KWAP’s new retirement community project in Kepala Batas offers affordable living options for Malaysia’s ageing population, prioritising pensioners.
KEPALA BATAS: The Retirement Fund Inc (KWAP) has launched a pilot retirement community project here in collaboration with the Penang Islamic Religious Council (MAINPP) and its property development arm KWEST Sdn Bhd.
Prime Minister Datuk Seri Anwar Ibrahim announced the initiative, which reflects KWAP’s commitment to national well-being under the MADANI Economy framework through investments delivering both financial and social value.
The project will be developed on approximately 4.05 hectares of Baitulmal land owned by MAINPP, marking a new partnership model between institutional investors and state religious councils for sustainable community development.
KWEST will serve as development manager, overseeing project planning and implementation on KWAP’s behalf.
Designed with affordability and flexibility, the independent living concept will offer lease options and curated programmes with MAINPP to enrich retirees’ lives through continuous learning and social engagement.
The project will be open to the public with priority given to pensioners, forming part of KWAP’s efforts to build an inclusive and thriving silver economy.
KWAP chief executive officer Datuk Nik Amlizan Mohamed said “Through this pilot project, we are translating policy into tangible impact to support Malaysia’s ageing population.”
The pilot project is part of KWAP’s RM300 million allocation under Budget 2026, aimed at enabling similar developments nationwide. – Bernama
