Sime Darby Property Announces RM1.5 Billion New Launch in Johor

January 30, 2026

Company News

Star Biz

Sime Darby Property plans to launch a RM1.5 billion integrated development project in Iskandar Puteri, Johor. The move aims to capitalize on anticipated demand driven by the proposed Johor-Singapore Special Economic Zone (SEZ).

Sime Darby Property Bhd announced today the launch of a major integrated project in Iskandar Puteri, Johor, with a Gross Development Value (GDV) of RM1.5 billion. The project will feature a mix of high-end residential and commercial units, slated for phased launch over the next three years. Management stated this move is a direct response to the announced Johor-Singapore Special Economic Zone (SEZ), which is expected to significantly boost demand for quality real estate. Sime Darby Property’s share price reacted positively, gaining 2.5% to RM0.82 for the day, reflecting market optimism regarding Johor’s property outlook.

View Source: Star Biz

Related News

February 7, 2026

Top Glove Q4 Earnings Beat Expectations, Share Price Rises

Top Glove Corp Bhd announced better-than-expected fourth-quarter results, with a significant reduction in net loss, signaling signs of industry recovery. Boosted by this positive news, the company's share price rose 2.5% on Friday, closing at RM0.925.

February 7, 2026

Genting Bhd Announces Q4 Earnings Growth, Benefiting from Tourism Recovery

Genting Bhd announced a 25% year-on-year profit increase for Q4 FY2025, primarily driven by the ongoing global tourism recovery and strong performance from its leisure and hospitality segments.

February 7, 2026

Maybank and CIMB Defy Cautious Market Sentiment with Gains

Despite overall cautious market sentiment, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd saw modest gains on Friday. Investors are optimistic about the banking sector's resilience amid economic recovery, with both blue-chips showing strength.