No property development plan for IGB this year

TheStar Thu, Feb 20, 2020 08:00am - 4 years View Original


IGB Bhd, which is known for its Mid Valley City development in Kuala Lumpur, said it has no property development project plan for this year in view of the continuous difficult and challenging market.

PETALING JAYA: IGB Bhd, which is known for its Mid Valley City development in Kuala Lumpur, said it has no property development project plan for this year in view of the continuous difficult and challenging market.

“The group’s development projects were completed in 2019 and there are at present no plans for any new launches.

“The group will concentrate its efforts on disposing of its current stock of completed properties while at the same time planning for future launches, ” it said in a filing with Bursa Malaysia yesterday.

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