News by M

Glomac 1HFY16’s sales of RM80 million accounted for 15% of our target of RM544 million and 13% of the original management’s target of RM600 million for FY16. The management has reduced its sales target to RM500 million due to the soft market and high rejection rate from the banks on mortgage loan applications.http://subscribe.theedgemalaysia.com/

The Negeri Sembilan government is focusing Port Dickson as the pulse of the state’s tourism, viewing the seaside town as a short weekend holiday spot, especially for people from Selangor, Kuala Lumpur and Putrajaya.

HBA honorary secretary-general Chang Kim Loong told The Malaysian Insider that the issue of prohibiting “foreigners” was unacceptable.

The awards gala night was held on Nov 30 at the Mandarin Oriental in Kuala Lumpur and more than 300 of real estate’s biggest players and experts came together to celebrate the industry’s best and brightest stars.

The property developers were ranked according to their overall score. After the points for the quantitative and qualitative attributes were tabulated, the results were audited by Deloitte Malaysia.

Sunway Bhd has retained its top spot in the overall ranking of The Edge Malaysia Top Property Developers Awards for the second year running. It also takes the sub award for Best in Qualitative Attributes again.

The Light Waterfront integrated development by IJM Land Bhd is one of three recipients of The Edge Malaysia Notable Property Achievement Award 2015.

Leisure Farm’s boasts impressive facilities such as the Balé Equestrian & Country Club, Kayu Manis Orchard, Canal Park, Health Farm, marina and clubhouse.

Berjaya Corp Bhd (BCorp) intends to raise its stake in its 63.05%-owned subsidiary Berjaya Land Bhd to 75.05% for RM419.11 million or 70 sen per BLand share.

Glomac said the company’s higher revenues for both the latest quarter and half-yearly period were driven by progress billings in its key ongoing projects such as Lakeside Residences, Saujana Rawang, Glomac Centro and Reflection Residences.