KUALA LUMPUR: MK Land Holdings Bhd’s pre-tax profit for the third quarter (3Q) ended March 31 increased to RM19.53 million from RM12.35 million in the same period last year.

\Revenue rose to RM135.2 million from RM87.5 million last year, it said in a filing with Bursa Malaysia yesterday.

KUALA LUMPUR: A private preview of Meridin Suites Residences in Johor Baru on May 11 attracted some 1,500 visitors and within five hours, 75% of 595 available units were pre-selected by potential buyers.A total of 446 units with a total value of RM261 million were pre-selected in those few hours, according to developer Mah Sing Group Bhd in a statement.

CYBERJAYA: Crystalville Sdn Bhd will launch the second phase of its Vita development in Cyberjaya, dubbed Plaza Crystalville@Vita, in the first week of June.Located on 6.2 acres (2.5ha) of freehold land, the six-block Plaza Crystalville@Vita comprises 58 shop offices, of which 44 are two- and three-storey shop offices

S P Setia Bhd
(May 20, RM3.75)
Downgrade to neutral at RM3.75 with a target price of RM3.99:
S P Setia’s position as Malaysia’s top developer is under threat with the likely departure of its CEO Tan Sri Liew Kee Sin. Although there is a succession plan in place, Liew is, in our view, irreplaceable and we could see more erosion of the company’s valuation premium.

KUALA LUMPUR: The first phase of the Battersea project, launched in January this year, has received an overwhelming response from overseas and Malaysian buyers with 824 units worth £681 million (RM3.13 billion) sold.

KUALA LUMPUR: The long abandoned multi-billion ringgit mixed development project, Plaza Rakyat in Pudu, is once again up for sale. The 6.2ha project is one of the scars left by the Asian financial crisis in 1997.

KUALA LUMPUR: CPI Development Sdn Bhd’s maiden project called Avantas coming up on a one-acre (0.4ha) freehold tract along Old Klang Road has seen 75% of its 198 serviced apartments sold since its soft launch just after the Chinese New Year festivities in February.The serviced apartments have built-ups from 692 to 1,249 sq ft and come with air conditioner units, water heaters and one or two par

KUALA LUMPUR: Over RM90 million worth of properties were sold at the 2013 Property Investment and Home Expo (PIHex) held in Kota Kinabalu last weekend, more than double its sales last year.Organised by Maxx Media Sdn Bhd, the expo held from May 10 to 12 drew more than 10,000 visitors and featured over 100 booths by some 50 developers from Sabah, an exhibition gallery and property investment tal