The group said Bank Negara Malaysia’s recent 25-basis-point cut in the overnight policy rate is anticipated to create a more supportive environment for homebuyers and investors by reducing borrowing costs and improving housing affordability.
Looking ahead, NCT Alliance said it expects its upcoming project launches to support revenue in the second half of FY2025.
The Engineering and Construction segment continued to be the main contributor to group revenue, accounting for RM248 million, or 45% of total quarterly revenue, while Property Investment & Management added RM64 million, supported by higher contributions from hotels and the aviation division.
Looking ahead, Berjaya Land expects improved performance in its domestic segments, supported by stronger consumer spending and recovering tourism.
Together with the existing and future assets in Southkey, the group envisages the enlarged development to be eventually comparable in size to the renowned Mid Valley City in Kuala Lumpur.
As your car pulls into the driveway of your home after work, the air softens, the sounds of the city recede, and you are greeted by the gentle rustle of leaves and soft chorus of the hills—an invitation to breathe deeply and to reclaim a sense of peace.
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Going forward, MRCB said its property development and investment division remains focused on enhancing cash flow by monetising unsold completed stocks in Malaysia, as well as achieving its earmarked RM2.
Segmentally, the retail division was the largest revenue contributor in the quarter with RM137.
Its construction division saw revenue and pre-tax profit jump 79.
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