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Transforming

Founded on one single vision

Always Best City Developer

OUR HIGHLIGHTED PROPERTIES

See all projects

The Vesta Residences

EdgeWood Residences

SkyMeridien Residences

The Valley Residences

SkyAwani 5 Residence

Bennington Residences

SkyVogue Residences

Curvo Residences

FINANCIAL HIGHLIGHTS in kuala lumpur

Achieved total revenue of

RM841.4/million

(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

RM150.7/million

(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

RM615.7/million

(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

RM1.3/billion

(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

27.9%

(FY2022: 25.3%)

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

Net gearing level of

0.40/times

(FY2022: 0.36 times)

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

A MAN ON A MISSION

Lee Chee Seng

Chief Executive Officer (“CEO”) of SkyWorld Group

FROM MIND TO MATTER

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...

A MAN ON A MISSION

Chief Executive Officer (“CEO”) of SkyWorld Group

Lee Chee Seng

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.

On January 2022, he was finally named Chief Executive Officer, a position he currently holds.

Born in 1972, he graduated with a Bachelor in Business Studies from Charles Sturt University with the HELP University External Programme in April 2004, and after started his career with Zalam Corporation Sdn Bhd for the next 23 years before departing as an Executive Director.

He is know amongst his peers as an innovative leader with a shrewd mind within the industry due to his extensive exposure with mega project in the past. His strengths lie in improving the workforce by building teamwork, fostering a culture where employees could engage in decision making and encouraged cooperation in pursuing company goals.

FROM MIND TO MATTER

Founder & Executive Chairman

Datuk Seri Ng Thien Phing

Datuk Seri Ng Thien Phing, a Malaysian born in the year 1975, is the founder and Executive Chairman of SkyWorld Development Group, he leads the formulation of business strategies as well as the setting of the business directions of our Group.

He set up NTP World Forum Sdn Bhd, a company involved in the provision of corporate training programs, and later co-founded ICT Zone Holding Sdn Bhd and ICT Zone Sdn Bhd, providing ICT solutions to both government and private sectors. In 2020, Datuk Seri Ng was appointed Non-Independent Non-Executive Chairman in ICT Zone Asia Bhd, listed on the LEAP Market of Bursa Securities.

With his extensive experience in managing and developing businesses, he founded SkyWorld Development Sdn Bhd (formerly known as NTP World Development Sdn Bhd) in the year 2006 and subsequently ventured into the property development industry.

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.

He earned his Bachelor of Business Administration from the National University of Malaysia and a Diploma in Accountancy from the Kota Bharu Polytechnic.

SKYWORLD REAL ESTATE BANKING MAP

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

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

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

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

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

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

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

ACHIEVEMENTS - AWARDS

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

Structured Finance Deal 2017

Aon Best Employers

Best Gen Y Employer

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

2006

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

2014

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

2015

Launched our first affordable development under SkyAwani series

2017

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

2018

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

2021

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

2022

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

2023

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

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GENERAL INQUIRIES

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Cities

Cities

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Always Best City Developer

OUR HIGHLIGHTED PROPERTIES

The Vesta Residences

EdgeWood Residences

SkyMeridien Residences

The Valley Residences

SkyAwani 5 Residence

Bennington Residences

SkyVogue Residences

Curvo Residences

FINANCIAL HIGHLIGHTS in kuala lumpur

Lee Chee Seng

Datuk Seri Ng Thien Phing

A MAN ON A MISSION

FROM MIND TO MATTER

SKYWORLD REAL ESTATE BANKING MAP

Sustainability highlights in kuala lumpur

Corporate Social Responsibility Contribution