Little-known Johor Bahru-based property developer BCB Bhd, which has seen its earnings balloon near six times in the last four years, is scaling down its launches to bite-sized portions as headwinds continue to buffet the local property market.
Under the deal, the government body, which has been tasked to build affordable housing, will buy the 1,140 units of the company's PR1MA homes.
AmanahRaya Real Estate Investment Trust (REIT) is acquiring a land together with a four-storey office building in Cyberjaya for RM40 million.
Hap Seng said the proposed buy will strengthen its presence in Peninsular Malaysia and provide it the opportunity to expand its land bank to sustain its core business as a property developer, besides enhancing its future earnings.
In a filing with Bursa Malaysia, the integrated tin mining and smelting group said its subsidiary M Smelt (C) Sdn Bhd is acquiring the properties from Metal Reclamation (Industries) Sdn Bhd.
Stamp duty surcharge not curbing foreign buying, say analysts.
Crest Builder said the contract is for Sime Darby Melawati’s mixed-use development in Setapak here.
Last Friday, E&O announced Tham has become the single largest shareholder in the group with the acquisition of additional 10% stake from Sime Darby Bhd for RM327.54 million.
The property developer said it had signed a conditional subscription agreement with Advance Opportunities Fund I and Advance Capital Partners Asset Management Pte Ltd for the proposed issuance.
Gabungan AQRS Bhd, which slipped to a net loss of RM9.89 million in the last financial year ended Dec 31, 2015 (FY15), expects to return to profit this year on the back of a solid construction orderbook of RM700 million and new contract wins in the near term.
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