Sime Darby Property Bhd announced a 15% increase in net profit for the fourth quarter, reaching RM120 million, primarily driven by robust sales of its high-value property projects. The company maintains an optimistic outlook for 2026, with plans to launch more premium residential developments, signaling confidence in the recovering property market segment.
Sime Darby Property Bhd announced impressive fourth-quarter results, with net profit increasing by 15% year-on-year to RM120 million. This significant growth was primarily attributed to robust sales of several high-value residential projects in strategic locations such as Selangor and Johor. The company stated that despite a challenging market environment, demand for prime locations and well-designed properties remains strong. Sime Darby Property's CEO expressed optimism for the outlook in 2026, with plans to launch new projects valued at over RM3 billion, most of which will focus on premium residential and integrated developments. This strategy aims to capture the growing affluent buyer segment and further solidify its leadership position in the Malaysian property market. The company's shares closed up 0.5% at RM0.98 on Friday, reflecting investor confidence in its performance and future growth strategy.
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