Tambun Indah sees boom in revenue

KUALA LUMPUR: Penang-based property developer Tambun Indah Land Bhd expects higher revenue growth this financial year compared to 2010, due to the sustained property boom in Penang.

Tambun Indah managing director Teh Kiak Seng said it was seeing strong interest in its ongoing projects from the industrial expansion on mainland Penang as well as spillover effect from high demand for residential properties in Penang Island.

The company managed to sell more units in the first half of the year compared to first half of 2010.

Currently, Tambun Indah has several ongoing projects in mainland Penang with total gross development value of RM1.6 billion until 2016, which has positioned it as a leading property developer in Penang.

SOURCE: Business Times

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