PROPERTY SNAPSHOT 3: What are developments priced in Brickfields?
• Today, we continue our focus on Brickfields by looking at average prices on a per square foot (psf) basis.
MRT 2 major awards in the offing
Construction sector Maintain “overweight”: The Edge weekly reported that IJM Corp Bhd, Sunway Construction Group Bhd (SunCon) and Gadang Holdings Bhd are among the leading contenders for major work packages under the mass rapid transit (MRT) 2 line.
OSK Property aims high
“INTEGRATED property” seems to be the favourite phrase of OSK Property Holdings Bhd CEO Ong Ghee Bin during an interview with City & Country.
PROPERTY SNAPSHOT 1: Brickfields 1Q2015 average price down 6.9% y-o-y
• This week, the spotlight falls on the secondary market of non-landed residences in Brickfields and the integrated transport hub of KL Sentral.
Second tower of The Tamarind 80% sold
PETALING JAYA (Feb 26): The second tower of The Tamarind executive apartments in Penang by Eastern & Oriental Bhd (E & O) is 80% sold since its launch in late-2015, the group said in a press statement.
Paramount sets higher sales target for 2016 despite slowdown
KUALA LUMPUR (Feb 26): Paramount Corp Bhd, which saw its full-year 2015 net profit climb 8.
UOA's 4Q net profit rises 25.6%, plans 15 sen dividend
KUALA LUMPUR (Feb 25): UOA Development Bhd saw its net profit rise 25.
Paramount to double property launches in 2016 to RM770m
KUALA LUMPUR (Feb 25): Paramount Corp Bhd is doubling its property launches this year to RM770 million, from RM313 million in 2015, and aiming to have RM480 million new sales for the financial year ending Dec 31, 2016 (FY16).
SDB to focus on sales of existing projects
PETALING JAYA (Feb 24): Selangor Dredging Bhd (SDB) will be focusing on the sales of its property projects that are currently under construction as it seeks to maintain the strength of its strong balance sheet this year, the group said in a press statement today.
Prove claim demolished building was Raffles residence, says Penang mayor
GEORGE TOWN (Feb 24): Penang Island City Council (MBPP) today reiterated that it had no records to show that a building demolished on the Runnymede property in George Town was the home of Singapore founder Sir Thomas Stamford Raffles.
