Property developer EcoFirst Consolidated Bhd (KL:ECOFIRS) swung to a net profit in the third quarter ended Feb 28, 2025 (3QFY2025), driven by stronger progress in its KL-48 project, which lifted revenue.

Johor-based property developer Country View Bhd declared a 20 sen dividend on Tuesday after a ninefold rise in first quarter net profit due mainly to the sale of three pieces of commercial land in Taman Nusa Sentral, Iskandar Puteri.

Noteworthy:

• Leasehold
• Built-up size: 5,969 sq ft
• Unfurnished
• Nearby amenities: Paradigm Mall, Kelana Jaya Medical Centre, KPJ Selangor Specialist Hospital, Unitar International University, Subang Golf & Country Club
• Accessibility: Federal Highway, SPRINT - Damansara and Kerinchi Links, Jalan Lapangan Terbang Subang, Lebuhraya Damansara-Puchong (LDP)

When: September 2024

Atrium Real Estate Investment Trust (KL:ATRIUM) reported a dip in net income for the first quarter ended March 31, 2025 (1QFY2025) to RM6.2 million due to lower interest income, and higher finance and administrative costs.

Property developer S P Setia Bhd (KL:SPSETIA) announced on Tuesday it has lodged the necessary documents with the Securities Commission Malaysia to set up sukuk wakalah and Islamic commercial paper (ICP) programmes with a combined limit of up to RM4 billion.

Property developer GuocoLand (Malaysia) Bhd (KL:GUOCO), the property arm of Hong Leong Group, is undertaking a comprehensive review of its land bank to maximise its land use value.

Sime Darby Property Bhd has raised RM800 million in its third sukuk (Islamic bond) sale under a RM4.5 billion programme.

The government is mulling measures to counter the US tariff threat. The Housing and Local Government will do its part with a possible Home Ownership Campaign.

Currently, there are no acquisitions on the table, said its CEO Datuk Mohd Salem Kailany, who was appointed to the board in November last year.

It has also extended Fong’s suspension pending his response to queries on financial transactions and personal conduct.