Vivocom bags RM143m job to build affordable homes
KUALA LUMPUR (Jan 4): Vivocom Intl Holdings Bhd has bagged an RM143 million contract from Almaventures Development Sdn Bhd to build a 44-storey block housing 902 units of affordable housing, with seven floors of car park, on Jalan Gombak, Setapak here.
Faber Towers up for sale
PETALING JAYA (Dec 30): OSK Holdings Bhd has put Faber Towers in Taman Desa, Kuala Lumpur, on the market as it seeks to monetise some of its assets, reported The Edge.
TAHPS will be renamed Ayer Holdings
KUALA LUMPUR (Dec 28): TAHPS Group Bhd will be renamed Ayer Holdings Bhd effective 9am on Jan 3, 2018.
Selangor Properties 4QFY17 profit down 64%
KUALA LUMPUR (Dec 28): Selangor Properties Bhd’s net profit in the fourth quarter ended Oct 31, 2017 (4QFY17) fell 64.
Hua Yang to develop a mixed development in Kajang
PETALING JAYA (Dec 27): Hua Yang Bhd has announced today that it will undertake a mixed development project comprising serviced apartments, retail units and affordable homes located between Kajang and Bandar Baru Bangi with an estimated GDV of RM800 million.
Developers’ margin woes to stay
KUALA LUMPUR (Dec 22): Property developers may need to brace for a sustained low-margin environment next year as they continue building new affordable homes that are expected to crimp their margins.
JKG Land's 3Q back in black with RM2.7m net profit on property development gains
KUALA LUMPUR (Dec 21): Stronger property development contribution lifted JKG Land Bhd’s earnings.
Revision of stamp duty plan for luxury properties good news for sector, says MIDF Research
KUALA LUMPUR (Dec 21): The government's revised plan to maintain the stamp duty for luxury properties at 3% is positive for the property sector, according to MIDF Amanah Investment Bank Bhd Research.
Hening at Putrajaya 40% booked during weekend launch
PUTRAJAYA (Dec 19): Putra Perdana Development Sdn Bhd’s (PPD) latest landed development launch, Hening, was 40% booked over the weekend following its official launch on Saturday (Dec 16).