Keck Seng posts 4Q net profit of RM75.5 mil on forex gain
KUALA LUMPUR (March 1): Keck Seng (M) Bhd was back in the black for the fourth quarter ended Dec 31, 2016 (4QFY2016) with a net profit of RM75.
Help for first-timers buying resale HDBs, but no easing of cooling measures
ON Feb 20, Finance Minister Heng Swee Keat announced in his Budget statement that, with immediate effect, the Central Provident Fund’s (CPF) Housing Grant had been raised to $50,000 for first-timer couples buying four-room or smaller HDB flats from the resale market.
Kimlun's 4Q net profit up 13%, plans 6.5 sen dividend
KUALA LUMPUR (Feb 28): Higher profit contribution from the manufacturing, construction and trading divisions lifted Kimlun Corp Bhd’s net profit by 13% to RM24.
CityDev looks from Buangkok to Belgravia and Singapore to Suzhou for FY17 earnings
SINGAPORE (Feb 24): CIMB is maintaining its “add” call on City Developments with higher target price of S$10.
$6.6 million loss at Seascape mortgagee sale
ON Feb 7, a 4,069 sq ft unit at Seascape in Sentosa Cove was sold at a $6.
GIC announces joint acquisitions of S$1.05 bil Washington DC office portfolio
SINGAPORE (Feb 23): Singapore’s sovereign wealth fund GIC says it has formed joint ventures (JVs) with a group of investors to acquire over 2.
IOI Properties’ 2H sales to stay strong — analysts
KUALA LUMPUR (Feb 23): IOI Properties Group Bhd’s sales is expected to remain strong in the second half of the financial year ending June 30, 2017 (2HFY2017) on the back of its Trilinq condominium project in Singapore, said analysts.
Revitalising Chip Eng Seng
CEL Development, the property development arm of listed construction group Chip Eng Seng Corp, will preview the 720-unit Grandeur Park Residences on Feb 18.
Improve efficiency in PR1MA purchase process, says analyst
PETALING JAYA (Feb 21): The government should look to enhance the 1Malaysia People’s Housing (PR1MA) scheme by improving its efficiency in processing home purchases, Affin Hwang Capital Research senior associate director for equity research Loong Chee Wei (pictured) told TheEdgeProperty.
