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.
Developers of new developments in the city will be required to upgrade the main drain in their development areas to solve the flash floods problem in the state.
PAM’s president Dr Mohd Zulhemlee An said a local plan that takes into account the projected population growth and infrastructure needs of an area could avoid disasters related to infrastructure inadequacies.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
