SimeProp’s industrial properties get a boost

While landed properties remain the key sales contributor over the medium term, the research firm pointed out that SimeProp planned to diversify its product launches to include more high-rise residential and industrial products.

PETALING JAYA: With the re-opening of Malaysia’s borders on April 1, Sime Darby Property Bhd (SimeProp), which is one of the largest industrial park owners, could attract foreign demand for its industrial properties.

Meanwhile, the demand for its bread-and-butter township projects is expected to remain resilient, providing a strong foundation for earnings, said Maybank Investment Bank Group Research.