IGB’s 2Q net profit more than doubles on higher revenue, increased forex gains
Revenue from the property development division saw a more than three-fold increase to RM39.
Revenue from the property development division saw a more than three-fold increase to RM39.
According to RHB Investment Bank (RHB IB), which has received insights from real estate agency Knight Frank Malaysia, a lot of infrastructure projects, property developments, facility expansions and investments are “brewing” in Iskandar Malaysia, which is formed by major cities in Johor.
“This TOD will bring about great change to Johor Bahru's property market, not only in terms of the train station but also residential houses, retail offices and hotels.
Sheraton Johor Bahru will be part of an upcoming mixed-use development comprising several commercial developments, including a retail podium and office spaces, along Jalan Storey in Johor Bahru.
Other major contracts bagged by the group this year include a RM37.
Power Root, through its wholly owned subsidiary Alicafe Sdn Bhd (ASB), signed a sale and purchase agreement with GreatEarth Development (Molek) Sdn Bhd on Tuesday (June 27).
Mah Sing said the acquisition will further solidify the group’s footprint in Johor and strengthen its competitive positioning in the affordable housing segment after the acquisition of 6.
With a gross development value of RM437 million, the units with built-ups ranging from 590 to 863 sq ft have a selling price starting from RM352,000.
On March 23, SunCon announced to Bursa Malaysia that its wholly-owned subsidiary Sunway Construction Sdn Bhd had signed the Letter of Acceptance in respect for the proposed construction and completion of Package 1B and Package 5 for the RTS project.
DONE DEAL: Terrace house, Batu Caves, Selangor DONE DEAL: Bungalow, Bukit Bandaraya, Bangsar, Kuala Lumpur Located at Bandar Dato Onn, a suburban town in Johor Bahru, the property is surrounded by various amenities and attractions.