EcoWorld Malaysia on track to hit RM3.5 billion in sales target – kopiandproperty.com
EcoWorld Malaysia on track to hit RM3.5 billion in sales target
Property transactions versus what people say
Charles, are you sure still got people buying properties today? Market’s bad lah. Hahaha. First, if the property developers tell you the market is amazing, please note that they have to paint a rosy picture. Else, they cannot sell. They may be speaking the truth but you can doubt them.
If the real estate agents tell you the market is amazing, please note that if no one is buying, they will have no income. So, maybe you can still doubt them unless they can show you some actual numbers which proved what they say is really the truth.
However, kopiandproperty.com is NOT part of the property developer, we do NOT have even a real estate negotiator tag, so I do not need to tell you that the market is super amazing. Besides, every time a negative article is up, it gets me more views! Sometimes I do wonder why not I just keep writing bad news, then my site will easily double the visit numbers. Haha.
Here are two real numbers (as published by National Property Information Centre aka NAPIC)
Residential Transactions Volumes by Types tells us which are the property types which people buy the MOST. No prizes to guess, it’s the terraced landed homes because most people try their very best to buy landed versus a high-rise. Secondly, even the developers are doing their very best to launch landed properties because they find it much easier to sell and people are more receptive to pay that amount they are asked for versus if the same amount being applied to a high-rise unit no matter how impressive that high-rise unit is.
EcoWorld’s targeted sales numbers and what analyst say
Article in nst.com.my Public Investment Bank Bhd (PublicInvest) said that Eco World Development Group Bhd (EcoWorld Malaysia) have reached 62 percent of its FY24 sales target of RM3.5 billion. EcoWorld has recorded RM2.18 billion in sales during the first seven months of the financial year 2024 (FY24).
“Correspondingly, EcoWorld Malaysia’s unbilled sales rose to RM4.03 billion from RM3.88 billion a quarter ago,” it said. EcoWorld Malaysia registered a second quarter (Q2) FY24 net profit of RM70.0 million, which is within PublicInvest and consensus full year estimates. Please do read here for the full article: Article in nst.com.my
My own say? Do not simply buy lah
Always look at more properties in order to be able to compare. Look at the PRICE, if it’s over-priced in comparison to similar properties, please skip. Then, look at the PLACE; where is the location. Does it fit what you want / need? Please do not buy in a place which you have because in the future, you will still hate the place…
Next is PRODUCT. Is it a property type you like? Does it have the club house you like? Is it near some malls you love? Even more importantly, is it near your parent’s place? Then, look at the Property Developer yeah. Remember, even if Price is right, Place is great, Product is amazing, you will still need the developer to complete the project. So, in short, 4Ps will help you prepare for your property investment journey.
Happy deciding.
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