Summary
- SDB recorded RM155.78 million in unbilled sales from ongoing residential projects.
- The developer reported a RM41.07 million net loss for FY2026 as revenue declined.
- A new development near Bukit Mertajam is planned with 122 three-storey superlink villas.
KUALA LUMPUR, October 15 — Selangor Dredging Berhad reported RM155.78 million in unbilled sales from its ongoing residential projects as it prepares a new development near Bukit Mertajam, Penang.
The proposed Penang project will comprise 122 three-storey superlink villas and a residents’ clubhouse. For FY2026, SDB recorded revenue of RM173.87 million.
Down from RM375.95 million a year earlier, while posting a net loss of RM41.07 million. Managing director Teh Lip Kim attributed the results to the timing of SDB’s development cycle.
As completed projects transitioned to newer developments still in their early construction stages.
