Eden at Botanica CT, APAM partner to integrate PRS into senior living project

PETALING JAYA (June 24): Eden at Botanica CT and AIA Pension & Asset Management Sdn Bhd (APAM) have signed a memorandum of understanding (MoU) to embed Private Retirement Scheme (PRS) solutions into a senior living development, linking housing with structured retirement savings for Malaysia’s ageing population.

Under the collaboration, purchasers of residential units at Eden at Botanica CT’s senior living project in Balik Pulau, which is scheduled for completion in 2027, will receive a RM25,000 PRS contribution from Eden at Botanica CT.

The amount will be invested into APAM’s PRS funds upon purchase, and buyers will also receive complimentary personal accident (PA) insurance coverage of up to RM250,000.

The PRS solution is positioned as part of a broader ecosystem that combines healthcare, financial preparedness, lifestyle offerings and community care within the development.

Eden at Botanica CT Sdn Bhd director and MTT Group of Companies group chairman Datuk Seri Kenny Ong said Malaysia’s ageing population is both a challenge and an opportunity to rethink what retirement living should look like.

“Eden at Botanica CT’s commitment extends beyond accommodation to building a holistic ecosystem that supports healthy and active ageing, enabling seniors to live independently, access the support they need and enjoy greater peace of mind in their retirement years,” he said in a statement.

“Healthcare is a growing concern for seniors, which is why we continuously look to strengthen our care ecosystem.

“Through our partnership with APAM, innovation, and undivided focus on our residents, we aim to play a key role in shaping the future of senior living while simultaneously helping Malaysians embrace retirement as a rewarding, enriching stage of life,” he added.

Penang State executive councillor for social development, welfare and non-Islamic religious affairs Lim Siew Khim said the partnership is an important step towards advancing a more holistic approach to senior living.

“Beyond having a place to call home, proper retirement planning is becoming increasingly critical as people seek greater financial preparedness for their later years.

“Our scheme sets Eden at Botanica CT apart and, combined with our end-to-end approach, we hope to empower seniors to plan ahead, live independently and embrace retirement with greater confidence, security and peace of mind,” she said.

APAM general manager and director Nur Aini Ali Kasim said retirement is no longer something abstract or distant, as Malaysia is moving steadily towards becoming an ageing society.

“APAM’s focus has always been on helping individuals build something progressively over time, through a structured and disciplined approach. What matters most to us is the role we play in helping individuals prepare, quietly but meaningfully, for the future,” she said.

She described APAM’s philosophy as being rooted in long-term stewardship, an understated yet deliberate commitment to guiding individuals towards financial readiness over time, rather than chasing short-term outcomes.

“What makes PRS particularly important is the reality that it addresses many Malaysians who risk outliving their savings. PRS was designed as a proactive solution.

“We are extending complimentary personal accident coverage of up to RM250,000. It is about reflecting something we believe is important – that as individuals plan for the future, they should also feel protected in the present,” she said.

She also said PRS is not merely a savings instrument, but a more holistic proposition that acknowledges both longevity risk and the immediate need for protection, reinforcing confidence for individuals at every stage of their financial journey.

The collaboration reflects a broader shift towards integrating lifestyle, healthcare and financial planning within senior living developments, with PRS positioned as a structured long-term retirement savings tool. It comes as Malaysia moves towards an ageing society, with 19.8% of the population and 26.2% of Penang projected to be aged 60 and above by 2040.

The development will comprise 350 residential units and targets residents aged 60 and above, while also allowing secondary residents, including adult children below 60, to create a dual-generational community.

Units will be sold rather than leased. Each unit will come partially fitted with kitchen cabinets, wardrobes and selected furnishings, including air-conditioning units and beds.

Residents will have access to licensed nursing care, 24-hour carers, smart safety and assisted-living technology provided by Corricare Malaysia, wellness and activity programmes, and optional on-demand services. The wider Botanica.CT township will also include a nearby care residence and a medical centre.

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