Eco World Development Group Bhd announced today that it had entered into a sale and purchase agreement with Deye New Energy Technology (Malaysia) Sdn Bhd (Deye) to sell 32.9 acres of industrial land for RM119 million.
S P Setia yesterday signed a memorandum of collaboration (MoC) with the Penang Development Corp (PDC) to jointly develop approximately 350 acres of land within Setia Fontaines into a mixed and/or industrial development.
Noteworthy:
When: January 2025
Find out the y-o-y median transacted price movements of four of PJ’s most popular locales as of Oct 31, 2024 — based on EdgeProp Research and EPIQ platform.
Tropicana Corp Bhd reported a revenue of RM520.9 million for Dec 31, 2024 (4Q2024) which was RM151.8 million or 41.1% higher compared to the corresponding quarter in the preceding year, which was RM369.1 million (4Q2023).
S P Setia Bhd has reported profit before tax (PBT) RM1.12 billion, its highest in five years amidst a competitive market, and a net profit after tax of RM631 million for FY2024.
Recent deals between Quantum Alpha Sdn Bhd (QASB) a subsidiary of Eco World Development Group Bhd (EcoWorld) and Google affiliate, Pearl Computing Malaysia Sdn Bhd (Pearl Computing) will form part of EcoWorld’s recurring income strategy.
Avaland Bhd achieved its highest-ever net profit of RM98.9 million in financial year ended Dec 31, 2024 (FY2024), which was a 50% surge from the RM66.1 million recorded in 2023.
IOI Properties Group Bhd registered a revenue of RM1.42 billion for the first half of financial year 2025 (6M FY2025), which ended on Dec 31, 2024.
REHDA Malaysia is “heartened” by the positive growth as revealed by the National Property Information Centre (NAPIC) in its Property Market Report 2024.
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