Sime's RM30b project to boost group synergy

By Sharen Kaur
Published in NST on March 8 2010

SIME Darby Property Bhd (1473) said the RM30 billion Sime Darby Vision Valley is poised to maximise synergies within the Sime Darby Group and place the company on a new level in the property development sector.


Edge Malaysia's Top Property Developers Awards 2009 ranks Sime Darby Property as the No. 1 property developer in Malaysia.

It became the largest property group in Malaysia, following the merger of the property arms of Golden Hope Plantations Bhd, Kumpulan Guthrie Bhd, SIME UEP Properties Bhd and Negara Properties (M) Bhd in 2007.

"Things are getting better for us after the merger. We are involved in property development, property investment and asset management, as well as hospitality and leisure businesses. As a bigger group we can do more," managing director Datuk Tunku Putra Badlishah told Business Times.

Although its main operations are located in Malaysia, Sime Darby Property has international footprints in property with related businesses in Singapore, Indonesia, Vietnam, China, Australia and the UK.

Last year, Sime Darby Property posted a profit before tax of RM461.9 million, on revenue of RM1.4 billion.

The firm is involved in the development of several townships in the Klang Valley worth more than RM15 billion.

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