IGB shareholders say yes to takeover by Goldis
KUALA LUMPUR (Nov 22): IGB Corp Bhd shareholders yesterday approved the proposed takeover of the group by Goldis Bhd, despite some dissatisfaction over the RM3 share valuation.
IGB Corp's 3Q profit lower on absence of disposal gain
KUALA LUMPUR (Nov 21): IGB Corp Bhd's net profit came in 58% lower year-on-year at RM62.
UOA Development 3Q net profit down 18% on higher expenses
KUALA LUMPUR (Nov 21): UOA Development Bhd's net profit for its third quarter ended Sept 30, 2017 (3QFY17) dropped 18.
JLL Malaysia: Temporary development curbs will bring “much-needed” relief
PETALING JAYA (Nov 21): The temporary freeze on approvals for the development of shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million will be a much-needed relief for landlords or owners of office and residential buildings as it will allow the market to absorb the existing large supply through rising population growth, urbanisation and migration to cities, said JLL Malaysia associate director, research and consultancy Veena Loh.
Knight Frank: Freeze on property developments “misguided”
PETALING JAYA (Nov 21): The recent directive by the government to freeze approvals for shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million is seen as a misguided move by property consultancy firm Knight Frank Malaysia.
Developers shall not hand over liabilities to JMB
PETALING JAYA (Nov 21): Property developers handing over their debts and liabilities mainly in the form of water and electricity arrears to joint management bodies (JMBs) will evidently jeopardise proper maintenance by the JMBs, said the Malaysian Institute of Professional Property Managers (MIPPM).
Rehda wants authorities to reconsider approvals freeze
PETALING JAYA (Nov 21): The Real Estate and Housing Developers Association (Rehda) Malaysia hopes that the authorities will reconsider the new ruling to freeze approvals of developments, including condominiums priced above RM1 million, it said in a press statement today.
MRCB 3Q net profit falls 4.4% on higher expenses
KUALA LUMPUR (Nov 21): Malaysian Resources Corp Bhd’s (MRCB) third quarter net profit dropped 4.
Hock Seng Lee bags RM57m job in Kuching
KUALA LUMPUR (Nov 21): Hock Seng Lee Bhd (HSL) has bagged a RM56.