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.
In contrast, Ireka incurred net loss of RM4.09 million in the previous corresponding quarter mainly due to the share of loss in Aseana.
Executive director in managing director's Office at Khazanah Nasional Bhd, Datuk Charon Wardini Mokhzani: We’re really glad to see that affordable housing now is a big topic of conversation. The more people discuss it, the more likely we are to solve the problem.
E&O recorded a top-line growth of 137% year-on-year (y-o-y) in 1QFY17, mainly driven by higher revenue recognition of its ongoing projects in Seri Tanjung Pinang
The freehold project comprises 352 units of 3-bedroom and 2-bathroom apartment units with a built-up size of 900 sq ft. Each comes with two parking bays. Prices start from RM307,000.
The development is accessible via the North-South Expressway, New Pantai Expressway, Kuala Lumpur-Seremban Expressway and Shah Alam Expresway.
The high speed rail is now the talk of the town as investors and the public are eager to find out how it would impact the Malaysian property scene and to find out where they can put their money.
Believing that connectivity is absolutely vital, BBCC Development Sdn Bhd said the developer will be investing RM30 million into creating the central transport hub located within the Bukit Bintang City Centre (BBCC) development, said its chief executive officer, Datuk Richard Ong.
PHOTO GALLERY: Symposium on Kuala Lumpur-Singapore High Speed Rail 2016
SDB attributed the lower quarterly revenue to completion of the group’s Windows On The Park project in Bandar Tun Hussein Onn here.
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