Large units in Singapore prime districts fetch bigger profits on resale
THE top three most profitable deals in the week of May 9 to 16 were in prime Districts 9 and 10, and they were for big, four-bedroom units in older developments.
AZRB 1Q net profit up 45.7% on improved margin, higher property revenue
KUALA LUMPUR (May 30): Ahmad Zaki Resources Bhd's (AZRB) first-quarter net profit rose 45.
Ekovest 3Q net profit largely flat on one-off expense
KUALA LUMPUR (May 30): Ekovest Bhd's third-quarter net profit was largely flat at RM11.
This property group is poised for a pickup
SINGAPORE (May 30): DBS Vickers expects Frasers Centrepoint Ltd (FCL) and its REITs to deliver consistent returns in the coming years, leveraging on the improved outlook of their key markets of Australia and Singapore.
Rastam Isa retires as Tropicana Corp chairman
KUALA LUMPUR (May 30): Tan Sri Rastam Isa has retired from his position as independent and non-executive chairman of property developer Tropicana Corp Bhd.
Grand-Flo targets equal revenue contribution from its two divisions
KUALA LUMPUR (May 30): Grand-Flo Bhd hopes to see equal revenue contributions from its tracking solutions and property development segments this year, in light of a healthy order book and unbilled sales.
Number of residential properties put up for auction rose 14% y-o-y in 1Q2017
PETALING JAYA (May 30): Looks like more property owners are losing their holding power as 1Q2017 has seen a rise in the number of residential properties put up for auction in the country.
Mah Sing to acquire Sentul land for proposed serviced apartments
Mah Sing Group Bhd (May 29, RM1.
Sunway 1Q net profit up 5.7% on better performance in most segments
KUALA LUMPUR (May 30): Sunway Bhd’s net profit rose 5.
MRCB first-quarter net profit rises over twofold to RM10.46 mil
KUALA LUMPUR (May 30): Malaysian Resources Corp Bhd (MRCB) saw its net profit for the first financial quarter ended March 31, 2017 (1QFY17) more than double to RM10.
