Leveraging Strengthened Balance Sheet for RM 1.2 Billion Project Rollouts in 2024
YNH Upcoming Launch: Residensi Bangsar South, next to Klang River.
YNH PROPERTY BERHAD ("YNH") is poised for an impressive 2024. The company's recent strides, including the landmark project Kiara 163 and its strategic sale, signal a robust financial year ahead.
Recent Achievements:
Our recently completed Kiara 163 stands as a testament to our commitment to excellence and our capability in delivering successful projects. We are also thrilled to announce the sale of the Kiara 163 mall, a significant step that will notably enhance our balance sheet.
Financial Highlights:
The aforementioned sale not only underscores our strategic decision-making but also promises to augment our financial strength. We are also observing favorable financial trends in various segments, and will continue our endeavors in cost-saving measures and diversifying revenue streams.
Projects on the Horizon:
YNH is gearing up for a series of significant project launches. In Bangsar South, the anticipated Residensi Bangsar Selatan aims for a GDV of RM 438m. Meanwhile, new endeavors are slated for Manjung with a combined potential GDV of RM 140m. On it’s progress in joint venture developments, the Lot 400 joint venture located at Lumut promises luxury bungalows and semi-detached homes with pristine sea views, targeting an initial GDV of RM 130m. Additionally, a housing development in Kuala Pilah is in the pipeline, with a projected GDV of RM 533m and its first phase featuring 522 terrace homes.
With the release of recent annual report for the financial period ended 30 June 2023, the auditor has provided a true and fair view on the financial position, with exception on certain joint venture and turnkey agreements to determined upon the conclusion of the ongoing review with the relevant parties.
YNH Upcoming Launch: Affordable housing, 1-storey Terrace in Kuala Pilah
YNH Upcoming Launch: 2-storey Semi-D in Lumut
- END -