KUALA LUMPUR: Sime Darby Bhd’s property division, Sime Darby Property Bhd, is confident of achieving its RM2.5bil sales target for the current financial year ending June 30, 2017, despite the current property market glut. “We will hit the RM2.5bil,” he told reporters at the Alya WTA Malaysian Open 2017 tennis tournament yesterday. “The prices are determined by the Government, so we should be hitting a good take-up rate.”He added that Sime remained optimistic despite the challenging market outlook. The increase was mainly due to a gain on disposal of a 100% equity interest in Sime Darby Property (Alexandra) Ltd in Singapore amounting to RM131mil to Aster Investment Holding Pte Ltd. The tournament, currently into its eighth year, will be held at the TPC Kuala Lumpur (formerly Kuala Lumpur Golf and Country Club) from Feb 27 to March 5.

Source: The Star February 06, 2017 23:05 UTC