PJ Development is working on being more efficient and becoming more careful with property development launches, to ensure its financial performance is at least maintained in this soft property market phase.
The Negeri Sembilan-based property developer’s revenue fell 18.4% to RM121.37 million in 3QFY15 from RM148.82 million in 3QFY14.
Malaysia’s growth depends on private consumption, but households are already highly leveraged
As the RM1.6 billion construction value of the project is pegged to the land that it will receive as compensation for the job, MRCB will also get the land parcels equivalent to the value of the jobs it has completed.
Parkson Retail Group’s minority shareholders reject 67.6% stake in Parkson Asia.
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