Tropicana Corporation Berhad has surpassed its property sales target, hitting RM650 million in the first six months of FY 2023 as property bookings soared above RM1.3 billion.
The management cited that the Group is on track to hit its RM1.3 billion mark as it focuses on rolling out market-centric developments while selling completed stocks to drive significant cashflows. Aside from the positive sales achievements, Tropicana’s unbilled sales stood at RM2.1 billion providing sustainable earnings for the Group.
“Sustainability is part of Tropicana’s core, centred around our development DNA and ESG pillars. To uphold our promise to our stakeholders, we plan to sustain our earnings and sales momentum by offering market-centric developments backed by aggressive ongoing property sales campaigns. In addition, we have robust unbilled sales of RM2.1 billion and we will continue to unlock our landbank offering 4 new developments with a total GDV of RM1.1 billion which will contribute to the future earnings of the Group. In the pipeline, we will be unveiling Tropicana’s first township at Puncak Alam, offering our Tropicana unique development DNA to the community,” the management emphasised.
The Group remains optimistic and believes that there will still be strong demand for properties in prime locations in established, matured, and developing townships.
