Many foreign ultra high net worth individuals are looking at Malaysia’s residential properties on prime locations, drawn by the weak ringgit.

Aleksandra Flasz from Poland emerged as the winner of The Apartment: Rising Stars Edition.

Property developer Magna Prima Bhd is open to all kinds of possibilities in terms of monetising its 1.06ha land along Jalan Ampang in Kuala Lumpur, where the Lai Meng primary school was formerly situated.

Loss-making hospitality and property company Landmarks Bhd hopes to turn profitable by its financial year ending Dec 31, 2018 (FY18), according to its chief executive officer Mark Wee Liang Yee.

Jaks Resources Bhd net profit for the first quarter ended March 31, 2017 surged 600% to RM7.5 million from RM1.07 million a year earlier, driven mainly by its construction division, especially its Vietnam EPC construction work.

Anzo Holdings Bhd said it is partnering with a subsidiary of a Chinese firm to take part in the construction of Paragon@KL Northgate, a mixed development project carrying a gross development value of RM3.6 billion. 

Oriental Interest Bhd is buying 222.29 acres of land, spread across Ijok, Selangor and up north in Kedah and Penang, for RM129.2 million from four companies related to its directors.

Stripping out the additional buyer stamp duty and the fair value gain on investment properties of RM7.4 million, the group's operating profit was RM125 million or 58% higher than 3QFY16.

IGB Corp Bhd, which saw a big jump in first-quarter (1Q) net profit, hopes to achieve full-year earnings that are on a par with the previous year by leveraging on its diversified portfolio of property assets.

Property developer Eastern & Oriental Bhd (E&O) returned to the black in the fourth quarter ended March 31, 2017 (4QFY17), posting a net profit of RM49.44 million or 3.93 sen per share, compared with a net loss of RM14.4 million or 1.15 sen loss per share a year ago, driven by its property segment.