so this is to expand the landbank of its existing smart industrial park

yep, cause recently just sign a 100 acre land parcel to support data centre development, so this is to replenish their landbank

anyway qr going to release this week, hope gonna be a good one

the upcoming qr main contributor sure is NSIP project again

you’re right, the NSIP contributed 81.04mil revenue to this quarter compared to 39.75mil in previous corresponding quarter

the phase 2 of NSIP is going to launch in this year, so should support the earning as well

yeah and the oil price also dropped, so should help ease the cost of development

the oil price dropped further now, they dont need to worry about the thin margin issue already

is the impact of oil price big to the company?

oil price will definitely have some impact to property sector one, because development projects are quite energy-intensive

@ketchup, 10% decline in oil prices could generally reduce construction costs by around 1% to 2%, potentially translating into a 1% to 3% increase in profit margins

1-3% increase from the current margin or 1-3 percentage point increment? if percentage point then the difference is very substantial

hmm, then the impact is not that big lah

the impact would still be significant, because all these projects' GDV are not small

impact is not that high too imo, but still a good news for all construction and property development stock

the impact is big, elevated oil price often cause greater inflation and greater inflation will cause rate hike most of the time. Nevertheless, current situation is good for the property sector now

yep, can keep an eye on the segment now