Inovatif

Category: Property

  • SS15 commercial site to be redeveloped by Gamuda Land and Taylor’s Education Group

    SS15 commercial site to be redeveloped by Gamuda Land and Taylor’s Education Group

    Gamuda Land, the property development arm of Gamuda Berhad, has entered into a synergistic collaboration with Taylor’s Assets, the property investment and asset management arm of Taylor’s Education Group, to redevelop a prime 2.88-acre freehold commercial site in SS15, Subang Jaya. This redevelopment is part of Taylor’s Assets’ strategic initiative to strengthen its education real estate portfolio, with Gamuda Land invited as the development partner. The collaboration reflects a shared vision of building a stronger, more vibrant community while reinforcing Taylor’s long-standing presence in Subang Jaya.

    With an estimated Gross Development Value (GDV) of RM500 million, the redevelopment will introduce a vibrant mixed-use development comprising serviced apartments, purpose-built student accommodation (PBSA), and retail spaces to enhance SS15’s livability and commercial vibrancy. Addressing the acute shortage of quality student accommodation in Subang Jaya, the project directly responds to the growing demand for PBSA and is targeted for completion in November 2029.

    “This redevelopment is a strategic step forward for Gamuda Land as we continue to apply our town-making expertise beyond our core township developments. While large-scale townships remain our foundation, select urban regeneration projects like SS15 allow us to contribute meaningfully to matured neighbourhoods through smart design, connectivity and integration. With a carefully planned mix of serviced apartments, purpose-built student accommodation (PBSA), and retail — all designed with liveability, accessibility and community in mind — the development will rejuvenate a well-loved part of Subang Jaya,” said Chu Wai Lune, Chief Executive Officer of Gamuda Land.

    “The SS15 prime site has long stood as a legacy landmark for Taylor’s, and this redevelopment marks a bold step in reimagining its role for the future. This transformation will not only revitalise the heart of Subang Jaya but also reaffirm its significance as a centre of community life. Importantly, this project will add 401 bedrooms to our PBSA portfolio, with the ambition to expand student accommodation inventory as demand strengthens. In doing so, the development enhances Taylor’s ability to respond to market needs with flexibility and foresight. Through this project, Taylor’s Assets further strengthens its leadership in the PBSA market, benchmarking Malaysia’s offering against established markets in the UK, US, and Australia. We are also open to expanding collaborations with other developers and education operators to grow this segment sustainably across Malaysia and the region.” said Dato Loy Teik Ngan, Group Executive Chairman of Taylor’s Education Group.

    The development will include a purpose-built student accommodation (PBSA) tower, managed by Taylor’s Hostel Management — the multi award-winning student accommodation operator renowned for delivering quality living experiences. The PBSA will help address the growing need for quality student accommodation in Subang Jaya, particularly for first-year students.

    This project underscores Taylor’s Assets’ broader growth strategy to diversify within the education sector, with PBSA positioned as a core anchor. With an established presence in Malaysia, Singapore and Vietnam, Taylor’s Education Group aims to expand its portfolio through capital-efficient partnerships that generate recurring income, enhance community impact, and deliver sustainable long-term returns.

    The masterplan includes three towers and a retail hub: a 31-storey and a 30-storey serviced apartment tower, alongside a 17-storey purpose-built student accommodation tower. Thoughtfully designed as a community-centric lifestyle hub, the development complements SS15’s vibrant commercial scene with a retail hub fronting Jalan SS15/8, designed to encourage walkability and social interaction.

  • RHB-OSK property partnership expands Malaysians’ access to prime overseas properties

    RHB-OSK property partnership expands Malaysians’ access to prime overseas properties

    RHB Banking Group (RHB or the Group) recently announced a strategic collaboration with OSK Property to offer Malaysians greater access to overseas residential properties through the launch of the RHB Overseas Property Financing solution. This offering debuts with Melbourne Square, OSK Property’s landmark development in Southbank, Melbourne, Australia.

    Melbourne Square is a mixed-use precinct offering spacious residences with panoramic city views, extensive green spaces, and convenient proximity to universities, retail hubs, and cultural attractions. This makes it an attractive choice for Malaysian seeking to secure an alternate residence with long-term capital appreciation.

