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SkyWorld Pearlmont is the first affordable housing development in Penang to adopt PPVC which involves constructing fully finished building modules complete with electrical fittings, plumbing, and interior finishes in a controlled off-site facility. These modules are then transported and efficiently assembled on site like building blocks, significantly streamlining the entire construction process.
SkyWorld plans to launch five projects this year. 3 projects in KL: SkyAman1 Residences in Cheras, SkyAwani PRIMA Residences in Brickfields and SkyAwani 6 Residences in Setapak.
The two other projects are in Penang: the 31.28-acre SkyAwani Pearlmont Residences (Phase 1A) in Seberang Jaya , and the 25.9-acre SkyAwani Cassia Residences (Phase 1A) in Batu Kawan
SkyWorld’s balance sheet remains strong, with RM387.2mil in cash and a low net gearing of 0.12x, giving the company room to grow without depending on costly loans
SkyWorld has a huge RM483mil unbilled sales for FY26, are expected to support the group’s performance, alongside progressive revenue recognition from ongoing projects and sales of completed inventories.