News by M

Master Builders Association Malaysia (MBAM) supports the Construction Industry Development Board (CIDB) Malaysia’s decision to retract its quality guidebook for homeowners, said MBAM president Oliver HC Wee.

Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.

Damansara REIT Managers Sdn Bhd, the manager of Al-`Aqar Healthcare REIT and Al-Salam REIT, has appointed Zulhilmy Kamaruddin as its new chief executive officer (CEO) as of Thursday (Nov 21).

Eastern & Oriental Bhd (E&O) has launched the first phase of the masterplan for its Andaman Island development. Spanning 760 acres of reclaimed land off the coast of the northeastern corner of Penang island, the mega project, with an estimated RM60 billion gross development value (GDV), will be developed in two phases. 

The Sarawak Land Code is a comprehensive legislative framework that governs land administration and management in the state of Sarawak

Oriental Holdings Bhd (KL:ORIENT) saw the diversified group’s net profit for the third quarter fall 70.12% year on year to RM88.87 million, from RM297.42 million on the absence of one-off gains recognised in the corresponding quarter in 2023.

Automotive seat maker Feytech Holdings Bhd (KL:FEYTECH) has failed to buy a piece of land in the Klang Valley, resulting in a delay in the construction of its new corporate office with a manufacturing plant and warehouse.

Fiamma Holdings Bhd (KL:FIAMMA) saw its net profit for the quarter ended Sept 30, 2024 (3QFY2024) decrease by 64.74% on a quarterly basis to RM4.04 million, as its profit before tax (PBT) declined 55.14% in the quarter due to losses at its property development segment.

UEM Sunrise Bhd achieved RM928.5 million in sales year-to-date, representing 93% of its RM1.0 billion full-year sales target, driven by project launches and strategic inventory management.

Radium Development Bhd saw revenue of RM48.5 million in its financial results for the third quarter of the fiscal year ending 2024 (3QFYE2024), reflecting a 3.6% increase compared to RM46.8 million in the same quarter last year.