August 30, 2014 6:45 AM ET

Real Estate Management and Development

Company Overview of Sime Darby Property Berhad

Company Overview

Sime Darby Property Berhad engages in the residential, commercial, and industrial property development in the Asia-Pacific region. The company also engages in asset management, hospitality, and leisure projects. It has projects in Malaysia, Singapore, Australia, Indonesia, Vietnam, and China. The company was founded in 2007 and is based in Petaling Jaya, Malaysia. Sime Darby Property Berhad operates as a subsidiary of Sime Darby Berhad.

Block G, 10th Floor

No.2, Jalan PJU 1A/7A, Ara Damansara, PJU 1A

Petaling Jaya,  47301


Founded in 2007


60 8 0088 1118

Key Executives for Sime Darby Property Berhad

Managing Director
Age: 63
Chief Financial Officer
Head of Property Development II
Head of Property Development I
Age: 50
Chief Investment & Marketing Officer
Compensation as of Fiscal Year 2014.

Sime Darby Property Berhad Key Developments

CapitaMalls Asia and Sime Darby Property Begin Construction of Melawati Mall Located North East of Kuala Lumpur

CapitaMalls Asia Limited and Sime Darby Property announced a key milestone by commencing construction of their shopping mall located on prime commercial land in the Taman Melawati commercial area. The shopping mall, named Melawati Mall, is set to become a lifestyle city shopping complex north east of Kuala Lumpur when it is completed in end 2016. Under a 50:50 joint venture, CapitaMalls Asia and Sime Darby Property are developing Melawati Mall into an eight-storey shopping mall with a net lettable area of about 620,000 square feet. Positioned as a one-stop retail and lifestyle destination, Melawati Mall aspires to bring the city shopping experience, with its comprehensive and fashionable offerings, to the residents of Melawati township and nearby towns. When it is completed, the mall, fronting the Middle Ring Road 2 (MRR2), will serve an estimated 800,000 people within a 15- minute drive. The total development cost is expected to be about MYR 670.0 million. The 1,200-acre Melawati township is a cluster of precincts that includes Taman Melawati, Wangsa Melawati and Desa Melawati. It also encompasses Taman Melati, Wangsa Maju, Taman Permata and Kemensah Heights in the vicinity. The township is also close to an established Kuala Lumpur international school, as well as popular tourist destinations such as Batu Caves and the National Zoo.

Sime Darby Property Mulls Listing

The board of Sime Darby Berhad (KLSE:SIME) has raised the issue of Sime Darby Property Berhad for discussions, Datuk Abdul Wahab Maskan, Group Chief Operating Officer of Sime Darby Berhad said. He added that says the listing of Sime Darby Property if it happens has been mentioned at group-level discussions. "In terms of attributes for listing, I don't think the answer is no. However, for a listing, we have to look at which combination gives us the best value. This has been mentioned at the group level. The group president Tan Sri Mohd Bakke Salleh also highlighted that this is not impossible because investors are expecting us to extract more value. Yes, we have a plan for that and it is being looked at," he said.

Sime Darby Property Bhd Provides Sales Guidance for Financial Year 2013

Sime Darby Property Bhd said that it expects to achieve sales of between MYR 2.8 billion to MYR 3 billion for the financial year 2013.

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Recent Private Companies Transactions

April 25, 2014
16.19 Ha of Land North of Kuala Lumpur International Airport

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