Sime Darby Property (SIMEPROP) announced Q4 FY2025 sales exceeded expectations, reaching RM1 billion, driven by projects in Selangor and Johor. The company forecasts launching RM3.5 billion worth of new projects in 2026.
Sime Darby Property (SIMEPROP) disclosed strong operational results in its filing to the exchange, with Q4 sales hitting RM1 billion, surpassing analyst forecasts. This success was attributed to steady demand for its affordable luxury residential series and industrial logistics projects. SIMEPROP management expressed optimism for the 2026 outlook, planning to launch new projects with a Gross Development Value (GDV) of approximately RM3.5 billion, focusing on high-growth corridors. This positive news is expected to boost confidence across the property sector, particularly for companies with substantial unbilled sales. Despite persistent rising construction costs, robust buyer demand is anticipated to support higher selling prices and margins.
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