New launches spur IOI Prop

KUALA LUMPUR: IOI Properties Group Bhd (IOIPG) is set to achieve its sales target of RM2.3bil for its financial year ending June 30, 2022, underpinned by more than RM1bil worth of new launches and inventory clearance.

TA Securities in a report yesterday noted that pent-up demand for properties following China’s recovery from the Covid-19 pandemic, as well as favourable housing policies locally had driven IOIPG’s new property sales to RM2.3bil in 2021.