Developers’ duty to build affordable units in Selangor soon
A requirement for serviced apartment, Soho and Sovo projects
Prospects for Xiamen property market bright for IOI Properties
This is the third foray of IOI Properties into Xiamen.
Private entities to the fore in SUKE and DASH projects
Twenty-two companies made the list, of which only three are subsidiaries of listed companies on Bursa Malaysia. China Harbour Engineering Co Ltd (CHEC), a subsidiary of China Communications Construction Co Ltd, also won two contracts, partnering local companies.
Uncertain outlook for Penang real estate market, says Henry Butcher
The real estate market outlook for Penang till the end of this year seems rather uncertain due to weak market sentiments in both the primary and secondary markets. This is expected to lead to poorer performance this year, according to Henry Butcher Malaysia (Penang) Sdn Bhd.
SBC Corp still awaiting approvals for Jesselton Quay
The first quarter ended June 30, 2016 (1QFY17) revenue fell 64% mainly due to earlier completion of projects and delays in the launch of new property projects. 1QFY17 net profit was below RM100,000. No interim dividend was declared.
Ivory Properties' 1Q net profit down 13.4% on absence of disposal gain
Ivory said the property market remains sluggish with challenging economic environment globally and domestically.
IOI Properties acquires Xiamen land for RM1.4 bil
IOI Properties said the land was acquired via its indirect 99.8%-owned subsidiary IOI (Xiamen) Properties Co Ltd through a competitive bidding conducted by the Xiamen Bureau of Land Resources and Real Estate Management.
Sale of Aloft KL lifts Ireka's 1Q net profit to RM27.98 mil
In contrast, Ireka incurred net loss of RM4.09 million in the previous corresponding quarter mainly due to the share of loss in Aseana.
