UEM Sunrise Bhd, which turned a net profit of RM20.7 million in the second quarter ended June 30, 2022 (2QFY22), is cautiously optimistic of achieving its sales target of RM1.5 billion.

Developed via a joint venture (JV) between Permodalan Nasional Bhd (PNB) through its indirect wholly-owned subsidiary MIDF Property Bhd; KWEST Sdn Bhd, a wholly-owned subsidiary of Kumpulan Wang Persaraan (Diperbadankan) (KWAP); and AREA Group of Companies, through their subsidiary AREA Industrial Development Holdings Sdn Bhd, the industrial development is a 220-acre freehold, green certified project with a gross development value of RM1.2 billion.

Eupe Corporation Bhd said it expects its financial results to rebound by the year ending Feb 29, 2024 (FY24), noting that its current project development pipeline is double pre-pandemic levels.

Sime Darby Property Bhd (SDP) recorded revenue and profit before tax (PBT) of RM1.1 billion and RM229 million, representing an increase of 0.5% and 40.9% year-on-year (y-o-y), the developer announced today

Co-founder of software giant Oracle, Larry Ellison, is selling one of his mansions located in sunny Florida.

Vizione Holdings Bhd is buying property development company Midlands City Sdn Bhd for RM38 million cash in a related party transaction.

Sunway Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) jumped 140% to RM168.88 million from RM70.52 million in 2QFY21, boosted by strong operating contributions from most business segments.

Noteworthy:

• Semi-furnished
• 4-storey shop lot
• Built-up: 5,056 sq ft
• Nearby amenities: The Starling, Damansara Uptown commercial hub, KPJ Damansara Specialist Hospital
• Accessibility: Lebuhraya Damansara-Puchong (LDP), Federal Highway, Sprint Highway, North Klang Valley Expressway (NKVE)

When: April 2022

UEM Sunrise Bhd made a profit of RM20.7 million or 0.41 sen per share in the second quarter ended June 30, 2022 (2QFY22), on higher revenue and improved operating profit margins.