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In an environment where global and regional capital markets increasingly favour asset backed, cash-generative and resilient business models, the new name underscores the Group’s focus on long-life assets, recurring income streams and disciplined asset management. This strategic positioning supports earnings resilience across market cycles and reinforces confidence in the Group’s long-term growth outlook. The new name also reflects the Group’s integrated ecosystem approach, where property serves as the foundation for developing and operating destinations that combine residential, hospitality, transport and services in a cohesive manner. This model enhances asset utilisation, operational synergies and customer experience, while supporting sustainable returns.

Syed Ali Shahul Hameed, Group Chief Executive Officer said, “We are grateful for the strong support and confidence demonstrated by our shareholders at today’s EGM. This approval marks an important milestone in our corporate journey. Property has long been the cornerstone of our value creation strategy anchoring our integrated developments, generating recurring income and supporting sustainable long-term growth. The name Berjaya Property Berhad more accurately reflects our strategic direction and strengthens clarity in the capital markets.

Syed Ali Shahul Hameed, Group CEO of Berjaya Land Berhad said “The opening of the Jesselton Courtyard Sales Gallery reflects our continued confidence in Penang’s long-term economic fundamentals and its position as one of Malaysia’s most resilient and attractive property markets. Penang remains a key growth, supported by strong infrastructure, sustained investment activity and its appeal to both local and international buyers. As Berjaya Land continues to expand strategically, developments such as Jesselton Courtyard demonstrate our commitment to creating enduring value through well-planned, high-quality communities that are aligned with market demand and long-term urban growth.”

Tan Tee Ming, Director of Property Sales & Marketing, Berjaya Land Berhad said “The Jesselton Courtyard Sales Gallery plays a crucial role in bringing the Jesselton Courtyard vision to life for our buyers. It provides a tangible, immersive experience that allows purchasers to fully appreciate the scale, design and lifestyle proposition of this rare low-density enclave in George Town. With encouraging market response from both local and overseas buyers, we see strong momentum ahead, supported by targeted on-ground activations, strategic roadshows and a clear positioning of Jesselton Courtyard as a distinctive, premium residential offering in Penang.”

The topping-out ceremony was attended by key board members, project partners, consultants, stakeholders and invited guests, symbolising the successful completion of the development’s structural works and reaffirming the Group’s commitment to construction quality, efficiency and timely execution.

Syed Ali Shahul Hameed, Group Chief Executive Officer of Berjaya Land Berhad said, “The structural completion of OAKA Residences reflects our unwavering focus on quality workmanship, disciplined execution and timely delivery. We are encouraged by the positive response from buyers and the steady progress in sales, which we see as a clear vote of confidence in the quality and value of this development. This strong demand reinforces our belief that well-planned, well-built homes continue to resonate with the market. As we move towards completion, our priority remains delivering a development that meets the expectations of homeowners and upholds the trusted Berjaya standard.”