News About Hong Leong

Guocoland swings into loss on SPA cancellations, lower sales

Aug 24

KUALA LUMPUR (Aug 24): Guocoland (Malaysia) Bhd incurred a net loss of RM20.

SunCon wins bid to lease S'pore land at S$25.7m for proposed development

Jul 27

KUALA LUMPUR (July 27): Sunway Construction Group Bhd (SunCon) said today it has won the bid for the lease of a piece of land in Singapore from the island state's Building and Construction Authority.

HLIB: Property buyers in wait-and-see mode pending new govt policies post-GE14

Jul 09

KUALA LUMPUR (July 9): While Hong Leong Investment Bank Bhd says it can't rule out a mild recovery of interest in the property sector given the trough valuation and domestic growth focus theme with possible introduction of new policies, it said developers' full year sales may still fall short of targets, as sales would likely remain soft after the 14th general election (GE14).

No cap on civil servants’ debt service ratio for mortgages — Bank Negara

Jun 20

KUALA LUMPUR: Bank Negara Malaysia (BNM) has highlighted that commercial banks have “considerable flexibility” to decide on mortgage approvals.

Guocoland's 2Q profit lower on absence of land sale proceeds

Jan 26

KUALA LUMPUR (Jan 26): Guocoland (M) Bhd, the property arm of Hong Leong Group, saw its net profit for the second quarter ended Dec 31, 2017 (2QFY18) contract to RM965,000 from RM110.

KLCCP Stapled Group’s FY17 earnings draw mixed reactions from analysts

Jan 25

KUALA LUMPUR (Jan 25): KLCCP Stapled Group's full year FY17 earnings drew mixed reaction from analysts, as group earnings were dragged down slightly by higher operating costs in management services.

Developers’ margin woes to stay

Dec 22

KUALA LUMPUR (Dec 22): Property developers may need to brace for a sustained low-margin environment next year as they continue building new affordable homes that are expected to crimp their margins.