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PROUD 2 B MALAYSIAN
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Sime moves into premium high-end properties

By HANIM ADNAN

KUALA LUMPUR: Sime Darby Bhd has earmarked 29.14ha near Bukit Kiara to be developed into an exclusive high-end premium residential property next year.

Dubbed “Hyde Park of Kuala Lumpur”, the yet unnamed project will comprise condominiums, bungalows and villas surrounded by greenery – a forest reserve and a 36-hole golf course. A bungalow unit there would cost a staggering RM20mil or more.

President and group chief executive Datuk Ahmad Zubir Murshid told StarBiz that the four-phase project, which would take about eight years to complete, would signify Sime Darby's bold move into the very high-end residential property market.

“We still have not decided on the total gross development value of this project but it is safe to say that we will try to attain a high level to feature a truly five-star project under Sime Darby’s property division,” he said.

Zubir said Synergy Drive was also seeking approval from authorities to locate its new corporate headquarters in the area, which will blend nicely with the group’s sustainable development tagline.

The Sime Darby group has a good reputation as a township developer in the Klang Valley.

Townships completed by the group include Sime UEP Subang Jaya, Putra Heights, Ara Damansara, Bukit Jelutong, Bukit Subang and Denai Alam.

Zubir said: “The merger has provided us with potential land-bank of 37,000 acres fit for property projects.”

Given its size, he said Sime Darby had the opportunity to seriously embark on community township developments compared with just “product” developments previously.

Under property, he said: “We have outlined various strategies with teams looking at high-end exclusive property projects, townships as well as brands for the overseas market.”

On another note, Zubir said Sime Darby did not intend to fully develop its land-bank within the next 10 to 15 years.

“Not all (the land-bank) will be converted into property projects. Some will remain as oil palm plantations, given the current bullish crude palm oil prices,” he added.

Zubir said Sime Darby was adopting the US-based Wal-Mart's marketing strategy to restrategise, consolidate as well as offer better concept, products, design and branding in its property business.

“Part of Wal-Mart’s expansion and increasing drive for profits was via its famous strategy of consolidation,” he added.

According to Zubir, post-listing Sime Darby's profits in the next two to three years would be driven by its plantation and property businesses.
 

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PROUD 2 B MALAYSIAN
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Discussion Starter · #4 ·
SIME Darby Property Lancar projek hartanah baru


SIME Darby Property menjangka melancarkan beberapa projek hartanah sederhana dan mewah dengan jumlah nilai pembangunan kasar RM1 bilion, tahun depan.

Naib Presiden Eksekutif bagi Pembangunan Hartanah/Pelaburan Strategiknya, Datuk Tunku Putra Badlishah, berkata projek baru itu adalah sebahagian daripada usaha menjadikan Sime Darby Property salah satu penyumbang utama kepada pendapatan kumpulan.

“Pada masa ini, hartanah bukan antara tiga penyumbang utama kumpulan Sime Darby Bhd,” katanya selepas melancarkan vila mewah dua dan tiga tingkat, Royal Palms Villas, di Subang Putra Heights.



Vila itu terhad kepada 36 unit dan harga bermula dari RM1.3 juta hingga RM2 juta setiap satu, katanya sambil menambah yang projek itu akan siap dalam tempoh dua tahun. - Bernama
 

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i wish they can built sumtin taller !! furthermore sime darby really a huge co....
coz they are splitting their division hq to Lembah Subang area..... watch out for the Plantation Division Hq (model can be seen in Oasis Ara Damansara Show Gallery)
 

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how many HQ they want??? and what wil hapen to their jln raja laut HQ? they shud built sumtin like Naza' Platinum Park or MidValley!!!....
thanks... this is the one i'm talking about...... Due to the merger, Sime Darby will split all their division/subdivision headquarters... as the divisions are big enough to be on their own ....... the Property Division will take up one whole block at Oasis Ara Damansara.....

the Menara Sime Darby in kl is not owned by them but Sabah govt.... they are moving out once their HQs are completd........
 
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