Net profit for the quarter jumped more than fivefold to RM21.75 million from RM4.16 million a year earlier. 

Parkland by the River, officially registered as Residensi Parkland Permas (Phase 2), is developed by Parkland Southern Sdn. Bhd. in Permas Jaya, Johor Bahru.

Ivory Properties said Ivory Indah is not a major subsidiary, with its assets making up 15% of the group.

The fund was increased by RM10 billion this year, bringing the overall allocation to RM30 billion.

Keretapi Tanah Melayu Bhd (KTMB) Electric Train Service 3 (ETS3) for the southern route will commence operations involving the Kuala Lumpur Sentral (KL Sentral)–Kluang–KL Sentral route on Aug 30, said Transport Minister Anthony Loke.

The proposal to purchase land in Saudi Arabia will be carefully reviewed, considering market conditions, risks, and the financial capacity of Lembaga Tabung Haji, said Deputy Minister in the Prime Minister’s Department (Religious Affairs) Dr Zulkifli Hasan.

Sunway Maple Residence, developed by Sunway Iskandar Development Sdn. Bhd., is an exclusive landed residential project in Sunway City Iskandar, Iskandar Puteri, Johor. 

Ivory Properties Group Bhd (KL:IVORY), a Practice Note 17 (PN17) company, announced that its group chief executive officer and executive director Datuk Low Eng Hock has resigned from all positions in the Penang-based property developer, effective Aug 22, citing personal reasons.

The parliamentary Public Accounts Committee (PAC) found that an outdated formula to calculate land prices led to the government losing about RM136.8 million in revenue in the case of the Kampung Bohol flood retention pond project.

The Straits View Garden, developed by BRDB Developments Sdn. Bhd., is the latest addition to Johor Bahru’s prestigious Straits View enclave in Permas Jaya.