Ibraco's 4Q net profit down 80%; still positive on property outlook
KUALA LUMPUR (Feb 24): Sarawak-based property developer Ibraco Bhd's net profit in the fourth quarter ended Dec 31, 2016 (4QFY2016) dropped 80% to RM3.
East Coast property market to slow down due to challenges, says Rahim & Co
KUALA LUMPUR (Feb 24): The real estate market in the East Coast Economic Region, which comprises Pahang, Terengganu, Kelantan and District of Mersing, Johor, is expected to be slow due to the challenging economic environment and weakened consumer sentiment, said Rahim & Co International Sdn Bhd director Sulaiman Akhmady Mohd Saheh.
Weaker utilities, lower cement earnings drag on YTL Corp's 2Q
KUALA LUMPUR (Feb 24): With no contracted power generation revenue and lower cement sales, YTL Corp Bhd's net profit slumped 37% on-year to RM147.
Encorp 4Q net profit up 280% on higher progress of development work
KUALA LUMPUR (Feb 24): Encorp Bhd’s net profit jumped 280% to RM16.
Sunway Construction Group posts 9% uptick in 4Q earnings
KUALA LUMPUR (Feb 24): Sunway Construction Group Bhd (SunCon) posted a 9.
$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.
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.
CityDev’s FY2016 earnings fall 15.5% to S$653.2 mil on absence of PPS profit
SINGAPORE (Feb 23): City Developments Ltd (CDL) reported FY2016 earnings of S$653.
House prices can be reduced up to 40% by offering bare units, says Rehda past president
KUALA LUMPUR (Feb 23): If developers adopt the core housing development concept, house prices could come down by 30% to 40%, said past president of the Real Estate and Housing Developers' Association (Rehda) Datuk Ng Seing Liong.
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.
