Tropicana attracts another Chinese land investor
Finalising deal to sell tract in Johor to China’s Tiarn Group.
UEMS’ CNI lower due to slower-than-expected work progress
Sales of RM229 million are also lower than expected as they make up only 15% of the management’s annual sales target of RM1.5 billion.
IOI Properties to exceed RM1.7 bil sales target for the year
Property development increased by 72% y-o-y, mainly contributed by the Triling project in Singapore and IOI Palm City in Xiamen.
Sunway’s first-quarter core earnings slightly below estimates
Major launches in FY16 include Sunway Gandaria (gross development value: RM200 million), Sunway Geo Residences 3 (RM400 million), Casa Kiara 3 (RM200 million), Velocity (RM200 million), Sunway Iskandar (RM400 million) and others.
Gabungan AQRS leverages tie-ups with Suria Capital, Tanah Makmur
Gabungan AQRS Bhd’s partnership with state-linked companies, including Sabah’s Suria Capital Holdings Bhd and Tanah Makmur Bhd — whose major shareholders include Pahang’s crown prince Tengku Abdullah Sultan Ahmad Shah — puts it in a good position to bag future jobs.
PROPERTY SNAPSHOT 2: What’s affordable in Bukit Jalil?
Non-landed residential property indices in Bukit Jalil appear affordable. Based on TheEdgeProperty.com’s analysis of transactions, the average transacted price of non-landed homes was RM464 per square foot in1Q2015 while the average transacted price per unit was about RM555,000.
TRX City invites contractors for pre-qualification exercise
Tun Razak Exchange master developer TRX City Sdn Bhd (TRX City) is inviting contractors to participate in a pre-qualification exercise for a proposed traffic dispersion and improvement to part of Jalan Tun Razak (JTR), and the construction of the TRX ingress and egress.
St Regis Langkawi seen as a boost
Opening up luxury hotels such as The St Regis Langkawi is a strategy to boost the reputation of the island resort particularly among upmarket tourists, said Prime Minister Datuk Seri Najib Razak yesterday.
Higher admin costs, forex losses hit E&O’s FY16 earnings
Excluding the asset disposal gain, financial year ended 2016 (FY16) net profit fell 18% year-on-year (y-o-y) due to higher administration costs, a lower revenue and weaker property margin.
