The 1HFY15 core net profit represents 65% and 58% of our and consensus estimates. The operating result was beyond expectations, with estimated earnings before interest and taxes at 76% of our full-year forecast.
Revenue for 1QFY15, however, declined 46.9% to RM68.89 million from RM129.74 million for 1QFY14, the property developer’s filing with Bursa Malaysia showed yesterday.
Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the average transacted price per square foot (psf) was RM539 in 3Q2014, while the average transacted price per unit was RM661,000.
According to a source familiar with the plan, the redevelopment of the new air force base for the Royal Malaysian Air Force in Butterworth, Penang, which has been in the works since early last year, may be scrapped altogether.
The Tropicana address has long been associated with exclusivity. Most homes there are luxury bungalows, but new developments are mostly condominiums as land is now scarce and expensive.
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Attention all readers with budding green fingers: red worms are probably your best friends.
The Manor will have 212 condominium units with a built-up area of between 2,426 and 7,356 sq ft. Prices start at RM1,100 psf.
Meet us at 8am tomorrow at Southville City @ KL South, Bangi, to watch the last leg of what may well be Malaysia’s biggest property competition.
First World Hotel at the Genting Highlands integrated resort near Kuala Lumpur has been named the world's largest hotel once again by the Guinness World Records.
After 11 years in Jalan Ampang, one of the federal capital's popular nightspots, Zouk KL, last night unveiled its new home in TREC lifestyle nexus.
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