Tropicana Corporation Berhad has doubled its ESG rating to 4 stars and earned a spot in the FTSE4Good Bursa Malaysia Index. This achievement reflects its 45-year commitment to sustainability, focusing on People, Planet, and Partnership. Key milestones include developing 20 townships and embracing robust corporate governance practices.
S P Setia is a very famous brand in the property development industry. It has a huge land bank and if I remember correctly, they are still within the largest few developers when it comes to landbanks here in Malaysia. If we look at just the sales numbers, S P Setia are one of the few developers who could do a billion ringgit of sales every quarter or less. I personally rate any developer who’s selling over RM1 billion per quarter as huge and reflects the property market closely.
EcoWorld Malaysia on track to hit RM3.5 billion in sales target Property transactions versus what people say Charles, are you sure still got people buying
Want to be a smart homebuyer? Unlock the Secrets to Smart Homeownership My advice is always the same; property investment should be an investment. Learning
S P Setia: RM3,89 billion sales for 9 months 2023 is reflective of the market? Property developer results would be reflective of the market too
I think this is a common thing right. We love that bowl of noodle X but we did not like it when the price is increased, again. We may stop eating it for a while but after a while we may accept it and continue eating it again unless if there’s a cheaper alternative. If there’s a cheaper alternative Y which is just as good, we would now continue that new alternative and will forget this expensive bowl of noodle X, right? Well, what happens if there’s no alternative then? Just one choice and the choice is compulsory? Yeah, that’s when acceptance is a given.
Both are considered huge developers in Malaysia. One has more landbank than the other but generally (go and check which one even if some of you should know immediately right), both are very well known. I think most property buyers would know their names. Both are always within the typical top 10 developer list here in Malaysia when it comes to total gross development value (GDV). So, why is SP Setia selling their 500-acre plot of land in Semenyih and why is Mah Sing buying up this plot of 500-acre land in Semenyih?
Property News Malaysia @ kopiandproperty.com kopiandproperty.com was started in November 2013 and the founder Charles Tan has been writing here ever since. He believes Malaysians
Eco World news. Property market vitality can only be seen from the results of property developers too. If they start to show losses, that would meant that sales are no longer growing and if their construction has to continue, this would lead to losses in the near term until they sold what they built. By the way there are developers who did not manage to sell all the units even after the project is completed yeah. This is where our overhang numbers come from.