Improved property development revenue boosts Malton's 1Q net profit by 44%
KUALA LUMPUR (Nov 21): Property developer Malton Bhd's net profit in the first quarter of the financial year ended Sept 30, 2016 (1QFY17) rose 44.
Market left guessing Desmond Lim’s plans
KUALA LUMPUR (Nov 3): Tan Sri Desmond Lim Siew Choon’s emergence as the single-largest shareholder of WCT Holdings Bhd on Tuesday has got the market speculating about his plans for the construction group as well as Malton Bhd and Pavilion Real Estate Investment Trust (REIT), in which he has 35.
Pavilion REIT casts an eye over greenfield projects
Pavilion Real Estate Investment Trust (PavREIT) may be looking at buying developmental projects, possibly Pavilion Bukit Jalil and Pavilion Damansara Heights, taking advantage of the new guidelines proposed by the Securities Commission Malaysia (SC), which will allow the participation of REITs in greenfield projects.
SkyLuxe records 80% take-up over weekend
BUKIT JALIL (Sept 27): High-end condominium SkyLuxe On The Park (SkyLuxe) by SkyWorld Development Group has received good response, recording 80% take-up since its official launch last weekend.
Aset Kayamas to unveil The Havre in Bukit Jalil
BUKIT Jalil in Kuala Lumpur is a property hot spot.
SkyLuxe project in Bukit Jalil expected to be sold out by year-end
BUKIT JALIL (Sept 5): SkyWorld Development Sdn Bhd is expecting its latest high-rise residential development SkyLuxe on the Park @ Bukit Jalil (SkyLuxe) to be fully sold within this year, said its executive director and chief operating officer Lee Chee Seng.
Exsim to launch its biggest project by year end
Established as a timber company back in 2002, Exsim Group of Companies ventured into property development in 2009, focusing on residential, commercial and industrial projects in the Klang Valley.
DONE DEAL: Le Yuan Residence, Jalan Kuchai Lama, Kuala Lumpur
Sold for: RM1 million (RM561 psf) Concluded by: Adeline Teh (REN 04207) of Hartamas Real Estate OUG Sdn Bhd (012-320 6520) When: July 2016 Noteworthy: ● 1,782 sq ft ● 3 + 1 bedrooms ● 3 + 2 (1 powder room and 1 maid’s toilet) bathrooms ● Facing west ● High floor ● Bare unit ● Facilities: man-made beach, steam bath, sauna room, two indoor badminton courts, floating gym, playground and multipurpose hall Le Yuan Residence was developed by UOA Development Bhd and handed over at the end of 2014.
Disposal of Menara Shell allows MRCB to unlock value
Malaysian Resources Corp Bhd July 1 (RM1.
