IOI Properties to launch RM3b GDV worth of properties

KUALA  LUMPUR (Oct 27): IOI Properties Group Bhd will be launching property projects with a gross development value of about RM3 billion over the second half of its financial year ending June 30, 2015.

Speaking to reporters after the group's  annual general meeting today, executive chairman Tan  Sri Lee Shin Cheng said the group would launch 10 projects in its three key markets, namely: Malaysia, Singapore and China.

Meanwhile, on the group's existing landbank, IOI Properties CEO Lee Yeow  Seng said it had 10,000 acres, which would sustain the group for "a few years".

"Of course we are also open to opportunities to acquire landbank elsewhere amongst these three markets," he said.