PETALING JAYA: S P Setia Bhd is well on track to hit its sales target of RM4.2bil for its current financial year ending Dec 31, 2023, given the strong demand for its products so far.
Kenanga Research in a report noted that the property developer’s sales had already hit RM3.9bil for the nine-month period ended Sept 30, 2023.
“The upcoming months may see a surge in interest for its Johor products, thanks to the anticipated completion of the Singapore-Johor Baru Rapid Transit System Link in 2026. On top of that, the support from the RM548mil Tebrau land sales to Scientex Bhd
would be in place, albeit in 2024.”
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