IOIProp set for strong FY24 showing

The development in Singapore is set to begin commercial operations in early 2024 and the cash generated could help IOIProp finance other planned developments, HLIB Research said.

PETALING JAYA: IOI Properties Group Bhd (IOIProp) is set for a notable financial year 2024 (FY24) ending June 30 with the completion of the IOI Central Boulevard (IOICB) office-tower project, which will strengthen its cash flow and portfolio as well provide recurring income.

The development in Singapore is set to begin commercial operations in early 2024 and the cash generated could help IOIProp finance other planned developments, HLIB Research said in a report.