News by TheEdgeMarkets.com

Sunway Construction Group Bhd's (SunCon) net profit for the second quarter ended June 30, 2022 (2QFY22) jumped threefold to RM32.3 million from RM8.32 million a year earlier, due to a low base and higher revenue from all segments.

Bangi Resort & Development Corp Sdn Bhd is looking to dispose of a 22-acre commercial land in Bandar Baru Bangi at an asking price of RM300 per square feet (psf).

Kerjaya Prospek Property Bhd net profit grew 41% to RM21.72 million for the first quarter ended June 30, 2022 (1QFY23) from RM15.42 million a year ago as both property development and hospitality businesses performed better after the reopening of the economy.

Global hospitality company Hilton has announced six landmark signings in Asia-Pacific (Apac) across its portfolio of luxury brands, namely Waldorf Astoria Xi'an, Waldorf Astoria Shanghai Qiantan, Waldorf Astoria Kuala Lumpur, Waldorf Astoria Sydney, Conrad Nagoya and an LXR Hotels & Resorts property in Bali, according to a press statement.

UOA Development Bhd’s net profit slipped 16.6% to RM45.3 million in the second quarter ended June 30, 2022 (2QFY22), from RM54.4 million a year earlier.

Matrix Concepts Holdings Bhd's net profit for the first quarter ended June 30, 2022 (1QFY23) jumped 48.44% to RM47.03 million from RM31.69 million a year ago, on the back of a 40.3% growth in revenue to RM229.3 million from RM163.4 million.

MCT Bhd has entered into an agreement to acquire 4.02 acres of leasehold commercial land in Bangi, Selangor for a total purchase consideration of RM31.5 million.

Lagenda Properties Bhd’s net profit rose 17.38% to RM50.38 million for the second quarter ended June 30, 2022 (2QFY22), from RM42.92 million a year earlier, due to an increase in its confirmed sales as a result of effective marketing strategies.

Johor Land Bhd (JLand) on Monday (Aug 22) unveiled a new logo and brand proposition of "Enhancing Wellbeing, Enriching Community" to signify its next phase of expansion plans in the property industry.

Knight Frank Malaysia reported that the country's office sector will continue to improve this year due to the uptick in economic activities and improved business sentiments, following the country’s transition to the endemic phase.