    Under this strategic partnership, RHB Premier clients now access Malaysian Ringgit (MYR)-denominated full flexi housing loans for overseas residential properties in Australia. The RHB Overseas Property Financing solution, designed for Malaysians who are neither permanent residents nor citizens of Australia, is applicable for properties in Melbourne and Sydney, Australia (within a 30km radius of the Central Business District). The financing comes with flexible repayment terms, no-cost redraw facilities, and early release options during the construction phase.

    The financing solution is also applicable for properties in London, UK (Zones 1-3). This offering is part of the Group’s plan to expand its overseas property financing to key global cities, aligning with market trends and the aspirations of its Premier clients. The product’s features are designed for clients to manage foreign exchange exposure while complying with Bank Negara Malaysia’s regulations.

    Dato’ Mohd Rashid Mohamad, RHB Banking Group Managing Director / Group Chief Executive Officer said “RHB remains committed to being the trusted partner for our Premier clients as they diversify and expand their residential real estate portfolios beyond Malaysia’s borders. Property continues to be a time-tested, resilient asset class, offering long-term value and a natural hedge against inflation. Through this partnership with OSK Property, we are offering our clients with seamless financing solutions that enable them to confidently capitalise on premium overseas opportunities like Melbourne Square.”

    Ong Ju Yan, Group Managing Director, OSK Property Group, added, “RHB Bank has introduced an innovative and flexible financing product for Malaysians to acquire properties overseas. This unique product can help Malaysian investors and families to fulfil their dreams of owning a property in a prime location like Melbourne Square.”

    The partnership was launched at Beyond Borders: Australia Property Investment Outlook, an exclusive event that brought together property experts and investors. Dominic Heaton-Watson, Associate Director of the International Residential Property at Knight Frank Malaysia, delivered the keynote presentation, highlighting Melbourne’s robust economic fundamentals and rising popularity among buyers seeking property for their children’s education.

    RHB plans to expand its overseas property financing to include more Australian cities and outer zones of London, aligned with market trends and client needs. The RHB Premier proposition reinforces the Group’s commitment to delivering financial solutions that help clients grow their international real estate investments.

  • Bridge Data Centres partners with Johor Special Water for Malaysia’s first Water Reclamation Plant facility

    Bridge Data Centres partners with Johor Special Water for Malaysia’s first Water Reclamation Plant facility

    Bridge Data Centres (BDC), a leading regional provider of hyperscale data centre solutions, has partnered with Johor Special Water (JSW) to embark on Malaysia’s first Water Reclamation Plant (WRP) integrated within a data centre facility.

    The Water Reclamation Plant (WRP) is the first of its kind, repurposing treated effluent from a
    nearby Indah Water Konsortium (IWK) facility and converting it into high-grade reclaimed water
    suitable for data centre cooling.

    The plant applies advanced Membrane Bioreactor (MBR) and Reverse Osmosis (RO)
    technologies to deliver superior water recovery and quality. Located at the MY07 campus in Ulu
    Tiram, Johor, the initiative is an exciting step forward in aligning high-performance digital
    infrastructure with national sustainability goals.

    Mr Eric Fan, CEO of Bridge Data Centres, said the project demonstrates BDC’s commitment to
    environmental leadership and sustainable growth in Malaysia. “This is more than a technical
    achievement — it is an innovative response to growing industry demand for hyperscalers which
    vie for water resources. BDC’s investments in infrastructure and technologies in this plant are
    anchored on harvesting recycled water for industrial use instead of competing for potable water
    supplies”, said Mr Fan.

    The plant significantly reduces reliance on potable water and strengthens the long-term resilience
    of BDC’s operations, while supporting Johor’s broader environmental agenda. With cumulative
    investments in Johor exceeding billions, BDC’s facility in MY07 is designed to support up to over
    200MW of IT load across multiple phases and serves cloud providers, AI compute operators, and
    mission-critical enterprises across Southeast Asia. More than 200 skilled jobs in engineering, IT,
    and operations have been created as part of the MY07 development.

    Mr Fan added that the project was designed in full compliance with guidelines issued by the
    National Water Services Commission (SPAN), and that BDC worked closely with regulatory
    agencies, JSW, IWK, and Permodalan Darul Ta’zim (PDT) throughout the planning and execution
    phases.

    In addition to the Water Reclamation Plant, BDC’s broader water sustainability strategy includes
    rainwater harvesting, condensate recovery, and the exploration of alternative effluent sources to
    diversify supply and minimise environmental impact. The plant also features smart water metering
    for real-time monitoring, enabling a more efficient and measurable approach to water use.
    Currently in its final commissioning phase, the Water Reclamation Plant is expected to be fully
    operational by the fourth quarter of 2025. Test runs have already demonstrated water quality
    outputs that exceed industry standards.

