Sold out in a slowdown
In the current property market, why are there projects selling out overnight and people queuing days before a property launch?
In the current property market, why are there projects selling out overnight and people queuing days before a property launch?
As one of the growing nations in Southeast Asia, high-rise development is the way to go in urban locations.
Malaysia urgently needs timely and accurate property market data.
The property investment division also saw improvement in earnings.
The property segment recorded a small profit before tax gain of RM1 million for 3QFY17, which is a significant improvement over the losses from the previous quarters.
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The building comes with 84% secured tenants where the anchor tenant is Prudential Assurance Malaysia.
SunCon’s 9MFY17 revenue of RM1.3 billion (+7% y-o-y) came in strong as a result of better-than-expected construction revenue of RM1.21 billion (+16.9% y-o-y).
Moving forward, the focus is to ramp up local sales with launches in the group flagship townships.
The diversification is not a prelude to an RTO by Consortium Zenith, says chairman.