29 MKH Berhad The Board is optimistic and expects to achieve satisfactory results for financial year ending 30 September 2023 (“FY2023”) as we continue to carry out steps to mitigate the current challenging business environment due to the rising interest rates and inflationary pressures. With the unbilled sales of RM906.2 million as at 30 September 2022 (FY2021: RM947.2 million), the Group is well positioned for FY2023 with the ongoing developments such as Hill Park Shah Alam, MKH Boulevard II, Nexus @ Kajang Station, Kajang East Avenue Shop, MIRAI Residences @ Kajang Precinct 1, Nexus @ Taman Pertama, TR2 Residence @ Jalan Tun Razak, and Akina @ Kajang 2 Precinct 3. The unbilled sales of the Group will provide sustainable income recognition for the next two (2) years. In addition, the new project launches which are strategically located in Kuala Lumpur, Cheras and Kajang will further contribute to the unbilled sales. Our FY2023 planned launches with total estimated GDV of RM340.0 million comprising of retail shops development in MIRAI Residences @ Kajang 2 Precinct 1, landed retail shops development known as Kajang East Avenue 2, and MKH Avenue 2 Phase 1, landed residential development known as Akina @ Kajang 2 Precinct 3 Phase 2 and Kajang East Precinct 1 Phase 3B (final phase) which will be phased according to the prevailing market sentiments. Moving forward, we continuously explore joint ventures and identify new landbanks for development to ensure sustainability and growth. Property Development and Construction Artist's Impression of central green space at Kajang 2 Precint 3 Double Storey Terrace housing project known as Akina Management Discussion & Analysis Report
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