Suncon 3Q net profit up 11% on construction segment boost
KUALA LUMPUR (Nov 20): Sunway Construction Group Bhd (SunCon), the country's largest pure-play construction group, saw its net profit rise 11.
More than 50% of PR1MA homes open for sale have been sold
PETALING JAYA (Nov 21): Perbadanan PR1MA Malaysia (PR1MA) has clarified that not all of the 141,161 PR1MA housing units that are currently under various stages of construction are open for sale.
Eligible house loan applicants will not be rejected, says Association of Banks in Malaysia
KUALA LUMPUR (Nov 20): The Association of Banks in Malaysia (ABM) has reiterated that its member banks “have been and will continue to” provide home loans to all eligible borrowers, said the association in a statement issued today to rebut claims that commercial banks are imposing strict rules on home loan applicants.
IOI Properties 1Q profit up 28% on better earnings from core businesses
KUALA LUMPUR (Nov 20): IOI Properties Group Bhd’s net profit jumped 28.
PDP tender for KL-Singapore HSR to be called on Nov 22
KUALA LUMPUR (Nov 20): A tender to appoint the project delivery partner (PDP) for the Kuala Lumpur-Singapore high speed rail (HSR) project will be called on Nov 22.
Lack of clarity an issue in development freeze directive
PETALING JAYA (Nov 20): There is still a lot of ambiguity in the new ruling to freeze approvals for four types of developments in Kuala Lumpur, said Zerin Properties CEO Previndran Singhe.
Govt now says luxury development freeze not absolute
PETALING JAYA (Nov 20): The Cabinet directive to Dewan Bandaraya Kuala Lumpur (DBKL) to freeze approvals for luxury developments is not absolute, as projects will be evaluated on a case-by-case basis.
Sime Darby to review investment-grade rating after demerger exercise
KUALA LUMPUR (Nov 20): Sime Darby Bhd will review its investment-grade rating after spinning off its cash-generating plantation and property units, which will be separately listed on Bursa Malaysia on Nov 30.
JKG Land and BMS Organics hold ‘Go Green Live Healthy’ event
PETALING JAYA (Nov 20): JKG Land and BMS Organics held a ‘Go Green Live Healthy’ event on Saturday (Nov 18) at The ERA development located at Duta North, Jalan Segambut.
CIMB: Malaysia's move to freeze luxury property project approval 'positive'
KUALA LUMPUR (Nov 20): CIMB Investment Bank Bhd said Malaysia's move to freeze approvals for development of shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million here, will address the oversupply situation in the country's property market.
