18 Annual Report 2022 Inspirasi Mont' Kiara applies a minimalist concept which features 46 storey residential towers that provide a modern yet holistic living environment Artist’s impression of Kajang 2 Precinct 2 The Group continues to leverage on strong demand for affordable housing emphasising on affordable pricing, good location and the right product mix. For FY2022, the Property Development and Construction Division’s revenue increased by 5.8% to RM538.5 million (FY2021: RM509.0 million) and profit before tax (“PBT”) increased by 78.7% to RM64.7 million (FY2021: RM36.2 million). In line with the good demand for transit-oriented development (“TOD”), MKH has been developing TOD projects that are well-located along the Klang Valley transit system such as Nexus @ Taman Pertama in Cheras, MKH Boulevard II in Kajang, Nexus @ Kajang Station, MIRAI Residences @ Kajang 2 Precinct 1 (ongoing service apartment projects) and the new service apartment project known as TR2 Residence @ Jalan Tun Razak, Kuala Lumpur. The Group has been actively carrying out marketing campaign through digital and social media platforms to widen our market reach and increase engagement with potential buyers namely MKH Super Saver Chinese New Year 2022 and MKH Super Saver Raya Deal 2022, which offered incentives to 22 residential and commercial projects. In addition, MKH Big Saver 2022 offered incentives to 4 residential projects such as TR2 Residence @ Jalan Tun Razak, MIRAI Residences, Nexus @ Kajang Station (Tower B) and Kajang 2 Precinct 3 (Akina). As at 30 September 2022, the Group recorded an unbilled sales value of RM906.2 million that was mainly attributable to the ongoing property development projects namely Hillpark Shah Alam, MKH Boulevard II, Nexus @ Kajang Station, Kajang East Avenue Shops, MIRAI Residences @ Kajang 2 Precinct 1, Nexus @ Taman Pertama, TR2 Residence @ Jalan Tun Razak and Akina @ Kajang 2 Precinct 3. Artist’s impression of Inspirasi Mont' Kiara
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