GuocoLand 1Q net profit more than doubles on stronger property, hotel earnings
Earnings per share for the first quarter ended Sept 30, 2025 (1QFY2026) improved to 0.
Earnings per share for the first quarter ended Sept 30, 2025 (1QFY2026) improved to 0.
Sunway REIT said the sale is part of its ongoing capital recycling strategy to optimise portfolio quality and long-term value creation.
The sale was completed on Oct 24, Mulpha noted.
Looking ahead, Berjaya Land expects improved performance in its domestic segments, supported by stronger consumer spending and recovering tourism.
Mah Sing plans to redevelop the land into high-end serviced apartments with an estimated gross development value (GDV) of RM1.
It is learnt that MUI is fetching a price in the range of RM250 million to RM280 million for the four-star hotel that is a stone’s throw from the Petronas Twin Towers.
Exsim Hospitality’s unit, Mana Mana Holdings Sdn Bhd, will manage the 15-month refurbishment for a fixed fee of RM220,000.
The renovation will take 18 months and is slated for completion in December 2026.
SUNDAY Hotel was originally launched in May 2023 in India by a joint venture between Softbank and Oravel Stays.