MBSB 3Q earnings surge 74% on lower loan impairment allowance
KUALA LUMPUR (Nov 24): Malaysia Building Society Bhd’s (MBSB) net profit surged 73.
Genting Malaysia third-quarter net profit drops 65%
KUALA LUMPUR (Nov 24): Genting Malaysia Bhd’s net profit dropped 65.
Genting 3Q earnings dragged by impairment and expenses
KUALA LUMPUR (Nov 24): Genting Bhd’s earnings for the third financial quarter ended Sep 30, 2017 (3QFY17) went down 66.
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DONE DEAL: Ken Damansara 3 condo unit, Petaling Jaya, Selangor
Sold for: RM640,000 (RM605 psf) Concluded by: Teoh Peng Peng (PEA1696) of Hartamas Real Estate Sdn Bhd (018-206 7122) When: June 16, 2017 Noteworthy: ● Freehold ● 1,057 sq ft ● Three bedrooms and two bathrooms ● Partly-furnished with kitchen cabinet ● Facilities include swimming pool, gym room, children’s playground, 24-hour security and cafeteria ● Accessible via Damansara-Puchong Expressway (LDP), Sprint Expressway, Federal Highway and Jalan Universiti Located within Petaling Jaya’s vibrant SS2 neighbourhood, Ken Damansara 3 is a freehold condominium developed by Ken Holdings Bhd.
Gabungan AQRS 3Q net profit surges 83%, declares two sen dividend
KUALA LUMPUR (Nov 23): Gabungan AQRS Bhd reported an 83% surge in net profit to RM9.
India bags LafargeHolcim Awards Gold Asia Pacific 2017
KUALA LUMPUR (Nov 23): The White Rabbit — Home for Marginalised Children in Thane, India is the gold winner for the LafargeHolcim Awards 2017 Asia Pacific region.
PEPS supports conditional freeze on development of building
KUALA LUMPUR (Nov 23): The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) supports the government in imposing a freeze on the development of buildings, but it is of the view that it should not be a country-wide blanket freeze.
Maybank Islamic's rent-to-own scheme features five developers
KUALA LUMPUR (Nov 23): Five established developers — S P Setia Bhd (SP Setia), Eco World Development Group Bhd (EcoWorld), Mah Sing Group Bhd, Gamuda Land and Sime Darby Property — are participating in Maybank Islamic Bhd's HouzKEY, the first bank-initiated rent-to-own (RTO) product in Malaysia.
100% stamp duty exemption on SPA for bank-initiated RTO schemes
KUALA LUMPUR (Nov 23): To encourage more financial institutions to offer rent-to-own (RTO) as an alternative home financing solution, the government will grant a 100% stamp duty exemption on the sale and purchase agreements (SPA) to homebuyers who attain homeownership under these schemes.
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Malaysia’s first-of-its-kind rent-to-own scheme
Forking out the 10% to 15% down payment for a home and securing a home loan often pose quite a challenge to homebuyers.
