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News About Klang Valley

LBS Bina a leading player in affordable housing

By PublicInvest Research Jan 08

Maintain outperform with a higher target price (TP) of RM2.87: LBS Bina Group Bhd unveiled its plans for the coming year to the media yesterday, while also recapping its performance in 2017, with group managing director Tan Sri Lim Hock San also indicating a sales target of RM1.8 billion for 2018.

IGB REIT expected to have lower rental growth

By Affin Hwang Capital, Jan 02

IGB Real Estate Investment Trust (Dec 29, RM1.80)

Hua Yang to develop a mixed development in Kajang

By Natalie Khoo Dec 27

PETALING JAYA (Dec 27): Hua Yang Bhd has announced today that it will undertake a mixed development project comprising serviced apartments, retail units and affordable homes located between Kajang and Bandar Baru Bangi with an estimated GDV of RM800 million.

Government will not bail out developers in trouble

By Dec 15

PETALING JAYA (Dec 15): The government will not bail out property developers, especially those who fail to sell their high-end projects and get into financial problems, said Finance Minister II Datuk Seri Johari Abdul Ghani.

OCR's 1Q profit up sharply; construction, property divisions to drive long-term growth

By Adela Megan Willy Dec 13

KUALA LUMPUR (Dec 13): O&C Resources Bhd (OCR) said it is optimistic of the long-term prospects of the group, which will be mainly driven by the earnings visibility from its construction and property development divisions.

JKG eyes residential, commercial development in Bukit Cherakah

By Dec 08

KUALA LUMPUR (Dec 8): JKG Land Bhd, formerly known as Keladi Maju Bhd, has teamed up with ISY Holdings Sdn Bhd to jointly develop a 130-acre piece of leasehold land in Bukit Cherakah, Selangor into predominantly residential and commercial properties.

Klang Valley retail occupancy rate at 5-year low

By Adam Aziz Dec 06

KUALA LUMPUR (Dec 6): The average occupancy rate of retail space in the Klang Valley, which has been falling marginally over the last six years, is now hovering at a five-year low of 86%, said real estate services firm Nawawi Tie Leung Sdn Bhd (NTL).

Vivocom seen to be entering into slower billing cycle

By MIDF Research Dec 05

Vivocom International Holdings Bhd (Dec 4, 13 sen)

Matrix 2Q earnings up 11.5% to RM51.8m on higher profit margin

By Wong Ee Lin Nov 23

KUALA LUMPUR (Nov 23): Township developer Matrix Concepts Holdings Bhd posted an 11.53% increase in net profit for the second quarter ended Sept 30, 2017 (2QFY18) to RM51.83 million or 8.64 sen a share, from RM46.47 million or 8.2 sen a share last year, due to enhanced profit margin.