Paramount sets higher sales target for 2016 despite slowdown
KUALA LUMPUR (Feb 26): Paramount Corp Bhd, which saw its full-year 2015 net profit climb 8.
DONE DEAL: Office unit in The Vertical, Bangsar South, KL
Rented for: RM4,695 per month or RM5 psf (including 6% GST) Concluded by: Jaimie Lee of Property Hub Sdn Bhd (012-281 9182) When: December 2015 Noteworthy: * Built-up: 939 sq ft * The only unit with this built-up on the entire floor * High floor, facing east overlooking the Pantai area * Partly furnished with air-conditioning units, flooring and pantry * MSC-status-certified office building The Vertical comprises two office buildings and the above mentioned unit is located in The Vertical II Office Suites, also known as Tower B.
SP Setia achieves RM918.3m net profit in 14-month period, plans 19 sen dividend
KUALA LUMPUR (Feb 25): SP Setia Bhd achieved a net profit of RM208.
Selangor Properties to see flat earnings growth in FY16
KUALA LUMPUR (Feb 25): Selangor Properties Bhd (Selangor Prop) expects the group's earnings growth to remain flat in its current financial year ending Oct 31, 2016 (FY16), as the group, which has not launched new products for some years — though it has a luxury condominium planned this year — continues to rely on its property investments as its major income stream for now.
Group warns of Gurney Wharf’s potential environmental impact
GEORGE TOWN (Feb 25): The new Gurney Wharf seafront unveiled by the Penang government has the potential to cause a devastating environmental impact elsewhere, according to the Consumers’ Association of Penang (CAP) and Sahabat Alam Malaysia (SAM).
Paramount to double property launches in 2016 to RM770m
KUALA LUMPUR (Feb 25): Paramount Corp Bhd is doubling its property launches this year to RM770 million, from RM313 million in 2015, and aiming to have RM480 million new sales for the financial year ending Dec 31, 2016 (FY16).
Pothole, collapsed drain keep Ulu Tiram residents up at night
JOHOR BAHRU (Feb 25): Residents of Taman Desa Cemerlang in Ulu Tiram, near Johor Bahru, are worried that an eroded patch of road is endangering pedestrians and motorists.
Tropicana plans RM1.72 bil new launches this year
KUALA LUMPUR (Feb 25): Tropicana Corp Bhd plans to launch RM1.
Making Timurbay Seafront Residence another success story
PJD Sejahtera Sdn Bhd, a subsidiary of OSK Property Holdings Bhd, plans to make its latest project — Timurbay Seafront Residence in Balok Beach near Kuantan — a success in the area.
