Axis REIT's 3Q NPI falls 3% on higher opex
KUALA LUMPUR (Oct 24): Axis Real Estate Investment Trust (REIT) saw its net property income (NPI) fall 3% to RM35.
Stamp duty exemption should be extended to property purchases up to RM500,000
PETALING JAYA (Oct 24): The Real Estate and Housing Developers’ Association Malaysia (Rehda) deputy secretary general Tan Ching Meng urged the government to extend the zero stamp duty to property transfers worth up to RM500,000 from RM300,000.
‘Developers are not making obscene profits’
PETALING JAYA (Oct 24): Contrary to popular belief, property developers in Malaysia are not making huge profits, said Real Estate and Housing Developers' Association Malaysia (Rehda) deputy president Datuk Soam Heng Choon (pictured).
Eversendai's order book swells to RM2.5 bil after landing RM1.8 bil contracts
KUALA LUMPUR (Oct 24): Eversendai Corp Bhd's order book swelled to RM2.
I-Bhd's 3Q net profit up 162% on property development
KUALA LUMPUR (Oct 24): I-Bhd's net profit grew 162% to RM22.
SkyWorld considers listing by 2019
KUALA LUMPUR (Oct 24): SkyWorld Development Sdn Bhd is considering listing on Bursa Malaysia by 2019 to capitalise on its tangible and intangible assets.
SkyWorld, DBKL to upgrade road infrastructure at SkyArena, Setapak
KUALA LUMPUR (Oct 24): SkyWorld Development Sdn Bhd and Kuala Lumpur City Hall (DBKL) will be upgrading the road infrastructure leading to and from the SkyArena integrated development in Setapak, Kuala Lumpur and the surrounding areas.
Sime Darby Property declares war on Aedes
SHAH ALAM (Oct 24): Sime Darby Property launched a campaign against Aedes mosquitos yesterday, involving Denai Alam and Bukit Subang residents with the aim to stop the breeding of Aedes mosquitos through good upkeeping of the townships’ surroundings.
East Coast Rail Line to benefit construction sector, say analysts
KUALA LUMPUR (Oct 24): Construction analysts see the proposed RM55 billion East Coast Rail Line project as the only excitement in Budget 2017.
