Kimlun bags RM134m contract from Sunway unit to build houses in JB
Kimlun Corp Bhd has secured a construction project in Johor Bahru, worth RM133.6 million, from Sunway Parkview Sdn Bhd, the 60%-owned subsidiary of Sunway Bhd.
GDB clinches RM306m hospital project in Bukit Jalil
Construction services firm GDB Holdings Bhd has clinched a RM306 million project to develop a private hospital at Bukit Jalil, Kuala Lumpur.
Sunway REIT 4Q net property income falls 7%, declares 4.68 sen DPU
Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) decreased by 7.2% to RM135.7 million for the fourth quarter ended Dec 31, 2023 (4QFY2023) from RM146.2 million in the previous year’s corresponding quarter.
IGB REIT, IGB Commercial REIT net property income up in 4Q on higher rental income, increased occupancy
Higher rental income lifted IGB Real Estate Investment Trust’s (IGB REIT) net property income (NPI) by 9.08% to RM115.24 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM105.64 million recorded in the same period a year earlier.
Eupe Corp buys two more Sungai Petani plots for investment
Property developer Eupe Corp Bhd is purchasing two additional parcels of freehold land in Sungai Petani, located in the Kuala Muda district of Kedah, for RM40.68 million, which will increase the land area around its proposed township, for investment.
Advancecon secures RM21m subcontract from CCC-ECRL
Advancecon Holdings Bhd has secured RM21.19 million in subcontract work from China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL).
Nestcon clinches RM108 mil construction job from Exsim Avenue
Nestcon Bhd has clinched RM108 million worth of construction works from property developer Exsim Avenue Sdn Bhd for a mixed commercial development project.
HLIB: Property sector tailwinds to diminish in 2024, top picks Sunway, OSK, Sime Darby Property and IOI Properties
Hong Leong Investment Bank (HLIB) Bhd has maintained its "neutral" stance on the property sector on the expectation of a normalised pace of billings and moderate growth in new property launches and sales throughout the year of 2024.
Kerjaya Prospek climbs to fresh record of RM1.63 after bagging Andaman Island project
Shares in Kerjaya Prospek Group Bhd rose to a fresh record high of RM1.63 in early trade on Thursday as analysts viewed the group will continue to benefit from strong growth in Andaman Island.
HLIB sees minimal impact on REITs amid high-value goods tax implementation
The real estate investment trust (REIT) sector would be minimally affected by the high-value goods tax, as tenants' profit sharing is less than 10% of the mall’s total revenue, while the potential impact on luxury goods buyers is likely to be limited due to their comparatively lower price sensitivity given their large purchasing power, according to Hong Leong Investment Bank (HLIB).
