Sales Achievement
RM
0
BILLION
Exceeded Sales Target of RM2.7 billion
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Sustainability is a key dimension towards excellence in business operations. At Sime Darby Property, we work collaboratively towards achieving net zero, creating urban biodiversity and fostering resilient communities.
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To be a Value Multiplier for People, Businesses, Economies and the Planet.
Advancing real estate as a force for collective progress, in harmony with the planet’s resources.
To develop, own and manage a thriving asset portfolio, creating value for all stakeholders..
Exceeded Sales Target of RM2.7 billion
(2023: 3,440 units)
(2023: 3,070 units)
(2022: RM2,742.1 million)
(2023: RM606.4 million)
and initiatives
recorded
(2023: 21.7%)
Sime Darby Property (“the Group“) is Malaysia’s leading property developer with more than 50 years of experience in building sustainable communities. With over 100,000 homes across 25 active townships and developments under its belt, Sime Darby Property has a wide reach encompassing assets and operations across the country. We made our presence in the United Kingdom through our involvement as part of a Malaysian consortium that successfully redeveloped the iconic Battersea Power Station in Central London.
Beyond Property Development, Sime Darby Property has a strong footing in the industrial and logistics sector at Bandar Bukit Raja, Elmina Business Park, and Serenia City in Selangor; Nilai Impian and Hamilton Nilai City in Negeri Sembilan; and Bandar Universiti Pagoh in Johor. Our strategic partnerships with various global players such as LOGOS SE Asia Pte Ltd (“LOGOS Property”), Mitsui & Co Ltd (“Mitsui”) and Mitsubishi Estate Co Ltd (“Mitsubishi Estate”), have resulted in the establishment of a few noteworthy industrial and logistics facilities, including the E-Metro Logistics Park in Bandar Bukit Raja. Within its Leisure arm, Sime Darby Property is the proud owner of the Kuala Lumpur Golf & Country Club, one of the region’s most prestigious golf clubs.
As a responsible corporate player, Sime Darby Property and its philanthropic arm, Yayasan Sime Darby (“YSD”) actively implement various social welfare initiatives to assist underprivileged communities living within and nearby its townships.
As at December 2023, the Group has approximately 14,800 acres of land bank, most of which are located strategically on the west coast of Peninsular Malaysia. Within its Investment & Asset Management business, the Group operates approximately 7.7 million sq. ft. of net lettable area across commercial, retail, hospitality, education and industrial segments.
Sime Darby Property delivered continued solid financial and operational performances in FY2023, notwithstanding escalating material prices, threat of inflationary pressures and a cautious outlook at the start of the year. The Group remained focused on creating sustained value and recorded its highest revenue and operating profit, since the 2017 demerger, of RM3.4 billion and RM606.4 million respectively. This demonstrates the unwavering trust and support of all stakeholders and customers, as well as the resilience and passion of TEAM Sime Darby Property in realising our Purpose to be a Value Multiplier for People, Businesses, Economies and the Planet.
Our Material Matters serve as focal points for sustainability issues that hold significant potential to affect our operations and stakeholders. Through our rigorous double materiality assessments, we delve deeply into each matter, assessing associated risks, opportunities, and impacts amidst evolving regulatory and operational landscapes. Subsequently, we are empowered to refine our sustainability strategy to closely align our business goals with environmental and societal responsibilities. This approach enhances our market adaptability and agility while reinforcing our sustainability commitments in line with the rising expectations of our discerning stakeholders.
We identify matters that may impact the execution of our strategy. This is a groupwide effort taking into account input from all business and support units, and incorporating feedback from stakeholders.
From the list of identified matters, we prioritise those that most significantly impact our ability to successfully execute our strategy and deliver long-term value to our stakeholders.
Those matters that are material to value creation are integrated into our balanced scorecard, which is used to set objectives, drive behaviours, measure performance and determine the remuneration of our people. Important matters are managed as part of our business and operational processes.
Lasting change requires collective effort. With this in mind, Sime Darby Property fosters a collaborative approach to sustainability. We actively engage in industry dialogue, forge strategic partnerships and empower stakeholders through knowledge sharing and resource provision.
This commitment to collaboration amplifies our sustainability efforts and drives meaningful change across the industry and beyond.
Sustainability is more than a commitment; it is a core driver of our strategic vision. We integrate it across all levels, influencing how we innovate, operate, and interact with our communities and the environment, fostering a sustainable legacy for future generations. In the following pages, we delve deeper into our performance this year, addressing our material matters across the following four areas of impact and value creation.
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