As of 4Q19, TIL has five on-going projects which are Mutiara Indah, Palma Residensi, Palm Garden, Begonia Villa and Permai Residensi with total GDVs of RM331.8m (with average take-up rate of 31%). In tandem with rising new sales, TIL’s unbilled sales also increased further to RM58.8m during this quarter from RM33.4m in the previous quarter, which provides earnings visibility to the Group for the next 2 years.
New launch for 2020. TIL plans to launch a new project – Ambay Park, a landed gated and guarded residential development comprising 254 units of double storey terrace houses in Pearl City, with GDV of RM116.8m.