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Day: November 28, 2024

KL and Selangor Property

Tropicana Posts RM877.8 Million Revenue In Q3 FY2024

For the financial period ended 30 September 2024, the Group recorded a revenue of RM877.8  million.  Tropicana’s financial position continues to improve, with gross gearing level reduced from 0.74 times as of 31 December 2023 to 0.70 times as of 30 September 2024. The Group’s unbilled sales stood at RM2.3 billion placing the Company in a comfortable  position to deliver sustainable earnings.

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China and Hong Kong Property related

Would you sell your property at 58 pct discount?

This is not a question for individual sellers but also developers. As an individual, I would not even sell my property for less than the amount I paid. That’s the reason why when we look at transaction prices, it is more likely to show a moving up trend and not a moving down trend. Except for the financial crisis days, those days, everyone is trying to outdo everyone else in selling lower. Except for those who could hold, then nothing happens and after that price bounced back up.

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