KUALA LUMPUR (June 16): Berjaya Land Bhd (KL:BJLAND), via its wholly owned subsidiary Berjaya Greenland Invest A/S, has signed a memorandum of understanding (MOU) with SIBS Sdn Bhd to deliver climate-resilient modular housing in Greenland.

SIBS is a subsidiary of Sweden-based SIBS AB Group that specialises in modular construction and has a manufacturing facility in Penang.

In a media statement on Monday, Berjaya Land has stated that the partnership aims to deliver efficient, climate-resilient residential apartments through modular construction that enables faster deployment, cost savings and long-term quality. 

To that effect, Berjaya Land has engaged with the Municipality of Nuuk and secured lands in Nuuk for the housing project, which is in the planning and design phase and is targeted to launch next year. 

With a gross development value (GDV) of RM170 million, the housing project will comprise 66 apartment units housed across eight blocks with built-ups from 2,152 to 4,305 sq ft (200 to 400 sq m). Construction is targeted to commence in July 2026 and is expected to be completed in two years. 

"This project reflects Berjaya Land'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," said Berjaya Land group CEO Syed Ali Shahul Hameed in the statement. 

Meanwhile, the developer is also working closely with the municipality to explore the next phase of development, which includes but is not limited to a hotel and hotel residences to support Greenland's growing tourism sector.