Homebuyers to bear the brunt of rising building costs
The safeguard duty has resulted in a significant increase in raw material costs.
GuocoLand 4Q net profit down y-o-y after asset sale last year
GuocoLand (Malaysia) Bhd saw a 38% decline in net profit for its third financial quarter ended March 31, 2017 (3QFY17) to RM8.34 million from RM13.35 million a year ago, which it attributed to a high base effect after it sold a piece of land on Jalan Kia Peng last year.
Analysts hold S P Setia's earnings forecast pending Singapore project launch
Analysts are holding their earnings forecast for S P Setia Bhd after it won the tender for a plot of prime land in Singapore, amid concern over the group’s valuation due to the high cost of the land.
Buyers need to be more realistic, says Rehda
“Wanting to own a home in Kuala Lumpur city centre for less than RM500,000, that is not very realistic. That’s why we also urge the media, the National House Buyers Association (HBA) and the government to help educate our buyers,” said Rehda president Datuk Seri FD Iskandar Mohamed Mansor in a media briefing on Rehda’s Property Industry Survey 2H2016 this morning.
CapitaLand Commercial Trust’s 1Q2017 DPU rises 9.6% to 2.4 S'pore cents
Distributable income for the quarter grew 9.9% to S$71.3 million, largely contributed by CapitaGreen given CCT’s increase in ownership from 40% to 100% from Aug 31, 2016.
S P Setia awarded tender for Toh Tuck Road site, set to launch in 2018
S P Setia Bhd, via its subsidiary S P Setia International (S) Pte Ltd, has been awarded the tender for Singapore’s Toh Tuck Road site by Singapore’s Urban Redevelopment Authority (URA), marking the developer’s third project on the island.
Strong take-up for phase 2 of E&O’s Ariza Seafront Terraces in STP
Eastern & Oriental Bhd (E&O) has recorded 87% take-up for phase 2 of its Ariza Seafront Terraces comprising 35 units of landed homes in Seri Tanjung Pinang (STP), Penang. They were launched on March 23.
AmanahRaya REIT aims to buy 'trophy assets', eyes KL office tower
AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) aims to acquire “trophy assets” in the immediate term, despite the softening property market, said Amanah Raya Bhd’s (ARB) group managing director Adenan Md Yusof.
SkyWorld to have own construction quality centre for its projects
SkyWorld Development Group has invested RM3.8 million to set up a 13,000 sq ft facility called the SkyWorld Quality Centre to showcase the quality of construction of the developer’s projects.
Govt to build 4,800 apartments for youths
The ministry of urban wellbeing, housing and local government will build 4,800 units of studio apartment for youths, on its land in Batu district, Kuala Lumpur.
