News by M

City Developments announced S$85.5 million in earnings for the 1Q ended March, 18.9% lower than the S$105.3 million it posted in the same quarter a year ago.

 Property sales are poised to grow in 2017 after three consecutive months of year-on-year increase in approved loans.

The current oversupply of office buildings especially in the Klang Valley has been plaguing the industry in recent years, but are we seeing any light at the end of the tunnel? How attractive are we as an office destination to global businesses?

S P Setia also said that it secured property sales of RM426.8 million, of which local sales contributed 82% or RM351.4 million to total sales, while the remaining 18% or RM75.4 million were generated from international projects.

Kuala Lumpur City Hall will not be gazetting the entire KL City Draft Plan 2020, but is thinking of gazetting selected portions of it.

Hatten Land reversed to a loss of RM74.2 million for the third quarter ended March 31.

Gadang Holdings Bhd rose 2.34% this morning after its joint venture company Gadang CRFG Consortium Sdn Bhd won a major traffic dispersion and improvement job from TRX City Sdn Bhd.

Iskandar Waterfront City Bhd shares recovered 4.35% in active trade this morning.

“There are excellent opportunities for Malaysian suppliers in London at the moment. To date, about 60% to 65% of most materials for new buildings in Central London come from Europe."

Country Heights Holdings Bhd says its executive chairman and major shareholder Tan Sri Lee Kim Yew's fixed deposits of some RM126 million placed in a foreign-owned bank has been seized by the Inland Revenue Board.