News by M

In a note today, AmInvestment said IOI 1HFY2017 core net profit had beaten forecast on better-than-expected plantation earnings before interest and taxes (Ebit) margin.

In comparison, it reported a net foreign currency translation gain of RM227.3 million in the same period last year, its bourse filing yesterday showed.

Revenue also dropped 48.1% to RM44.71 million in 4QFY2016, from RM86.1 million in 4QFY2015, due to lower revenue from the building materials division.

EcoWorld will be focusing on 17 of its core developments projects that spans across three growth areas: Penang, Klang Valley and Iskandar Malaysia in Johor.

CapitaLand last Friday revealed it had acquired a portfolio of income-producing three office buildings and a mall, comprising two office buildings in Yokohama — Yokohama Blue Avenue and Sun Hamada; one office building in Tokyo — Kokugikan Front; and one shopping mall in Saitama — Seiyu & Sundrug.

Participating properties in this promotion are East Residence in ALYA Kuala Lumpur, The Veo in KL East, Castilla, Siphonia and Siphonia 2 in Chemara Hills, Saujana Impian’s The Brymwood and Villa Safira, as well as Planter’s Haven.

Last Sept 17 to 25, more than 400 London Design Festival (LDF) exhibitors took over the UK capital. Scores of designers presented their latest collections and wowed visitors with their amazing artistry and creativity.

To hop on the digital disruption bandwagon, there are many possible ways that the real estate industry could work with relevant tech start-ups.

To be developed by Fiamma’s subsidiary Active Edge Sdn Bhd, the project will sit on a 3.3-acre leasehold parcel where the 43-storey building will house 432 serviced apartment units.

IT is only the second month into 2017, but Perbadanan PR1MA has already announced policy changes and introduced a special financing scheme for its 1Malaysia People’s Housing (PR1MA) programme in order to “enable more people to own a house under the programme,” it had said.