Sime Darby Property banking on good prospects continuing

Datuk Azmir Merican.

PETALING JAYA: Sime Darby Property Bhd expects to sustain a favourable outlook this year on the back of improved affordability due to easing interest rates, anticipated recovery of the ringgit, and continued stabilisation of labour availability.

Group managing director Datuk Azmir Merican said despite challenges posed by fluctuating raw-material prices and the exchange rate, the company remains optimistic about its ability to maintain its performance going into 2024, as it continues to be cost-cognizant while monitoring the market.