Cedar Woods Properties posted a strong third-quarter update for FY24, with pre-sales up 14% to $570 million.
The company sold the Williams Landing Shopping Centre and acquired prime land in Subiaco, Western Australia.
New partnerships with QIC and Tokyo Gas were formed during the quarter.
Cedar Woods expects to report a full-year net profit after tax of $36-39 million. The company's success is driven by housing demand, particularly in Western Australia and Queensland.