News by M

Once an investor favourite just a few years ago, Singapore has now sunk to “near the bottom” of the rankings it once topped while struggling with overcapacity, falling demand and a slump in its residential sector.

Naza TTDI Sdn Bhd, the property arm of Naza Corp Holdings Sdn Bhd, is actively on the lookout for more land banks in its quest to expand its property portfolio, said its executive director Idzham Mohd Hashim.

EcoHill Walk Mall, a neighbourhood mall at the Setia EcoHill township in Semenyih, is expected to open its doors by the first quarter of 2021.

Property developer Malton Bhd's net profit in the first quarter of the financial year ended Sept 30, 2016 (1QFY17) rose 44.4% year-on-year (y-o-y) to RM6.26 million from RM4.33 million, mainly on higher revenue from its property development division.

The local real estate industry can look forward to expanding their businesses across the Asean (Association of Southeast Asian Nations) region more effectively, thanks to an initiative by regional real estate bodies, including The Malaysian Institute of Estate Agents (MIEA).

Eastern & Oriental Bhd (E&O) reported a core net profit of RM5 million in the second quarter of financial year 2017 (2QFY17). 

Land belonging to the people of Penang is being sold without profiting the people, as seen from the rampant sale of land by the DAP-led Penang state government.

Variance in sales and completion status of projects during the quarter compared with a year ago, also impacted its earnings, it said in a bourse filing today.

IJM Land Bhd, the property development arm of IJM Corp Bhd, has launched the final phase of Penduline homes at its Bandar Rimbayu township in Telok Panglima Garang, Selangor.

Its assistant secretary, Loh Kit Mun, questioned the statement by state executive councillor Jagdeep Singh Deo that the state government could not limit or stop people from buying heritage properties as it was against the federal constitution.