Supply glut in Iskandar haunts UEM Sunrise
KUALA LUMPUR: UEM Sunrise Bhd, the largest landlord in the Iskandar region in Johor, has seen its share price shrink to only one-third of its peak at RM3.
MRT2, LRT 3 to boost properties and landbank, says AffinHwang
KUALA LUMPUR (May 18): AffinHwang Capital Research has maintained its “Neutral” rating on the property sector and said the RM25 billion Klang Valley Mass Rapid Transit Line 2 (MRT2) and RM9 billion Light Rail Transit Line 3 (LRT 3) would spur the construction sector (Overweight) growth.
Kimlun buys Johor land for RM28.3 mil to build residential properties
KUALA LUMPUR (May 13): Kimlun Corp Bhd is acquiring land in Kota Tinggi, Johor for RM28.
MBSB's 1Q profit falls as bad loan allowance jumps
KUALA LUMPUR (May 7): Malaysia Building Society Bhd (MBSB) saw its net profit dropped 37% to RM124.
HLIB conservative on UEM Sunrise profits
PETALING JAYA: Research house Hong Leong Investment Bhd (HLIB) maintained its conservative forecast of UEM Sunrise Bhd's profit for the financial year 2015 (FY2015), according to a report in The Edge Financial Daily today.
S P Setia fixes new shares at RM3.10 under 3rd dividend reinvestment plan
KUALA LUMPUR (April 23): Property player S P Setia Bhd has fixed the price of its new shares to be issued in relation to its third dividend reinvestment plan (3rd DRP) at RM3.
IOI Properties gets a slimmer structure
KUALA LUMPUR (April 22): BIMB Securities Research reported on April 21 that IOI Properties Group Bhd now has a leaner structure comprising three main segments -- property development, property investments, and leisure and hospitality.
Eco World to continue building war chest of projects
Eco World Development Group Bhd (April 15, RM1.
Selangor Properties replenishes landbank to launch residential projects
KUALA LUMPUR (April 10): Selangor Properties Bhd is replenishing its landbank to undertake more residential projects.
