IOI Properties Group Bhd May 30 (RM2.
Property sector Maintain neutral: Among our coverage universe, Matrix Concepts Holdings Bhd is the only developer that has managed to achieve positive growth in full-year sales (+28% year-on-year [y-o-y]) mainly due to its focus on the affordable mass market with a pricing range of below RM600,000.
WITH the demand for property slipping, competition among property developers chasing a shrinking market has become stiffer.
KUALA LUMPUR (Jan 21): Prasarana Malaysia Bhd has assured residents it will take steps to minimise any discomfort and inconvenience when it runs comprehensive tests on its six-car trains on a new stretch of the extended Ampang LRT line beginning tomorrow.
PUTRAJAYA (Jan 4): IOI Properties Group Bhd is targeting to begin construction of Phase 2 of IOI City Mall here before this year end, with an investment of RM500 million.
SELANGOR (Dec 11): IOI Properties Group Bhd will launch its next commercial offering Enigma Square in its new 370-acre township Bandar Puteri Bangi in January next year, said IOI Properties chief operations officer Teh Chin Guan (pictured) at the groundbreaking ceremony of Tesco Bandar Puteri Bangi today.
IOI Properties Group Bhd, the property development arm of IOI Group, was established in 1980.