The tremendous improvements were due to higher recognition from construction progress and sales of completed inventory which showed a marked pick-up after two years of Covid-19 related disruptions and numerous construction site closures, the group said in its latest financial results announcement on Wednesday (Nov 30).
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“43% of homeowners in Malaysia surveyed have considered hosting to take advantage of the new appetite for travel.
The property developer said it achieved RM640 million new sales in 3QFY2022, the highest quarterly sales recorded since 2017, while unbilled sales stood at RM2.
“Of course, there is no crystal ball, but I will say sales momentum will still be strong, though it may not be as high as in FY2022,” Sime Darby Property group managing director Datuk Azmir Merican said.
The takeover price of 19 sen per share represents premiums of 1.
NCT executive chairman and group managing director Datuk Seri Yap Ngan Choy said the strong performance was mainly due to the resumption of economic activities and the reopening of national borders.
DONE DEAL: Bungalow, Seksyen 22, Petaling Jaya, Selangor DONE DEAL: Factory, Seri Kembangan, Selangor Nestled in the enclave of Bukit Damansara, Kuala Lumpur, the bungalow unit is sought after owing to its strategic location in the developed areas of Damansara Heights.
“Among the current hard-pressed issues are the building materials price hike and the shortage of foreign workers; both with lasting effects on the industry the longer they go on.
“The group's performance for this year was mainly derived from profit recognition from sales of inventories in Pangsapuri Samudera, and progressive profit recognition of Kiara 163 KL.
WCT group managing director Datuk Lee Tuck Fook said the group will continue to focus on project execution, while identifying new opportunities to replenish the order book of RM3.
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