    BDC’s initiative not only sets a new benchmark for sustainable data centre operations but also
    positions Johor as a rising hub for climate-conscious digital infrastructure in the region. As the
    demand for hyperscale capacity continues to grow, this model offers a blueprint for how the
    industry can address resource challenges through innovation and partnership.

    BDC currently has six data centres in operation or development across Malaysia.

  • Binghatti establishes Malaysia as gateway to Dubai projects

    Binghatti establishes Malaysia as gateway to Dubai projects

    Binghatti, a leading property developer based in the United Arab Emirates (UAE), has officially designated Malaysia as its Southeast Asia investment hub to drive regional interest in its expanding portfolio of premium residential developments in Dubai.

    With a development portfolio exceeding AED50 billion (approx. RM58 billion) of more than 80 projects, and over 11,000 residential units delivered across Dubai, Binghatti brings a proven track record of architectural innovation and execution to international markets.

    This move comes amid sustained momentum in Dubai’s real estate sector, which recorded transactions worth over AED 431 billion (approx. RM 498 billion) in the first half of 2025—a 25% year-on-year increase. Foreign demand for real estate, strengthened bilateral and multilateral ties, and the UAE’s safe haven status continue to fuel rapid growth in housing prices and rental rates, while contributing to ample domestic liquidity.

    As the appointed hub, Malaysia will serve as a launchpad for investor engagement across Southeast Asia, with a specific focus on reaching Malaysian and regional buyers through dedicated previews, advisory services and after-sales support. This strategic move builds on Malaysia’s strong appetite for international real estate—driven by a growing base of high-net-worth individuals, with its ultra-high-net-worth population projected to grow by 35% over the next five years, one of the fastest growth rates in Asia. Its well-developed financial infrastructure facilitates seamless cross-border transactions, while direct flight connectivity to Dubai further strengthens Malaysia’s role as a gateway for regional investors seeking access to tax-friendly and high-growth markets like the UAE.

    The initiative spotlights Binghatti’s latest off-plan development, Aquarise—an ultra-luxury waterfront tower currently under construction and scheduled for handover between late 2026 and mid-2027. Featuring sculptural, water-inspired architecture, smart-home technology, and resort-style amenities, Aquarise is located in Business Bay, one of Dubai’s most sought-after districts known for its proximity to Downtown Dubai, the Burj Khalifa, and the Dubai Canal. Units start from AED1 million (approx. RM1.16 million). Other developments, including Skyhall and Skyrise, are also underway, further expanding Binghatti’s portfolio and offering a range of premium residential investment opportunities.

    “Our presence in Malaysia marks the next chapter in Binghatti’s global investment platform—bringing world-class Dubai real estate closer to Southeast Asian investors,” said Lucky Zhang, Sales Manager of Binghatti. “With Swan Knights and Skylink as our partners, this alliance reflects our shared commitment to delivering a seamless investment experience—rooted in trust, design excellence, and long-term value.”

    Binghatti is renowned for its architectural distinction and global partnerships, having launched several record-breaking branded residences—including the Bugatti Residences, Mercedes-Benz Places, and Burj Binghatti Jacob & Co. Residences, set to become the world’s tallest branded residential tower.
    Investor engagement activities will commence in the coming months, including exclusive previews, briefings, and personalised consultations for interested buyers.

  • Conlay Signature Suites by E&O offers move-in ready luxury

    Conlay Signature Suites by E&O offers move-in ready luxury

    Eastern & Oriental Berhad (E&O), in partnership with Japan’s leading real estate company, Mitsui Fudosan Group, has officially launched Conlay Signature Suites, the second and final phase of its landmark Conlay development.

    Developed on 1.44 acres of freehold land, the project comprises two phases, with the initial phase titled Conlay Residences and the higher second phase, Conlay Signature Suites. The development is positioned across the uppermost floors of the 51-storey tower, offering discerning buyers a refined collection of 194 residences, with built-ups ranging from 635 to 3,617 square feet, in 1-bedroom to 3+1-bedroom penthouse configurations.

