Sime Darby Property Berhad 197301002148 (15631-P) is a Malaysian real estate developer with operations in Malaysia and the United Kingdom. Incorporated in 1973, as Sime Darby Property Sdn. Bhd., the group was created through the integration of the property arms under the former Golden Hope Plantations Berhad, Kumpulan Guthrie Berhad, and Sime Darby Berhad. The property arm of Sime Darby traces back to United Estates Projects Berhad, a property development company established in 1964. In 1985, Sime Darby purchased a large stake in United Estates Projects Berhad and the company was renamed Sime UEP Properties Berhad. Sime UEP was used to develop former
oil palm
''Elaeis'' () is a genus of palms, called oil palms, containing two species, native to Africa and the Americas. They are used in commercial agriculture in the production of palm oil.
Description
Mature palms are single-stemmed, and can gro ...
plantation lands belonging to Sime Darby.
Apart from its 20,763 acres of landbank spanning from Selangor to Johor, Sime Darby Property also has assets and operations across the Asia Pacific region and the United Kingdom. It is one of the largest property developers in the country by revenue and gross development value (GDV) of current projects.
The division was formed through the integration of the property arms of
Golden Hope,
Guthrie and Sime Darby during the 2007 Synergy Drive merger.
Sime UEP was the developer of
Subang Jaya
Subang Jaya is a city in Petaling District, Selangor, Malaysia. It comprises the southern third district of Petaling. It consists of the neighbourhoods from SS12 to SS19, UEP Subang Jaya (USJ), Putra Heights, Batu Tiga as well as PJS7, PJ ...
(which commenced in 1974), which has become one of the most populated townships in the
Klang Valley
Klang Valley () is an urban agglomeration in Malaysia that is centered in the federal territories of Kuala Lumpur and Putrajaya, and including their adjoining cities and towns in the state of Selangor. It is the urban area of the much larger Ku ...
. This was followed by the developments of
USJ and
Putra Heights
Putra Heights is a 1,796 acres residential township developed by Sime UEP Properties since 1999 in Subang Jaya, Selangor, Malaysia. It is located within the ''mukim'' of Petaling District.
History
Before 1974, Subang Jaya was part of Klang Di ...
in the surrounding areas by Sime UEP.
Bukit Jelutong
Bukit Jelutong (est. pop. 44,000)Lim, L.Y., "Pressured by housing demand", ''New Straits Times'', March 5, 2005 is an upscale suburb of Shah Alam, Selangor, Malaysia. The suburb is a planned community, with an area of over and developed by Gut ...
was developed by Guthrie beginning in 1994 on its former plantation lands. The 299-hectare
Ara Damansara
Ara Damansara is a residential township in Petaling Jaya, Petaling District, Selangor, Malaysia. It is located along Malaysia Federal Route 15, Federal Route 15.
History
Ara Damansara was first developed in 1999 by Sime Pilmoor Development ...
development by Sime UEP was launched in 2000.
Aside from its developments in the Klang Valley, Sime Darby Property has residential projects in
Negeri Sembilan
Negeri Sembilan (, Negeri Sembilan Malay: ''Nogoghi Sombilan'', ''Nismilan''), historically spelled as Negri Sembilan, is a States and federal territories of Malaysia, state in Malaysia which lies on the Peninsular Malaysia#Other features, wes ...
,
Johor
Johor, also spelled Johore,'' is a States and federal territories of Malaysia, state of Malaysia in the south of the Malay Peninsula. It borders with Pahang, Malacca and Negeri Sembilan to the north. Johor has maritime borders with Singapore ...
and
Singapore
Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...
. It also owns
TPC Kuala Lumpur which has hosted the
Malaysian Open,
CIMB Classic
The CIMB Classic was a professional golf tournament in Kuala Lumpur, Malaysia, co-sanctioned by the Asian Tour and the PGA Tour. Played in the fall, the event debuted in 2010 and moved to the West Course of the TPC Kuala Lumpur in 2013; the firs ...
and
Sime Darby LPGA Malaysia
The Sime Darby LPGA Malaysia was a women's professional golf tournament on the LPGA Tour. It was played for the first time in October 2010 at the East Course at Kuala Lumpur Golf & Country Club in Kuala Lumpur, Malaysia
Malaysia is a co ...
tournaments. Sime Darby Property is also a 40-percent joint venturer in the
Battersea Power Station
Battersea Power Station is a decommissioned coal-fired power station located on the south bank of the River Thames in Nine Elms, Battersea in the London Borough of Wandsworth. It was built by the London Power Company (LPC) to the design of ...
redevelopment project.
As of September 2014, the company has a land bank of 19,000 acres (7,689 hectares), not including plantation land owned by Sime Darby Plantations which could be converted for development in the future.
As of December 2022, Sime Darby Property has built over 100,000 homes and properties across 25 townships and developments. Its portfolio includes residential, commercial, industrial, and logistics properties.
Sime Darby Property is also involved in many other real estate segments, including Investment & Asset Management, with retail, commercial, and industrial logistics assets located within Malaysia, Singapore, and the United Kingdom. Sime Darby Property was also part of an international consortium that redeveloped the Battersea Power Station in Central London. The Group currently operates 5.4 million sq. ft. of net lettable area across commercial, retail, hospitality, education, and industrial segments.
