KLCCP Stapled posts lower 1Q profit on bigger loss in hotel segment, proposes 8.3 sen dividend
KUALA LUMPUR (May 5): KLCCP Stapled Group has reported a 3.
Property developers seen revising sales, launch targets as Covid-19 takes toll on economy
KUALA LUMPUR (May 5): Hong Leong Investment Bank Bhd (HLIB) said today it sees the likelihood of property developers in Malaysia revising sales and launch value targets as the Covid-19 pandemic takes its toll on the broader economy.
The Edge Covid-19 Fund responds to emergency PPE request
KUALA LUMPUR (April 30): Yesterday evening, five days after the area around the Selayang wholesale market was placed under an enhanced movement control order (EMCO), The Edge Media Group publisher and group chief executive officer (CEO) Datuk Ho Kay Tat received an emergency request for personal protective equipment (PPE).
Demand for warehouses up but industrial overhang continues to rise
PETALING JAYA (April 30): The expansion of e-commerce may have spurred demand for warehouses/logistics-related properties but the overhang of industrial property sub-segment has seen overhang units rising since 2015.
Housing loan applications and approvals surged in 2019
PETALING JAYA (April 30): Aggressive marketing campaigns by property developers coupled with the government’s measures lifted homebuying sentiments among Malaysians last year, resulting in increases in the amount of total loan applications and total loan approvals for the purchase of residential property by 8.
Malaysian retail malls' occupancy at 79% in 2019, offices at 81%
PETALING JAYA (April 29): The shopping complex or retail property sector's performance was stable last year, recording an overall occupancy rate of 79.
Property overhang down 5% in 2019 but serviced apartment segment spiked
PETALING JAYA (April 29): The residential property overhang and unsold residential property situation in the country improved last year (2019).
Malaysian property transactions up almost 5% in 2019
PETALING JAYA (April 29): The Malaysian property market had shown marginal improvement last year (2019) with a total of 328,647 transactions worth RM141.
Allow property developers to operate, Mah Sing urges govt
KUALA LUMPUR (April 29): Lauding the government’s decision to allow approved businesses to fully resume their operations from today, Mah Sing Group Bhd said Putrajaya should also consider lifting the lockdown for the property sector.
Perak formulating strategies to spur local tourism to save hoteliers
PETALING JAYA (April 29): Perak state government is currently formulating four strategies to revive the state’s tourism industry, which was badly hit by the Covid-19 pandemic, according to a China Press report.
