In Depth

MRT 2 major awards in the offing

MRT 2 is estimated to have an end-to-end journey time of 82 minutes. The proposed alignment moves along the Sungai Buloh-Serdang-Putrajaya corridor.

Eng Han grows its property development unit

Eng Han Group’s portfolio includes Premiere Hotel in Bandar Bukit Tinggi, Klang; Wisma LYL in Petaling Jaya; Mesa Hill in Nilai, Negeri Sembilan; M City in Jalan Ampang; Aston Kiara 3 in Mont’Kiara and Nadayu 92 in Kajang.

PROPERTY SNAPSHOT 2: What’s affordable in Brickfields?

Brickfields offers a diversity of properties. Some 31% of  transactions were for units priced over RM1 million while 15.5% were in the range of RM400,001 – RM500,000 and 12.1% were in the range of RM800,001 – RM900,000.

LBS Bina FY16 underpinned by sizeable unbilled sales

On a q-o-q basis, LBS posted a better net profit backed by higher progress billings as more houses were handed over to buyers and higher product margin. However, on a y-o-y basis, the group’s net earnings were slightly lower, affected by a higher effective tax rate despite achieving higher revenue and profit before tax.

OSK Property aims high

OSK Holdings last year restructured its businesses under property, construction, hospitality, manufacturing as well as financial services and timeshare. In the revamp, OSK Property and PJ Development Holdings Bhd (PJD) were merged into one business entity with a single identity and brand and called OSK Property.

Drawing in the millionaires

About half of sales transactions for non-landed homes in the 12 months to 1Q2015 in Mont’Kiara, Kuala Lumpur were above RM1 milllion each.