KUALA LUMPUR: Berjaya Land Bhd
’s (BLand) wholly-owned subsidiary, Berjaya Greenland Invest A/S, has inked a memorandum of understanding (MoU) with SIBS Sdn Bhd to deliver efficient, climate-resilient homes through modular housing in Greenland.
SIBS, a Sweden-based company with a manufacturing facility in Penang, is a global leader in modular housing systems.
In a filing with Bursa Malaysia yesterday, BLand said the partnership aims to deliver efficient, climate-resilient homes through modular construction – a modern approach that enables faster deployment, cost savings and long-lasting quality.
The group said the housing initiative is currently in the planning and design phase, with the launch expected soon.
“Beyond improving housing access, the project is expected to generate meaningful economic benefits – including job creation, local contractor involvement and long-term urban growth,” it said.
Group chief executive officer Syed Ali Shahul Hameed said the project reflects BLand’s broader vision of creating high-quality developments that are efficient, adaptable, and built with long-term impact in mind.
“Modular construction offers a smart and timely approach, allowing us to deliver faster and cost-effective homes while supporting local capacity-building.
“Our focus remains on developing spaces that not only serve today’s needs but also lay the groundwork for resilient, connected communities in the years ahead,” he added.
BLand is also working closely with Greenland’s Nuuk Municipality to explore the next phase of development, including but not limited to a hotel and hotel residences to support Greenland’s growing tourism sector.
The group added that the hospitality investment is intended to meet this demand while maintaining a strong commitment to cultural and environmental sustainability.
Nuuk is poised to become a key Arctic destination following the inauguration of the city’s new international airport in November 2024. — Bernama
