(Penang News) Datuk Seri Koh Ting Chung, founder of Huihua Industrial Group, announced that Penang International Commercial City (PICC) will be the most important project of the group. Its completion will not only successfully push the group to another peak, but also It is a turning point. By then, the group will successfully advance to a new level because of this project, and the future of the group is definitely worth looking forward to.
When Xu Tingzhong attended the closing dinner of Huihua Industrial Group recently and delivered a speech, he called on the leaders present to work together to move towards this vision and become the largest developer in Penang.
He said that during the epidemic, Huihua tried its best to run the entire group, especially in terms of sales. The turnover reached 500 million ringgit in 2022, and the turnover in 2023 will reach a higher level, directly exceeding 600 million. Ringgit, and these good results were achieved even during the epidemic, which is not only not easy, but also demonstrates the high standards of performance and capabilities of the entire group.
Datuk Xu Xiangren, managing director of Huihua Property Group, said that during the epidemic, the group launched a total of 4 projects with a total of 2,579 units and a market value target of RM1.6 billion. Among these four projects, the success rate has reached 92%. Currently, three of the four projects have been completed, and the last one will be completed in March this year.
He also said that the group has four new projects to be launched this year, namely PICC-SENSE, a serviced apartment with about 1,600 units; MAKASARI in Patan with more than 340 units; and Sungai Petani with about 250 units. SERI BAYU 2, as well as an affordable housing project located in the southwest of Penang Island, this project will also have at least 1,000 units. All projects are expected to be completed within 2 to 4 years, and the total sales volume will be as high as RM2.5 billion.
Xu Xiangren also said that the group has always attached great importance to projects other than real estate. Over the past 10 years, the group has also invested huge sums in Gurney Paragon Plaza and supermarkets in Kepala Batas, because these are manifestations of the group’s diversified development. It is also preparing for future development projects in Penang International Business City.
“The relevant project is expected to start construction in the last quarter of this year. By then, this 2.5 million square foot project will include hotels, shopping malls, commercial office buildings, etc., and this project will be a long-term investment of Huihua Industrial Group.”
At the meeting, Xu Zhimin, Xu Shanling and Xu Zhiting, executive directors of Huihua Industrial Group, also gave speeches on behalf of the company. Also present were the group’s executive director Datuk Tan Siew Fun, Sin Chew Daily’s senior regional manager for Northern Malaysia Ang Bao Qin, Guangming Daily’s general manager quasi-Datuk Major Chia Chin Wah and advertising sales director Zheng Yuling, etc.
That evening, the group’s closing dinner was held on the third floor of Gurney Paragon. All the senior management and employees attended in colorful costumes. Everyone gathered together happily, making the entire dinner full of joy and joy.