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The property division is clearly the main growth driver for the company right now, supported by progressive revenue recognition from several key projects. Revenue rose to RM103.2 million, marking a strong 126.6% year-on-year increase, mainly contributed by Damansara Livista, Residensi Kamelia, and The Wyn Residences. In addition, unbilled sales stand at RM637.0 million, providing clear earnings visibility over the next 24 months and indicating a steady project pipeline ahead.
Yah lor, property division is the hot stuff now, the revenue jump is no joke and those unbilled sales give us good foresight for the next couple years. Looks like they got enough projects lined up to keep things chugging along nicely.