S P Setia to launch Trio in Bukit Tinggi, Klang by mid-March
PETALING JAYA (Feb 27): S P Setia Bhd is looking to launch the first tower of serviced apartments at its integrated development Trio at Bukit Tinggi, Klang, by mid-March.
IGB Corp up 15% on takeover offer
KUALA LUMPUR (Feb 24): IGB Corp Bhd shares rose as much as 38 sen or 15% after controlling shareholder Goldis Bhd made a takeover offer for the remaining IGB shares at RM3 each.
DONE DEAL: 2-storey terraced house at Taman Nuri, Bandar Puchong Jaya, Selangor
Sold for: RM695,000 Concluded by: Wa Wa Liew (REN 02732) of Pro-Tech Realty (012-309 7661) When: November 2016 Noteworthy: ● Freehold ● 4 bedrooms and 3 bathrooms ● Built-up: 1,800 sq ft ● Land size: 1,500 sq ft ● Property is more than 20 years old Located between Bandar Sunway and Bandar Kinrara, Bandar Puchong Jaya is a 930-acre township in Puchong, Selangor.
Tambun Indah Land to roll out RM170 mil worth of launches in 2017
PETALING JAYA (Feb 23): Penang-based property developer Tambun Indah Land Bhd plans to launch three new projects worth about RM170 million for 2017, said the developer.
Matrix Concepts posts RM50.4 mil profit for 3Q, declares 3.5 sen dividend
KUALA LUMPUR (Feb 23): Property developer Matrix Concepts Holdings Bhd has reported a net profit of RM50.
Residential property sector bottoming
KUALA LUMPUR (Feb 23): Malaysia’s residential property absorption rate has hit a 14-year low, according to Kenanga Investment Bank Bhd head of equity research Sarah Lim.
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.
UOA Development 4Q earnings multiply threefold, proposes 15 sen dividend
KUALA LUMPUR (Feb 22): UOA Development Bhd’s net profit multiplied threefold to RM345.
IOI Properties posts higher earnings excluding previous FV gain
KUALA LUMPUR: IOI Properties Group Bhd posted a net profit of RM273.
IOI Corp 1H core net profit above expectation — AmInvestment
KUALA LUMPUR (Feb 21): AmInvestment Bank Bhd upgraded its IOI Corp Bhd net profit forecast by 9% for the current financial year after IOI reported first-half core net profit, which was above the research firm's and consensus expectations.
