News by Justin Lim

All eyes on Budget 2019 as Pan Borneo project too faces delays

"Our goal is to reinvent space, enhance life and ultimately enable everyone to own a home. Driven by our goal, we continue to focus on building affordably priced homes as this is what the market is currently looking for," said Mah Sing group managing director Tan Sri Leong Hoy Kum.

The construction division posted a profit before tax of RM44.64 million in the January-June period, up 64% from RM27.19 million a year ago.

For the property development division, WCT said it will continue to intensify its marketing and sales initiatives, in the effort to improve sales of existing unsold properties.

It is confident of meeting its RM5 billion sales target for FY18.

The PDT and IDSS activities are only to be enabled at 8.30am on Thursday (Aug 23).

SunCon is actively seeking both external and in-house jobs and is confident of achieving its new targeted orders of RM1.5 billion by year end.

“The [PLD] segment recorded RM7.07 million revenue in 1HFY2018, compared with RM13.26 million in 1HFY2017. The decrease was mainly due to fewer units sold in 1HFY2018 especially from the Aliff Square 2 project in Johor Bahru.”

The group said the acquisition is in line with its strategy to focus on development in the northern region of Peninsular Malaysia and to continuously replenish and expand its existing landbank in strategic locations.

Axis REIT Managers Bhd said it has identified the assets for acquisition, and negotiations with the sellers are ongoing and expected to take at least six months.