Magna Prima was incorporated in Malaysia on 5 December 1995 as a private limited company before subsequently being converted to a public limited company, assuming its listing status on Bursa Malaysia and adopting its present name of Magna Prima Berhad on 16 January 1997.

Magna Prima Berhad is an investment holding company and through its subsidiaries, provides a diverse range of property development, building construction, trading and management services.

Focussed in the Klang Valley, Magna Prima Berhad is a niche developer of integrated lifestyle themed projects that attract robust take up rates. The Group focuses on purchasing and developing pocket-sized landbanks which are located in high density areas, with easy accessibility and have a significant gross development value.

Magna Prima's two current signature projects are The Avare and The Istana, Melbourne.

The Avare, an immaculate 6-star super luxury condominium located near KLCC, was awarded the CNBC Asia Pacific Property Award in the light rise development category. This jewel in Magna Prima's portfolio is spread over 1.06 acres of magnificently landscaped terrain and consists of one 41-storey tower that houses just two units per floor.

The Istana Melbourne, a 25-storey single tower apartment located in the heart of Melbourne’s Central Business District. The building’s design, both internal and external, exudes timelessness and elegance which residents will find easy to enjoy.