KUALA LUMPUR: Residential property prices in the country will continue to rise 10 to 15 per cent this year, according to real estate services firm C H Williams Talhar and Wong Sdn Bhd. Managing Director Foo Gee Jen said sales for new housing developments will sustain this year driven by high demand for residential properties in the country.
KUALA LUMPUR: Tambun Indah Land Bhd's pre-tax profit increased 32.1 per cent to RM23.98 million for the first quarter ended March 31, 2013, from RM18.15 million in the same period last year.
Revenue rose 18.7 per cent to RM78.32 million from RM65.99 million
previously.
KUALA LUMPUR: Property price increases in Malaysia in recent years have placed the credit quality of home loans in the spotlight, said Standard & Poor’s Ratings Ser-vices (S&P).
KUALA LUMPUR: Cash-rich Malaysians generally prefer to hold cash or to invest in properties or secured assets, according to a Manu-life Holdings Bhd survey.
KUALA LUMPUR: Kimlun Corp Bhd’s wholly owned subsidiary Kimlun Sdn Bhd has secured a contract from Keck Seng Bhd worth RM64.3 million for the construction of 268 houses in Daerah Kulaijaya, Johor.
In a filing with Bursa Malaysia yesterday, Kimlun said the construction work is expected to be completed by July 2014.
KUALA LUMPUR: Minority shareholders of loss-making property Tradewinds Corp Bhd (TCB) voted in favour of the privatisation of the company by selective capital reduction (SCR) and repayment at its EGM yesterday.
KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has said the US$2.3 billion (RM7.04 billion), the proceeds and profit originating from the government investment arm’s initial 1MDB-PetroSaudi International joint venture, is “safe”.
KUALA LUMPUR: The long speculated entry of the Kuok Group into Iskandar Malaysia finally materialised yesterday with the group buying two parcels of land in Puteri Harbour, Bandar Nusajaya, for RM182 million.The two parcels of freehold land, measuring 12.5 acres (5.05ha) will be developed, in a joint venture with Khazanah Nasional Bhd, into a mix of high-rise residential and retail/commercial u
HONG KONG: Developers have begun to cut asking prices at their new residential projects because of weakening market sentiment and a law on sales practices that will take effect in late April.
HONG KONG: Hong Kong home prices will fall by as much as a quarter as a result of the government's stepped-up measures to cool the housing market and rises in bank mortgage rates, equity research firm Sanford C. Bernstein Hong Kong forecast.
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