- Sime Darby Property Berhad is the property division of Malaysian conglomerate Sime Darby
Sime Darby Property Net worth 2024 (estimated)
| How much is Sime Darby Property worth? | Under review
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Sime Darby Property facts
- 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
- 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 and the company was renamed Sime UEP Properties Berhad
- Sime UEP was used to develop former oil palm plantation lands belonging to Sime Darby
- Sime UEP was the developer of Subang Jaya (which commenced in 1974), which has become one of the most populated townships in the Klang Valley
- This was followed by the developments of USJ and Putra Heights in the surrounding areas by Sime UEP
- Bukit Jelutong was developed by Guthrie beginning in 1994 on its former plantation lands
- The 299-hectare Ara Damansara 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, Johor and Singapore
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