MBSB's 1Q net profit slumps by 71.98% on higher impairment allowances
KUALA LUMPUR (May 11): Malaysia Building Society Bhd (MBSB)’s net profit for the first quarter ended March 31, 2016 (1QFY16) slumped by 71.
Hua Yang launches phase 2 of Ridgewood
PETALING JAYA (May 10): Hua Yang Bhd has launched the second phase of its residential development Ridgewood in Bercham, Perak, which comprises 3-storey cluster semi-detached homes, three-storey linked bungalows and three-storey bungalows, the company said in a press release today.
RAM maintains negative outlook on property sector
KUALA LUMPUR (May 9): RAM Rating Services Bhd has maintained its negative outlook on the Malaysian residential property sector as well as the office and retail sub-segments in Kuala Lumpur and Selangor this year.
Sunsuria confirms deal to jointly develop Putrajaya land
KUALA LUMPUR (May 9): Sunsuria Bhd has partnered with Taiwan-based Ever Rich Land Co Ltd to turn a 3.
First Oakwood hospitality property in Malaysia to open in 3Q2016
KUALA LUMPUR (May 9): Malaysia’s first Oakwood hotel and serviced apartments – formerly the Nomad SuCasa Hotel – is scheduled to open in September this year, said property owner Plenitude Bhd.
Malaysia’s 2015 property market records decline in transaction value, volume
Property sector Maintain neutral: According to the National Property Information Centre, Malaysia’s property market recorded an 8% decline in transaction value and a 5.
Urbane living
AMPANG Jaya is one of the older suburbs in Kuala Lumpur that has been able to retain its idyllic verdant surroundings.
Sime Darby launching Quarza Residence this Sunday
PETALING JAYA (May 5): Sime Darby Property Bhd – the property arm of Sime Darby Bhd – is set to officially launch the Quarza Residence serviced residences in conjunction with its Lifestyle Collection Campaign this Sunday, the group said in a press release today.
PROPERTY SNAPSHOT 4: What’s hot in Kelana Jaya?
• Today, we look at price growth and indicative asking rental yields for non-landed homes in Kelana Jaya.
HK’s Nan Fung puts KL land up for sale
HONG KONG-based Nan Fung Group plans to dispose of several parcels of land in Kuala Lumpur measuring a total of 33 acres for an estimated RM700 million, sources say.
