Impression Melaka to have GDV of RM5.4 billion, says Yong Tai Bhd

Impression Melaka to have GDV of RM5.4 billion, says Yong Tai Bhd

KUALA LUMPUR, Feb 23 — Property developer Yong Tai Bhd expects a gross development value (GDV) of RM5.4 billion for its Impression Melaka project which includes the Impression Theatre and Impression City.

Executive Director Boo Kuang Loon said the project would boost the group’s total GDV close to RM6 billion.

“The GDV for the Impression project is around RM5.4 billion and our estimated profit is about 20 per cent or a bit higher, which is fairly in-line with other property developers.

“I think our estimate is slightly higher as most of our properties are commercial properties,” he said when addressing existing and potential investors at a luncheon here today.

— BERNAMA

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