CHRONOLOGY · HOUSING · NILAI
A buyer-facing chronology of DWI@Rimbun Kasia, Meadowfield and Ireka—from the project's early launch promises and the Hankyu Hanshin joint venture to contractor failure, rescue works, changing completion targets, Ireka's PN17 and delisting, and the project's current KPKT sick-project status.
A buyer-facing chronology of DWI@Rimbun Kasia, Meadowfield and Ireka—from the project's early launch promises and the Hankyu Hanshin joint venture to contractor failure, rescue works, changing completion targets, Ireka's PN17 and delisting, and the project's current KPKT sick-project status.
Ireka said it planned to launch Dwi@Rimbun Kasia before the end of 2014. The then-described RM150 million project was expected to comprise about 380 apartments and be completed in 2017.
KPKT's current register lists DWI@Rimbun Kasia as sick rather than abandoned. The latest Ireka operational disclosure reviewed by PulseKita still described DWI as a project the group was focused on completing, while Ireka itself was delisted from Bursa in March 2026 but continues as an unlisted company. PulseKita has not found a later public announcement confirming CCC or vacant possession for the 382 residential units.
Each step is dated and sourced. Statements, allegations, decisions and confirmed actions stay labelled separately so the timeline does not turn one side's claim into an established fact.
Ireka said it planned to launch Dwi@Rimbun Kasia before the end of 2014. The then-described RM150 million project was expected to comprise about 380 apartments and be completed in 2017.
This was an early development plan before the later 382-unit scheme, formal Meadowfield-Hankyu joint venture and 2018 sales launch.
Ireka later said a planned end-2015 launch had been postponed to the first quarter of 2017 because of delays in obtaining approvals from the authorities.
By 2017 Ireka was again describing the sales launch as scheduled for the fourth quarter of that year. The eventual official launch would not happen until December 2018.
Ireka agreed to bring Japan's Hankyu Hanshin Properties into Meadowfield Sdn Bhd, the company holding the Nilai development. Once the share sale and subscriptions were completed, Ireka would hold 55% and Hankyu 45%.
Ireka disclosed that Meadowfield awarded the group a RM78.396 million contract to construct the 382-unit DWI development. A later Ireka circular records 6 August 2018 as the project commencement date.
Ireka and Hankyu Hanshin officially launched DWI on 15 December. KPKT's housing register records the first SPJB date as 21 December 2018.
Piling, pile caps and foundation works were reported completed and structural works above ground had begun. Ireka's 2019 annual report described DWI as slated for completion by end-2020.
After pandemic restrictions, Ireka reported that the DWI site had reopened and structural works were continuing. Its FY2020 reporting then targeted completion of structural works by end-2021 rather than the earlier end-2020 project target.
Later company reporting linked further delay to FMCO restrictions, labour availability, supply-chain disruption and raw-material pressures.
Ireka became a PN17 issuer effective 28 February 2022 after Bursa's pandemic relief period ended. By 31 October 2022, Ireka reported DWI at about 54% completion and was then targeting the second quarter of 2023.
Ireka said pandemic-era restrictions, labour shortages, supply-chain disruption and material-cost increases had delayed delivery. It said 167 days of extension had been approved and a longer extension had been appealed for.
Ireka said it terminated Ireka Engineering & Construction Sdn Bhd (IECSB) as main contractor for DWI, KaMi Mont' Kiara and ASTA Enterprise Park at the end of 2022.
This becomes one of the key causes Ireka itself later gives for DWI's prolonged delay.
Ireka said a reputable third-party rescue contractor had been appointed for DWI and its other affected internal projects, and that work had resumed at a satisfactory pace.
The public disclosures reviewed by PulseKita do not name the rescue contractor in this announcement.
Ireka's FY2023 accounts show Meadowfield revenue of about RM5.78 million and a loss of about RM13.92 million, versus RM11.91 million revenue and RM1.22 million loss in the preceding period.
The same annual report said a property agent had been appointed to look for buyers for five remaining Meadowfield land parcels, then estimated at about RM58 million. PulseKita treats this as corporate financial context, not proof that the land-sale plan itself caused DWI's delay.
Ireka reported approximately 80.5% physical completion and said the project was on track for completion in the first quarter of 2025. It credited the rescue contractor with addressing previous delays.
Ireka acquired Hankyu Hanshin Properties' remaining 45% equity interest in Meadowfield for total cash consideration of RM1, increasing Ireka's effective ownership from 55% to 100%.
From this point, Meadowfield ceased to be the 55:45 Ireka-Hankyu joint venture and became a wholly owned Ireka subsidiary.
A 2025 Ireka circular put DWI at 83.60% complete and expected completion at 31 July 2025. It described a 43-month delay from a stated 21 December 2021 completion date.