Sime Darby Property’s Leisure segment manages the Kuala Lumpur Golf & Country Club (KLGCC).
Sime Darby demerger
In 2017, Sime Darby announced its intention to
spin off Sime Darby Property into a separate
public company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...
, without a definitive timeline. Analysts had previously speculated on the possibility of an
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
of the division or a merger with
S P Setia
S P Setia Berhad (formerly Syarikat Pembinaan Setia Berhad) ( MYX: 8664) is a Malaysian publicly traded company whose primary business is in property development. It is the largest such company, by sales, in Malaysia. Its other businesses inc ...
by their common ultimate shareholder,
Permodalan Nasional Berhad
Permodalan Nasional Berhad (PNB) is a state-owned enterprise, state-owned Malaysian investment management company. One of the largest fund management companies in Malaysia, it was established on 17 March 1978 as one of the instruments of the gov ...
(PNB).
On 30 November 2017, Sime Darby Property was listed on Bursa Malaysia stock exchange. The company faltered in its debut on the Main Market of Bursa Malaysia by opening at RM1.30 at 9am against the issue price of RM1.50.
The property development business is complemented by investment in 2 other business segments, namely, property investment and, leisure and hospitality.
In May 2018, Sime Darby partnered with Japan’s Mitsui & Co Ltd and Mitsubishi Estate Co Ltd.
Environmental, Social & Governance
Sime Darby Property has been a constituent of the MSCI ACWI Small Cap Index with MSCI ESG Rating of BBB, providing disclosure to the Carbon Disclosure Project (“CDP”). The Group has been rated C for Climate Change and B- for Supplier Engagement.
The Group has worked with its philanthropic arm, Yayasan Sime Darby (YSD), to actively implement social welfare initiatives to assist underprivileged communities living within and nearby its townships. It is involved in many social impact activities nationwide, has provided aid relief and entrepreneurial development programs to underprivileged communities during the recent pandemic.
Awards
* The Edge Malaysia’s Top Property Developers Awards (2022)
* BCI Asia Awards — Top 10 Developers (Malaysia)
* Putra Brand Awards 2022 — Property Development Category (Platinum)
* FIABCI-Malaysia and Star Media Group’s Malaysia Developer Awards 2022 — Top 10 in the ‘Top-of-The-Chart (RM1 billion and above)’ category
* FIABCI Prix D’Excellence Awards 2023 — World Gold Winner, Master Plan category
* Malaysia Landscape Architecture Awards 13 — Best Client Honor
* StarProperty All-Stars Award 2023
* 10th PropertyGuru Asia Awards Malaysia 2023 — Best Housing/Landed development
* The Edge Property Excellence Awards 2023 — Top Three Property
Townships
Subang Jaya City Centre (SJCC) situated in Subang Jaya, Selangor — 39,982 acres of land. Established in 1974.
Kuala Lumpur Golf & Country Club (KLGCC) Resort situated in Bukit Kiara, Kuala Lumpur — 360 acres of land. Established in 1991.
Ara Damansara situated in Petaling Jaya, Selangor — 739 acres of land. Established in 1999.
Putra Heights situated in Subang Jaya, Selangor — 1,796 acres of land. Established in 1999.
Bandar Universiti Pagoh (BUP) situated in Muar, Johor — 4,141 acres of land. Established in 2011.
Serenia City situated in Sepang, Kuala Lumpur — 1,775 acres of land, winner of the Malaysian Landscape Architect Award 2018 (Best Landscape Master Plan) and the Star Property Awards 2020 (The Neighbourhood Award). Established in 2022.
City of Elmina situated in Shah Alam, Selangor — 5,000 acres of land, contains Malaysia’s first Inclusive Playground. Established in 2022.
Planters’ Haven situated in Nilai, Negeri Sembilan — 246 acres of land. Established in 2022.
Chemara Hills situated in Sembilan, Negeri Sembilan — 43.68 acres of land.
Nilai Impian situated in Nilai, Negeri Sembilan — 680 acres of land.
Bandar Ainsdale situated in Sembilan, Negeri Sembilan — 562 acres of land.
Bandar Bukit Raja situated in Klang, Selangor — 4,333 acres of land. Winner of The Edge Top Property Developers Awards 2019, Star Property Awards 2019, and Malaysian Landscape Architecture Award.
KL East situated in Desa Melawati, Kuala Lumpur — 153 acres of land.
Bukit Jelutong situated in Shah Alam, Selangor — 2,200 acres of land. Winner of Best Town Planning Scheme Award, MIP (1997) and the Best Neighbourhood Landscape in Selangor, Selangor State Government (2001). Established in 1996.
Melawati situated in Ulu Klang, Kuala Lumpur — 882 acres of land.
Taman Pasir Putih situated in Zone D of Iskandar Malaysia, Johor — 356 acres of land.
SJ7 situated in Subang Jaya, Selangor — 34.7 acres of land.
Malls
KL East Mall situated in Ampang, Kuala Lumpur
Elmina Lakeside Mall situated in
City of Elmina, Shah Alam, Selangor
References
External links
*{{Official website , http://www.simedarbyproperty.com/
2007 establishments in Malaysia
Property companies of Malaysia
Real estate companies established in 2007
Companies based in Kuala Lumpur
Companies based in Petaling Jaya
Companies listed on Bursa Malaysia