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In tandem, mega development launches have captured headlines across Malaysia, including SkyWorld Development Bhd’s launch of its largest affordable project in Penang and the Negeri Sembilan government’s unveiling of the RM1 billion Auto City development in Nilai.
The ambitious plan involves the construction of more than 35,000 freehold affordable housing units across Seberang Jaya (34 acres) and Kawan (161.5 acres) in Penang
Launch momentum is expected to accelerate in 2H26, supported by strong demand for newly launched projects like SkyAwani PRIMA in Brickfields that launched in October, while SkyAwani 6 in Setapak opened for signing this month and is about 70% booked
Let’s also not forget that SkyWorld Development is spending about RM133 million in cash to fully acquire a Vietnam company that owns a prime, approved high-rise mixed-use land in Ho Chi Minh City, allowing the group to expand into Vietnam with a project that is already at an advanced approval stage and positioned to contribute to long-term earnings growth.
