UEM Sunrise exceeds launch and sales targets for 2023
Total revenue of RM605 million; 76% from property development activities.
Increased optimism for 1H2024, despite neutral outlook for the rest of 2H2023 by developers — Rehda
Having emerged from the pandemic a year ago with everything continuing to normalise and getting better, and with elections out of the way, developers are optimistic about the next year.
Kerjaya Prospek’s 2Q earnings up 10% on record quarterly revenue
In a bourse filing on Friday (Aug 18), Kerjaya Prospek said its revenue grew 11.
Genting’s Resorts World Sentosa set to benefit from return of Chinese travellers — report
In a report on Thursday (Aug 17), Inside Asian Gaming magazine cited analysts as saying that the influx of Chinese tourists bodes well for Singapore’s two integrated resorts — Marina Bay Sands and RWS — after each booked strong financial results for the June 2023 quarter.
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Plenitude buys second hotel in Seoul for RM114 mil
The company said its first hotel in that country, Travelodge Myeongdong Euljiro, has been registering an occupancy rate of above 80% and an average daily rate of more than 90,000 won (RM320) since January.
Puncak Niaga to sell three plots of land in Ijok at a loss for RM306 mil cash
The group is expected to record a net loss of about RM22.
Sunway REIT’s 2Q NPI rises 9%; declares 4.62 sen DPU
For the first half ended June 30, Sunway REIT’s NPI advanced 12.
Perak Corp, private firm ARX-YSC to jointly develop land in Perak four years after JV agreement
In a filing with Bursa Malaysia on Thursday (Aug 17), Perak Corp said it had on Wednesday entered into a supplemental agreement to the JVA entered into on Sept 10, 2019 with ARX-YSC to vary certain terms of the JV.
Cracking the credit code: Tips for building a strong credit score
A good credit score broadens your loan options, gets you better terms such as faster credit approval, better interest rates and higher loan amounts.
Rehda suggests banks consider cross-subsidising housing loans to B40 community
Datuk NK Tong: Just as developers have cross-subsidised affordable housing, perhaps financial institutions can be encouraged to look at cross subsidies to help finance affordable housing or set up a special fund or quota to give home loans to borrowers in lower income categories (B40 group).
