Its 1QFY20 core net profit only grew 1% year-on-year, as better showing from property (strong sales and firm margins in Vietnam) was offset by weaker performance from construction (the downsized Mass Rapid Transit Line 2 [MRT2] contract) and concessions (the absence of contribution from Syarikat Pengeluar Air Sungai Selangor Sdn Bhd [Splash] following its disposal).

FY19 earnings were largely contributed by: i) Eco Majestic, Eco Forest, Eco Sanctuary and Eco Sky in the Klang Valley; ii) Eco Botanic, Eco Spring, Eco Summer, Eco Business Park I, Eco Business Park II, Eco Tropics and Eco Business Park III in Iskandar Malaysia; and iii) Eco Meadows and Eco Terraces in Penang.

Financial year 2019 (FY19) core net profit stood at RM189 million versus a net loss of RM4 million in FY18

It is causing them to miss out on trade diversion opportunities — KL & Selangor Furniture Association

Most people would choose to live in a “good” neighbourhood but I would then ask “Are you a good neighbour?”

Property developers are also gearing up to make 5G a key selling point of their upcoming and future projects such as Gamuda Land’s Gamuda Cove in Sepang, Selangor and UOA Group’s Kuala Lumpur Digital City, a proposed integrated development near Jalan Ipoh that aspires to be a 5G smart city.

Chen Chong Hing, 67-year-old retiree: “There are many people like me who have moved out but come back every day to visit old friends. This is something modern residential developments cannot offer — community life where everyone knows and cares for each other.”

They said some “chemicals in liquid crystal displays (LCDs) could alter genes”.

The two residential blocks at Gravit8 — Nordica Residences and Adria Residences, will be handed over to buyers end-2019, in time for buyers to move in before Chinese New Year (end-Jan 2020).

“I wanted to change my lifestyle, maybe start a small business, so that I can have more time for my family and give them a better living environment. This was why I chose to move to Malaysia.”