KUALA LUMPUR: Malaysia’s Sunway Property, which plans to launch RM2 billion worth of properties this year, is aiming to achieve RM1.1 billion sales this year.
According to details, Sunway Bhd property development division of Malaysia and Singapore managing director Sarena Cheah said the group achieved its sales target last year, which was revised downwards to RM1.1 billion from RM1.4 billion.
She said the property market is uncertain but will pick up again, and the group is preparing for when the market improves while carefully planning its launches this year.
“We will not rush our launches. We will prepare for when the market picks up and we are confident we will do well because our projects are in strategic locations,” she told reporters at a briefing.