KUALA LUMPUR: Sime Darby Property Bhd
is on track to achieve sales target of RM3.6 billion and gross development value (GDV) launches worth RM4 billion for the financial year 2025 (FY2025).
Its group managing director and chief executive officer, Datuk Seri Azmir Merican said the company recorded RM3.4 billion in sales in the first nine months of 2025, representing 93 per cent of its full-year sales target for FY2025, while GDV launches reached RM2.5 billion over the same period.
"We have just recorded our highest nine-month sales result at RM3.4 billion, which is in fact almost our full year target at 93 per cent of the RM3.6 billion, and this is a very strong result.
"Besides, RM1.5 billion in GDV with 1,160 units of township development and integrated development are expected to be launched in the fourth quarter 2025,” he said during a virtual media briefing following the announcement of its financial results for the third quarter ended Sept 30, 2025.
Azmir said Sime Darby Property has sustained momentum across its diversified product portfolio with strong growth from the property development segment across 26 townships, driven by a well-diversified mix of residential, industrial and commercial products.
He added that there is also a growing retail segment, supported by three wholly owned malls which are KL East, Elmina Lakeside Mall and Kuala Lumpur Golf and Country Club (KLGCC) Mall.
Besides, he said, Sime Darby Property currently owns a 4,492-hectare land bank with over RM100 billion in GDV.
Azmir said the group is optimising its largely Klang Valley-based land bank by focusing on high-rise projects and accelerating its industrial launches.
He said the company is now focusing on its expansion into the high-growth data centre (DC) asset class namely its two hyperscale DCs at Elmina Business Park spanning 50.99 hectares which strengthen its recurring income portfolio aligning with the SHIFT25 strategy.
"We are translating the secured lease value of RM7.6 billion over the next 20 years,” he added. - Bernama
