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Magna Prima to launch The View Residence by end-2016

Property developer Magna Prima Bhd said it will be launching the RM220.81 million gross development value (GDV) The View Residence, which will be constructed on its recently acquired Shah Alam land, sometime in the fourth quarter of 2016 (4Q16).

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Axis REIT sitting on ‘gold mine’

Axis Real Estate Investment Trust (REIT) chief executive officer Leong Kit May knew that the trust has a “gold mine” waiting to be excavated in its 50-acre (20.23ha) property in Klang. So much so that the first development on this land can generate a net yield of nearly 10% over 10 years.

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UOA Development's 3Q net profit falls 30.3% to RM110.4m

UOA Development Bhd's net profit fell 30.34% to RM110.44 million or 6.85 sen a share in its third quarter ended Sept 30, 2016 (3QFY16), from RM158.54 million or 10.52 sen a share a year ago, mainly on marketing expenses, as well as administrative and operating expenses.

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