I-Berhad commits RM10mil for i-City smart city push
The latest initiative underscores the company's focus on embedding artificial intelligence and robotics into the core of i-City's ecosystem, transforming it into a truly tech-enabled intelligent city.
In a statement, I-Berhad said these technologies will be integrated into building management systems, tenant services, and community engagement platforms, aimed at boosting automation, operational efficiency, and personalised urban experiences.
"Our growth journey has always been grounded in bold vision and forward planning," said chairman Tan Sri Lim Kim Hong.
"i-City was built two decades ago as Malaysia's first digital city with fibre-to-home broadband and smart infrastructure. Today, we are ready to write the next chapter by elevating i-City into an intelligent, adaptive urban ecosystem."
With a strong recurring income base, sustained earnings growth, and an expanding digital infrastructure, I-Berhad is positioning i-City as a tech-centric urban hub that appeals to businesses, residents, and digital tourists, while enhancing overall property values within the development.
The group delivered a robust financial performance in 2024, with revenue climbing 27 per cent year on year. Profit attributable to shareholders rose 143 per cent to RM29.2 million, up from RM12 million in 2023, a testament to the group's solid fundamentals and evolving business model.
This growth trajectory continued into the first quarter of 2025 (Q1 2025), with revenue surging 53 per cent and net profit attributable to shareholders jumping 144 per cent year-on-year.
All three of I-Berhad's core segments, property development, property investment, and leisure and hospitality, contributed meaningfully to earnings, reinforcing the strength of its diversified operations.
According to Lim, these results reflect I-Berhad's successful pivot from a conventional property developer to a future-ready platform focused on long-term value creation through asset optimisation, digital transformation, and stable recurring income.
The group's digital initiatives are designed to be self-sustaining, with monetisation driven by SuperApp service revenues, enhanced leasing from value-added property solutions, and cost savings through predictive maintenance and automation, he said.
Lim said that by placing technology at the core of its business model, I-Berhad is strategically positioned at the intersection of real estate, digital innovation, and recurring income, unlocking scalable growth and new value creation opportunities.
"With a technology-forward model and recurring income focus, I-Bhd is well-positioned to create long-term shareholder value," said Lim.
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