Some proposed amendments to the Stamp Act 1949, which seek to impose stricter requirements on the stamping of contracts, have caused a stir among property developers who worry that the amendments will push up their cost of doing business.
The developer is also planning another eco-themed township development on the recently acquired 1,675-acre tract in Seberang Perai, Penang, which has an estimated GDV of RM9.6 billion.
"We're really happy about that, it is a good start for us for 2017," said Aset Kayamas managing director Tan Sri Chai Kin Kong.
The group's income distribution came in at RM177.83 million or 9.85 sen per unit for the quarter, down 0.3% from RM177.28 million or 9.82 sen per share in 4QFY2015.
Located in Sun Street, London, prices of the one-bedroom apartment units start from £725,000 (RM3.98 million) and will be completed by the summer of 2020.
Richard R Magnus, chairman of manager CapitaLand Mall Trust Management Limited (CMTML), notes the trust’s “resilient” performance against a challenging backdrop.
Net profit plunged by a steep 80% to RM14.94 million from RM74.54 million in the same period a year ago due to absence of revaluation surpluses.
The 367-room hotel, which will be constructed by Golden Wave, is expected to be completed by 2021.
Interestingly, Johor’s residential transaction volume has not decreased as much as Kuala Lumpur’s and Selangor’s, noted TheEdgeProperty.com Malaysia product and business development director Alvin Ong during his presentation on the Johor housing market at TheEdgeProperty.com “lou sang” networking dinner with property industry players in Johor.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
