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    FINANCIAL HIGHLIGHTS in kuala lumpur

    Achieved total revenue of


    (FY2022: RM790.4 million)

    Strong business performance with an increase of 6.5% over FY2022 was achieved despite the external challenges such as inflation, rising interest rates, fluctuating prices of materials and labour shortages

    Achieved Profit After Tax of


    (FY2022: RM104.3 million)

    Increased 44.5% over FY2022 due to improved efficiency of business operations. This is a direct reflection of SkyWorld’s sustainability of operations.

    Sales take-up rate

    91.2 %

    (FY2022: 91.9%)

    Overall take-up rate of 91.2% for all developments launched (inclusive of new and completed developments)

    Total equity


    (FY2022: RM465.1 million)

    This is equivalent to net asset per share of RM0.62 (based on the enlarged number of shares of 1.0 billion after the initial public offering of the Company)

    dividens declared

    3.0 sen/per share

    (FY2022: Nil)

    Payout ratio target of 20% of the Group’s annual consolidated profit after tax attributable to owners of the Company after taking into account the working capital requirement

    Total assets


    (FY2022: RM1.4 billion)

    Stable level of total assets which is representative of the Company’s strong economic value

    Achieved A return on equity of


    (FY2022: 25.3%)

    3-Year return of equity at 24.1% due to strong earnings

    Net gearing level of


    (FY2022: 0.36 times)

    Throughout our FY2023 operations, the net gearing ratio continues to remain healthy and stable


    Lee Chee Seng

    Chief Executive Officer (“CEO”) of SkyWorld Group

    Responsible for overseeing and managing the day-to-day operations of SkyWorld, he first joined SkyWorld as Chief Product Officer, helping lead project designs, execution, and management. Later redesignated as Chief Operating Officer, he was given additional responsibilities and after promoted to Deputy Chief Executive Officer, responsible for implementing and ensuring efficiency of business strategies.....


    Datuk Seri Ng Thien Phing

    Founder & Executive Chairman

    Datuk Seri Ng was one of the founders of The Kuala Lumpur Chinese Assembly Hall (KLCAH) and served as Secretary General until the year 2015. Currently, he serves as the Honorary Advisor of KLCAH and the Chairman of the National Polytechnic Youth Association. He also established NTP World Foundation with the aim of providing resources or education support for underprivileged communities...


    SkyMeridien Residences @ Sentui

    SkyAvani Residences & Commercial @ Off Jalan Ipoh

    SkyAvani Residences & Commercial @ Sentui

    SkyAvani V Residences @ Sentui

    SkyArena @ Setapak

    SkySanctuary @ Setapak

    SkyAvani IV Residences @ Setapak

    SkyAvani III Residences @ Setapak

    SkySierra @ Setiawangsa

    SkyLuxe On The Park Residences @ Bukit Jalil

    SkyVogue Residences @ Taman Desa

    Sustainability highlights in kuala lumpur

    Corporate Social Responsibility Contribution

    Corporate Social Responsibility Contribution

    In May 2023, SkyWorld Foundation was established to serve as a platform for the Group to fulfil our CSR initiatives, with a goal to provide aid and improve the welfare of local communities.

    Eco-friendly Building Features

    Eco-friendly Building Features

    Our buildings incorporate environmentally friendly designs including natural air ventilation and lighting, rainwater harvesting systems in landscape areas, energy efficient lighting, use of green products and electrical vehicle charging stations

    Supporting Local Businesses

    Supporting Local Businesses

    The Group focus is on using local suppliers as much as possible and deliver better social value to the community

    Strengthening Compliance and Governance

    Strengthening Compliance and Governance

    To further strengthen governance, we have appointed four independent directors and formed an Audit & Risk Management Committee. This aligns with our pledge to conduct our business with high standards of integrity, business ethics and compliance
    with all applicable laws and regulatory requirements.

    Towards Green Certification

    Towards Green Certification

    To date, around half of our developments are green certified. The Group endeavours to ensure that all future developments adhere to Green Building Index standards.

    Strengthening our Sustainability Policy

    Strengthening our Sustainability Policy

    We commit full responsibility to embed economic, environmental and social factors into our core strategy to deliver sustainable value and goals


    See all Sky Awards

    PAM Awards 2020

    PAM Awards 2020

    Silver winner for Multiple Residential High Rise

    Asia Pacific International Property Awards 2018-2019

    Asia Pacific International Property Awards 2018-2019

    Interior Design Show Home

    Islamic Finance News Award

    Islamic Finance News Award

    Structured Finance Deal 2017

    Aon Best Employers

    Aon Best Employers

    Best Gen Y Employer

    Property Insight Prestigious Developer Awards 2016

    Property Insight Prestigious Developer Awards 2016

    Best Emerging Developer Award

    Malaysia Urban Planning Awards (MUPA)

    Malaysia Urban Planning Awards (MUPA)

    Innovative Design Award at Malaysia Outstanding Sustainable Development Awards 2023

    overview of skyWorld development group

    key milestones


    Incorporation of SkyWorld Development which was initially known as Varsity Network Sdn Bhd, a private limited company


    Rebranded to ‘SkyWorld Development’ and introduced our maiden development, SkyArena in Setapak


    Launched our first affordable development under SkyAwani series


    Launched a mobile application namely SkyWorld. Connects, a value-added service to the homeowners. Establishment of our first landmark Islamic Medium Term Notes and Islamic Commercial Papers programme with a total limit
    of RM1.0 billion


    Launched our SkyWorld Quality Centre in Setapak, the first of its kind in Malaysia, reaffirming a commitment pledge of quality workmanship


    Completion of SkyArena Sports Complex, Setapak and MSN sports Complex, Nilai. Both had achieved commendable QLASSIC score of 81%


    Launched our Solution Plus (Solution+), an ecosystem and enhanced e-commerce platform that connects our homeowners and vendors


    Inception of SkyWorld Foundation to serve as a platform for Group to fulfil our corporate social responsibility initiatives
    See more