I-Bhd's 3Q net profit up 162% on property development
I-Bhd said revenue rose to RM113.58 million from RM55.22 million
I-Bhd said revenue rose to RM113.58 million from RM55.22 million
It expects to see 400 tenants with 28 million customers in its first year of opening
The 600km rail line will be implemented in phases and connect townships such as Port Klang, the Integrated Transport Terminal Gombak, Bentong, Mentakab, Kuantan, Kemaman, Kerteh, Kuala Terengganu, Kota Baru and Tumpat.
The already-sluggish market expected to be worse off going forward...
The group expects the project, the Eaton Residences, to contribute positively to its earnings during the duration of the 43-month project commencing Dec 1, 2016.
Located along Persiaran Tropicana in Petaling Jaya, Lumi Tropicana comprises four towers with 744 serviced residences and 62 small office/home office units. The development has a gross development value of RM886 million.
HBA is glad that the government has continued to heed the association’s call to ban DIBS.
Mah Sing Bhd believes the stamp duty increment for homes worth more than RM1 million will encourage advance buying of completed properties prior to Jan 1, 2018 when the hike takes effect.