News about properties

PETALING JAYA (Oct 26): Value creation comes in the form of good property maintenance, hence, IOI Properties Group Bhd is looking at putting more resources into the property management segment to create more value for the property buyers, said its CEO Datuk Voon Tin Yow.

KUALA LUMPUR (Oct 15): Malayan United Industries Bhd (MUI Group) seems to have caught onto the right timing to sell off some of its shares in MUI Properties Bhd on Oct 9 – when the share price was at a one-month peak before its fall.

Real Estate & Housing Developers’ Association, Malaysia (REHDA) president Datuk Soam Heng Choon has expressed his concern on the increasing number of unsold bumiputera units in the country.

PUTRAJAYA (Oct 7): IOI Properties Group Bhd commemorated the topping out of IOI City Mall Phase 2 at IOI Resort City, Putrajaya to mark the completion of the mall’s structural works on Oct 6.

KUALA LUMPUR (Sept 28): Lagenda Properties Bhd said today the company has exercised a put option to sell its 49% stakes in six poultry-related companies for an aggregate price of RM9.

SITIAWAN (Sept 21): Lagenda Properties Bhd's (formerly known as DBE Gurney Resources Bhd) wholly-owned subsidiary Taraf Nusantara Sdn Bhd (TNSB) has signed a joint-venture (JV) agreement with Tenaga Danawa Sdn Bhd (TDSB), a unit of Majuperak Holdings Bhd, to embark on an affordable housing project in Tapah.

The auction property market in Malaysia has been muted in the first quarter of 2020 when the six-week Movement Control Order (MCO) from March 18, 2020 caused a pause in all physical auction activity.

KUALA LUMPUR (Aug 29): IOI Properties Group Bhd has reported a lower net profit for the fourth quarter ended June 30, 2020 (4QFY20) despite a rise in revenue.

KUALA LUMPUR (Aug 26): Lagenda Properties Bhd, formerly known as DBE Gurney Resources Bhd, is buying five parcels of leasehold agriculture land in Tapah, Perak that it plans to develop into an affordable housing township.

PERAK (Aug 24): Lagenda Properties Bhd, formerly known as DBE Gurney Resources Bhd, expects stronger performances in the coming quarters due to the recent acquisitions of two ongoing flagship affordable township projects — Bandar Baru Setia Awan Perdana and Lagenda Teluk Intan.