Gabungan AQRS 3Q net profit surges 83%, declares two sen dividend
KUALA LUMPUR (Nov 23): Gabungan AQRS Bhd reported an 83% surge in net profit to RM9.
YTL Hospitality 1Q NPI rises 16% on higher revenue
KUALA LUMPUR (Nov 22): YTL Hospitality REIT’s net property income (NPI) rose 16.
Housing ministry ready to look into property glut
PETALING JAYA (Nov 21): The Urban Wellbeing, Housing and Local Government Ministry is ready to look into the issue of excessive property stock, especially unsold residential units, with various parties to resolve the problem.
Suncon 3Q net profit up 11% on construction segment boost
KUALA LUMPUR (Nov 20): Sunway Construction Group Bhd (SunCon), the country's largest pure-play construction group, saw its net profit rise 11.
Eligible house loan applicants will not be rejected, says Association of Banks in Malaysia
KUALA LUMPUR (Nov 20): The Association of Banks in Malaysia (ABM) has reiterated that its member banks “have been and will continue to” provide home loans to all eligible borrowers, said the association in a statement issued today to rebut claims that commercial banks are imposing strict rules on home loan applicants.
Lack of clarity an issue in development freeze directive
PETALING JAYA (Nov 20): There is still a lot of ambiguity in the new ruling to freeze approvals for four types of developments in Kuala Lumpur, said Zerin Properties CEO Previndran Singhe.
Govt now says luxury development freeze not absolute
PETALING JAYA (Nov 20): The Cabinet directive to Dewan Bandaraya Kuala Lumpur (DBKL) to freeze approvals for luxury developments is not absolute, as projects will be evaluated on a case-by-case basis.
Rate hike to come on the back of a stronger ringgit
KUALA LUMPUR (Nov 20): The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.
Johor to review Federal government's RM1m floor on foreign property investment
PETALING JAYA (Nov 20): Johor wants the RM1 million floor on foreign property investment in the country to be reviewed, said its Housing and Local Government committee chairman Datuk Md Jais Sardy.
