Sime Darby Property remains optimistic to achieve RM2.6b target

by SHAFIQQUL ALIFF / Pic courtesy of Sime Darby Property

SIME Darby Property Bhd remains optimistic and focused on achieving the financial target of RM2.6 billion as announced earlier this year, amid facing various challenges and the issue of rising prices of building materials this year.
Sime Darby Property group MD Datuk Azmir Merican Azmi Merican (second from left) said it is on track to achieve the set targets contributed by industrial products and has various projects launched in the city based on its product.
He said the firm is focused on ensuring that it can achieve its financial targets and can deliver it operationally to ensure the disruption has minimised the risk and managed costs more carefully.
“In the short term, we see how operations can be improved and achieve our targets and be able to pay the dividend.
“Our next launches in Bandar Bukit Raja, Klang in Selangor, are double storey links which are going towards the fourth quarter of this year. But overall at the Sime Darby Property level, we are looking at 50% residential and the other half on industrial for our development for this year.
“That is why we are very excited about the industrial development so far,” he said during the press conference after the launch ceremony of the flyover at Jalan Meru.
Sime Darby Property Bhd posted its second quarter of 2022 (2Q22) sales momentum is expected to remain strong and the group should be able to achieve its full-year sales target of RM2.6 billion as the group registered new sales of RM888.9 million in 1Q22.
Earlier, Sime Darby Property officially launched a 420m-long flyover on Jalan Meru in Bandar Bukit Raja with a total cost of RM73.5 million, connecting Persiaran Sungai Keramat, Persiaran Astana and Bandar Setia Alam.
The flyover was built on Jan 16, 2020, and was fully completed on June 15, 2022, is expected to benefit the users of Jalan Meru, with a dedicated ramp to ensure smoother traffic flow towards the West Coast Expressway.
Azmir Merican added that the development of the flyover is in line with the company’s efforts to upgrade and update the road infrastructure in the township and support the state government’s agenda to build and develop a more systematic and efficient state road network system.
He said Bandar Bukit Raja has grown exponentially since it was launched two decades ago, offering a diverse mix of residential projects and commercial properties.
“We are not just building houses, we are also building connectivity and road network and safety while providing convenience to residents and road users in one of the more mature townships in Selangor at the same time.
“The municipality also contributes to the growth of the company’s industrial portfolio by attracting local and international investors and operating to some of our largest industrial parks, namely the Bukit Raja City Industrial Gate and the recently launched E-Metro Logistics Park,” he said.
In addition, Azmir Merican said with a gross development value of RM17.1 billion, Bandar Bukit Raja is a 1,753.5ha freehold township envisioned as a fully integrated and self-sufficient township with a distinctive balance of residential, industrial and commercial components.
With an estimated population of 105,000 people upon completion, he said they will continue to invest in infrastructure for the benefit of residents and the commercial development of the area.

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