Ready to rock. Suncity is very well positioned to cash in on the current property upcycle. The company has lined up RM1.48bn worth of property products for launching in FY2010, with a sales target of RM1bn (+144% yoy from actual sales of RM410m in FY09). While seemingly aggressive, we do share the company’s optimism that the target is achievable mainly because of generally good locations of the products, the availability of financing packages, and right pricing and target markets.
Sunway City Berhad : Targets RM1bn Sales For FY10-01/03/2010
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