Future space functionality redefined
Space, and how people interact with it, is ever evolving.
Space, and how people interact with it, is ever evolving.
S P Setia Bhd reported a cumulative nine months in financial year 2016 profit after tax and minority interest of RM383 million, accounting for 59% and 57% of Hong Leong Investment Bank’s and consensus estimates, respectively.
Sales momentum was sustained in 2QFY17 with new sales reaching RM250 million.
Press reports have previously indicated that the recent ECRL memorandum of understanding does not exclude potential partnerships with, or the participation of, local contractors.
Generally, MREITs’ gearing level is below 30%, and is backed by ringgit debt and fixed interest rates.
Property-division earnings should decline, but the impact is minimal.
One of the key strengths of Titijaya is its ability to expand its landbank through: i) joint ventures; and ii) land swaps with strategic partners such as government agencies and synergistic partners.
JP Morgan reckons that there will be three key implications for Singapore property from Donald Trump’s election as US president.
The Central Boulevard white site is the first sale of land in Singapore’s Marina Bay in nine years.
While Gadang has yet to win any construction jobs thus far in FY17, its management appears confident of at least maintaining its robust earnings recorded in FY16.