AME targets RM250mil industrial property sales in FY23

PETALING JAYA: AME Elite Consortium Bhd is optimistic of achieving its target of about RM250mil in industrial property sales in the financial year ending March 31, 2023 (FY23)

This comes amid increasing foreign and domestic direct investments into its industrial parks.

The integrated industrial space solutions provider said the FY23 sales target is higher than RM168.4mil recorded in the previous financial year.

“As at the first quarter ended June 30, 2022, AME secured RM64.8mil in new sales and RM124.6mil in bookings for its customised industrial park properties.

“The cumulative sum of RM189.4mil, if fully converted, makes up a healthy proportion of FY23 sales target,” the company said in a statement after its AGM yesterday.

Group managing director Kelvin Lee Chai said the company’s improved sales achievement in FY22, even in the midst of international border closures, reflected the immense demand for well-managed integrated industrial parks.

“Additionally, the state of Johor, where our industrial parks are currently located, has been the recipient of the highest approved foreign direct investments in Malaysia in the first half of 2022.

“With the country’s international borders reopened since April 2022, we are seeing an uptrend in enquiries as well as investments from Malaysia and across Asia, including China and Singapore.

“We are confident that this will enhance our prospects for FY23,” he added.

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