Crescendo sees better earnings in FY18
KUALA LUMPUR (July 31): Crescendo Corp Bhd expects its property development division to lift earnings higher in the current financial year ending Jan 31, 2018 (FY18).
Axis REIT’s net property income increases 1.8% in 2Q, declares 2.17 sen DPU
KUALA LUMPUR (July 25): Axis Real Estate Investment Trust’s (Axis REIT) net property income grew marginal to RM36.
Construction job awards expected to pick up
Construction sector Maintain positive: Job award momentum is expected to pick up again in the second half of 2017 (2H17) and into 2018.
Malaysia offers many pull factors for foreign property purchasers
PETALING JAYA (July 21): Malaysia is a very attractive country for foreigners to purchase properties, according to lawyer and managing partner of Chur Associates Chris Tan.
Sogo expands to Johor Bahru
KUALA LUMPUR (July 18): Sogo Malaysia has agreed with IGB Corp Bhd to be the major department store anchor in the new Mid Valley Megamall at Southkey, extending Sogo's reach into Johor Bahru.
Property market to remain challenging this year
Property sector Maintain neutral: Granted, the share price of most of the property developers have moved up this year, which we believe is due to renewed buying interest in laggards and overall improved market risk appetite rather than on signs of recovery in operating conditions.
In-depth study on unsold low-cost homes needed
KUALA LUMPUR (July 14): The Real Estate and Housing Developers’ Association (Rehda) said an in-depth study on unsold low-cost homes needs to be done, in response to a suggestion that the Johor government should buy up unsold units to help out property developers.
