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Why RHB likes Emerging Towns & Cities

Samantha Chiew
Samantha Chiew6/13/2017 11:6 AM GMT+08  • 2 min read
Why RHB likes Emerging Towns & Cities
SINGAPORE (June 13): RHB likes Emerging Towns & Cities Singapore (ETC), a niche developer currently focusing on development projects in Myanmar and China.
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SINGAPORE (June 13): RHB likes Emerging Towns & Cities Singapore (ETC), a niche developer currently focusing on development projects in Myanmar and China.

Firstly, the group delivered topline growth of 92% y-o-y to $10.1 million in 1Q17, supported by ongoing revenue recognition of presold units at Golden City.

ETC also generated a gross margin of 27.7% due to the healthy profit margin from Golden City – a luxury mixed-use development in Yangon, Myanmar – and high margins from its rental units.

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