News about Cheras

Artist's impression of Gravit8 (Images by Mitraland Group) THE harrowing congestion in the city has propelled many homebuyers to purchase upmarket properties in the suburbs.

Glomac Bhd (Sept 22, 79.

KUALA LUMPUR (Sept 22): The opening of the RM3 billion gross development value MyTOWN Shopping Centre in Cheras is delayed from the initial target of November this year, amid headwinds faced by the shopping mall segment.

KUALA LUMPUR (Sept 21): Minetech Resources Bhd has been tasked to build a connecting bridge between PJ Development Group's You City in Cheras and the Grand Saga Expressway for a contract sum of RM16.

JOHOR BAHRU (Sept 15): Furniture store IKEA laid the foundation for its first store beyond the Klang Valley today at a cement-pouring ceremony here, the group said in a press statement.

Glomac Bhd (Sept 13, 76 sen) Maintain hold with a higher target price (TP) of 82 sen: Glomac Bhd’s upcoming first quarter ended July 31, 2016 (1QFY17) results could come in below expectations, with weaker core net profit quarter-on-quarter (q-o-q) and year-on-year (y-o-y).

PETALING JAYA: Despite the current property market slowdown, there are still investment opportunities on the subsale market, especially in Kuala Lumpur, that investors can ride on, said TheEdgeProperty.

PETALING JAYA (Aug 24): Property developer Orando Holdings will be rewarding Rio Olympics silver medallist Datuk Lee Chong Wei with a condominium unit worth RM1.

HYPERMARKET operator Tesco Stores (M) Sdn Bhd, which posted two consecutive years of losses, expects its performance to improve this year as its three-year transformation plan kicks off and begins to bear fruit.

KUALA LUMPUR (Aug 22): After a rather dismal year in which earnings plummeted 75% on reduced profit margin as revenue slid 23% on lower construction contribution, Kedah-based property player EUPE Corp Bhd expects its financial year ending Feb 28, 2017 (FY17) to chart better numbers in both revenue and profit.