.

    For Malaysia, Big Tiny looks to offer a sustainable alternative to traditional travel experience by activating underutilised rural or natural spaces, converting them into low-impact, eco-conscious getaways. With abundance of land and natural landscapes, Big Tiny sees vast potential for growth while simultaneously playing a role setting a benchmark for the country’s eco-tourism landscape and in time, shaping its regenerative tourism industry. Malaysians can also purchase entire tiny homes or share ownership, enjoying passive income from these sustainable stays.

    All tiny houses are listed for stays through Big Tiny’s Tiny Away platform (tinyaway.com), alongside other major booking sites.

  • NCT Group establishes RM1 billion Sukuk Wakalah programme

    NCT Group establishes RM1 billion Sukuk Wakalah programme

    NCT Group of Companies (NCT Group) marks a significant double milestone — the launch of its maiden RM1 billion Sukuk Wakalah Programme, with Maybank participating in the first tranche up to RM390 million in unrated Sukuk, alongside the ground-breaking ceremony for Phase 2 of its flagship NCT Smart Industrial Park (NSIP) in Selangor.

    The award-winning developer established the RM1 billion Sukuk Wakalah Programme to enhance funding flexibility for its working capital needs and support the Group’s long-term growth strategy, while broadening its access to the domestic debt capital market.

    Dato’ Sri Yap Ngan Choy, Founder and Group Managing Director of NCT Group, said “We are delighted to work with Maybank as our valued partner in our Sukuk Wakalah Programme, a key initiative that strengthens our financial foundation. The Sukuk Programme will provide us with greater flexibility to pursue new opportunities, driving us into the next phase of growth as we continue to deliver developments that generate sustainable value for our stakeholders.”

    The Group has appointed Maybank Investment Bank Berhad as the Sole Principal Adviser and Sole Lead Arranger for the establishment of the Sukuk Wakalah Programme, as well as the Sole Lead Manager for the first tranche of the unrated Sukuk.

    Following the Sukuk announcement, NCT Group also celebrated the ground-breaking of Phase 2 of its 732.5-acre NCT Smart Industrial Park (NSIP) in Selangor.

    With a gross development value of RM2.5 billion, the ground-breaking of Phase 2 underscores NCT Group’s strong commitment to driving industrial transformation and promoting economic growth in the state through world-class development built on the pillars of innovation, digitalisation and sustainability.

    The new phase will build upon the success of Phase 1, featuring similar industrial components with larger plots and enhanced infrastructure to meet the evolving needs of high-technology, logistics, and manufacturing industries. Maintaining NSIP’s core focus on smart and sustainability-driven development, Phase 2 will further strengthen the park’s integrated ecosystem with improved connectivity, upgraded utilities, and advanced digital systems that support automation and future-ready operations for long-term industrial growth. Completion of Phase 2 is scheduled for 2029.

    Dato’ Sri Yap added, “Another key milestone has been achieved today with this ground-breaking. Given the scale and expectations of this project, we are determined to ensure that each phase is completed well within its timeline as we continue to shape the nation’s industrial future. This next chapter brings us closer to realising a smart, sustainable, and globally competitive ecosystem that will elevate the sector.”

    Located within the Integrated Development Region in South Selangor (IDRISS), NSIP is NCT Group’s flagship project and one of Malaysia’s most advanced managed industrial ecosystems that is redefining industrial development in the region while meeting global ESG standards. Once fully developed, NSIP will serve as a key catalyst for the progress of Selangor and the broader IDRISS corridor.

     

  • Sunway City Iskandar Puteri is Malaysia’s top smart township

    Sunway City Iskandar Puteri is Malaysia’s top smart township

    Sunway City Iskandar Puteri (SCIP) has won Platinum distinction at the Smart Township Malaysia 2025 Awards organised by PLANMalaysia (Jabatan Perancangan Bandar dan Desa) under the Ministry of Housing and Local Government (Kementerian Perumahan dan Kerajaan Tempatan [KPKT]), ranking first among 15 participating townships nationwide.

    This milestone marks a historic achievement for Malaysia’s urban development landscape as for the first time, a developer-led township has earned Platinum recognition in a programme traditionally reserved for local councils and government agencies.

    The Smart Township Malaysia 2025 Awards operate under the Rangka Kerja Bandar Pintar Malaysia (2019–2025), the national benchmark for smart city implementation aligned with Malaysia’s Smart Nation 2040 vision. PLANMalaysia’s evaluation framework – under the Malaysia Standard ISO 37122:2019 – assesses the performance and level of the townships’ initiatives and implementation against seven key pillars: Smart Government, Smart Economy, Smart People, Smart Living, Smart Mobility, Smart Environment, and Smart Digital Infrastructure.

    Chung Soo Kiong, Managing Director of Sunway Property, highlighted that the “This Platinum recognition reaffirms Sunway Property’s leadership in driving Malaysia’s next generation of smart townships. Through Sunway City Iskandar Puteri, we’ve successfully brought to life the seven key pillars set by PLANMalaysia of what a truly integrated, future-ready community is. By harnessing the power of AI, technology, and sustainability, we’re creating connected ecosystems that learn, adapt, and thrive — a model for the smart townships of today and tomorrow.”

    Gerard Soosay, Chief Executive Officer of Sunway Property (Southern Region), emphasised that sustainability and innovation has always been at the heart of Sunway’s development philosophy.
    “At Sunway, sustainability is embedded into every aspect of how we design and build. As the Master Community Developer, our focus goes beyond infrastructure—it’s about creating smart, connected, and inclusive townships that elevate the quality of life for our community. Sunway City Iskandar Puteri reflects this long-term vision, where smart technologies, digital systems, and sustainable design work hand-in-hand to build resilient communities and a better future for generations to come.”

    This Platinum distinction positions Sunway City Iskandar Puteri as the blueprint for Malaysia’s next generation of smart and sustainable townships, showcasing how developer-led innovation can complement national urbanisation goals. The recognition also reinforces Sunway Property’s strategic alignment with Malaysia’s Smart City Malaysia 2.0 and Smart Nation 2040 frameworks, opening new avenues for collaboration with federal agencies and setting the pace for sustainable urban transformation.