Ireka explicitly attributed that delay to termination of IECSB as main contractor and the difficulty and delay in securing a rescue contractor because of Ireka's PN17 status. The circular estimated liquidated ascertained damages of RM7.64 million. Its 21 December 2021 completion baseline differs from KPKT's official register, which records 21 November 2022 as the project's "Tarikh Patut Siap"; PulseKita keeps both dates visible rather than treating them as the same milestone.
Ireka reported DWI at approximately 83.95% physical completion and targeted completion in the first quarter of 2026. It also said 75% of the 382 units had been sold.
In its results for the period ended 31 December 2025, Ireka said the group remained focused on completing DWI@Rimbun Kasia while targeting the sale of remaining units before completion.
The disclosure did not announce CCC or vacant possession for DWI.
Bursa rejected Ireka's appeal for another six-month extension to submit its regularisation plan and ordered its securities delisted on 10 March 2026.
The delisting applied to parent company Ireka's listed securities. Bursa's notice said the company would continue to exist as an unlisted entity. It does not by itself mean Meadowfield was wound up or DWI was legally abandoned.
The National Housing Department's official sick-project register lists DWI@Rimbun Kasia under developer Meadowfield Sdn Bhd. The register records the first SPJB on 21 December 2018 and the statutory/project due date as 21 November 2022.
KPKT defines a sick private housing project as one delayed by more than 30% against expected progress or one whose sale-and-purchase agreement period has expired. Sick is not the same classification as abandoned.
The DWI case sits inside a wider structural problem. Malaysia has developer licensing, advertising permits, a statutory sale-and-purchase framework, Housing Development Accounts, KPKT monitoring and buyer tribunals. Yet under the prevailing sell-then-build model, purchasers and banks can already be financially committed before the home physically exists.
KPKT has itself said that build-then-sell can reduce the risk of abandoned housing and is planning a gradual transition away from the traditional sell-then-build model. Under sell-then-build, purchasers may already have signed the SPA and drawn financing while construction is still incomplete.
A licensed developer must hold a valid developer licence and advertising/sales permit and must open and maintain a Housing Development Account. JPN also monitors withdrawals from that account. Those controls reduce misuse risk, but they do not guarantee that a project remains commercially solvent or that its contractor will finish the works.
JPN lists poor management of company/project expenditure and inaccurate return-on-investment studies among the causes of abandoned housing projects. A project can therefore comply with the formal sales framework at launch and still later become financially distressed.
KPKT classifies a project as sick when delay exceeds 30% against scheduled progress or the SPA delivery period has expired. Abandoned status is a higher threshold, including prolonged inactivity and formal ministerial confirmation. That means purchasers can spend a long period financially exposed while a project remains 'sick' rather than formally abandoned.
The regulatory system is not passive. JPN can investigate developers, blacklist them, compound or prosecute breaches and coordinate recovery through the TFST. But rescue is still a commercial and construction exercise involving developers, banks, contractors, purchasers, local authorities and utilities.
JPN says a developer involved in a sick project must report the current project status. If the delay is serious, the developer can be called for further investigation and is expected to take immediate action to complete the project. Sick-project involvement is also a ground for blacklisting.
KPKT says its Task Force for Sick and Abandoned Private Housing Projects had recovered 1,576 projects by April 2026, including 1,410 sick projects completed to CCC and 35 abandoned projects recovered physically or through purchaser-resolution plans.
JPN's FAQ says a rescue developer should enter into an agreement with the original developer and discuss the proposed continuation/completion with purchasers to obtain their agreement. That makes purchaser consent a central issue in any rescue proposal that changes economics or settlement terms.
JPN says KPKT can call developers for explanations, require corrective steps and prosecute breaches of the Housing Development Act. Purchasers may separately enforce SPA rights in court. The Homebuyer Claims Tribunal can hear qualifying SPA claims, including LAD, but its normal monetary jurisdiction is RM50,000 unless the parties agree otherwise.
The developer's failure does not automatically cancel the purchaser's financing agreement. That is why a sick or abandoned project can hit a household twice: the expected home is unavailable while financing, rent or alternative housing costs can continue.
KPKT's own abandoned-project FAQ explains that formal abandoned-project confirmation can be needed before purchasers seek certain relief such as restructuring or delaying financing, a second EPF housing withdrawal or specific LPPSA treatment. The practical consequence is that official project status can matter enormously to a household already carrying debt.
JPN says LAD is calculated from the contractual due date until actual vacant possession and becomes payable when the purchaser takes vacant possession. That means LAD can compensate for delay, but it does not necessarily provide cash relief during the years when construction remains unfinished.
The Homebuyer Claims Tribunal normally has jurisdiction up to RM50,000 per claim, unless the parties agree in writing to extend jurisdiction. A purchaser can abandon the excess to stay within tribunal jurisdiction, but doing so discharges the abandoned amount. Larger disputes may therefore require different litigation choices.
A purchaser may have planned the home as a family residence or first investment, then face years of uncertainty, financing obligations and possible alternative accommodation costs. KPKT itself says recovery should restore not merely the physical structure but the dreams and welfare of purchasers affected by sick projects.
