Latest news with #TheReya
The Star
4 days ago
- Entertainment
- The Star
Weekend of art, coffee, good vibes in KL
SET against the 200-million-year old Gombak-Selangor quartz ridge, 'Picnic by the Hill' is a free, family-friendly weekend of artisanal coffee, immersive art and nature-inspired lifestyle experiences. This weekend, from 9am to 6pm, the public event will be held at the KL East Sales Gallery. It promises a relaxed, village-meets-modern gathering in a green township just 15km from Kuala Lumpur city centre. Expect outdoor chill domes, an indoor terrace picnic, bubble play for children, lifestyle pop-ups and a mini art exhibition with dot painting by local artist Anne Rocks, who is known for her painted rocks. Visitors are encouraged to bring their own picnic mats or 'healing chairs' in support of a greener, more sustainable event. A line-up of F&B and artisanal vendors will be featured throughout the weekend, offering everything from kombucha to gelato and handcrafted skincare. F&B highlights include Foodsbury, Warong Hafidz, Wheel of Baking, Zam Kopi 110 (served from a Range Rover), Gadis Lemonade, Isla's signature banana pudding, Voyage Kitchen & Patisserie, Waffle 5, Kombuchacha, Mamagoh, Woksy Dumpling, Frosty Dream Gelato and Gustoshack. Non-F&B and art vendors include Mail Hitam (traditional Malaysian sketching and painting), Grotto Comics (collector's comics), Gubah Malaysia (flower bar), Attaskin (skincare), a wellness check station (Saturday only), and art displays by Lukis Petang. The event also offers an exclusive first glimpse of The Reya, KL East's upcoming premium freehold high-rise development. Designed for modern multi-generational living, The Reya offers three to five-bedroom units, including dual-key layout options with views of the KL skyline on one side and untouched forest hills on the other. It embodies KL East's vision of balancing urban convenience with green serenity. KL East is a 64.3ha integrated township in Desa Melawati that includes 27.1ha of dedicated greenery, the 21.4ha KL East Park and Micro Forest, KL East Mall and the KYS KL East International School. It is also seamlessly connected via six major highways and is close to the Gombak LRT and the upcoming East Coast Rail Link station, which is set to begin operations in 2027. 'Picnic by the Hill' is a chance to explore what KL East has to offer while relaxing with coffee, views and good company. The first 50 visitors to register their interest in The Reya will receive a complimentary beverage from Kopilou.
The Star
28-05-2025
- Business
- The Star
Sime Darby Property hits RM928mil in 1Q25 sales
Sime Darby Property group managing director Datuk Seri Azmir Merican. PETALING JAYA: Sime Darby Property Bhd recorded RM927.5mil in sales in the first quarter of this year (1Q25), achieving 26% of its full-year target of RM3.6bil for this year (FY25). In a statement, the group said sales were led by industrial products, contributing RM461.5mil (50%), followed by residential high-rise at RM246.3mil (27%), residential landed at RM127.9mil (14%) and commercial offerings at RM65.3mil (7%). 'New launches accounted for 61% (RM564.6mil) of total sales, driven primarily by industrial products from Elmina Business Park and Serenia Industrial Park, and supported by residential high-rise developments such as The Reya in Taman Melawati, Ophera in KLGCC Resort, and Kanopi Residences in the City of Elmina – reflecting strong demand for the group's latest offerings. 'Overall bookings as of May 18, 2025 stood at RM1.6bil.' For 1Q25, the group recorded revenue of RM871.6mil, operating profit of RM189.1mil, and pre-tax profit and profit after tax and minority interest of RM179.6mil and RM118.4 mil respectively. The group recorded margin improvements in gross profit at 32.5% (1.5% year-on-year), exceeding its guidance range of 20% – 25%, supported by disciplined cost management and contributions from a well-balanced product mix, with higher margin contributions from industrial, residential landed, and commercial products. 'Pre-tax profit remained stable at RM179.6mil, while pre-tax profit margin improved to 20.6% (2.1% y-o-y), primarily driven by stronger contributions from the investment and asset management (IAM) segment, which recorded a 61% year-on-year growth in pre-tax profit, led by the retail sub-segment.' Sime Darby Property group managing director and chief executive officer Datuk Seri Azmir Merican said FY25 has been off to a solid start, building on the group's record performance last year. 'This quarter's results were anchored by margin improvement, firm sales momentum, and rising contributions from our IAM segment,' he said in a statement. Meanwhile, the group's unbilled sales increased to its highest level since 2017 at RM3.8bil, securing clear earnings visibility for the next three years. 'Unsold gross development value for completed inventories remains low at RM227.2mil, while cash balances remain healthy at RM714.4mil.' Additionally, the company said its net gearing ratio of 27.9% as at March 31, 2025 remains well-capitalised for growth. 'In April 2025, the group's RM800mil sukuk issuance as part of its RM4.5bil programme was oversubscribed by 6.7 times with tightest credit spreads achieved despite prevailing market uncertainties, a clear testament to strong investor confidence in Sime Darby Property's long-term strategy and financial resilience.
