SunCon 3Q net profit down 19%, dragged by MCO, higher steel prices
KUALA LUMPUR (Nov 19): Sunway Construction Group Bhd's (SunCon) third quarter (3Q) net profit fell 19.
Economic Report 2021/2022: Malaysia's inflation set to moderate to 2.1% in 2022 on better economic prospects, stable oil prices
KUALA LUMPUR (Oct 29): Malaysia's inflation, measured by the consumer price index (CPI), is expected to moderate from current levels to 2.
We are not too concerned about construction cost, says Soam
PETALING JAYA (Oct 21): Although construction material costs continue to rise, 25% of respondents in the “REHDA Property Industry Survey 1H2021 and Market Outlook 2H2021” survey released today said their cost of doing business have gone down by 26% in 1H2021.
Supply chain disruptions push up construction raw material prices in Singapore
PETALING JAYA (Sept 6): Construction raw material prices are expected to stay high as the global supply chain has been affected by the Delta coronavirus variant, reported Business Times.
SunCon 2Q net profit surges three folds on improved business performance
KUALA LUMPUR (Aug 19): Sunway Construction Group Bhd's (SunCon) net profit more than trebled to RM8.
Residential price growth above 10% across 43 cities, says Knight Frank
PETALING JAYA (Aug 5): Cities are now outperforming national housing markets, with 43 cities registering an annual price growth above 10%, up from just one year ago, according to Knight Frank’s latest report Knight Frank’s Global Residential Cities Index, published in July.
Klang Valley land prices continue to be resilient
KUALA LUMPUR (July 17): Land prices in the Klang Valley “have remained stable and, in rare instances, even managed to fetch a premium,” The Edge Malaysia reported this week.
Aussie home prices climb in fastest pace since 2004, up 13.5% y-o-y
SYDNEY (July 1): Australian home prices grew at their fastest annual pace since 2004 in June as strong demand and tight supply outweighed the drag from coronavirus lockdowns in some cities, reported Reuters.
Discounts, rebates, freebies – do house buyers really gain from them?
It has been an “open secret” that housing developers “artificially” inflate property prices and then offer rebates to buyers to help offset the 10% down payment.
Would the rising cost of construction materials lead to house price hike?
Covid-19 has severely hit nearly every sector of economy across countries.
