Time to target the Malay market, says Ahyat Ishak
“The only way for the [property] market to move to the next level, is for the Malay market to be fully activated. The Malay market has not been made fully aware about property investment, even now."
Malaysia's Public Sector Home Financing Board issues RM3.25 bil sukuk
Malaysia's Public Sector Home Financing Board had today issued up to RM3.25 billion worth of Islamic bonds or sukuk to finance the provision of housing loans to the public sector employees.
Hua Yang up 2.83% on plan to raise stake in Magna Prima
Hua Yang Bhd rose 2.83% this morning after company said it is planning to up its stake in Magna Prima Bhd by 20.12% or 66.89 million shares, for RM123.75 million or RM1.85 per share, to 30.96%.
IWCity falls 2.33% on requesting time to deliberate merger with IWH
IWCity said IWH has agreed to extend the original due date for one more month from April 19 to May 5 for its board to revert with its decision on whether the board is agreeable to put forward the proposed merger to the shareholders.
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.
