Tan said the group has about 300 undeveloped acres in its landbank but is constantly on the lookout for potential tracts for development. “Being a small developer, we usually go for land the bigger players may forego. This way, we do not have too much competition in the market and can cash in and cash out quickly,” she said. Purcon has land in Sungai Petani, Kedah; Jasin, Melaka; Kuala Pilah and Gemas, Negri Sembilan; and Tangkak, Johor. She also said that having its own construction arm benefits the group, as they would be able to save on construction costs and price their properties lower by up to 10%. “We are be able to save on building time while offering better products and maintaining quality control,” she added.On the property outlook for this year, Tan said the demand for medium-end properties is still there but the high-end property market might be slightly slower due to economic uncertainty.“However, it also depends on the location of the project, as highend developments located in affluent areas do well because of steady demand,” she explained.
(The Sun 25-2-2008)
