Its property development segment also saw an increase in operating profit to RM37 million from RM25 million a year ago, as revenue rose to RM384 million from RM240 million.
Excluding the exceptional losses, net profit for 4QFY2024 would be RM286 million, according to KLK.
Current demand for properties is primarily driven by local buyers, E&O managing director Kok Tuck Cheong told reporters after the release of the group's results for the second quarter ended Sept 30, 2024 (2QFY2025).
DONE DEAL: Shop, Aurora Place, Bukit Jalil, Kuala Lumpur DONE DEAL: Shop, Taman Puchong Intan, Puchong, Selangor Average transacted prices for properties in Desa ParkCity have seen an increase of approximately 61.
Each unit offers a layout with a minimum built-up area of 1,867 sq ft, “providing a practical and open concept layout that invites customisation and personalisation.
The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT) — declared a dividend of 9.
A three-member bench, led by COA judge Datuk Supang Lian, said it was unanimous in its decision to allow the application, while also giving the nod to parties to file a supplemental record of appeal containing measures subsequent to the High Court’s decision dated Oct 9, 2023.
Launched in May this year, phase one of KL Wellness City comprises KL International Tertiary Hospital (KLIH) and The Nobel Healthcare Park.
The group saw total sales of RM3.
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According to Radium, the land is within a transit-oriented development (TOD) zone “offering direct connectivity to the MRT Taman Pertama station (merely 100 meters away)” which “positions Radium to capitalise on the growing demand for integrated, well-connected urban developments”.
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