SkyWorld Development Berhad (“SkyWorld” or “the Group”) today unveiled SkyWorld 2040, the Group’s 15-year Long-Term Strategic Plan (LTSP), which will guide the Group’s next phase of growth towards its Big Hairy Audacious Goal (BHAG) of becoming a Top 30 Property Developer in Southeast Asia by 2040.
The strategy builds on the Group’s on-track execution of its pre-IPO mid-term target to launch RM4.6 billion in Gross Development Value (GDV) by 2026 and sets a clear roadmap for sustainable expansion over the next 15 years.
SkyWorld 2040 is structured into three consecutive five-year phases. Under the first phase (FY2027–FY2031), the Group aims to achieve RM1 billion in Profit After Tax (PAT), supported by a target of RM12 billion GDV launches and RM10 billion in sales over the five-year period.
Group Chief Executive Officer, Lee Chee Seng, said:
“When we embarked on our IPO journey, we set a clear mid-term goal and remained disciplined in its execution. As we approach the completion of that milestone, 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.”
To achieve its first-phase target, SkyWorld will focus on three key growth engines:
Firstly, ‘Go For Launch’ – accelerating development launches with a target of RM12 billion GDV over the next five years to drive sales growth and earnings expansion.
Secondly, +1 SEA Market Entry – strengthening its presence in Southeast Asia with entry into additional selected markets, building on its existing Vietnam presence, subject to product-market suitability and long-term strategic alignment.
Thirdly, New Product Innovation – leveraging its full residential portfolio comprising the Awani Series, SkySignature Series, and X-Premier Series, while introducing the new S-Housing Series to expand access to quality and affordable urban living, particularly within the B40 segment, the largest addressable market.
“Our first five-year plan is centred on doing what we do best, building quality homes for people who aspire to live in cities. Through disciplined execution, a diversified product strategy, and technology-driven innovation, we believe we can achieve our RM1 billion PAT milestone while laying a strong foundation for future regional expansion,” Lee added.
A key enabler of SkyWorld 2040 will be the adoption of Prefabricated Prefinished Volumetric Construction (PPVC) technology. The Group is currently establishing its first PPVC manufacturing plant in Penang, with SkyWorld Pearlmont in Seberang Jaya set to be the first project to implement the technology. Through PPVC, SkyWorld aims to improve construction speed, quality consistency and ESG performance, while building a scalable development platform that can support future affordable housing initiatives and regional expansion opportunities.
As part of its long-term vision, SkyWorld intends to progressively expand beyond Malaysia into selected Southeast Asian markets with strong population and demographic growth, supported by a scalable business model and technology-enabled development capabilities.
SkyWorld 2040 reflects the Group’s confidence in the long-term fundamentals of urbanisation, housing demand, and sustainable city development. The Group remains committed to delivering quality homes, building thriving communities, and generating long-term value for shareholders.
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