Gabungan AQRS 1Q Patmi in line on higher project recognition
Gabungan AQRS Bhd (May 15, 88 sen) Maintain buy with a target price (TP) of RM2.
Ideas: Property-related election pledges may hurt real estate market
PETALING JAYA (May 15): Election pledges made by the new Pakatan Harapan (Pakatan) government regarding affordable housing and the property market at large may hurt the industry as the new government seeks to further control the market which could potentially prevent its self-correction, said Institute for Democracy and Economic Affairs (Ideas) senior fellow Dr Carmelo Ferlito.
Phase 2 of Maybank’s HouzKEY to focus on secondary market
KUALA LUMPUR (May 15): Maybank Islamic Bhd’s HouzKEY, Malaysia’s first bank-initiated rent-to-own (RTO) scheme, will launch its second phase which will see the scheme being expanded to cover properties on the secondary market.
Matrix Concepts to jointly develop Islamic financial district in Jakarta
PETALING JAYA (May 15): Matrix Concepts Holdings Bhd today signed a Memorandum of Understanding (MoU) to jointly undertake the development of an Islamic financial district in Pantai Indah Kapuk 2 (PIK 2) Sedayu Indo City, Jakarta, Indonesia.
Enra sells 70% stake in property development firm for RM5.6m
KUALA LUMPUR (May 14): Enra Group Bhd has disposed of its 70% stake in property development firm Landmark Zone Sdn Bhd (LZSB) for RM5.
Cahya Mata Sarawak 1Q net profit up 50.7% to RM38.98m owing to OM Materials' turnaround
KUALA LUMPUR(May 15): Sarawak state infrastructure facilitator Cahya Mata Sarawak Bhd (CMSB) saw its net profit for the first quarter ended March 31, 2018 (1QFY18) surge 50.
Octogenarian paid US$28.43 a month rent for Manhattan apartment
KUALA LUMPUR (May 15): New York is known for its high rents, but a recent report revealed that a tenant in Manhattan (pictured) was actually paying US$28.
YTL Corp’s ability to meet its order book target in the near term in doubt
TL Corp Bhd (May 14, RM1.
S P Setia nets RM1.1b sales in 1Q, upbeat on meeting RM5b FY18 target
KUALA LUMPUR (May 15): S P Setia Bhd has secured sales of RM1.
Savills Malaysia: Housing prices to firm up in 2019
PETALING JAYA (May 14): Property consultancy Savills Malaysia expects housing prices to firm up in 2019, with real estate developers only able to increase supply by early 2020, following renewed confidence in the market from the new government’s promise of clean and fair governance.
