Selangor Properties slips into the red on forex losses
KUALA LUMPUR (March 25): Selangor Properties Bhd started off its current financial year ending Oct 31, 2016 (FY16) on the wrong foot, reporting a net loss of RM16.
Companies scaling back on office space per head
PETALING JAYA (March 24): Companies are more sensitive and cautious in their spending on office space compared with 20 to 30 years ago, said JLL country head for Malaysia YY Lau.
Most developers cautious about FY16 outlook
Property sector Maintain neutral: Among our coverage universe, Matrix Concepts Holdings Bhd is the only developer that has managed to achieve positive growth in full-year sales (+28% year-on-year [y-o-y]) mainly due to its focus on the affordable mass market with a pricing range of below RM600,000.
Sentoria clinches construction contracts worth RM110m
KUALA LUMPUR (March 23): Property developer cum resort operator Sentoria Group Bhd bagged two development projects in Kuantan and Sepang that are collectively worth some RM110 million.
4,000 Bandar Bukit Raja households celebrate Earth Hour
PETALING JAYA (March 22): About 4,000 households in Bandar Bukit Raja celebrated Earth Hour together with the developer, Sime Darby Property Bhd, last Saturday.
Dubai Properties begins 1/JBR construction
KUALA LUMPUR (March 21): Dubai Properties (DP) announced yesterday the start of construction works of its flagship 1/JBR project, an iconic 46-storey luxury residential tower at the entrance of Jumeirah Beach Resort (JBR) in Dubai.
First phase of Warisan Puteri 2 to be launched by end-April
PETALING JAYA (March 21): TH Properties Group will launch Sutera, the first phase of its 103.
Specialist commercial property favourite of UHNWI, says Knight Frank
KUALA LUMPUR (MARCH 18): Specialist commercial real estate sector has become an established favourite of ultra-high net wealth individual (UHNWI) investors over the past decade, according to international property consultancy Knight Frank.
Battersea reveals new commercial tenants
LONDON (March 17): Battersea Power Station Development Company Ltd, a Malaysian consortium comprising the Employees Provident Fund, S P Setia Bhd and Sime Darby Property Bhd, have unveiled the first eight new shops, restaurants and cafe going into Circus West, the first phase of Battersea Power Station.
Slower property sales volumes this year, but hidden gems abound
KUALA LUMPUR (March 14): Property sales by developers listed on Bursa Malaysia are expected to be flat or slightly worse than 2015 this year, said CIMB analyst Saw Xiao Jun.
