MB World confident of good performance this year
Ho Chung Teng | 01 Sep 2017 00:30
The Taman Sri Penawar township spans 190.2ha and has a GDV of RM1.9 bil
MB World Group Bhd is confident it will continue to post a good profit in the financial year ending Dec 31, 2017. 

This is despite concerns over possible lower recognition of profits from its Pinnacle Tower project, which is nearing completion, and its Taman Sri Penawar township project, which has just been launched.

According to its executive director Ng Liang Khiang, the Johor-based developer is optimistic of being profitable in FY17, backed by the launch of new phases worth up to RM492 mil in gross development value (GDV) in  Taman Sri Penawar this year.

Among the launches are phase one comprising 265 single-storey terrace houses (sold out), phase two comprising 320 single-storey terrace houses (70% sold), Harmonia double-storey terrace houses (272 units, 85% sold) and the Desaru Avenue double-storey shop office (161 units, 90% sold). 

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