Matrix Concepts 3Q profit falls 31.1% on lower revenue recognition
The Negeri Sembilan-based property developer’s revenue fell 18.4% to RM121.37 million in 3QFY15 from RM148.82 million in 3QFY14.
More than 607ha of sea land off Permatang Damar Laut, Penang, identified for reclamation
Part of the land-swap deal with SRS Consortium, the project delivery partner for RM27 billion Penang Transport Master Plan.
PROPERTY SNAPSHOT 3: What are the prices of developments in South Central PJ?
The costliest address is Tropicana City Tropics, with an average transacted price of RM890 psf, almost 22% higher than the next-most costly projects, Amcorp Serviced Suites and Li Villas (RM732 psf each).
Tribunal rules 28 Boulevard soho units GST exempt
Today's decision means that the buyers need not pay the GST ranging between RM18,000 and RM25,000.
TH Properties JV to develop A$500 mil 'ONE The Waterfront' residential project
ONE The Waterfront is one of the ongoing three residential projects in Sydney carried out by their 50:50 joint venture firm, Piety THP Developments Pty Ltd.
Explain special privileges for Perak Umno building, says DAP rep
The state government must explain why the Perak Umno building is able to sit on prime land by paying only a nominal premium charge of RM100 per lot, says Canning assemblyman Wong Kah Woh.
Penang should set up special fund for heritage conservation, says rep
Komtar assemblyman Teh Lai Heng said the state should not just wait for funds from the federal government or its agencies to restore and conserve the city's heritage sites but should set up its own fund with RM10 million.
MRCB plans private placement to raise up to RM612 mil
Based on an indicative issue price of RM1.24 per placement share, the exercise is expected to raise gross proceeds of between RM443.072 million (minimum scenario) and RM612.08 million (maximum scenario).
PROPERTY SNAPSHOT 2: What’s affordable in South-Central PJ?
By average transacted unit price, the most expensive project is Five Stones in SS2, with an average transacted price of RM1.58 million.
City Hall gives approval for Damansara 16 project
SDB communications and corporate affairs head Lina Othman told The Malaysian Insider that they received the approval from City Hall on September 3, 2014. “We will continue to carry out maintenance, such as grass cutting, plant trimming and overseeing the site. Fogging is also carried out on a monthly basis,” she said.
