MBSB's 1Q net profit slumps by 71.98% on higher impairment allowances
KUALA LUMPUR (May 11): Malaysia Building Society Bhd (MBSB)’s net profit for the first quarter ended March 31, 2016 (1QFY16) slumped by 71.
LBS Bina's takeover offer of ML Global deemed not fair, not reasonable - independent adviser
KUALA LUMPUR (May 11): Property company LBS Bina Group Bhd's unconditional mandatory takeover offer of ML Global Bhd at 56 sen per share and six sen per warrants was deemed as not fair and not reasonable by independent adviser MainStreet Advisers Sdn Bhd.
Making housing more accessible
TAN Sri Datuk Sri Leong Hoy Kum expects the local property market to hit a turning point soon and anticipates demand to pick up in the second half.
I’m here to crack the whip, says TA Global’s Joo Kim
AFTER spending the most of the last seven years jetting back and forth between Vancouver, Canada, and Kuala Lumpur, the 36-year-old new CEO of TA Global Bhd, Tiah Joo Kim (pictured) — the third child and eldest son of chairman Datuk Tony Tiah and his wife Datin Tan Kuay Fong — says he is now back in town to “crack the whip” and get the group’s property projects moving.
PROPERTY SNAPSHOT 3: What are developments priced in Cheras?
• Today, we continue our focus on Cheras in Kuala Lumpur by looking at average prices on a per square foot (psf) basis.
Enra Group calls off stake sale in Landmark Zone; to renegotiate
KUALA LUMPUR (May 10): Enra Group Bhd [formerly Perduren (M) Bhd] said it has mutually agreed to terminate a share sale agreement (SSA) with Meridian Hectares Sdn Bhd to dispose of a 30% stake in property developer Landmark Zone Sdn Bhd to the latter for RM13.
JLL: Asia Pacific cities dominate world’s luxury retail destinations
PETALING JAYA (May 10): Seven out of ten cities with the highest presence of luxury retailers are in the Asia Pacific, said international real estate services firm JLL in its recently-published “Destination Retail 2016” report.
Kerjaya Prospek to bag contract worth RM300 mil from BCB
KUALA LUMPUR (May 9): Kerjaya Prospek Group Bhd (formerly Fututec Bhd) is set to win a contract worth RM300 million from property developer BCB Bhd to build a major high-rise project in Iskandar Malaysia, Johor, according to sources.
New CEO for Berjaya Hotels & Resorts
KUALA LUMPUR (May 10): Berjaya Hotels & Resorts Sdn Bhd said in a statement yesterday it had appointed Hanley Chew (pictured) as its chief executive officer (CEO), effective April 1.
