Meanwhile, the group expects to launch properties with total gross development value of RM1.86 billion this year, including its Akasa Cheras development launched earlier this year, affordable Rumah Selangorku homes in Puchong, and projects in Sabah.

Mah Sing Group Bhd is expanding its landbank as the property developer plans some RM1.9 billion worth of launches in 2017. Affordable housing in Malaysia is a crucial focus for Mah Sing this year.

LBS Bina Group Bhd has said it is still positive on its joint venture with China's local investment arm Zhuhai Jiuzhou Group Holdings Ltd.

MKH Bhd has reported lower net profit and revenue for its second quarter ended March 31, 2017.

Fajarbaru Builder Group’s net profit in the third quarter ended March 31, 2017 (3QFY17) grew close to eight times to RM22.2 million, from RM2.86 million a year earlier, on revenue generated by its property development segment.

Property developer Malton Bhd’s net profit for the third quarter ended March 31, 2017 (3QFY17) dropped 39.7% to RM3.9 million or 0.87 sen per share from RM6.5 million or 1.45 sen per share a year ago due to reduced profit from its property development segment.

Mulpha Internatinational Bhd’s first quarter net loss narrowed to RM1.15 million, from RM3.82 million a year earlier, thanks to higher contribution from its property and investment divisions.

Mudajaya Group Bhd started its financial year 2017 with a net loss of RM26.75 million in the first quarter ended March 31 (1QFY17), no thanks to having to account for its associates' losses, while revenue fell.

LBS Bina Group Bhd’s net profit soared 47% to RM24.77 million in the first quarter ended March 31, 2017 (1QFY17) from RM16.86 million in the previous corresponding quarter.

It draws attention to the RM27m net loss incurred in FY16.