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.
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.
IJM invests RM500m in Menara Prudential in TRX
PETALING JAYA (Nov 21): IJM Corp Bhd (IJM) is developing Menara Prudential at the international financial district Tun Razak Exchange (TRX), said IJM and TRX City Sdn Bhd in a press statement today.
Land & General rises on 2Q results
KUALA LUMPUR (Nov 21): Land & General Bhd (L&G) rose as much as 0.
Zecon falls 7.55% after disposal of stake in unit postponed
KUALA LUMPUR (Nov 21): Shares in Zecon Bhd fell 7.