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- Meanwhile, SDB’s other ongoing developments, 19Trees in Taman Melawati and Jia in Taman Bukit Serdang, are fully sold and currently in the final stages of construction.
KUALA LUMPUR (Sept 30): Selangor Dredging Bhd (KL:SDRED) (SDB) has announced that DaMai, its latest residential project in Taman Melawati, Selangor, has achieved an 80% take-up rate since the launch in July 2025.
Building around the idea of a “landed mid-rise”, DaMai comprises a 17-storey block with 306 units ranging from 2,056 to 5,038 sq ft. Each unit includes up to six parking bays located at the doorstep.
“The encouraging response to DaMai affirms our focus on creating developments that are distinctive, sustainable and relevant for today’s lifestyles. As SDB’s most innovative development to date, DaMai reflects our willingness to set new benchmarks in the property sector and to continually push boundaries by redefining how people live,” said SDB managing director Teh Lip Kim in a press statement issued on Monday.
Meanwhile, SDB’s other ongoing developments, 19Trees in Taman Melawati and Jia in Taman Bukit Serdang, are fully sold and currently in the final stages of construction. Both projects are expected to be completed and delivered by the end of 2025.
The group also plans to launch Senai, a 209-unit lakeside link-villa development in Taman Putra Perdana, Puchong, by end-2025. It is a gated and guarded community designed to offer families a nature-inspired environment complemented by modern amenities.
“Senai is conceived as a lakeside development that redefines landed living by blending innovation, lifestyle and value. Its three-storey link-villas are thoughtfully crafted to harmonise with the natural surroundings, offering residents an environment that is both serene and inspiring,” she explained.
For the financial year ended March 31, 2025 (FY2025), SDB posted a pre-tax profit of RM29.71 million on a turnover of RM375.95 million, with net profit coming in at RM21.92 million.
The group reported total unbilled sales of RM105.88 million and net asset backing of RM2.06 per share.
Its hospitality arm, Hotel Maya Kuala Lumpur, recorded RM21.63 million in revenue for FY2025, supported by domestic tourism, increased inbound arrivals from China and stable income from pre-purchase room contracts.
Shareholders also approved a single-tier final dividend of three sen per share for the year under review.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
