The land @ RM18.40 psf can be deemed fairly cheap. It can generate substantial profit even if L&G were to build double-storey linked houses only on the land for sale. This land can easily generate a GDV of more than RM1 billion. (assuming 112 acres x 12 units per acre x RM750k per unit) and profit of RM150 mil to RM200 mil.
balvin71Will be seeing higher construction cost with the increase in levy for foreign workers. Margins will be further reduced.
spectre007The recognition of revenue for damansara foresta .... cheap construction costs is in the last 3 to 4 years... imagine the bumper profits in the coming quarter''s announcement
Eric FongIf RM0.30 must buy more...dividend yield is great!!!
spectre0070.4 is coming in the very near term... watch it..
“While the near-term outlook for property sales is unexciting, in our view, the fundamentals of the sector, especially for houses priced between RM700,000 to RM1mil, are not as dire as perceived by many. We are also bullish about the prospect of the overall stock market. We expect the FBM KLCI to reach 1,900 points by end 2016. This bodes well for the property sector, as property is a high-beta play,” CIMB said.