News by M

I-Bhd, whose first-quarter net profit jumped 50% year-on-year, expects to perform better for the financial year ending Dec 31, 2016 (FY16).

The highest relative price growth can be found at Tropika Paradise, with the average price up 32.5% or from RM101psf to reach RM 410 psf in the 12 months to 1Q2015.

TheEdgeProperty.com turned one this month, passing major milestones in its first year of operations.

Participants had a chance to win a total of 30 prizes, including the grand prize featuring an iconic yellow bicycle.

While the newer properties are becoming more upscale, most of the older projects in USJ are predominantly within the mid-end segment.

The bill to amend the Land Acquisition Act 1960, aimed at improving land acquisition procedures in the country, was debated by 22 Members of Parliament before it was passed, without any changes.

Deputy minister of Federal Territories Datuk Loga Bala Mohan said Kuala Lumpur City Hall (DBKL) will be spending a total of RM92 million to upgrade infrastructure in Kuala Lumpur (KL), to prevent further floods in the future.

The take-up rate for Matrix Concept’s ongoing projects remains encouraging. Suriaman phase 1 and 2’s take-up rates have increased from 58% to 73% quarter-on-quarter (q-o-q), while the recently launched Hijayu 3 saw an encouraging take-up rate above 51%.

Al-Salam REIT is currently assessing a mixed asset (commercial and retail) for acquisition, which could lift its total investment property value above the RM1 billion mark.

In FY15, Ho Hup’s net profit gained 8.15% to RM71.11 million, mainly due to the turnaround of its concrete mix division.