I have just come back from the Sime Darby Third Annual General Meeting. No, it is not wrong. It is called the Third Meeting to possibly refer to the revamped Sime Darby after 4 big plantation groups were merged into it.They were generous to minority shareholders giving each member a RM50 voucher tenable at either of the two restaurants within the Sime Darby Convention Centre. They also provided breakfast and two cartoons of pink guava juice as token door gifts.
Anyway, I was reading its report particularly on the property division. From what I read,there seems to be no recession as far as the buyers are concerned for Sime Darby Properties. All the schemes launched were in the millions starting from 2 1/2 storeys super links. Even their condominiums and service suites were snapped up like hot cakes!
Looking at the trend,it looks like the new property developments that are going away from the Petaling Jaya-Subang Jaya connurbation are also attracting hot money. Even far away and remote Bukit Jelutong houses; starting beyond a million ringgit found more than willing financially capable buyers! The rate that Sime properties are being snapped up;it looks like the next stop will be around the Bukit Raja and Kapar and Meeru region and beyond to as far as Kuala Selangor.
Will people actually pay so much money for Sime Property projects in such far-away places.
Only time and the economy can tell.
