The Sandakan Municipal |
the effort of all quarters |
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Council aims to achieve City |
to improve collection and |
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Hall status by 2030. |
financial prudence,” he said. |
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Its President Datuk James |
Wong said this during the |
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Wong said this would |
swearing-in ceremony of 23 |
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be possible if the local |
councillors for the 2017-2018 |
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government could collect a |
session on Wednesday. |
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revenue of RM100 million by |
2025. |
Also, present to witness the |
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event was Assistant Local |
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“ For 2016, we have recorded a surplus revenue of RM2,572,000 based on the collection of RM87,140,000 against expenditure amounting to RM84,569,000.
“ The excess was due to
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Government and Housing Minister Datuk Zakaria Edris.
Meanwhile, Wong said in early estimates the District Council would be spending RM63,672,000 on operations and management from the
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RM63,919,000 allocation set for the year 2017.
He said the figure would only be clear by the end of the year, adding that it
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Sandakan town would jump further due to the collection of rental from seven People’ s Housing Project in the district, Federal Government grants and others. |
Sarawak-based property |
past two years, we reviewed |
||
developer Ibraco Bhd, |
our approved development |
||
known for its range of |
plans and decided to change |
||
upscale residential and |
certain components to |
||
commercial property |
develop affordable homes,” |
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projects, is recalibrating its |
said Chew. |
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product portfolio to include |
more affordable housing. |
“ We have resubmitted our |
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development plans to the |
Managing director Chew |
State Planning Authority. [ If |
|||
Chiaw Han( pictured) said |
everything goes well,] this |
|||
that the group has submitted its new development plans |
would help us gain [ a ] bigger competitive advantage,” he |
Managing director Chew Chiaw Han |
||
to the State Planning |
said. |
“ After the submission [ to the |
“ We are not expecting |
|
Authority to focus on homes |
State Planning Authority ], a |
to recognise full income |
||
catering to the needs of |
Ibraco saw its net profit in the |
few launches which we had |
from these projects until |
|
low- to moderate-income |
third financial quarter ended |
in the pipeline were deferred |
after the first half of 2017 |
|
households. |
Sept 30, 2016( 3QFY2016) |
to 4QFY2016. However, we |
( 1H2017) due to the stages |
|
The move, he said, was made not only to meet the needs of genuine home buyers looking for homes but also to give the group a competitive edge in a challenging market, seeing that consumer confidence has deteriorated. |
plunge 61.1 % to RM4.36 million from RM11.2 million a year earlier. Revenue too took a dive, dropping 46.6 % to RM32.43 million from RM60.76 million year-on-year.
The group attributed slower sales, the lower completion status of certain projects— on top of lesser other income, higher administration expenses
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managed to roll out a few launches as planned and the responses were satisfactory despite the current sentiment,” Chew said.
Still, these projects, which comprise high-rise residential properties with commercial podiums as well as commercial buildings in Kuching and Bintulu, Sarawak, are not expected
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of recognition. We will begin seeing contributions beginning or beyond 2H2017,” Chew iterated. |
|
“ In view of the weakening |
and finance costs— to the |
to contribute significantly to |
||
market sentiment over the |
decline. |
Ibraco’ s earnings this year. |
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20 www. PropertyHunter. com. my |