Matrix Concepts’ unbilled sales surge to RM540 mil in 2Q
Matrix Concepts Holdings Bhd (Aug 11, RM2.
Sunway REIT’s 4Q net profit soars 52%, declares DPU of 2.05 sen
KUALA LUMPUR (Aug 12): Sunway Real Estate Investment Trust (REIT) reported a 52% year-on-year jump in net profit to RM357.
Affin’s land deal is affordable but pricey
KUALA LUMPUR (Aug 12): Besides the bearish market sentiment, the purchase of land in Tun Razak Exchange (TRX) at a record high transaction price has accelerated the fall in Affin Holdings Bhd’s share price, which hit a 3½-year low yesterday.
Weakened ringgit draws foreign interest to Kota Kinabalu: Knight Frank
KUALA LUMPUR (Aug 12): The weakened ringgit has spurred increased interest from foreign buyers in Kota Kinabalu’s property market, particularly for luxury properties priced at RM1,000 psf and above, and prime land in the city area, according to Knight Frank Malaysia Real Estate Highlights 1H2015.
Seminar to promote understanding of Strata Management Act
GEORGE TOWN (Aug 11): Penang Chinese Chamber of Commerce is holding a seminar on the Strata Management Act 2013 at the Tan Kok Ping Hall on its premises in Lebuh Light, George Town, on Aug 21.
GST operational issues affecting property developers
GEORGE TOWN (Aug 11): Property developers are still faced with operational issues that come with the implementation of the Goods and Services Tax (GST), after the consumption tax came into force four months ago.
Bangkok to welcome Best Western Plus Wanda Grand Hotel in 4Q
BANGKOK (Aug 11): Best Western International will be introducing Best Western Plus Wanda Grand Hotel in northern Bangkok in the fourth quarter of this year.
Affin Bank buys land from 1MDB
KUALA LUMPUR (Aug 11): Affin Bank Bhd, which is controlled by Lembaga Tabung Angkatan Tentera (LTAT), is paying RM255 million cash to buy a parcel of land in the Tun Razak Exchange (TRX) — a property development project wholly owned by 1Malaysia Development Bhd (1MDB).
