SkyWorld’s latest land buy offers rich potential

Phillip Capital Research trimmed its earnings forecasts for SkyWorld for 2026 and 2027 by between 2% and 3%.

PETALING JAYA: Skyworld Development Bhd’s maiden venture into the luxury residential segment via a purchase of a three-acre piece of land in Mont Kiara, Kuala Lumpur, is viewed positively by analysts.

The property developer has proposed to acquire the land, which has a potential gross development value (GDV) of between RM800mil and RM900mil, for RM110mil.