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Finance

Sime Darby Property unit ordered to refund RM36.23m land compensation

The High Court has ordered Sime Darby Property Bhd’s unit SDP Klang Sdn Bhd to refund RM36.23 million to the Malaysian Highway Authority within three months for overpaying land acquisition compensation.

Source: EdgeProp · July 21, 2026 at 6:58 PM · AI-assisted report

Sime Darby Property unit ordered to refund RM36.23m land compensation
Photo: Wikimedia Commons

KUALA LUMPUR, 22 JULY 2026 —

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The High Court has ordered Sime Darby Property Bhd’s unit SDP Klang Sdn Bhd to refund RM36.23 million to the Malaysian Highway Authority within three months for overpaying land acquisition compensation.

Market Impact

The seven plots in Bukit Raja, Klang, were compulsorily acquired for the West Coast Expressway. The court ordered payment of 5% annual interest on the judgment amount from July 20 until full settlement. It made no order on costs and directed the Malaysian Highway Authority to pay assessors’ fees of RM1,500 each.

Sime Darby Property disclosed the decision in a Bursa Malaysia filing on Sunday. The developer said the consequential orders will reduce its pre-tax profit by RM36.23 million plus interest from July 20, but expects no material operational impact.

The company said it is reviewing the judgment and considering all legal avenues, with further updates to follow. The High Court’s full written grounds have not yet been released.

Sime Darby Property said the pre-tax financial impact is limited to the judgment sum and interest awarded. The decision is not expected to have any material operational impact on the group, according to the filing.

Related: Sime Darby

Reporting based on EdgeProp. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.