Real estate developer IGB Bhd (KL:IGBB) said its net profit more than tripled for the first quarter from a year earlier, thanks largely to land disposal gains.

Berjaya Land Bhd (KL:BJLAND) said its net profit surged more than sevenfold for the third quarter ended March 31, 2024 (3QFY2024), attributed to gains from equity disposal and the revaluation of retained equity interest.

In view of the healthy take-up rate of its properties in Penang, Eastern & Oriental Bhd (KL:E&O) plans to launch three new projects in the state with an estimated gross development value (GDV) of RM1.63 billion in 2024 and 2025.

Kerjaya Prospek Property Bhd (KL:KPPROP) plans to launch two new residential projects in the Klang Valley with a combined gross development value (GDV) of RM395 million this year.

All 122 units of Sime Darby Property Bhd's (KL:SIMEPROP) Elmina Ridge 1 (phase one) residential development in the City of Elmina, Shah Alam has been fully taken up.

Noteworthy:

• Freehold
• Built-up size: 1,050 sq ft
• 3 bedrooms, 2 bathrooms
• Semi-furnished
• Nearby amenities: Cyberjaya Hospital, Multimedia University Cyberjaya (MMU), University of Cyberjaya, MRT Cyberjaya City Centre, MRT Cyberjaya Utara, multiple public and international schools, Malakat Mall, DPULZE Shopping Centre
• Accessibility: Putrajaya-Cyberjaya Expressway, ELITE, Putrajaya Ring Road, Putrajaya-Dengkil-KLIA Highway, MEX, SKVE

When: January 2024

Organised together with the Malaysia Shopping Malls Association, the workshop aimed to upskill industry players and elevate the maintenance and refurbishment standards of shopping malls nationwide. 

E&O said revenue for the full year rose to RM422.83 million from RM318.07 million.

Year-on-year quarterly net profit growth remained positive, despite a 17.6% drop in revenue to RM70.25 million in 1QFY2024, as compared to RM85.24 million a year earlier, thanks to an increase in other income logged.

The lucky draw will run until the end of 2024, promising a substantial cash prize of RM10,000 to one lucky homebuyer at every draw, with the first draw scheduled for June 30.