    Priced between RM 1.52 million to RM 12 million, each unit is designed to take full advantage of unobstructed city views, golf course view and is fitted with premium finishes, exclusive fittings, and spacious layouts suited for modern cosmopolitan living. Under a build-and-sell concept, the Conlay Signature Suites are delivered fully furnished and in move-in condition to ensure a seamless ownership experience.

    Kok Tuck Cheong, Managing Director of E&O Berhad said, “The Conlay Signature Suites represent the culmination of our vision for the project, an elevated lifestyle offering, in every sense of the word. This launch reaffirms our belief that there is still strong appetite in the market for well-located, thoughtfully designed homes that offer not just quality, but distinction”.

    Crafted by the internationally acclaimed Kerry Hill Architects, in partnership with award winning GDP Architects and with landscape design by Seksan Design, Conlay by E&O has a Gross Development Value (GDV) of RM 968 million and combines timeless resort-inspired design with urban sophistication.

    Market response to Conlay by E&O has been encouraging. To date, Conlay Residences has been fully sold, while the newly introduced Signature Suites has already recorded a 40% take-up since its soft launch in May this year. This reflects sustained demand for well-conceived, high-end residences in Kuala Lumpur’s city centre.

    Mr Masayoshi Saito, Managing Director of Mitsui Fudosan (Asia) Malaysia, added, “We take great pride in joining forces with E&O to bring Conlay to life, a project that exemplifies our shared dedication to delivering sophisticated urban living experiences.”

    “This partnership combines Mitsui Fudosan’s global vision with E&O’s strong heritage in hospitality and design, creating a truly iconic address for discerning buyers in Kuala Lumpur” he said.

    The Conlay by E&O is supported by an extensive suite of lifestyle and wellness facilities spread across Levels 11 and 36, including heated infinity pools, gymnasiums, themed communal spaces, a library, billiard and music rooms, and sky dining. A dedicated lifestyle and F&B level on the 50th floor further elevates the living experience.

    Residents will also enjoy 24-hour on-demand concierge services, which includes access to a personal chef for private dinners, housekeeping, food and newspaper delivery, pre-arrival shopping, car hires, and basic unit maintenance services.

    Kok added that a premier F&B brand is expected to open on Level 50 in the coming months.
    To reflect E&O’s commitment to creating developments that are both luxurious and responsible, this project has received provisional GreenRE Gold certification. The project incorporates extensive sustainability measures throughout its design and construction, including energy-efficient fittings, natural ventilation systems, and environmentally certified materials.

    Located within easy walking distance from the Conlay MRT station, the development enjoys seamless connectivity to Kuala Lumpur’s premier shopping and lifestyle precincts including Pavilion Kuala Lumpur, Bukit Bintang and KLCC.

    “Every detail of the Signature Suites is inspired by our commitment to hospitality and craftsmanship. We believe the Conlay Signature Suites will appeal to those seeking both legacy and lifestyle,” said Kok.

  • Chin Hin Group Property expands Klang Valley landbank with RM52 Million Segambut land acquisition

    Chin Hin Group Property Berhad (CHGP or the Group) announces that its wholly-owned subsidiary, Chin Hin Property (Segambut) Sdn Bhd (CHPS), has entered into a Sale and Purchase Agreement (SPA) with New York Empire Sdn Bhd (NYESB) and Kar Sin Bhd (Kar Sin) for the acquisition of a strategically positioned 6.49-acre parcel of freehold land located in Segambut, Kuala Lumpur, for a cash consideration of RM52 million.

    This acquisition transitions from a previous joint development agreement signed in April 2024, providing CHGP full ownership and development rights. Originally planned as a collaborative development between CHGP and Kar Sin, the land will now be independently developed by CHGP into a residential or mixed development project.

    The acquisition supports CHGP’s ongoing strategy of expanding its property portfolio by securing strategically located land within high-potential areas of Kuala Lumpur.

    The land in Segambut is well-connected by major highways, including the Duta-Ulu Klang Expressway (DUKE) and Jalan Ipoh, as well as public transportation such as KTM Komuter and MRT stations. The area is experiencing rapid urban growth and infrastructure improvements, making it highly attractive for residential and mixed-use developments.

    CHGP plans to develop a high-rise development on the newly acquired land, subject to obtaining the necessary regulatory approvals. The project aims to meet the growing demand from young professionals, families, and local businesses seeking integrated developments offering convenient living and lifestyle amenities.

