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Revenue for the quarter, meanwhile, increased by 5% year-on-year to RM416.

Net profit rose to RM29.

The planned launches consist of The Lume, a 261-unit residential condominium with a GDV of RM689 million, Marina, a serviced apartment project with an estimated GDV of over RM600 million and phase two of Senna and Fera, a 68-unit landed home project with an estimated GDV of nearly RM300 million, its managing director Kok Tuck Cheong told a press conference after the company’s 4QFY2024 result briefing on Tuesday.

The two projects will provide earnings visibility of up to four years, group executive chairman Datin Toh Siew Chuon said at Kerjaya Prospek Property's financial results briefing on Tuesday.

The entire Elmina Ridge 1 development comprises 228 units of superlink, cluster and semi-detached homes with a total gross development value (GDV) of RM373 million.

For the fourth quarter ended March 31, 2024, net profit more than doubled to RM36.

The group registered a 20% or RM14.

Imagine stepping right out your door and into the pulsating energy of the heart of Kuala Lumpur city, recently ranked the second most outstanding city in Southeast Asia by the Oxford Economics Global Cities Index 2024.

The RM1 bil Shariah-compliant fund sponsored by Sime Darby Property and LOGOS Property consists of five other limited partners, including local institutional investors such as Permodalan Nasional Bhd.

The proposed development will comprise of approximately 340 apartment units with a launch GDV potential of A$450 million (RM1.