News about Selangor

KUALA LUMPUR (June 20): Gamuda Land, the property arm of Gamuda Bhd, will be launching two high-rise residential projects – one in Melbourne, Australia and the other in Kelana Jaya, Selangor, said its managing director Chow Chee Wah.

KUALA LUMPUR (June 12): Sunsuria Bhd is eyeing about RM1 billion property sales per year, primarily from its township development in Sepang, Selangor and starting from about RM900 million for the financial year ending Sept 30, 2016 (FY16), according to executive director Kong Wai Seng.

KUALA LUMPUR (June 10): Property developer Land & General Bhd announced that its wholly-owned unit Victory Vista Sdn Bhd has signed a share sale agreement to acquire Pembinaan Jaya Megah Sdn Bhd – which will own 112.

PETALING JAYA (June 3): The Petaling Jaya City Council (MBPJ), Selangor, will be taking action against defaulters who failed to pay their assessment tax amounting to RM2.

SHAH ALAM (June 3): Paramount Corp Bhd is on track to achieve its RM600 million property sales target within the next three years, capitalising on existing projects and RM2 billion worth of bids, its chief said.

KUALA LUMPUR (June 1): Prinsiptek Corp Bhd — which saw a 64% plunge in its latest quarterly net profit — is expecting better earnings from the second half of this year ending December (2HFY15) on progressive billing and revenue recognition from its construction and property projects, said managing director Datuk Foo Chu Jong.

KUALA LUMPUR (May 11): WCT Holdings Bhd will embark on a strategy to focus on demand oriented property sales and land value enhancement, said WCT deputy managing director Goh Chin Liong (pictured) as reported in The Edge Financial Daily today.

KUALA LUMPUR (April 24): Property developer Tropicana Corp Bhd will launch the first phase of its Tropicana Aman (formerly Canal City) mixed township in the vicinity of Kota Kemuning in Shah Alam, Selangor this month.

KUALA LUMPUR: Selangor’s property market saw the value of its transactions rise by 2% to RM47.