KUALA LUMPUR: Given that China’s situation has improved with economic activities resumed, IOI PROPERTIES GROUP BHD
confirms that it intends to launch its Xiamen 2 project worth RMB800mil (about RM489mil) next month, which comprises of high-rise residential and landed units, according to AmBank Research.
As of mid-March, the research house said economic activities have resumed with capacity picking up.
During its recent engagement with IOI Properties, the research house also noted that Xiamen 3 is expected to launch in the later part of this year. Both Xiamen 2 and Xiamen 3 are projects in China.
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