China’s Country Garden is here for ‘long term’
KUALA LUMPUR (March 1): Hong Kong-listed Country Garden Holdings Co Ltd, the company that develops Forest City project that carries a gross development value of US$100 billion (RM444 billion) along the Straits of Johor, is here to stay for long-term investment.
‘Extend step-up financing to non-PR1MA projects too’
KUALA LUMPUR (March 1): The Real Estate and Housing Developers’ Association Malaysia (Rehda) would like to see special end-financing schemes, such as the Skim Pembiayaan Fleksibel (SPEF) that was created exclusively for Perbadanan PR1MA Malaysia homes, applied to private developments as well.
All that glitters is not gold at PR1MA
IF there is one thing the global financial crisis taught us, it is this: When you lend money to cash-strapped individuals, time bombs can and do explode.
Mixed performance in 4Q2016
THE property market in Johor will remain challenging this year and developers will focus on clearing stock and selling products priced below RM700,000.
GSH swings into 4Q and FY2016 losses
SINGAPORE (Feb 28): GSH Corp, the property developer and owner of Sutera Harbour Resort in Kota Kinabalu, swung into losses of S$3.
Eversendai slips into the red with RM193 mil 4Q loss
KUALA LUMPUR (Feb 28): Provision for doubtful debts and higher costs caused Eversendai Corp Bhd to slip into the red with a net loss of RM193.
Boustead 4Q earnings surge on lower operating costs, declares 3.5 sen dividend
KUALA LUMPUR (Feb 28): Boustead Holdings Bhd said its net profit for the fourth quarter ended Dec 31, 2016 (4QFY2016) swelled by 28 times to RM120.
Help for first-timers buying resale HDBs, but no easing of cooling measures
ON Feb 20, Finance Minister Heng Swee Keat announced in his Budget statement that, with immediate effect, the Central Provident Fund’s (CPF) Housing Grant had been raised to $50,000 for first-timer couples buying four-room or smaller HDB flats from the resale market.
I-Bhd to launch ‘Internet of Things’-ready serviced residences in June
PETALING JAYA (Feb 28): Property developer I-Bhd is planning to launch “Internet of Things” (IoT)-ready serviced residences in i-City, Shah Alam in June, said marketing director Monica Ong.
