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PETALING JAYA (June 3): SkyWorld Development Bhd has unveiled “SkyWorld 2040”, a 15-year long-term strategic plan aimed at positioning the group among Southeast Asia’s top 30 property developers by 2040.
The plan is structured into three consecutive five-year phases, with the first phase covering FY2027 to FY2031. During this period, the group targets cumulative profit after tax (PAT) of RM1 billion, supported by RM12 billion in gross development value (GDV) launches and RM10 billion in property sales over the five-year timeframe.
In a statement today, SkyWorld said the strategy builds on the group’s on-track execution of its pre-initial public offering (IPO) mid-term target to launch RM4.6 billion worth of GDV by 2026, while setting out a roadmap for sustainable growth over the next 15 years.
Group CEO Lee Chee Seng described SkyWorld 2040 as the next phase of the company’s growth journey.
“SkyWorld 2040 represents the next chapter of our growth journey. It provides a long‑term roadmap to scale our business, strengthen our capabilities, and create sustainable value for all stakeholders,” he said.
To support the first phase of the plan, the group has identified three key growth engines:
The first, termed “Go For Launch”, focuses on accelerating development launches with a target of RM12 billion in GDV over the next five years to drive sales growth and earnings expansion.
The second growth engine, “+1 SEA Market Entry”, involves expanding the group’s presence within Southeast Asia through entry into selected additional markets, building on its existing operations in Vietnam. The expansion will be pursued based on product‑market suitability and long-term strategic alignment.
The third pillar centres on new product innovation. SkyWorld plans to leverage its existing residential offerings — the Awani Series, SkySignature Series and X‑Premier Series — while introducing a new S‑Housing Series aimed at expanding access to quality and affordable urban housing, particularly for the B40 segment.
The group said the adoption of Prefabricated Prefinished Volumetric Construction (PPVC) technology will serve as a key enabler of the long-term strategy.
SkyWorld is currently establishing its first PPVC manufacturing plant in Penang, with SkyWorld Pearlmont in Seberang Jaya set to become the group’s first project to utilise the technology.
According to the company, PPVC is expected to enhance construction efficiency, improve quality consistency and strengthen environmental, social and governance (ESG) performance, while supporting a scalable development platform for future affordable housing initiatives and regional expansion.
As part of its longer-term vision, SkyWorld intends to progressively expand beyond Malaysia into selected Southeast Asian markets with favourable population and demographic growth trends, supported by a scalable business model and technology‑enabled development capabilities.
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