The research house maintained its “buy” call on Sime Darby Property and raised its target price by 29.63% to RM1.05, based on a 50% discount to the estimated revised net asset value of RM2.10. 

Rapid Synergy said the land in question is a freehold piece of land that was amalgamated from three parcels in Sri Hartamas here.

Bursa Securities previously freezed the lower limit for both Rapid Synergy and YNH Property last Wednesday.  

The significant earnings contraction was primarily due to impairments including investment loss of RM9.57 million, RM2.88 million for stock, RM3.1 million for retrenchment benefits, among others. 

The operating expenses increased due to higher electricity costs and routine lift maintenance that occurs every few years. 

Talisa, the second phase of Bangsar Hill Park (BHP) development, was launched during the weekend (Jan 20), along with the unveiling of BHP’s new property gallery in KL Gateway Mall in KL.

Avaland Bhd (formerly MCT Bhd) launched the second phase of its Casa Embun project at its 417-acre Cybersouth township development in Dengkil, Selangor, on Jan 13.

YNH Property Bhd and Sarawak Consolidated Industrial Berhad (SCIB) have emerged among the top active stocks on Bursa on Monday, posting record levels of trading activity.

The Urban Renewal Implementation Guidelines (GPP PSB), launched by the Housing and Local Government Ministry (KPKT) in September last year is seen as a precursor to the Urban Renewal Act, which is expected to be tabled  this year. 

Matrix Concepts Holdings Bhd officially launched its second Klang Valley development named Levia Residence in Pandan Perdana, Cheras on Monday, in conjunction with the opening ceremony of the Levia Residence Sales Gallery in Taman Shamelin Perkasa, Cheras.