THE STAR. 22ND NOVEMBER: Warren Buffett’s Berkshire Hathaway Inc has increased its stakes in five of Japan’s major trading companies, according to filings. Berkshire Hathaway first bought stakes in Japan’s trading houses – also known as “sogo shosha” – in August 2020, acquiring about 5% of each of the firms. The trading companies, which invest in […]
EDGEPROP. 22ND NOVEMBER: Lagenda Properties managing director Datuk Jimmy Doh said the group’s bookings and sales momentum continued to be healthy, with unbilled sales of RM653.6 million as of Sept 30. Lagenda Properties Bhd saw its third quarter net profit decline 21.54% to RM35.73 million from RM45.54 million a year earlier, mainly due to upfront costs […]
THE STAR. 22ND NOVEMBER: Sweden’s home-price decline accelerated in October, as the Nordic country gripped by the most severe housing slump in three decades shows what may lie ahead for many other developed economies. One of the pacesetters for a global housing downturn fuelled by soaring inflation and central bank moves to curb price increases, Sweden […]
FREE MALAYSIA TODAY. 17TH NOVEMBER: The restrictions imposed by the movement control order (MCO) and closure of the international border to stem the spread of Covid-19 drastically reduced demand for rail services in 2021, according to the Department of Statistics Malaysia today. Data from DoSM’s My Local Stats 2021 revealed the total number of passengers […]
EDGEPROP. 17TH NOVEMBER: Sales came mainly from local projects, which contributed RM2.34 billion or approximately 87%, while international projects contributed another RM359 million or approximately 13% of sales. S P Setia Bhd today announced it “secured” total sales of RM2.70 billion for the nine months ended Sept 30, 2022, while registering profit before tax of […]
THE EDGE MARKETS. 16TH NOVEMBER: Gabungan AQRS Bhd has entered into a joint development agreement with PR1MA Corporation Malaysia to develop a residential project in Kuantan, Pahang, with an estimated gross development value (GDV) of RM335.95 million. In a filing with Bursa Malaysia on Wednesday (Nov 16), the group said the project involves the development of 1,065 units of […]
EDGEPROP. 15TH NOVEMBER: A recreational hub and two educational institutions nearby, namely Tenby International School and SJKC Bukit Fraser, cater for the growing needs of the community. Tropicana Corp Bhd has unveiled the final villa series of its 863-acre township development Tropicana Aman, Kota Kemuning. Dubbed Hana Residences, the series offers 130 two- to three-storey bungalows […]
NEW STRAITS TIMES. 15TH NOVEMBER: Real estate technology group Juwai IQI sees inflation as the biggest issue among voters although housing affordability remains the hot topic for many. Co-founder and group chief executive officer (CEO) Kashif Ansari said people are less concerned about real estate because prices have been stable this year, and there is […]
THE MALAYSIAN RESERVE. 14TH NOVEMBER: We think the property sector outlook will be challenging moving forward, with political uncertainties from the GE15 and multiple macro environments It has been a challenging year for global equities, roiled by recession fears and escalating geopolitical tensions. Nevertheless, Malaysia’s property sector (as represented by the Bursa Property Index) closed in the first […]
THE MALAYSIAN INSIGHT. 13TH NOVEMBER: The five-year wait of 742 buyers of PR1MA homes in Residensi Bandar Ekar, Rantau, is set to end as the project is expected to be fully completed in March. Expressing his joy, Tay Ching En Marcus, 34, said this could reduce his financial burden and allow him to realise his dreams […]