News by Izzul Ikram

The number of completed residential properties that remained unsold for nine months continued to decline in 2023, extending the improvement seen a year before.

Malaysia’s property transaction value hit RM196.83 billion in 2023 — the highest ever recorded by the National Property Information Centre (Napic).

The proposed development are of a 1,000-acre Johor-Shenzhen Industrial Park in Ulu Sedili, together with a 50-acre Johor-Shenzhen Innovation Development Hub in Johor Bahru.

The plan comprises the RM3.5 billion waterfront township Tebrau Bay, RM500 million mixed waterfront development Danga Rivera, and RM330 million mixed-use development project Danga Heights.  

Tropicana Corp Bhd managed to halve its net loss for its fourth quarter on a year-on-year basis, as it recorded lower expenses, and higher revenue and other income.

OSK Holdings Bhd’s net profit for its fourth quarter of financial year 2023 fell 19.29% to RM97.8 million from RM121.17 million a year earlier, despite higher revenue, as its bottom line was crimped by higher tax expenses and cost of sales, and lower share of profits from its associates and a joint venture (JV).

Chung said the tax consultant industry had not been properly consulted nor forewarned about the change that came into effect on Monday.

The service tax would be imposed on M&R services starting from Monday (Feb 26).

Revenue for the quarter ended Dec 31, 2023 rose 7.86% year-on-year to RM332.65 million from RM308.4 million. 

Landmarks Bhd said a buyer has been found for its wholly-owned unit Andaman Resorts Sdn Bhd's (ARSB) luxury resort, The Andaman, in Langkawi.