News by Justin Lim

The project, with a gross development value of RM311 million, will comprise four blocks featuring 1,098 small office/home office (SOHO) residential units, along with 40 units of shops, four units of department stores, and two business spaces.

The debt servicing capacity as measured by interest coverage ratio stood at 3.7 times in 1H20.

SME Association of Malaysia vice-president Chin Chee Seong: Our unemployment rate, which is now close to 5%, is quite alarming to us. I do hope we all can get through this critical time.   

In a filing with Bursa Malaysia, Kerjaya Prospek Property said the land will complement its existing Bloomsvale mixed development in Old Klang Road.

According to a filing with Bursa Malaysia, Inta Bina's wholly-owned subsidiary Inta Bina Sdn Bhd accepted the letters of award today. The main building works consist of the design and build for property developments in Kuala Langat and Shah Alam by Eco Sanctuary Sdn Bhd and Eco Ardence Sdn Bhd, respectively.

Eco World Development Group Bhd (EcoWorld), which posted a net profit of RM13.8 million in the third financial quarter ended July 31, 2020 (3QFY20), has secured total sales of RM1.25 billion in the four months after Movement Control Order (MCO).

Eco World International Bhd reported a net profit of RM37.63 million in the third quarter ended July 31, 2020 (3QFY20) amid sharply higher revenue of RM615.44 million compared with RM224,000 a year ago.

In its latest corporate presentation in September 2020, Genting Malaysia said it will focus on business efficiency to align its cost structure with the new operating environment.

The contract entails the construction of a 22-storey serviced apartment block containing 812 units, along with an eight-storey building that comprises a car park podium and facilities. It will also build a guardhouse and refuse chamber.

IOI Properties said the property development segment recorded revenue and operating profit of RM544.6 million and RM314.9 million, up 53% and 193% respectively compared with 4QFY19.