Construction will be our game changer — Voir
KUALA LUMPUR (Nov 21): Apparel retailer Voir Holdings Bhd, which is turning to construction to diversify its earnings by taking up a stake in Consortium Zenith Construction Sdn Bhd, the special purpose vehicle (SPV) that is executing the RM6.
Johari: No U-turn in approval freeze on luxury property projects
KUALA LUMPUR (Nov 21): Second Finance Minister Datuk Seri Johari Abdul Ghani reiterated the need for Malaysia's freeze on development approvals for shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million, to safeguard the banking sector.
UEM Sunrise 3Q net profit jumps 2.4 times
KUALA LUMPUR (Nov 20): UEM Sunrise Bhd, whose third-quarter net profit jumped 2.
Suncon 3Q net profit up 11% on construction segment boost
KUALA LUMPUR (Nov 20): Sunway Construction Group Bhd (SunCon), the country's largest pure-play construction group, saw its net profit rise 11.
A debatable freeze
KUALA LUMPUR (Nov 21): Freezing approvals for applications to build shopping malls, offices, serviced apartments and luxury condominiums, which came into effect on Nov 1, will artificially push supply into a certain market, some property developers argue.
More than 50% of PR1MA homes open for sale have been sold
PETALING JAYA (Nov 21): Perbadanan PR1MA Malaysia (PR1MA) has clarified that not all of the 141,161 PR1MA housing units that are currently under various stages of construction are open for sale.
Malton 1Q net profit jumps four times on gain from a revoked deal
KUALA LUMPUR (Nov 20): Malton Bhd saw its net profit for the first financial quarter ended Sept 30, 2017 (1QFY18) surge four times year-on-year to RM25.
Too premature to ascertain luxury development freeze on JV projects — SD Property
KUALA LUMPUR (Nov 20): Sime Darby Property Bhd, which would be listed on Nov 30, said it will evaluate the effects of newly-announced federal government freeze on luxury properties, on its joint-venture projects.
Eligible house loan applicants will not be rejected, says Association of Banks in Malaysia
KUALA LUMPUR (Nov 20): The Association of Banks in Malaysia (ABM) has reiterated that its member banks “have been and will continue to” provide home loans to all eligible borrowers, said the association in a statement issued today to rebut claims that commercial banks are imposing strict rules on home loan applicants.