Guocoland 2Q profit jumps on land sale
KUALA LUMPUR (Jan 19): Gain from one land sale has lifted Guocoland (M) Bhd’s net profit to RM110.
Sime Darby confirms cancellation of RM3.5 bil Indonesian housing project
KUALA LUMPUR (Jan 18): Sime Darby Bhd today confirmed that the conglomerate and two other property groups, SP Setia Bhd and I&P Group Sdn Bhd, have aborted their plans to jointly develop an affordable housing project in Indonesia worth 11.
Gadang to build RM700m residential project within Kwasa Damansara
KUALA LUMPUR (Jan 18): Kwasa Land Sdn Bhd, the master developer of the Kwasa Damansara township here, has awarded the development rights of a 21.
TA Securities expects market headwinds to persist for property sector
KUALA LUMPUR (Jan 18): TA Securities Research has maintained its “Underweight” rating on the property sector, as “weak market sentiment, increasing supply and tight lending environment are expected to weigh on property sales”.
Ekovest may rise higher, says RHB Retail Research
KUALA LUMPUR (Jan 18): RHB Retail Research said Ekovest Bhd may rise higher after posting a long white candle and hitting its highest close in nearly two months.
A tale of three markets
THIS year will see acquisitions and mergers for some developers in Malaysia.
S P Setia, Sime Darby, I&P abort affordable housing JV in Jakarta with PT Hanson International
KUALA LUMPUR (Jan 17): Property developer S P Setia Bhd announced today that S P Setia (Indonesia), Sime Darby Bhd and I&P Group Sdn Bhd have decided not to pursue the joint venture with Indonesia’s PT Hanson International Tbk to jointly develop an affordable housing project in Greater Jakarta, Indonesia.
Ekovest bags RM6.32b job to build highway
KUALA LUMPUR (Jan 17): Construction company Ekovest Bhd wins a RM6.
City Developments set to pounce on more acquisitions
SINGAPORE (Jan 17): City Developments is expected to pounce on more acquisition opportunities this year to capitalise on the current market weakness, says RHB.
M101 Holdings appoints China Huashi as Skywheel’s main contractor
KUALA LUMPUR (Jan 17): M101 Holdings Sdn Bhd has appointed China Huashi Enterprises Co, Ltd as the main contractor for the M101 Skywheel development, which carries an estimated gross development value (GDV) of RM1.
