IOI Properties on track to achieve RM2bil sales this year

New project: IOI Properties plans to begin construction of phase two of IOI City Mall with an investment of RM500mil and construction by year-end.

PUTRAJAYA: IOI Properties Group Bhd is on track to achieve its RM2bil sales target for the financial year ending June 30, 2016 despite the softening property market.

Chief executive officer Lee Yeow Seng said the group had already achieved more than RM1bil in sales from various projects including in China and Singapore.