OTHER BUSINESSES

Transforming Spaces , Creating Dreams

OTHER BUSINESSES

Transforming Spaces , Creating Dreams

EPMB has made additional investments in various sectors. In 2022, they acquired Kensington Development, a well-established property development company with a rich history dating back to 1999. Over the past decade, Kensington Development successfully completed three significant projects in Taman Seri Pelangi, Kota Kinabalu, Sabah, amounting to a Gross Development Value (GDV) of over RM40 million. Notably, in December 2021, the development plan for Phase 3, the next project in Taman Seri Pelangi, received approval from Dewan Bandaraya Kota Kinabalu. This upcoming venture, in collaboration with BinaPuri, is expected to be launched in the first quarter of 2024, subject to regulatory approvals. These investments reflect EPMB’s diverse portfolio and their commitment to expanding their presence in the property development sector.