For the cumulative nine months period (9MFY15), IGB recorded a 4.3% increase in net profit to RM165.59 million or 12.13 sen a share from RM158.74 million or 11.84 sen a share a year ago, on higher contributions from its property development and property investment divisions.
Econpile said its wholly-owned subsidiary Econpile (M) Sdn Bhd had been contracted by Nusmetro Property Sdn Bhd to undertake earthworks, piling, and basement construction works for the Arte Mont’Kiara project.
The ministry says the buildings are currently being refurbished into two residential units for home-based staff in compliance with current District of Columbia's zoning laws in order to preserve their heritage value.
The group will now be focusing in the next three years on its property development projects in Penang.
In a filing with Bursa Malaysia today, it was revealed that Success Tower had purchased the substantial 31.27% stake, thus becoming the largest shareholder in Ideal Sun City, which is principally involved in the project management services business for commercial and residential property development.
Wins two jobs worth RM4.78 bil and will take part in Cyberjaya City Centre development
Cement players also challenged by increasing cost of foreign labour
Property developers hope the developer interest bearing scheme (Dibs) will make a comeback in Budget 2016, a controversial property financing scheme that was banned in 2014 as part of the government's cooling measures.
If you’d like to be part of the heritage property boom in the Unesco World Heritage Site of George Town, there is one such opportunity on Kimberley Street.
Based on preliminary plans, the project comprises 175 units of 3/5 shoplots, according to BCB’s filing on Bursa Malaysia today.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
