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) says its product offerings and improving tourism will continue to drive it portfolio returns despite the softness of the Chinese economy and property market.
IOIProp group chief executive officer Lee Yeow Seng said the group has a strong foundation for sustained earnings moving forward, underpinned by its wide property offerings, recurring earnings from its property investment portfolio and improving prospects for its hospitality and leisure segment.
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