    Chang Tze Yoong, Group Chief Executive Officer of the Property Development Division at Chin Hin Group Property Berhad said, “Transitioning from our previous joint development arrangement to full ownership of this prime land allows CHGP greater flexibility and control over the project’s execution and marketing. Given the area’s strong connectivity and market dynamics, we are confident this project will substantially contribute to our earnings growth”

    The land’s freehold tenure and favourable zoning conditions provide CHGP with significant flexibility to deliver an innovative, lifestyle-centric mixed-use development — a concept that has proven successful in key urban growth corridors. We are confident this project will substantially contribute to our earnings growth.

    Aligned with CHGP’s sustainable growth goals, this acquisition is expected to positively impact the Group’s long-term earnings and support its commitment to ESG practices by creating environmentally friendly and sustainable communities.

     

  • Myra unveils Alam Impian’s township with Malaysia’s first developer-backed renovation financing

    Myra unveils Alam Impian’s township with Malaysia’s first developer-backed renovation financing

    Myra, the residential brand under Oriental Interest Berhad (OIB), is making its most significant entry yet into Shah Alam with the unveiling of Myra Tenuman, a 70-acre township in Alam Impian with a projected gross development value (GDV) of RM1 billion. The development is set to raise the benchmark for community-centric urban living in one of the Klang Valley’s most rapidly maturing corridors.

    Designed as more than a residential project, Myra Tenuman is envisioned as a full-fledged township that integrates premium landed homes, upcoming serviced apartments, community-oriented commercial zones, and placemaking-driven public spaces.

    Anchored by a thoughtfully curated village hub, the masterplan will eventually connect green corridors, pocket parks, and public realms, creating a long-term address for multigenerational families and upwardly mobile professionals seeking both exclusivity and community.

    Speaking at the exclusive preview, Akil Hassan, Chief of People and Growth at Myra, said “Myra Tenuman marks a deliberate step forward in how we think about the liveability of place and permanence.

    The first landed offering within the township will be unveiled under the Halaman collection, comprising 54 semi-detached homes and 16 bungalows, with an estimated GDV of RM165.5 million. All units are freehold and come with individual titles, offering homeowners long-term ownership security and greater flexibility for future modifications or extensions.

    Conceived by Tangu Architecture, Halaman celebrates the idea of a “Green Village Compound”, fostering a sense of openness, connection, and harmony with nature. These homes draw inspiration from the traditional kampung spirit, reinterpreted through contemporary architecture and tropical design thinking.
    Bungalows in Halaman sit on expansive land parcels ranging from approximately 6,652 to 8,826 sq ft, with built-ups of up to 3,982 sq ft, and are priced from RM3 million. The semi-detached units will have lot sizes between 4,166 and 7,535 sq ft, with built-ups of up to 3,376 sq ft, and prices starting from RM2 million.
    Across both typologies, homes feature open-plan layouts, generous windows, and seamless transitions between indoor and outdoor spaces, blurring boundaries to enhance daily liveability. The architectural language promotes cultural sensitivity and environmental responsiveness, resulting in residences that are not only visually refined but also functional, adaptable and sustainably conceived.

    Myra Tenuman represents Myra’s final parcel in Alam Impian and is undertaken in collaboration with fellow landowners and partners Naza TTDI and Triterra, underscoring the area’s emerging profile as one of Shah Alam’s most valuable suburban corridors.

    To make homeownership more accessible and customisable, Myra has partnered with RHB Banking Group (RHB) to introduce a bundled Home & Renovation Loan/Financing package, marking RHB’s first collaboration of this kind with a property developer.

    This financing solution offers eligible homebuyers up to 120% financing of either the Sales and Purchase Agreement (SPA) price or open market value. Significantly, up to 30% of this amount can be specifically allocated for renovations, covering a wide range of enhancements including tiling, fittings, structural upgrades, and interior design.

    Jeffrey Ng Eow Oo, Managing Director, Group Community Banking, RHB Banking Group, said, “We recognise that today’s homebuyers aspire to create spaces that truly reflect their personal style and needs. This pioneering partnership with Myra allows us to empower them with a seamless and flexible financial pathway to achieve this vision, ultimately contributing to a more vibrant and personalised living environment for communities.”

    The renovation portion of the financing will be disbursed progressively over a 12-month period, commencing after the full disbursement of the home loan/financing. This offer is available to both new and existing RHB customers and also covers essential costs such as legal and valuation fees, as well as mortgage protection insurance or takaful, providing a comprehensive financial solution from the initial purchase through to moving in and personalising their new home.

