News by M

Property developer UEM Sunrise Bhd (KL:UEMS) said on Thursday that it is taking a measured approach in utilising its land bank in the Johor region, prioritising sustainable development and product delivery over rapid monetisation.

IJM Corp Bhd (KL:IJM) reported a 12.9% year-on-year increase in net profit for the third quarter ended Dec 31, 2024 (3QFY2025), driven by higher construction activities and a land sale in Penang.

KSL Holdings Bhd (KL:KSL) achieved record-high annual profit for the second consecutive year, following a 16% growth in fourth-quarter earnings.

The NCT Smart Industrial Park (NSIP), by NCT Land Sdn Bhd, a subsidiary of NCT Group of Companies, has received a five-diamond recognition at the Low Carbon City Awards 2024 held at Sofitel Kuala Lumpur Damansara in Kuala Lumpur on Wednesday (Feb 26).

OSK Holdings Bhd (KL:OSK) has proposed a bonus issue exercise involving one bonus share for every two existing shares held.

Matrix Concepts Holdings Bhd (KL:MATRIX) said on Thursday its net profit was down 24% in the third fiscal quarter from a year earlier on lower revenue and higher indirect expenses.

UEM Sunrise Bhd (KL:UEMS) said on Thursday it will jointly develop some of its land in Iskandar Puteri, Johor, with Singapore-listed GuocoLand Ltd.

Glomac Bhd (KL:GLOMAC), via its wholly owned subsidiary Kelana Kuality Sdn Bhd, has handed over vacant possession of Seri Kenanga, a Rumah Selangorku affordable housing project at Saujana Perdana in Bandar Saujana Utama, Selangor.

The International Construction Week (ICW) and the Malaysia International Building and Construction Industry Exhibition (BuildXpo) 2025 will take place from Oct 28 to 30 at the Malaysia International Trade and Exhibition Centre, Kuala Lumpur.

The Urban Renewal Act (URA) is set to be presented in Parliament next month. Among its contentious proposals is an 80% consent threshold for properties of 30 years old and a 75% threshold for properties over 30 years old. This means that a property could be compulsorily redeveloped even if 20% or 25% of owners oppose it.