WM Senibong Berhad (WM Senibong) has completed the acquisition of Kews Senibong Sdn Bhd and the landholdings of the Senibong Golf Club from Walker Corporation Pty Ltd (Walker). The transaction cements WM Senibong’s position as a key developer and market leader in the Iskandar Malaysia growth corridor.
The acquisition adds approximately 270 acres of prime mixed-use land in Iskandar Puteri, Johor, to the Group’s portfolio. The land comprises The Kews parcel and the Senibong Golf Club development lands, valued at RM400 million. Together, the site represents a significant landbank with an estimated gross development value (GDV) of RM6 billion for the overall master development.
Located in one of Iskandar Puteri’s most established neighbourhoods, The Kews is surrounded by premier amenities. These include international schools such as Marlborough College and Raffles American School, as well as healthcare facilities like Gleneagles, Columbia Asia, and the upcoming Sunway Healthcare. The area is further supported by lifestyle destinations including Sunway Iskandar, Eco Botanic, Puteri Harbour, Medini and Horizon Hills. Connectivity is enhanced by direct access to Singapore via the Tuas Second Link.
According to CK Quay, Chief Executive Officer of WM Senibong, the acquisition secures one of the most sought-after remaining land parcels in Iskandar Puteri.
“The Kews landbank is exceptionally valuable, not only for its size and location, but for what it allows us to create,” said Quay. “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.”
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.
Quay added that the acquisition will have a meaningful impact on the Group’s financial performance. “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 more.”
Under WM Senibong’s guidance, Kews Senibong will continue to work closely with local authorities and key stakeholders. The Group remains committed to responsible master planning, sustainable urban growth, and the delivery of well-integrated amenities that support the wider Iskandar region.
