S P Setia expands Australian development with land acquisition in Sydney
The site located at 20 Atchison Street in St Leonards is “nestled in the dynamic landscape of Sydney's North Shore”.
The site located at 20 Atchison Street in St Leonards is “nestled in the dynamic landscape of Sydney's North Shore”.
The group has been actively looking into investing in Perth for some time due to the city’s strong fundamentals underpinning the economy, a lower housing entry point and some of the best prospects for capital gains in Australia.
On a quarter-on-quarter basis, Gamuda’s latest quarterly net profit rose 14.
“We had offers and ready opportunities in Kota Kinabalu, Melbourne and Maldives, but we wanted Sarawak because there is so much going for it – its growth and optimistic possibilities.
CGS-CIMB said that once earnings delivery picks up for its maiden Australia project Sydney Metro West which is 20-25% complete, that should instill more investor confidence in Gamuda’s ability to execute projects in Australia.
The implication of the MCO also meant that the group was unable to progress projects, but it continued to incur certain fixed costs such as rental costs, staffing, and borrowing costs that reflected into a weak financial performance the last couple of years, said the group.
When it became clear that the EV population was expanding, it was only natural for the high-rise dwelling community to consider providing the convenience of EV charging in the building.
The purpose of the facility is to finance the construction of Stage 1 of Norwest Quarter, a mixed use residential apartment development in Norwest, Australia, said the group in a bourse filing on Tuesday (May 2).
The project also consists of three strata shop units on level 1, four levels of podium parking, three levels of lower ground parking facilities for residents, one unit of electrical substation and one guard house.
In a note on Friday (March 24), the research house said it expects a stronger 2HFY23 for Gamuda driven by RM8.