News by theedgemalaysia.com

The proposed mixed development along the Johor Bahru-Singapore Rapid Transit System (RTS) link by Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) and Hong Kong-based MTR Corp Ltd is expected to lift prices for other developments in the vicinity.

Sime Darby Property Bhd saw its counter rise to its highest since March 2022, and was actively traded on Monday morning (July 31).

Ivory Properties Group Bhd's external auditor Messrs UHY has flagged a material uncertainty that may cast significant doubt on the Penang-based property developer’s ability to continue as a going concern.

Construction outfit Vizione Holdings Bhd has reported a net loss of RM58.86 million for the sixth quarter ended May 31, 2023 (6QFY2023) on revenue of RM58.48 million.

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) on Friday (July 28) inked a memorandum of understanding with Hong Kong's public transport operator and property developer MTR Corp Ltd to undertake a mixed development project on a land adjacent to the Rapid Transit System (RTS) Link's Bukit Chagar station in Johor Bahru.

Permodalan Negeri Selangor Bhd (PNSB) and MGB Bhd on Friday (July 28) announced the commencement of construction for the Industrialised Building System (IBS) high-rise apartment Rumah Idaman Cahaya in Cahaya Alam, Shah Alam.

Bina Puri Holdings Bhd’s joint venture company has secured a sub-contract worth RM72.85 million under a Public Works Department project in Mukah.

CGS-CIMB has maintained its "add" rating of Sime Darby Property Bhd at 59 sen, with an unchanged target price of 73 sen, and said it was positive on the developer's plans to introduce solar solutions for townships by leasing rooftops from homebuyers to instal solar panels, and supply to offtakers.

Pavilion Real Estate Investment Trust (Pavilion REIT) said its net property income (NPI) for the second quarter ended June 30, 2023 (2QFY2023) rose 21.54% to RM101.01 million, up from RM83.11 million a year ago, on the back of higher revenue.

CGS-CIMB remained upbeat on the construction sector with an “overweight” call as the KL-Singapore High Speed Rail (HSR) project gains traction.