News about REA

SINGAPORE’S industrial property market could bottom out soon as macroeconomic forces gather strength.

KUALA LUMPUR (July 12): Loss-making Damansara Realty Bhd expects to record operating profit in the current financial year ending Dec 31, 2017 (FY17), as the company embarks on its strategic restructuring plan (SRP).

SINGAPORE (July 11): PropNex is on track to becoming Singapore’s largest real estate agency in terms of sales strength.

KUALA LUMPUR (July 11): Versatile Creative Bhd fell 2% at mid-morning today, after it announced it has delayed due diligence exercise for the development of medium-cost apartments in Johor, which has a gross development value of RM110 million.

KUALA LUMPUR (July 11): Versatile Creative Bhd said the due diligence for the development of medium-cost apartments, with a gross development value of RM110 million, in Johor Bahru has been delayed.

Malaysia has seen eight transactions on the secondary market for landed residential properties over RM10 million in 2016.

KUALA LUMPUR (June 30): Berjaya Corp Bhd (BCorp) posted a net profit of RM3.

KUALA LUMPUR (June 21): Shares in Selangor Dredging Bhd jumped 15.

KUALA LUMPUR (June 21): Selangor Dredging Bhd (SDB) is selling Wisma Selangor Dredging along with the land in Jalan Ampang here for RM480 million cash.

KUALA LUMPUR (June 21): The upcoming tender to appoint a privately financed assets company (AssetsCo) for the development of the Kuala Lumpur-Singapore high-speed rail (HSR) project may see up to 10 bidding consortiums, said MyHSR Corp Sdn Bhd chief executive officer Mohd Nur Ismal Mohamed Kamal.