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Real estate news News Home Editor's Pick Latest News In Depth Stories Lifestyle Stories Videos Narratives Malaysia Property Industry The Pulse on Companies Your Local Experts Guides Events Upcoming events Best Managed & Sustainable Property Awards 2021 Best Managed & Sustainable Property Awards 2020 Best Managed Property Awards 2019 Best Managed Property Awards 2018 Best Managed Property Awards 2017
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Calculators Edge Reference Price Buy vs Rent calculator Quick Loan Check Credit & Loan Eligibility Report Research Is it a Good Deal? Location Scan EdgeProp HomeAdvisor Report Area Outlook Projects Directory Home Services Sell my property Submit home finder request Exclusive Broadband Promo Q&A Legal Q&A with Chris Tan Fengshui Q&A with Dato Joey Yap Guides Buying Renting Selling Home Financing Investing Home Improvement

News by Chester Tay

news

Magna Prima says in final stage of negotiations to monetise a land bank

12 January, 2024

Magna Prima Bhd, which drew the attention of Bursa Malaysia Securities Bhd following a spike in its share price over the last three days, said it is in “final stage of negotiations for the monetisation of one of its land bank”.

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news

Fajarbaru's RMAF Butterworth base redevelopment contract sum revised higher to RM16.26m

12 January, 2024

The value of Fajarbaru Builder Group Bhd’s contract for the planning phase of the redevelopment of military facilities at the Royal Malaysian Air Force (RMAF) base in Butterworth, Penang has been revised to a higher sum of RM16.26 million, from RM7.36 million previously.

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IGB REIT Management chairman Lin See Yan, CEO Antony Patrick Barragry stepping down after 11 years

30 December, 2023

IGB REIT Management Sdn Bhd chairman Tan Sri Dr Lin See Yan is stepping down by Dec 31, and will be succeeded by former managing director Datuk Seri Robert Tan Chung Meng, effective from Jan 1, 2024.

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IJM Corp-led consortium to complete KLIA aerotrain replacement project, sources say

29 December, 2023

Malaysia Airports Holdings Bhd (MAHB) is said to be mulling on hiring a IJM Corp Bhd-led consortium to carry on with the aerotrain replacement project that was halted in August, according to sources familiar with the matter.

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UOA Development earnings down 47% amid lower revenue, higher tax expense

27 November, 2023

UOA Development Bhd’s net profit dropped by 47% year-on-year for the third quarter ended Sept 30, 2023 (3QFY2023), in line with a lower set of quarterly revenue, coupled with higher tax expense.

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OSK's 3Q earnings up 9% despite lower contributions from property, construction segments

27 November, 2023

OSK Holdings Bhd's net profit grew 9% to RM123.03 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM112.85 million a year earlier, as earnings improved across its industrial manufacturing, hospitality, and financial services businesses.

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Sime Darby Property actively traded after quarterly results beat expectations

27 November, 2023

Sime Darby Property Bhd was actively traded on Monday morning, after its latest quarterly results beat analysts’ expectations, with the management indicating that the group is on track to surpass RM2.7 billion in sales this year.

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Matrix Concepts’ earnings up 27% in 2Q as worker shortage issues dissipate

23 November, 2023

Matrix Concepts Holdings Bhd's net profit grew 27% for the second quarter ended Sept 30, 2023 (2QFY2024) fuelled by improved construction activities as labour shortage issues dissipate.

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Widad’s unit wins RM117m job to build first phase of Tok Bali Industrial Park in Kelantan

23 November, 2023

Widad Group Bhd’s unit has secured a RM116.8 million contract to build Phase 1A of the Tok Bali Industrial Park in Gong Kulim, Kelantan for the East Coast Economic Region Development Council.

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news

LBS Bina posts 14% profit growth in 3Q despite lower revenue, higher finance costs

22 November, 2023

LBS Bina Group Bhd has recorded a 13.8% growth in net profit for the third quarter ended Sept 30, 2023 (3QFY2023), underpinned by better site construction activities, as well as cost savings upon delivery of vacant possession for two completed projects.

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