Ibraco's 4Q net profit down 80%; still positive on property outlook
KUALA LUMPUR (Feb 24): Sarawak-based property developer Ibraco Bhd's net profit in the fourth quarter ended Dec 31, 2016 (4QFY2016) dropped 80% to RM3.
IGB Corp up 15% on takeover offer
KUALA LUMPUR (Feb 24): IGB Corp Bhd shares rose as much as 38 sen or 15% after controlling shareholder Goldis Bhd made a takeover offer for the remaining IGB shares at RM3 each.
Northern region will see 5% growth in transactions this year, says Raine & Horne
KUALA LUMPUR (Feb 24): Kedah, Perlis and Penang will see a 5% growth in transactions for residential properties despite the overall property market slowdown, according to Raine & Horne International Zaki + Partners Sdn Bhd.
Property prices in East Malaysia to decline in 3Q2017 or 4Q2017, says Taylor Hobbs
KUALA LUMPUR (Feb 24): The property prices in East Malaysia is expected to drop in the third quarter or fourth quarter of 2017 if the slowdown in the market persists, said property valuer and estate agency Taylor Hobbs principal consultant Liaw Lam Thye.
East Coast property market to slow down due to challenges, says Rahim & Co
KUALA LUMPUR (Feb 24): The real estate market in the East Coast Economic Region, which comprises Pahang, Terengganu, Kelantan and District of Mersing, Johor, is expected to be slow due to the challenging economic environment and weakened consumer sentiment, said Rahim & Co International Sdn Bhd director Sulaiman Akhmady Mohd Saheh.
Landserve expects Johor landed house prices to drop a maximum of 30%
KUALA LUMPUR (Feb 24): Johor’s landed property prices could decline up to 30% this year, says Landserve (Johor) Sdn Bhd executive director Wee Soon Chit.
Encorp 4Q net profit up 280% on higher progress of development work
KUALA LUMPUR (Feb 24): Encorp Bhd’s net profit jumped 280% to RM16.
IJM Corp 3Q net profit drops 46% due to absence of one-off gain
KUALA LUMPUR (Feb 23): IJM Corp Bhd’s net profit dropped 46% to RM138.
2017 continues to favour office-tenant market, says Knight Frank
KUALA LUMPUR (Feb 23): Knight Frank Malaysia expects 2017 to remain as an office-tenant-favoured market due to more incoming supply in 2017 and 2018.
House prices can be reduced up to 40% by offering bare units, says Rehda past president
KUALA LUMPUR (Feb 23): If developers adopt the core housing development concept, house prices could come down by 30% to 40%, said past president of the Real Estate and Housing Developers' Association (Rehda) Datuk Ng Seing Liong.
