Kimlun expects construction and manufacturing margins to trend lower
Maintain outperform with an unchanged target price (TP) of RM2.
Glomac gears up for more new launches
KUALA LUMPUR (Sept 21): After holding back some of its project launches for about a year, Glomac Bhd is now targeting to launch properties worth some RM1 billion in total gross development value (GDV) before its current financial year end April 30, 2017 (FY2017).
S P Setia’s double-storey terraced homes in Johor record 80% take-up rate
JOHOR BAHRU (Sept 15): S P Setia’s double-storey terraced homes dubbed Visca and Villosa in the established Bukit Indah township recorded an 80% overall take-up during its recent launch.
IKEA pushes south
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.
Rehda: Launches and sales decreased significantly in 1H2016
PETALING JAYA (Sept 14): There has been a significant decrease in new project launches from 9,938 units in 2H2015 to 7,172 units in 1H2016 while sales have dipped from 52% in 2H2015 to 39% in 1H2016, said Real Estate and Housing Developers’ Association (Rehda) president Datuk Seri Fateh Iskandar Mohamed Mansor (pictured) in his presentation of the Rehda property industry survey 1H2016 to the media today.
Medini going ahead with commercial developments
SINCE its opening in September 2012, Legoland Malaysia has been drawing thousands of visitors daily.
HSR is great for Iskandar Puteri but watch out for Jurong
PETALING JAYA (Sept 9): Iskandar Puteri (Nusajaya), Johor would benefit from the Kuala Lumpur-Singapore High Speed Rail (HSR) link but one needs to be aware of the competition from Jurong, Singapore, said Nawawi Tie Leung Real Estate Consultants Sdn Bhd consulting and research director Saleha Yusoff.
Southkey JB aims to launch RM800 mil GDV development next year
PETALING JAYA (Sept 2): The Southkey development in Johor Bahru City Centre is slowly taking shape.
