JOHOR BAHRU: WM Senibong Bhd has acquired Kews Senibong Sdn Bhd and the landholdings of the Senibong Golf Club from Walker Corporation Pty Ltd, expanding its landbank for future developments. The acquisition adds about 270 acres of mixed-use land in Iskandar Puteri, Johor, valued at RM400mil, with an estimated gross development value (GDV) of RM6bil.
The Kews area is well-positioned with amenities such as Marlborough College and Raffles American School, healthcare facilities like Gleneagles and Columbia Asia and lifestyle destinations namely Sunway Iskandar and Eco Botanic. It also has direct access to Singapore via the Tuas Second Link.
“The Kews landbank is exceptionally valuable, not only for its size and location, but for what it allows us to create. Its proximity to established amenities, infrastructure and growth corridors provides a strong foundation for an integrated development. This includes residential, commercial, lifestyle and community components, creating long-term value for both WM Senibong and Johor,” said WM Senibong chief executive officer CK Quay.
The acquisition marks a key milestone in Kews Senibong’s five-year development roadmap. The plan focuses on a balanced product mix comprising 60% landed residential, 20% high-rise developments and 20% commercial projects. To date, this strategy has delivered tangible results with Kews Senibong recording a steady annual sales growth of approximately 25% to 30%, driven primarily by local demand.
“From 2026 onwards, we expect this development to contribute a double-digit percentage growth in revenue and earnings. Beyond the numbers, it anchors WM Senibong’s strategic presence in Iskandar Puteri for the next decade and beyond,” added Quay.
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