The safeguard duty has resulted in a significant increase in raw material costs.

Hua Yang’s wholly-owned subsidiary Prisma Pelangi Sdn Bhd has inked a conditional share sale agreement with Fantastic Realty Sdn Bhd and five other individuals for the proposed acquisition, according to Hua Yang’s Bursa Malaysia filing yesterday.

GuocoLand (Malaysia) Bhd saw a 38% decline in net profit for its third financial quarter ended March 31, 2017 (3QFY17) to RM8.34 million from RM13.35 million a year ago, which it attributed to a high base effect after it sold a piece of land on Jalan Kia Peng last year.

Property developer S P Setia Bhd has launched a differential sum loan scheme that offers interest rates from 5.5% per annum and up to 30% of the intended property purchase price.

Analysts are holding their earnings forecast for S P Setia Bhd after it won the tender for a plot of prime land in Singapore, amid concern over the group’s valuation due to the high cost of the land.

In a filing with Bursa Malaysia today, IWCity said IWH has agreed to extend the original due date for its board to revert with its decision on whether the board is agreeable to put forward the proposed merger to the scheme shareholders for one more month from April 19 to May 5.

The number of properties launched in the second half of 2016 (2H2016) almost doubled from 1H2016. Sales in the second half also improved by more than 100% from 1H2016, according to a survey among members of the Real Estate and Housing Developers’ Association Malaysia (Rehda).

Speaking during a media briefing on Rehda’s Property Industry Survey 2H2016 and Market Outlook 1H2017, president Datuk Seri FD Iskandar Mohamed Mansor said measures taken by the government to reduce household debt have seen some results as the latest rate was down from 89.3% to 87.6%.

“Wanting to own a home in Kuala Lumpur city centre for less than RM500,000, that is not very realistic. That’s why we also urge the media, the National House Buyers Association (HBA) and the government to help educate our buyers,” said Rehda president Datuk Seri FD Iskandar Mohamed Mansor in a media briefing on Rehda’s Property Industry Survey 2H2016 this morning.

EcoWorld president and chief executive officer Datuk Chang Khim Wah said the developer is excited to be working on this new collaboration with Brainy Bunch.