    While Myra Tenuman buyers can only apply for the renovation loan upon completion, RHB’s financing initiative will also be extended to selected completed properties within Myra’s portfolio, including Myra Saujana Phase 4 in Sepang and Myra Gardens Phases 2 and 3 in Sungai Buloh.

  • Asia Vision Capital’s new Shariah fund connects investors to Johor’s investment opportunity

    Asia Vision Capital’s new Shariah fund connects investors to Johor’s investment opportunity

    Asia Vision Capital Sdn. Bhd. (AVC), a licensed Venture Capital Company registered and regulated by the Securities Commission Malaysia (SC), has launched QJBCCI PLT, a Shariah-compliant Real Estate Fund offering accredited investors structured access to Quayside JBCC. It is an iconic mixed-use development located within the Johor-Singapore Special Economic Zone (JS-SEZ), one of Southeast Asia’s most dynamic cross-border corridors.

    QJBCCI PLT complements AVC’s conventional real estate fund, QJBCCA PLT, which was launched in January 2025. Both funds operate under a regulated framework where the funds are lodged with SC, with TMF Group as the trustee and Tawafuq Consultancy serving as the Shariah adviser for the Islamic tranche.
    These funds provide accredited investors with the opportunity to participate in the development of Quayside JBCC through Redeemable Convertible Preference Shares, standing benefits from quarterly dividend distributions and redemption options after a five-year lock-in period. Backed by institutional-grade governance and oversight, the fund is designed for investors seeking exposure to real estate income streams across hospitality, serviced residences, parking, retail, rooftop restaurants and the development’s prominent LED advertising display.

    “JS-SEZ and Rapid Transit System represent one of the region’s most exciting growth opportunities, powered by cross-border connectivity and rising demand for integrated urban destinations. Through our funds, we are pleased to offer accredited investors a structured and professionally managed pathway to participate in this option. This initiative reflects our commitment to unlocking long-term value through disciplined investment, Shariah governance and institutional-grade oversight,” said Ian Khor, Chief Investment Officer of Asia Vision Capital Sdn. Bhd.

    AVC targets to raise up to RM 300 million as the initial commitment goal for this development project. To enhance investor experience, AVC plans to launch a dedicated mobile platform by late 2025, offering fund performance updates of its portfolios through web and mobile-optimised dashboards.

    As part of its long-term strategy, AVC is also exploring the potential conversion of this mixed-used hospitality development into a publicly listed Real Estate Investment Trust (REIT) by 2032, broadening liquidity options and expanding investor access through public markets.

  • PMCK Berhad gains Bursa approval for ACE Market IPO listing

    PMCK Berhad gains Bursa approval for ACE Market IPO listing

    PMCK Berhad (PMCK), a healthcare services provider in Northern Malaysia, has gained the approval of Bursa Malaysia Securities Berhad (Bursa Securities) to list on the ACE Market of Bursa Securities.

    This milestone underscores PMCK’s strategic focus on expanding its footprint through the development of PMC Kulim, a state-of-the-art private medical centre and mixed-use facility in Kedah, poised to address critical gaps in regional healthcare access.

    The IPO comprises 272.6 million new shares (25% of enlarged issued share capital), with proceeds allocated for:

    1. Repayment of bank borrowings for PMC Kulim’s construction
    2. Acquisition of equipment for PMC
    3. Estimated expenses related to the listing exercises

    “PMC Kulim is not just a hospital. We are a holistic ecosystem designed to elevate healthcare accessibility in the region,” said PMCK Berhad Managing Director, Dato’ Lee Gaik Cheng. “This listing enables us to accelerate our vision while maintaining financial discipline through strategic partnerships and streamlined operations.”

    PMCK reported robust FYE 2024 performance, with revenue rising to RM104.34 million (FYE 2023: RM99.85 million) and net profit climbing almost 40% to RM15.02 million, reflecting strong demand for its specialist consultant services and healthcare support services. The company’s existing PMC in Alor Setar has treated over between 115,000 patients and 128,000 patients over the past three FYEs 2022 to 2024, supported by 40 specialist consultants across 17 specialisations.

    Post-listing, PMCK will consolidate its other businesses in Kulim (Poliklinik Unik and Klinik Pergigian Unik) under PMC Kulim to enhance operational efficiency. The project’s mixed-use component is also expected to diversify revenue streams, contributing to long-term sustainability.

