GuocoLand 4Q net profit down y-o-y after asset sale last year
KUALA LUMPUR (April 19): GuocoLand (Malaysia) Bhd saw a 38% decline in net profit for its third financial quarter ended March 31, 2017 (3QFY17) to RM8.
Education group to set up campuses in EcoWorld townships
PUNCAK ALAM (April 19): Eco World Development Group Bhd (EcoWorld) today signed two memoranda of understanding (MoUs) with Brainy Bunch International Islamic Montessori for the sale of lands at its mixed development townships to the latter, at a price to be determined later.
ML Global eyes more JVs, land buys to undertake property projects
KUALA LUMPUR (April 19): ML Global Bhd, which is planning to diversify into property development and investment, says it is in the midst of exploratory talks to buy more lands and to undertake more joint ventures to develop small to medium scale projects.
Occupancy rate for KL offices down to 77.9% as at end-2016
PETALING JAYA (April 18): The average occupancy rate for offices in Kuala Lumpur declined to 77.
AmanahRaya REIT aims to buy 'trophy assets', eyes KL office tower
KUALA LUMPUR (April 18): AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) aims to acquire “trophy assets” in the immediate term, despite the softening property market, said Amanah Raya Bhd’s (ARB) group managing director Adenan Md Yusof.
Better property development contribution lifts I-Bhd's 1Q earnings
KUALA LUMPUR (April 18): I-Bhd posted a 21% rise in net profit for the first quarter ended March 31, 2017 (1QFY17) to RM18.
Landmarks to raise up to RM36.93m via private placement
KUALA LUMPUR (April 18): Landmarks Bhd is proposing a private placement to raise as much as RM36.
Ratio of housing loan applications to approvals rose in 2016
PETALING JAYA (April 18): The number of loan applications for residential property purchases totalled 168,154.
Napic: Malaysian property market weakens further, overhang up 44%
KAJANG (April 18): The overall property market slowdown had worsened in 2016 with a decline in transaction volume by 11.
Govt to build 4,800 apartments for youths
PUTRAJAYA (April 18): The ministry of urban wellbeing, housing and local government will build 4,800 units of studio apartment for youths, on its land in Batu district, Kuala Lumpur.
