{
  "id": 9759144,
  "title": "SkyWorld on track for RM4.6bil GDV target",
  "url": "https://urgent.news/2026/09/25/skyworld-on-track-for-rm4-6bil-gdv-target",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-25T11:25:45.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1541142/skyworld-track-rm46bil-gdv-target"
  },
  "original_language": "en",
  "account": "SkyWorld Development Bhd is set to reach a RM4.6 billion cumulative post-listing gross development value (GDV) by the end of 2026, according to the company. This target will be met with new launches expected to contribute over RM2.0 billion, alongside the RM1.1 billion in unbilled sales currently on hand. CEO Lee Chee Seng emphasized that timely delivery is crucial for the company's long-term growth and that they are strengthening their execution capabilities by adopting prefabricated prefinished volumetric construction (PPVC) technology in Penang by the end of FY27.\n\nBeyond Malaysia, SkyWorld's Ho Chi Minh City, Vietnam venture, SkySolis Residences, marks a significant step in the company's regional expansion. These initiatives are part of SkyWorld 2040, the firm's 15-year strategic plan for growth, transformation, and sustainable urban development. Ng Thien Phing, the founder and non-independent executive chairman, reiterated SkyWorld's commitment to affordable urban housing, where demand consistently exceeds supply. The company aims to transition from a Malaysia-focused city developer to one of Southeast Asia's top 30 property developers, with the goal of achieving a RM1.0 billion profit after tax for FY27-31.\n\nAt today's annual general meeting (AGM), shareholders approved all resolutions and re-elected directors, appointing Deloitte PLT as the external auditor for the financial year ending March 31, 2027. They also received audited financial statements for the FY ended March 31, 2026, along with directors' and auditors' reports.",
  "summary": "KUALA LUMPUR: SkyWorld Development Bhd says it is on track to achieve RM4.6 billion in cumulative post-listing gross development value (GDV) launches by the end of 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}