Sime Darby Property announced the launch of several new residential and commercial projects, targeting a 10% sales growth for fiscal year 2026. This move reflects the company's confidence in the recovering property market and its strategic expansion plans to capture increasing demand from homebuyers and investors alike.
Leading property developer Sime Darby Property Bhd announced plans to launch several new projects with a total Gross Development Value (GDV) of RM3.5 billion for fiscal year 2026, including township developments in Selangor and Johor. The company's management stated their target is to achieve a 10% sales growth, aiming for RM3.2 billion. These new projects will focus on affordable housing and high-value industrial parks to cater to evolving market demands. This move indicates Sime Darby Property's optimism regarding the long-term prospects of the Malaysian property market, despite challenges in construction costs, and its commitment to solidifying its market leadership.
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