Kuala lumpur: Sime Darby Property Bhd is on track to achieve its 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, announced that the company recorded RM3.4 billion in sales in the first nine months of 2025, which represents 93 percent of its full-year sales target for FY2025. The GDV launches reached RM2.5 billion over the same period.

According to BERNAMA News Agency, Azmir highlighted during a virtual media briefing that they have achieved their highest nine-month sales result at RM3.4 billion, which is almost the full-year target. Additionally, RM1.5 billion in GDV with 1,160 units of township and integrated development are anticipated to launch in the fourth quarter of 2025.

Azmir explained that Sime Darby Property has maintained momentum across its product portfolio, showing growth in the property development segment across 26 townships. This growth is supported by a mix of residential, industrial, and commercial products. The retail segment is also expanding, bolstered by three wholly owned malls: KL East, Elmina Lakeside Mall, and Kuala Lumpur Golf and Country Club (KLGCC) Mall.

Sime Darby Property owns a 4,492-hectare land bank with over RM100 billion in GDV. Azmir stated that the group is optimizing its Klang Valley-based land bank by focusing on high-rise projects and industrial launches. The company is expanding into the high-growth data center asset class with two hyperscale data centers at Elmina Business Park, enhancing its recurring income portfolio in line with the SHIFT25 strategy. The secured lease value is RM7.6 billion over the next 20 years.