S P Setia’s 2Q net profit triples, pays four sen dividend
KUALA LUMPUR (June 16): S P Setia Bhd’s net profit for the second quarter ended April 30, 2015 (2QFY15) jumped 206% to RM227.
PROPERTY SNAPSHOT What’s affordable in Jalan Ipoh?
• Jalan Ipoh is one of the oldest roads leading to Kuala Lumpur’s city centre, with the main road flanked by older shophouses while the residential landscape consists primarily of low-density terrace houses and some apartments / condominiums.
Tabung Haji yet to sell 1MDB’s TRX land despite claims of ready buyers
KUALA LUMPUR (June 15): Pilgrims fund Lembaga Tabung Haji has yet to finalise the sale of its parcel of land at the Tun Razak Exchange (TRX) project, which it bought from 1Malaysia Development Bhd (1MDB) in April, Putrajaya said today.
Putrajaya offers incentives for more affordable homes
KUALA LUMPUR (June 15): Developers will be offered charge reduction incentives and green lane to speed up development approvals to build more affordable homes in the Federal Territory.
Insider Asia’s Stock Of The Day: Crescendo Corporation
CRESCENDO CORPORATION BHD PROPERTY stocks may under-perform in the near to medium term, following cooling measures, weak consumer confidence and oversupply concerns, including in Iskandar Malaysia (IM).
Selangor to discuss building plan approval for Atria’s public facilities
PETALING JAYA (June 15): The Selangor state government will soon be discussing a building plan application by OSK Properties for public facilities to be constructed on state land adjacent to the revitalised Atria Damansara project in Damansara Jaya, Petaling Jaya.
Hua Yang remains confident amid challenges
KUALA LUMPUR (June 15): Property developer Hua Yang Bhd remains confident that its projects will continue to do well despite the difficult outlook for the sector, moving forward, as it focuses on affordable offerings.
PROPERTY SNAPSHOT Renewed interest in Jalan Ipoh
• This week, the spotlight falls on non-landed residences along one of Kuala Lumpur’s main arterial roads, Jalan Ipoh.
