AME Elite stands to benefit from the potential inflows of FDI, says Kenanga
KUALA LUMPUR (Aug 21): Kenanga Research said AME Elite Consortium Bhd (AME) stands to benefit from the potential inflows of FDI given the escalating US-China tension.
50% of Oliveria phase 2B sold within one month
PETALING JAYA (Aug 20): S P Setia’s recently launched Oliveria phase 2B in Setia Safiro has seen 50% out of the 82 units being taken up by buyers after it was launched on July 25, 2020.
Guocoland posts ninth straight quarterly loss, dragged by loss on investment and tax provision
KUALA LUMPUR (Aug 20): Guocoland (Malaysia) Bhd, the property development arm of the Hong Leong Group, has posted its ninth consecutive quarterly loss despite a sharply higher revenue.
Tropicana Corp 2Q profit rises after disposal of JB land
KUALA LUMPUR (Aug 20): Tropicana Corp Bhd’s second quarter net profit jumped 371% from the immediate preceding quarter, thanks to the disposal of two parcels of freehold land in Johor Bahru for RM248.
DONE DEAL: Bungalow, Taman Shanghai, Old Klang Road, KL
Sold for: RM4 million (RM417 psf against land size) Concluded by: Neville Peter Massang (REN 24547) (012-201 9216) of I-Prop Realty (USJ) Sdn Bhd When: May 2020 Noteworthy: ● Freehold ● Land size: 9,583 sq ft; Built-up size: 4,094 sq ft ● 6 bedrooms; 5 bathrooms ● Partly furnished with ceiling fans, lightings, curtains, kitchen cabinets and wardrobes.
Malaysia's new Covid-19 cases rise to 16, mostly from Tawar and Sala clusters
KUALA LUMPUR (Aug 19): New Covid-19 cases in Malaysia rose to 16 — from seven reported yesterday — with the majority of them coming from the Sala and Tawar clusters that originated in Kedah.
CIMB and Berjaya Sompo offer new Secure Home online insurance plan
KUALA LUMPUR (Aug 19): CIMB Bank Bhd has collaborated with Berjaya Sompo Insurance Bhd to introduce an online all-risk protection insurance plan called Secure Home.
Gagasan Nadi Cergas 2Q net profit down 77% as MCO halt construction activities
KUALA LUMPUR (Aug 19): Construction group and concessionaire Gagasan Nadi Cergas Bhd saw its net profit fall 76.
RICS and MIPFM form strategic partnership to promote continuing education of built environment
PETALING JAYA (Aug 19): Royal Institution of Chartered Surveyors (RICS) and Malaysian Institute of Property and Facility Managers (MIPFM) today signed a Memorandum of Understanding (MoU) to form a partnership in supporting the continuing education of the built environment in the country.
KL33 Properties introduces industry’s first Covid-19 secure office
KUALA LUMPUR (Aug 19): KL33 Properties today unveiled the industry’s first ‘Covid Secure’ office space at Menara KL33, an integrated commercial building located in Kuala Lumpur Golden Triangle.
