Sunway Bhd’s first quarter was led by a sharp rebound in property development and resilient construction earnings, with other divisions adding breadth beneath a one-off boost from the listing of its healthcare arm.
Eastern & Oriental Bhd (KL:E&O) may absorb some rising construction costs driven by the ongoing conflicts in the Middle East rather than passing them entirely to homebuyers, as the property developer prioritises sustaining its RM1 billion annual sales.
Picture this: you bought your apartment unit over 30 years ago. You have paid off your loan, kept up your maintenance fees, and played by every rule. Yet today, you still do not hold a strata title in your own name.
Group revenue rose 13.1% to RM278.5 million from RM246.1 million a year earlier.
All permitted road users, other than those in the exempted categories listed, will be required to pay the applicable road charge upon entry into Jalan Genting Highlands effective May 28.
Revenue declined 4.2% to RM120.61 million from RM125.93 million.
Construction costs, including building materials and fuel, account for up to 50% of total development costs, while land costs make up for 20%.
It is aimed at supporting businesses investing in sustainable industrial and commercial properties.
Luxury retailer Valiram Group has completed the acquisition of a 40% stake in The Exchange TRX mall and 60% stake in the TRX Campus office from Australian property developer Lendlease Group on Monday.
Malaysia, particularly Johor, has positioned itself as a cost-efficient alternative to Singapore for data centre investments, owing to its relatively abundant land, availability of power infrastructure, and attractive investment incentives.
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