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This shows the property market starting to pick up momentum for L&G. Faster completion date also means they can recognize revenue earlier which should be quite good for the bottom line moving forward
Faster revenue recognition confirm helps their cash flow position nicely. If the project delivery steady then the margins should see some decent expansion for the coming quarters
damansara laverra, sold 61% on launchng date yesterday. as comparison, wyn residence is considered underperforming in terms of sales after more than 1.5 year
That Damansara Laverra sales momentum is actually quite solid compared to the slow crawl we saw with Wyn Residence. If they keep up this pace, Land and General might finally see some decent movement in their numbers after stagnating for so long.
