Sime Darby Property Bhd (SDPROP) anticipates robust Q4 results, fueled by high take-up rates exceeding 90% for new launches, particularly projects like Elmina Ridge.
Sime Darby Property Bhd (SDPROP) anticipates a strong performance for its upcoming financial results for the fourth quarter of FY2025. The company reported continued enthusiastic response to its new launches across Selangor and Johor. Specifically, its landed residential projects in Elmina City and Serenia City have achieved average take-up rates exceeding 90%. Management attributed the strong sales momentum to its balanced portfolio mix of affordable and premium housing. Analysts project SDPROP’s net profit to increase by 15% year-on-year for FY2025, benefiting from stable construction costs and efficient land banking management. SDPROP shares closed up 0.5 sen at 68 sen today.
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