This is the part of the DWI story that needs especially careful documentation. Promotional cashback, the SPA purchase price, bank financing, accrued LAD and any rescue settlement are legally and financially different things.
Purchasers have reported that DWI sales packages included substantial cashback and that, for some buyers, the financing exposure reflected a higher SPA/loan amount rather than the net economic price after cashback. PulseKita has not independently audited the individual offer letters, SPAs and loan documents across the purchaser group, so this is presented as a purchaser-reported issue rather than a verified project-wide figure.
PulseKita has not found a public version of the latest white-knight proposal confirming those terms. Until the actual proposal is reviewed, this should be treated as a purchaser-reported concern, not a confirmed legal term or a statement that any specific rescue party is legally entitled to cancel those claims.
In a July 2026 Court of Appeal case involving another development, the court held that a bona fide post-breach full-and-final settlement of accrued LAD could bind purchasers. The judgment also said that, if LAD still had to be calculated, a genuine sales rebate could affect the purchase-price arithmetic. The case does not decide DWI's facts, but it shows why the wording of any rescue or settlement agreement can materially affect later claims.
JPN says a rescue developer should negotiate with the original developer and discuss continuation with purchasers to obtain their agreement. The policy tension is therefore real: a rescue may need fresh economics to finish construction, while purchasers may already have contractual and accrued claims. The public-interest question is how to complete the homes without shifting an excessive share of the rescue cost back onto buyers who already carried the original project risk.
PulseKita is not giving legal advice here. For DWI-specific cashback, LAD or white-knight terms, the actual SPA, rebate/cashback documents, loan agreement, LAD computation and proposed rescue agreement should be reviewed together before any purchaser signs a waiver, settlement or variation.
DWI is currently classified as sick, not abandoned. The national statistics show why that distinction matters — and how many other purchasers face similar project-risk problems.
As at 30 June 2026, KPKT reported 303 private housing projects classified as sick in Peninsular Malaysia, involving 43,288 housing units with an estimated GDV of RM40.25 billion.
KPKT reported 100 projects formally classified as abandoned, involving 27,998 housing units and 14,961 purchasers. Selangor had the highest number of abandoned projects in that June 2026 snapshot.
KPKT said that by June 2026 the TFST had recovered 1,647 troubled projects involving 192,912 housing units and RM153 billion in GDV. Yet 303 sick and 100 abandoned projects still remained in the reported stock.
KPKT's current register continues to list DWI@Rimbun Kasia as a sick project under Meadowfield. That means it is already a serious buyer-protection case, but it has not crossed into KPKT's formal abandoned classification in the public register reviewed by PulseKita.
KPKT's current register lists DWI@Rimbun Kasia as sick rather than abandoned. The latest Ireka operational disclosure reviewed by PulseKita still described DWI as a project the group was focused on completing, while Ireka itself was delisted from Bursa in March 2026 but continues as an unlisted company. PulseKita has not found a later public announcement confirming CCC or vacant possession for the 382 residential units.
Share this page with other purchasers, and privately submit documents or updates that can verify the public record. PulseKita will review evidence before changing the chronology; purchaser names, contact details and uploaded documents are not published automatically.
01What is the current physical completion percentage and actual construction status?
02Who is the current rescue / main contractor and what is the latest completion timetable?
03When will CCC and vacant possession be delivered?
04How will accrued LAD be calculated and paid to purchasers?
05How are original cashback / rebate commitments being treated in the rescue proposal?
06What exactly is the latest white-knight proposal asking purchasers to waive, vary or accept?
07What action has KPKT taken specifically on DWI beyond listing it as a sick project?
08What financing relief, if any, is available to purchasers still paying banks while waiting?
01What is the current physical completion percentage after Ireka's 83.95% figure dated 29 September 2025?
02Has a new formal completion or vacant-possession date been agreed with KPKT and purchasers after the missed Q1 2026 target?
03What is the current status of the estimated RM7.64 million LAD disclosed by Ireka in its 2025 circular?
04Has DWI obtained any partial or full Certificate of Completion and Compliance that has not yet appeared in the public sources reviewed here?
05Who is the current rescue/main contractor and what contractual milestones remain before CCC and vacant possession?
06What practical effect has Ireka's March 2026 delisting had on Meadowfield's funding and ability to finish DWI?
07Why does the current project website still show an estimated completion of 2023 while KPKT continues to classify the project as sick?
01Any KPKT/TEDUH status change from sick to completed or otherwise.
02Issuance of CCC and formal vacant-possession notices to purchasers.
03A new Meadowfield/Ireka construction-progress percentage or completion timetable.
04Any buyer-facing announcement on LAD or compensation.
05Any change in Meadowfield ownership, financing or rescue-contractor arrangement.
06Any formal KPKT intervention or recovery action involving the project.
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