Mah Sing targets RM2.3 billion sales this year
It aims to achieve this by focusing on the starter homes segment.
Latest
West End Homes sold higher than £2,250 psf
About 33% of London’s West End homes were sold for above £2,250 psf in the final quarter last year (4Q2015), compared with 10% of the market a year ago, said international property services firm CB Richard Ellis (CBRE) senior director Jamie Gunning in the firm’s report on the area’s residential market.
Cornerstone to launch London student accommodation
Spokesperson of CSI Properties (Cornerstone International) Virata Thaivasigamony believes that purpose-built student accommodation is an ideal investment type as it has proven to be recession-proof and is the strongest performing asset class in the UK.
Real estate fraternity set to converge at Marec’16
MIEA said this year’s convention will comprise relevant topics and leading industry speakers to equip participants with knowledge, business tools, and the mindset to face challenges.
Second tower of The Tamarind 80% sold
The Tamarind comprises two towers, which sit on a seven-acre plot of freehold land -- with 552 units that have built-ups from 1,042 sq ft and priced from RM660 per sq ft.
TitiJaya Land Bhd to unveil final block of H2O Residences early March
Launched in early 2015, H2O has a total GDV of RM794.1 million. It consists of four residential blocks that house 1,375 serviced apartments.
Paramount sets higher sales target for 2016 despite slowdown
The property developer has set a higher sales target of RM480 million for 2016, after surpassing last year’s RM400 million sales target to hit RM432 million, said its group chief executive officer Jeffrey Chew Sun Teong.
DONE DEAL: Office unit in The Vertical, Bangsar South, KL
Rented for: RM4,695 per month or RM5 psf (including 6% GST); Concluded by: Jaimie Lee of Property Hub Sdn Bhd (012-281 9182); When: December 2015
SP Setia achieves RM918.3m net profit in 14-month period, plans 19 sen dividend
SP Setia Bhd achieved a net profit of RM208.28 million or 7.92 sen a share for the two months ended Dec 31, 2015 on revenue of RM1.14 billion, mainly contributed by the completion and handovers of various projects.
Selangor Properties to see flat earnings growth in FY16
Selangor Properties Bhd (Selangor Prop) expects the group's earnings growth to remain flat in its current financial year ending Oct 31, 2016 (FY16), as the group, which has not launched new products for some years — though it has a luxury condominium planned this year — continues to rely on its property investment as its major income stream for now.
