The group nearly quadrupled its net profit to RM70.31 million in FY17 from RM17.69 million in FY16, mainly due to higher property sales.

The proposal has been weighed down by a challenging rental market.

Fajarbaru Properties Sdn Bhd’s new serviced apartment project in Sentul, Kuala Lumpur has already seen a 70% take-up since it opened for sale in December last year.

Kuala Lumpur and Singapore prime office rents rose in 2Q2017 following several quarters of decline, according to JLL Research’s “Southeast Asia Outlook 1H17” report.

Online property auction platform e-Lelong for court auctions of immoveable properties has taken off with an initial pilot project to smoothen out the kinks in the system before going nationwide.

Deloitte Malaysia clarified that it is not under investigation with respect to the Felda Investment Corp's (FIC) London hotel probe or any other matters.

PNB Development is offering townhouses in Kota Seriemas known as Cempaka Seri Townhouse with prices ranging from RM222,888 to RM493,888.

S P Setia will be having a preview of the first single-storey bungalows at its Setia EcoHill township development in Semenyih this weekend.

Sime Darby Bhd has announced Tan Sri Abdul Wahid Omar as Sime Darby Property Bhd chairman.

The RuMa Hotel will be operated by international luxury hotel operator Urban Resort Concepts.