News by M

The high speed rail is now the talk of the town as investors and the public are eager to find out how it would impact the Malaysian property scene and to find out where they can put their money.

Believing that connectivity is absolutely vital, BBCC Development Sdn Bhd said the developer will be investing RM30 million into creating the central transport hub located within the Bukit Bintang City Centre (BBCC) development, said its chief executive officer, Datuk Richard Ong.

PHOTO GALLERY: Symposium on Kuala Lumpur-Singapore High Speed Rail 2016

SDB attributed the lower quarterly revenue to completion of the group’s Windows On The Park project in Bandar Tun Hussein Onn here.

The softer performance was despite a 70% improvement in quarterly revenue to RM264.05 million from RM155.57 million in the previous year.

Damansara Realty Bhd, controlled by Johor-based Seaview Holdings Sdn Bhd with a 51% stake, said its group chief executive officer Mohd Fazlin Shah Mohd Salleh has resigned after just one year "to pursue his other personal interest".

Matrix Concepts said the strong performance was mainly the result of higher revenue from the sales of both residential and commercial properties.

MKH said the increase in the company's pre-tax profit and revenue was mainly due to the property and construction divisions – from current and fresh development projects.

MRCB plans to continue focusing on trimming net gearing and growing its property development and investment, and construction, engineering and environment segments.

The weaker earnings was due to the doubling of administrative, selling and marketing expenses, and higher finance costs, besides a loss of RM5.5 million from a discontinuing operation — compared to a RM99.3 million gain in 4QFY15.