PETALING JAYA: Analysts are mostly upbeat about Sime Darby Property Bhd
’s (SimeProp) strategic joint-venture (JV) with its sister company SD Guthrie Bhd to develop 2,000 acres of land on Carey Island, Selangor, into a future-ready industrial and logistics hub.
While details about the master plan remain limited, Kenanga Research said in a report: “We estimate a potential gross development value (GDV) of RM20bil to RM30bil over 20 years based on typical industrial benchmarks.”
