Titijaya Land Buys Two Strategic Properties Near UMS Kota Kinabalu for RM105 Million to Boost Sabah Presence
KOTA KINABALU – Titijaya Land Bhd has announced a major expansion into East Malaysia with the proposed acquisition of two strategically located properties adjacent to Universiti Malaysia Sabah (UMS). With a combined value of RM105 million, this acquisition marks a significant step in the group’s ambitions to strengthen its foothold in Sabah’s growing property market.
The acquisitions are positioned to address student accommodation demand and urban residential needs, riding on the region’s rising population, education infrastructure, and healthcare developments.
🏢 First Acquisition: Student Accommodation Buildings for 3,078 Students
The bulk of the investment, RM99 million, is allocated to the purchase of a fully completed foundation parcel and two blocks of 19-storey, purpose-built student accommodation (PBSA).
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Location: Adjacent to UMS, a major tertiary institution in East Malaysia
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Units: 513 apartment-style student units
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Capacity: Can house up to 3,078 students
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Status: Foundation completed; Titijaya to complete remaining development and begin operations
This property presents a ready-to-operate asset for Titijaya, with demand driven by the nearby UMS student population and the upcoming Hospital UMS, which is expected to further boost residential needs in the area.
“We see strong fundamentals in purpose-built student housing. This asset is strategically located and well-positioned to serve both UMS and surrounding healthcare and institutional catchments,” the group stated.
🏗️ Second Acquisition: Reviving an Abandoned Residential Development
The second deal, worth RM6 million, involves a parcel of land with an incomplete building structure, originally designated for the Bangunan Koperasi UMS project launched in 2012.
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Original plan: 14-storey apartment block with 476 units, plus 38 shop lots
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Current status: Abandoned
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Titijaya’s plan: Revive and realign the development into modern residential properties for locals, students, and UMS staff
This acquisition reflects Titijaya’s growing strategy of urban regeneration and unlocking value from stalled developments, particularly in high-demand university zones.
🌐 Strategic Location in a Rising Suburban Hub
Both properties are located within immediate proximity to UMS, one of Malaysia’s largest universities, and near the under-construction Hospital UMS.
This positioning allows Titijaya to:
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Cater to students, academic staff, and medical professionals
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Leverage connectivity via major roads and public transport links
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Offer walkable convenience to amenities, eateries, and institutional services
This dual-acquisition comes at a time when Kota Kinabalu’s property market is undergoing a transformation — with new mixed-use townships, urban upgrades, and public-private infrastructure initiatives being planned or implemented.
“These assets, once revitalised and integrated into the community fabric, will contribute positively to urban growth in this part of Sabah,” Titijaya said.
🧩 Who’s Involved: Key Stakeholders in the Acquisition
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Seller: Bay Precinct Sdn Bhd (construction firm)
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Land & Asset Ownership: Jointly held with Lok Yee Hsun, one of Bay Precinct’s directors
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Acquisition Agreement: Signed with Yayasan Universiti Malaysia Sabah and related parties
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Project Completion Timeline: Estimated within 9 months
🏙️ Titijaya’s Existing Sabah Presence and Strategic Direction
This is not Titijaya’s first foray into East Malaysia. The group already has:
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The Shore @ Kota Kinabalu – A luxury mixed development
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Citadines Waterfront Kota Kinabalu – A high-end serviced residence managed by The Ascott Ltd
With the new acquisition, Titijaya is deepening its Sabah presence and signifying confidence in long-term regional growth.
“Today’s announcement deepens our foray into Sabah and East Malaysia at large, positioning us to be a long-term beneficiary of the region’s growth,” said Datuk Lim Poh Yit, Managing Director of Titijaya Land Bhd.
📊 Market Implications and Investment Rationale
✅ Why This Move Matters:
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Taps into resilient student housing demand near a top-tier university
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Revives an abandoned project, unlocking latent property value
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Strengthens recurring income potential through rental and student services
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Expands Titijaya’s East Malaysia asset base, diversifying geographical risk
💼 Titijaya by the Numbers:
| Metric | Figure |
|---|---|
| Market Capitalisation | RM321 million |
| Share Price (Last Close) | RM0.24 |
| Total Acquisition Value | RM105 million |
| Student Units Acquired | 513 (3,078-student capacity) |
| Project Completion Timeline | ~9 months |
🧠 Conclusion: A Strategic Bet on Sabah’s Education and Urban Growth Corridors
Titijaya Land’s twin acquisitions near Universiti Malaysia Sabah signal more than just a property purchase. They represent a strategic investment into East Malaysia’s educational, healthcare, and urban growth sectors.
By combining student housing with urban regeneration, Titijaya is positioning itself not just as a builder, but as a community enabler in Kota Kinabalu’s rising property scene.
As Sabah undergoes its next wave of development, these projects may well be catalysts in redefining how purpose-driven real estate investment can drive long-term recurring income and sustainable township integration.
