According to the property developer's filings with Bursa Malaysia on Thursday (Feb 24), revenue however dropped to RM136.45 million in the fourth quarter ended Dec 31, 2021 (4QFY21) from RM194.11 million

The group saw its net profit jump three-fold to RM793.42 million for the cumulative nine months ended Dec 31, 2021 (9MFY22) from RM247.76 million a year ago, even though revenue came in lower by 4.7% to RM3.18 billion from RM3.33 billion in 9MFY21 due to lower construction activities as a result of the Covid-19 lockdown.

“(For the full year) Sime Darby Property recorded an impressive RM3 billion sales achievement for FY21. This exceeded the group’s FY21 sales target of RM2.4 billion and is a significant 50% year-on-year increase from the previous year,” the company said.

LoanReport also provides the indicative market price of a property together with a credit report from CCRIS and CTOS. This gives a realistic overview of the user’s eligibility in getting a loan.

The partnership entails the development of design, construction and operation of recreational parks - to be called ESCAPE Kids, with the aim of elevating leisure areas with exciting and family-friendly attractions. 

Quarterly revenue declined 26.1% to RM233.09 million from RM315.41 million mainly due to lower recognition from the group’s industrial and commercial product

The 42-acre freehold Rimbun Aman comprises 304 units of single-storey link homes with built-up ranging from 971 sq ft to 1,135 sq ft. It is priced from RM350,000 and has a gross development value of RM125 million.

In a virtual briefing of E&O'S latest results, managing director Kok Tuck Cheong said that the two towers of serviced apartments located in Penang have been well-received with a take-up rate of 80% for block A of the project since its soft launch in January 2022.

“The main objectives of the proposed Residential Tenancy Act are to prepare legal provisions, specifically to protect homeowners’ and tenants’ rights, prepare a uniform template for residential tenancy agreements, create a dispute-resolution institution, specifically, to resolve disputes between parties involved in residential-tenancy transactions,” the updates said.

In a Bursa Malaysia filing on Wednesday (Feb 23), the group said its quarterly revenue surged by 67.53% to RM4.11 billion from RM2.45 billion, fuelled by higher revenue reported by its plantation segment amid increase in crude palm oil (CPO) prices.