Hong Lai Huat Group Limited (SG:CTO) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Hong Lai Huat Group Limited has experienced a challenging year with zero sales of its D’Seaview project units due to adverse market sentiments, maintaining a 55%-65% occupancy rate through rentals. The company has made some progress with the Royal Platinum residential project, selling 97 out of 851 units, mainly to local Cambodians and a diverse group of international buyers. Efforts to improve sales include introducing new payment plans, strategic marketing partnerships, and expanding into European and East Asian markets.
For further insights into SG:CTO stock, check out TipRanks’ Stock Analysis page.