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 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.

The new Gurney Wharf seafront unveiled by the Penang government has the potential to cause a devastating environmental impact elsewhere, according to the Consumers’ Association of Penang (CAP) and Sahabat Alam Malaysia (SAM).

UOA Development Bhd saw its net profit rise 25.6% to RM111.07 million in its fourth quarter ended Dec 31, 2015 (4QFY15) from RM88.4 million, on higher revenue from the progressive recognition of its ongoing development projects.

Paramount Corp Bhd is doubling its property launches this year to RM770 million, from RM313 million in 2015, and aiming to have RM480 million new sales for the financial year ending Dec 31, 2016 (FY16).

Residents of Taman Desa Cemerlang in Ulu Tiram, near Johor Bahru, are worried that an eroded patch of road is endangering pedestrians and motorists.

The parties agreed to enter into definitive agreement for the sale and purchase of Aspen Vision All, with the purchase consideration still subject to the revalued net asset value of Aspen Vision All.

“The bulk of the planned launches will be in the central region (43%), followed by the northern region (39%).”

Selangor Dredging Bhd (SDB) will be focusing on the sales of its property projects that are currently under construction as it seeks to maintain the strength of its strong balance sheet this year, the group said in a press statement today.

The upcoming Gurney Wharf project along Persiaran Gurney, which involves land reclamation, will have mitigation measures in place to arrest the impact of a potential tsunami.