Its major development ,i-City in Shah Alam launches its maiden projects i-Residences and i-SOVO achieved an overwhelming response with close to 100% take up rates. The good market response will augur well for the remaining phases of the development, further underpinned by its theme park in i-City.
The group has planned projects with GDV of rm9 billion in i-City, which can sustain it until 2020.
Current (June 2014) unbilled sales of rm405 million also render earnings visibility for coming years from 2014, equivalent to 4.3 times property development revenue of rm95 million which will be recognized over the next three years from 2014.
Also expect the group to experience explosive earnings growth from 2014 onwards…
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