The Star
28-05-2025
- Business
- The Star
Sime Darby Property records 927.5mil sales in 1Q25
Sime Darby Property group managing director Datuk Seri Azmir Merican PETALING JAYA: Sime Darby Property Bhd recorded RM927.5mil in sales in the first quarter ended March 31, 2025 (1Q25), achieving 26% of its full-year target of RM3.6bil for the financial year 2025 (FY25). In a statement, the group said sales were led by industrial products, contributing RM461.5mil (50%), followed by residential high-rise at RM246.3mil (27%), residential landed at RM127.9mil (14%) and commercial offerings at RM65.3mil (7%). 'New launches accounted for 61% (RM564.6mil) of total sales, driven primarily by industrial products from Elmina Business Park and Serenia Industrial Park, and supported by residential high-rise developments such as The Reya in Taman Melawati, Ophera in KLGCC Resort, and Kanopi Residences in the City of Elmina — reflecting strong demand for the group's latest offerings. 'Overall bookings as of May 18, 2025 stood at RM1.6bil.' For 1Q25, the group recorded revenue of RM871.6mil, operating profit of RM189.1mil, and profit before tax (PBT) and profit after tax and minority interest of RM179.6mil and RM118.4 mil respectively. The group recorded margin improvements in gross profit at 32.5% (1.5% year-on-year), exceeding its guidance range of 20% – 25%, supported by disciplined cost management and contributions from a well-balanced product mix, with higher margin contributions from industrial, residential landed, and commercial products. 'PBT remained stable at RM179.6mil, while PBT margin improved to 20.6% (2.1% year-on-year), primarily driven by stronger contributions from the investment and asset management (IAM) segment, which recorded a 61% year-on-year growth in PBT, led by the retail sub-segment.' Sime Darby Property group managing director and chief executive officer Datuk Seri Azmir Merican said FY25 has been off to a solid start, building on the group's record performance last year. 'This quarter's results were anchored by margin improvement, firm sales momentum, and rising contributions from our IAM segment,' he said in a statement. Meanwhile, the group's unbilled sales increased to its highest level since 2017 at RM3.8bil, securing clear earnings visibility for the next three years. 'Unsold gross development value for completed inventories remains low at RM227.2mil, while cash balances remain healthy at RM714.4mil.' Additionally, the company said its net gearing ratio of 27.9% as at March 31, 2025 remains well-capitalised for growth. 'In April 2025, the group's RM800mil sukuk issuance as part of its RM4.5bil programme was oversubscribed by 6.7 times with tightest credit spreads achieved despite prevailing market uncertainties, a clear testament to strong investor confidence in Sime Darby Property's long-term strategy and financial resilience. 'The sukuk proceeds from the issuance will be utilised to fund the group's long-term growth initiatives, including the build-up of its recurring income portfolio and assets under management, to maximise shareholder value as part of its evolution towards a real estate company as well as working capital requirement and other general corporate purposes.' Looking ahead, Azmir said the group is positioning itself for sustained performance across all business segments. 'As we enter the final year of our SHIFT25 strategy, our focus sharpens on executing with discipline, unlocking value across our portfolio, and strengthening recurring income to deliver sustainable growth,' he said.
