News about construction

Sunway Construction Group Bhd (May 18, RM2.

KUALA LUMPUR (May 18): Construction and property development player Ho Hup Construction Bhd said today it will unveil property projects worth RM1.

KUALA LUMPUR (May 18): Sunway Construction Group Bhd’s (SunCon) net profit in its first quarter ended March 31, 2018 (1QFY18) grew 6% year-on-year (y-o-y) to RM35.

SHAH ALAM (May 17): S P Setia Bhd said today that the Malaysian property market may see improved buyer sentiment after the government announced that the goods and services tax (GST) rate will be reduced from 6% to 0% effective June 1 this year.

KUALA LUMPUR (May 16): Ewein Bhd is increasing its stake in Ewein Zenith Sdn Bhd to 89% from 73%, as part of its plan to gain control in the Penang-based property developer, which is currently developing a luxury sea-front residential project worth RM800 million in gross development value.

Construction sector Downgrade to neutral: The surprise election outcome with Pakatan Harapan (PH) winning the election led to a knee-jerk selldown in construction stocks.

Mention the industrial property sector and the image conjured in the minds of most people is no doubt one of grimy and gritty factories and warehouses set in the outskirts of towns.

KUALA LUMPUR (May 8): Damansara Realty Bhd is teaming up with China State Construction Engineering (M) Sdn Bhd (CSCEM) to tender for the 4km Johor Baru-Singapore Rapid Transit System (RTS) railway project.

Sunway Construction Group Bhd (May 3, RM2.

KUALA LUMPUR (May 3): Sunway Construction Group Bhd (SunCon) is expected to secure between RM1.