THE EDGE MARKETS. 27TH MAY: Keck Seng (Malaysia) Bhd’s net profit for the first quarter ended March 31, 2022 (1QFY22) more than tripled to RM36.1 million from RM10.84 million in the previous year’s corresponding quarter. Its revenue for the quarter jumped 62% to RM407.43 million from RM252.01 million. The group declared a dividend of five sen […]
THE MALAYSIAN RESERVE. 27TH MAY: LBS Bina Group Bhd received the Malaysian Book of Records (MBoR) recognition for its achievement in creating the largest number of model houses in its sales gallery in Malaysia. The group achieved this feat by displaying 13 model houses in two sales galleries, namely KITA@Cybersouth and LBS Alam Perdana, with a cost value of RM14.8 […]
FREE MALAYSIA TODAY. 26TH MAY: A top Hong Kong developer wants to build a multibillion-dollar tower complex on land it lent the city for a Covid-19 facility, triggering concerns it will threaten wildlife habitat and do little to ease housing shortages. Sun Hung Kai Properties cited infrastructure installed at the now-shelved virus isolation centre as a […]
EDGEPROP. 27TH MAY: Sunway Property has launched Sunway Property Pals+, the country’s first-of-its-kind inclusive community experience for all residents — including owners, subsale owners and tenants — in its developments. Sunway Property Pals+, comprising Rent+, Care+ and Reward+ programme, aims to provide greater convenience and privileges for the residents. Speaking at the launch, Sunway Property chief […]
EDGEPROP. 26TH MAY: IOI Properties Group Bhd’s net profit for the third quarter ended March 31, 2022 (3QFY22) plunged 66.59% year-on-year to RM59.72 million from RM178.75 million partly because of property development costs written down. However, quarterly revenue in 3QFY22 grew 27.44% to RM737.79 million from RM578.95 million in 3QFY21 mainly attributable to better performance contributed […]
EDGEPROP. 26TH MAY: Sime Darby Property Bhd said on Wednesday that the group’s profitability in the financial year ending Dec 31, 2022 (FY22) may be affected by margin erosion brought by higher building material costs and labour shortage. “I guess we will be profitable, we will grow, but our profitability may be affected if we do […]
EDGEPROP. 24TH MAY: S P Setia Bhd shares on Bursa Malaysia went down in the early trading session on Tuesday (May 24) after it posted a weaker-than-expected revenue for the first quarter ended March 31, 2022 (1QFY22) due to supply chain disruptions which also affected margins. At 11.14am, the counter had slipped 4.5 sen to 97.5 sen, with 1.34 million shares […]
EDGEPROP. 25TH MAY: Malaysia Pacific Corporation Bhd (MPCB) and Real Trend Development Sdn Bhd (RTDSB) have signed a Memorandum of Understanding (MoU) to jointly develop Johor Affordable Housing scheme, or Rumah Mampu Milik Johor (RMMJ), under the state’s housing policy with a gross development value of RM85.5 million. The MoU also involves a commercial project comprising shop […]
PROPERTY GURU. 24TH MAY: City-developer SkyWorld Development Group (SkyWorld) achieved two significant milestones with the timely completion of SkyAwani 3 Residences – an affordable housing project in Setapak, Kuala Lumpur and most significantly, the SkyBridge located on the 52nd floor is bestowed with the title of ‘Highest Residential SkyBridge in Malaysia’ by The Malaysia Book of […]
NEW STRAITS TIMES. 24TH MAY: SkyWorld Development Group, a city-developer, reached two significant milestones with the timely completion of SkyAwani 3 Residences, an affordable housing project in Setapak, Kuala Lumpur, and, most importantly, the SkyBridge on the 52nd floor. The Malaysia Book of Records awarded SkyBridge the title of ‘Highest Residential SkyBridge in Malaysia.’ SkyBridge, which […]