News by Sangeetha Amarthalingam

Sime Darby Property Sdn Bhd, wholly-owned by Sime Darby, expects to unlock the value of the Semenyih land to fund strategic property development projects, it said.

It was estimated that Saizen REIT's market capitalisation will be at least S$300 million following the completion of the asset injection exercises.

Following Cheah’s resignation, the board of directors will comprise seven directors of which the ratio of independent directors to non-independent directors is 3:4.

Selangor Properties showed an expansion of loss before tax in its property development segment and lower profit before tax in investment holding.

Matrix Concepts Holdings Bhd's wholly-owned unit Matrix Concepts Sdn Bhd (MCSB) is selling four double-storey properties in Negeri Sembilan in a related party transfer for RM10.4 million.

The Penang government has consented to the removal of BUCG (M) Sdn Bhd from Consortium Zenith BUCG.

Residential condominium project in Hulu Kinta, Perak.

Ivory said the property market remains sluggish with challenging economic environment globally and domestically.

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.