On the back of rm600 million in new projects to be launched in 2014, its sakes target of rm500 million sales target can be easily achieved given year to date bookings of rm140 million.
In anticipation of more news flow on its project in Batu Kawan, Penang, its prospects remain positive.
Tambun Indah’s flagship Pearl City township in Penang have seen a consistent 10% increase in the average selling price annually over the past six years.
This is a good indication of demand for affordable housing. This gives Tambun Indah plenty of room to raise its ASP going forward. Compared to the current (March 2014) market price of about rm35 to rm40 psf for land in Datu Kawan, Tambun Indah’s average land cost of rm16 to rm18 psf will mean a much stronger margin for its property developments compared to the newcomers.
Seberang Perai Selatang has become the focal point following the opening of Penang’s second bridge and Swedish home furnishing store IKEA’s announcement that it is planning to open a mall in Batu Kawan. It is believed that good news will continue to flow in coming months (March 2014 ...).
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