SD Guthrie sells Kulai land for RM418.5 million
SD Guthrie Berhad sold 556.96 acres of freehold land in its Kulai Estate, Johor Darul Ta’zim, to Sime Darby Property (Kulai) Sdn Bhd for RM418.5 million in cash.
Source: SD Guthrie · August 12, 2026 at 6:43 PM · AI-assisted report
Single-source.jpg%2F1280px-Vicecanciller_Marco_re%C3%BAne_con_representantes_de_la_empresa_Sime_Darby_(8401165435).jpg%3Futm_source%3Dcommons.wikimedia.org%26utm_campaign%3Dimageinfo%26utm_content%3Dthumbnail&w=1280&output=webp&q=78&sharp=1&con=3&sat=3&we)
JOHOR, 13 AUGUST 2026 —
SD Guthrie Berhad sold 556.96 acres of freehold land in its Kulai Estate, Johor Darul Ta’zim, to Sime Darby Property (Kulai) Sdn Bhd for RM418.5 million in cash.
Market Impact
The two parcels sit within the Johor-Singapore Special Economic Zone and are zoned for residential development. Guthrie said the land, currently planted with mature oil palms, borders key infrastructure and has strong redevelopment potential as Johor’s economy expands.
The sale lets the plantation group realise value from a long-held asset while supporting growth in one of Malaysia’s most promising corridors, it said.
The consideration is conditional on customary conditions including regulatory approvals. Guthrie did not disclose how it will use the proceeds.
Johor’s property market has strengthened since the JS-SEZ was designated, pulling land valuations higher across the corridor. The buyer, Sime Darby Property (Kulai), is a wholly-owned unit of Sime Darby Property Berhad.
Related: Sime Darby · Johor