PETALING JAYA: Property developer Hua Yang Bhd is confident of achieving a sales target of RM400mil for the financial year ending March 31, 2018 (FY18). In FY17, Hua Yang reported a 44% drop in net profit to RM60.93mil, compared with FY16 due to a slowdown in sales. Ho noted that despite the market conditions, the company has managed to post a respectable net profit for FY17 and it expected to maintain its net profit for the current financial year. The mixed development, which has yet to be named, will sit on 29 acres and have a total GDV of RM2bil. Meanwhile, in Johor, Hua Yang will be launching double-storey cluster homes with an estimated GDV of RM43mil in Kota Masai, Johor.

Source: The Star August 24, 2017 00:52 UTC