News by EdgeProp

For the full year, the group’s profit fell to RM17.3 million in 4QFY15 from RM29.7 million in the same period last year while revenue halved to RM66.5 million from RM146.6 million

Sri Rakyat recorded the highest growth of average price per square foot (psf), up 30.7% y-y to RM175 psf in the 12 months to 3Q2014

The group announced to Bursa Malaysia yesterday that its unit Pertanian Taman Equine Sdn Bhd has signed a conditional sale and purchase agreement with Kemaris Residences Sdn Bhd for the proposed disposal

Based on transactions analysed by theedgeproperty.com, the average price psf of condominiums and apartments in the area was RM444 psf in 3Q2014, up 19.3% y-o-y.

The group attributed the drop mainly to the decrease in revenue recognition form the sales of industrial properties, which generally demanded a higher profit margin

Bukit Jalil is quite diverse in character

Ekovest Bhd, which is currently operating the 18km DUKE and is now completing the 16km DUKE Phase 2, is in talks with 1Malaysia Development Bhd for the realignment of the highway

WCT Malls Management Sdn Bhd, the mall’s manager, however, seems unperturbed by the drop in about 8% of its nett leasable area in a retail market that is being choked by low sales as consumers remain low-spirited

One of the biggest upcoming projects is the 50-acre Bukit Jalil City integrated development, a joint venture between Ho Hup Construction Co Bhd and Malton Bhd

The condo’s facilities include a gymnasium, swimming pools, jogging path, courts for tennis, squash and badminton, a playground, barbecue area, and a covered car park