BEDI's RM38.87m Sabah Land Deal Adds RM1.13 Billion in New Development — Here's Where

BEDI Bhd is seeking shareholder approval to acquire two Sabah property developers from a related party for a combined RM38.87 million — a deal that brings roughly RM1.13 billion in remaining unbilled and unsold gross development value (GDV) into the company's pipeline, spanning projects in Sandakan and Kota Kinabalu.

What happened

BEDI has agreed to acquire the entire equity interests in Sejati Sentral (Sandakan) Sdn Bhd for RM17 million and FYT Land (KK) Sdn Bhd for RM21.87 million, both purchased from related party BEDI Development Sdn Bhd. The deal covers three active projects:

• Sejati Project (Sandakan) — a four-phase integrated commercial development on 16.85 acres along Jalan Airport, comprising 141 two-storey terraced shop-offices, six linked shops, an F&B outlet, and a five-storey boutique hotel. As of August 21, 73.12% of launched units were sold. Phases are due for completion between Q1 2027 and Q2 2028.
• Bayu Damai Residences (Kota Kinabalu) — 762 apartment units, 80.45% sold, completing Q4 2028.
• Luna Damai Residences (Kota Kinabalu) — an unlaunched 743-apartment-plus-4-retail-unit project, targeting a Q2 2027 launch and Q4 2031 completion.

Shareholders will vote on the acquisition at an EGM scheduled for September 28, 2026, with completion expected in Q4 2026.

Why it matters

Combined, the deal adds over 1,500 residential units and a 141-unit commercial project to BEDI's Sabah pipeline, with a projected gross development profit of RM146.94 million. High existing sales rates — over 73% and 80% respectively on the two launched projects — signal steady buyer demand in both Sandakan and Kota Kinabalu, meaning these aren't speculative land banks but developments actively moving toward handover.

What this means for landscapers and turf suppliers

Three separate developments, in two different Sabah towns, phased for completion between 2027 and 2031, is exactly the kind of pipeline that turns into staggered landscaping demand over the next several years:

• Sejati Project's Q1 2027 first phase is the nearest-term opportunity — commercial shop-office developments need grounds and frontage landscaping ready for tenant handover.
• Bayu Damai's 762 units completing Q4 2028 and Luna Damai's 743 units following in Q4 2031 represent large-scale residential grounds work, likely including common areas, courtyards, and unit-level turf for landed or ground-floor components.
• Developers moving from land acquisition to active construction typically start sourcing landscaping and turf suppliers 6–12 months ahead of handover — worth flagging on the calendar now for anyone wanting first look at the tender.

The bottom line

BEDI's RM1.13 billion pipeline is a reminder that Sabah's development activity is far from slowing down — and each phase, from Sandakan's shop-offices to Kota Kinabalu's apartment towers, will need grounds and turf work before a single unit changes hands.