    “Our goal is to bridge the healthcare divide in the Northern region of Malaysia,” added Dato’ Lee. “The approval for our listing marks a significant milestone for PMCK Berhad and we are now poised to deliver world-class care closer to home.”

    Malacca Securities is the IPO’s principal adviser, sponsor, underwriter, and placement agent.

    The listing will propel PMCK’s RM193 million PMC Kulim project, a 12-storey medical centre integrated with a seven-storey mixed-use development (hotel, food court, and amenities). Slated for completion in Q1 2028, the facility will feature:

    • 90 in-patient beds (single and double rooms only), one endoscopic suite, one operating theatre, two labour rooms, two nursery units, and 15 specialist consultation clinics.
    • Strategic amenities for patients’ families and the public, managed by a third-party operator to ensure operational focus on healthcare.

    The project targets underserved populations in Kulim, Bandar Baharu, and neighbouring districts, where private healthcare infrastructure remains sparse.

    With only 7.72 private hospital beds per 10,000 persons in Northern Malaysia (versus 17.71 in Kuala Lumpur), PMC Kulim aims to alleviate the pressure on existing facilities while tapping into demand from Kulim Hi-Tech Park’s industrial workforce and growing middle-class communities.

  • WCT Holdings Berhad shareholders approve listing of Paradigm REIT

    WCT Holdings Berhad shareholders approve listing of Paradigm REIT

    WCT Holdings Berhad (“WCT” or “the Group”), an investment holding company with businesses in engineering and construction, property development and investment in and management of retail malls and hotels, announces that its shareholders have approved the proposed listing of Paradigm Real Estate Investment Trust (“Paradigm REIT”) on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities Main Market). The approval of the shareholders was obtained during the Extraordinary General Meeting (“EGM”).

    The proposed listing of Paradigm REIT will mark a significant milestone in WCT’s strategic growth plans, enabling the Group to unlock the value of its retail assets while optimising its capital structure. As part of the proposed listing of Paradigm REIT, the shareholders also approved the proposed disposal of three prime retail properties – Bukit Tinggi Shopping Centre (BTSC), Paradigm Mall Petaling Jaya (PMPJ), and Paradigm Mall Johor Bahru (PMJB) – to Paradigm REIT for RM2,437,000,000 (“Disposal Consideration”). The Disposal Consideration will be settled through the issuance of 1,600,000,000 units in Paradigm REIT (“Consideration Units”) at an issue price of RM1.00 per Consideration Unit and a cash consideration of RM837,000,000.

    In the approvals sought during the EGM, the shareholders also endorsed the proposed offering of 560,000,000 units in Paradigm REIT (“Offer Units”) by WCT (“Proposed Offering”).

    This includes a proposed retail offering of up to 254,657,500 Offer Units for the entitled shareholders of WCT, eligible directors and employees of the Group and Paradigm REIT Management Sdn Bhd, being the management company of Paradigm REIT, and the Malaysian public. From the proposed retail offering, 194,862,500 Offer Units will be made available to entitled shareholders of WCT on the basis of 1 Offer Unit for every 8 existing ordinary shares of WCT held by the shareholders whose names appear on the record of depositors of WCT as at the close of business on an entitlement date to be determined and announced later by WCT.

    The Proposed Offering also includes a proposed institutional offering at least 305,342,500 Offer Units, of which 200,000,000 Offer Units are reserved for Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI) of Malaysia and at least 105,342,500 Offer Units to other institutional investors and selected investors.

    The proposed listing of Paradigm REIT is expected to strengthen WCT’s balance sheet by reducing borrowings while offering investors the opportunity to participate in a diversified portfolio of income-generating retail assets, delivering stable cash distributions and long-term capital appreciation.

    Dato’ Lee Tuck Fook, Group Managing Director, WCT Holdings Berhad, said, “We are grateful for the strong support from our shareholders in approving the proposed listing of Paradigm REIT. This strategic initiative not only unlocks the value of our retail assets but also provide WCT with greater financial flexibility to pursue new growth opportunities. We are confident that Paradigm REIT will be a valuable addition to the Bursa Securities Main Market and deliver sustainable returns to our investors.”

    The retail properties under Paradigm REIT are strategically located in populous urban areas in Malaysia. The proposed listing of Paradigm REIT reinforces WCT’s commitment to creating long-term value for stakeholders while solidifying its presence in Malaysia’s real estate investment sector.