Latest

City & Country: Knight Frank to focus on four key areas

ALISTAIR ELLIOTT has come a long way since he joined the graduate scheme of global property consultant Knight Frank in 1983. Elliott, 50, took over the helm as new senior partner and group chairman in April from Nick Thomlinson, who has retired.

PJD: No merger plan now, but does not discount it

KUALA LUMPUR: PJ Development Holdings Bhd does not have any plans to merge with OSK Property Bhd at this juncture. Both have a common substantial shareholder Tan Sri Ong Leong Huat, but this does not discount a consolidation  in the future.

YTL Corp 1Q profit rises 9% y-o-y to RM427.6m

KUALA LUMPUR: YTL Corp Bhd’s net profit for the first quarter (1Q) ended Sept 30 rose 9% year-on-year (y-o-y) to RM427.6 million. Revenue grew 2.7% to RM5.21 billion from RM5.07 billion in the previous corresponding period.

YTL Corp has declared an interim dividend of 15%, or 1.5 sen per share, to be paid on Jan 17.

Lower turnout at Mapex Johor

PETALING JAYA: The first post-budget Malaysian Property Expo (Mapex), organised by the Real Estate and Housing Developers’ Association of Malaysia (Rehda) in Johor from Nov 8 to 10 registered a lower turnout.

DUO condominium sees 87% take-up rate

SINGAPORE: The 49-storey residential tower in the DUO integrated development of Singapore’s M+S Pte Ltd saw a take-up rate of 87% during its five-day preview which ended on Sunday.A total of 574 units of the 660-unit development were sold at an average of S$2,000 (RM5,140) per sq ft (psf).

RM190m Freeport A’Famosa Outlet Village to be built in Melaka

MELAKA: Freeport Retail Ltd and A’Famosa Group unveiled yesterday a RM190 million Freeport A’Famosa Outlet Village, in which its first phase will open in April 2015. The project is a joint venture between Freeport Retail Ltd, a leading developer and operator of outlet centres in Europe, and Langkah Realti Sdn Bhd, a wholly-owned subsidiary of A’Famosa Group.