Slump in construction drags Vivocom's 1Q profit down 74%
KUALA LUMPUR (May 31): Vivocom International Holdings Bhd's net profit fell 74% to RM5.
LBS Bina still positive on China joint venture
KUALA LUMPUR (May 31): LBS Bina Group Bhd has said it is still positive on its joint venture with China's local investment arm Zhuhai Jiuzhou Group Holdings Ltd, as the company expects to obtain planning and layout approvals for the project within the next few months.
AZRB 1Q net profit up 45.7% on improved margin, higher property revenue
KUALA LUMPUR (May 30): Ahmad Zaki Resources Bhd's (AZRB) first-quarter net profit rose 45.
Rastam Isa retires as Tropicana Corp chairman
KUALA LUMPUR (May 30): Tan Sri Rastam Isa has retired from his position as independent and non-executive chairman of property developer Tropicana Corp Bhd.
Sunway 1Q net profit up 5.7% on better performance in most segments
KUALA LUMPUR (May 30): Sunway Bhd’s net profit rose 5.
Rush to launch Melbourne projects
PROPERTY developers with residential projects in Melbourne, Victoria are actively launching them ahead of July 1, when new punitive property cooling measures kick in.
Losses mount in resale market in Singapore
The take-up rate of new homes, as measured by the sales-to-launch ratio, has dropped from 117% in March to 96% last month, notes Nicholas Mak, executive director of research and consultancy at SLP International.
Malaysia prime land development is attractive, says List Sotheby's
KUALA LUMPUR (MAY 24): Many foreign ultra-high-net-worth individuals (UHNWIs) are looking at Malaysia’s residential properties on prime locations, drawn by the weak ringgit.
Signs of recovery in high-end condo segment in Singapore
Even on a weekday afternoon, real estate agents are ubiquitous at Gramercy Park: waiting for their clients at the basement carpark; touring the 170,000 sq ft manicured grounds, which include a 50m pool and clubhouse; or viewing the new show suites at the South Tower with prospective buyers.
