Developers strive to make the best of a challenging year

TheStar Sat, May 16, 2020 08:00am - 3 years View Original


Developers strive

WHILE most property developers might be revising their 2020 sales target downwards in light of the business impact of the Covid-19 crisis, they are striving to make the best of this “pandemic year”.

LBS BINA GROUP BHD recently announced that it is revising its 2020 property sales target to RM1bil from RM1.6bil previously, due to the challenging market environment.

CGS-CIMB in a recent report says the new target is more realistic, compared with what was initially set.

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