Aspen sees 2.5 times jump in 1Q profit, driven by progress of ongoing projects
KUALA LUMPUR: Singapore-listed Aspen (Group) Holdings Ltd's net profit grew about 2.
Kepong MP lodges MACC report over RM4.28b DBKL land sale
KUALA LUMPUR (May 16): Kepong MP Lim Lip Eng has lodged a report with the Malaysian Anti-Corruption Commission (MACC) today to investigate 64 parcels of land sold by Kuala Lumpur City Hall (DBKL) under the purview of the former Federal Territories minister Datuk Seri Tengku Adnan Tengku Mansor from 2013 to 2018.
Ewein ups stake in Penang developer
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.
Phase 2 of Maybank’s HouzKEY to focus on secondary market
KUALA LUMPUR (May 15): Maybank Islamic Bhd’s HouzKEY, Malaysia’s first bank-initiated rent-to-own (RTO) scheme, will launch its second phase which will see the scheme being expanded to cover properties on the secondary market.
Enra sells 70% stake in property development firm for RM5.6m
KUALA LUMPUR (May 14): Enra Group Bhd has disposed of its 70% stake in property development firm Landmark Zone Sdn Bhd (LZSB) for RM5.
Octogenarian paid US$28.43 a month rent for Manhattan apartment
KUALA LUMPUR (May 15): New York is known for its high rents, but a recent report revealed that a tenant in Manhattan (pictured) was actually paying US$28.
S P Setia nets RM1.1b sales in 1Q, upbeat on meeting RM5b FY18 target
KUALA LUMPUR (May 15): S P Setia Bhd has secured sales of RM1.
Savills Malaysia: Housing prices to firm up in 2019
PETALING JAYA (May 14): Property consultancy Savills Malaysia expects housing prices to firm up in 2019, with real estate developers only able to increase supply by early 2020, following renewed confidence in the market from the new government’s promise of clean and fair governance.
Penang to ask SPAD to give priority to LRT project, says Chow
GEORGE TOWN (May 14): The Penang government said it will push for the light rail transit (LRT) project under the RM27 billion Penang Transport Master Plan to be given priority by the Land Transport Commission (SPAD).
Excellent property management key to strata living
KUALA LUMPUR (May 12): The key to strata living is how well the property is managed because the condition of the building will significantly determine the value of your investment, said EdgeProp.
