An artist s impression of Artis comprising 152 luxury apartments and penthouses.
KUALA LUMPUR (Jan 27): Crown Group is banking on a looming undersupply in the apartment market and a surge in buyers this year to push ahead with its first apartment projects in Melbourne and Brisbane in Australia, as well as Los Angeles in the US, after reporting a rise in both profit and off-the-plan sales in the 2020 financial year.
The group earlier this month reported financial results for the 12 months to June 30 of a 6% pre-tax profit to A$35.6 million and sold 111 apartments worth A$131.5 million, despite four months of the pandemic and nationwide lockdown in that period, it said in a statement.