SINGAPORE (Dec 14): Yoma Strategic Holdings has been taking steps to increase its residential sales, while continuing to grow its automotive and food and beverage businesses.

According to Shane Goh and Ramakrishna Maruvada, Daiwa Capital Markets’ analysts, the group’s residential business remains on track, selling 10 units of its landed residential development Pun Hlaing Estate in the recent quarter 2QFY17, compared with the 2 units sold in the previous corresponding quarter, 2QFY16.

In its condominium development Star City’s Galaxy Towers, the group has not launched any additional units beyond the initial 334 units, as it plans to resize the units to include more of the smaller 1- and 2-bedroom units. Goh and Maruvada noted that the smaller units have had “more receptive demand from local buyers due to their lower price quantum”.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook