SP Setia achieves RM918.3m net profit in 14-month period, plans 19 sen dividend
KUALA LUMPUR (Feb 25): SP Setia Bhd achieved a net profit of RM208.
Selangor Properties to see flat earnings growth in FY16
KUALA LUMPUR (Feb 25): Selangor Properties Bhd (Selangor Prop) expects the group's earnings growth to remain flat in its current financial year ending Oct 31, 2016 (FY16), as the group, which has not launched new products for some years — though it has a luxury condominium planned this year — continues to rely on its property investments as its major income stream for now.
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).
Pothole, collapsed drain keep Ulu Tiram residents up at night
JOHOR BAHRU (Feb 25): Residents of Taman Desa Cemerlang in Ulu Tiram, near Johor Bahru, are worried that an eroded patch of road is endangering pedestrians and motorists.
Portugal seeks to draw foreign investors
FAMOUS for its Roman and Moorish ruins, picturesque beaches and lively cities, Portugal is a blend of old-world charm and modernity.
Matrix Concepts posts record sales in 2015, pays 3.75 sen dividend
KUALA LUMPUR (Feb 24): Negeri Sembilan property developer Matrix Concepts Holdings Bhd posted record property sales of RM805.
Knight Frank: Cautious sentiment in KL’s high-end condo market
AGAINST a backdrop of softening demand, a weak economy and cooling measures, market sentiment in the high-end condominium segment in Kuala Lumpur is expected to remain cautious, says Knight Frank Malaysia in its Real Estate Highlights 2H2015 report.
Property market to pick up in 2Q to 3Q on local housing demand, says real estate agency
PETALING JAYA (Feb 23): The property market will pick up in 2Q to 3Q2016 – after the festive seasons from the end of last year until the end of this month – as demand is still strong from genuine buyers in the secondary market, said principal of Synergy International Realtors Terry Wong (pictured, centre).
Southville City interchange to open a year earlier in 2017
KUALA LUMPUR (22 Feb): Mah Sing Group Bhd expects the direct interchange from the North-South Expressway into its integrated Southville City development in Bangi – dubbed by the developer as KL South – to be completed at end-2017, earlier than the original scheduled completion in 2018.
UPDATE: 450 bookings received for EcoWorld’s Semenyih apartments
PETALING JAYA (Feb 22): Eco World Development Group Bhd (EcoWorld) has received 450 bookings for its Karisma apartments at its Eco Majestic township in Semenyih by the evening of Feb 21.
