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- Looking ahead, KSL said the government's introduction of the Housing Credit Guarantee Scheme and tax relief policies is anticipated to further stimulate demand among first-time homebuyers, particularly in the affordable housing market.
KUALA LUMPUR (May 27): Property developer KSL Holdings Bhd (KL:KSL) recorded a lower net profit of RM52.69 million for the first quarter ended March 31, 2025 (1QFY2025), compared with RM101 million in the same period last year.
The group said in a Bursa Malaysia filing that revenue fell by 25% to RM246.67 million versus RM328.25 million a year earlier.
Looking ahead, KSL said the government's introduction of the Housing Credit Guarantee Scheme and tax relief policies is anticipated to further stimulate demand among first-time homebuyers, particularly in the affordable housing market.
Additionally, the Kuala Lumpur–Singapore High-Speed Rail (HSR) development and the Johor Bahru–Singapore Rapid Transit System (RTS) are set to enhance connectivity in the respective regions, boosting property values.
“Overall, the group views 2025 as a year of opportunity, with strong market fundamentals and policy support providing a favourable environment for sustainable growth,” it added.
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