IOI Properties reports lower 4Q net profit despite revenue increase, pays lower dividend
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.
Lagenda Properties buys land in Tapah from UEM Sunrise for affordable housing project
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.
Lagenda expects stronger 3Q financial performance due to two new project acquisitions
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.
The Edge: Imposing a tax on unsold and vacant properties will be a disaster
It was recently reported that a vacancy tax on unsold properties may be imposed on property developers to reduce the overhang.
Let justice be seen to be done
I just recently learnt from an international arbitration news site that the Malaysian government had reached an amicable settlement with the estate of Boonsom Boonyanit, a Thai national, some time in October 2018.
Report: Hong Kong's Kwok family loses US$8b in a single year
KUALA LUMPUR (Aug 5): The Kwok family’s Sun Hung Kai Properties “has seen its fortune shrink by almost US$8 billion (RM33.
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SMA should define duties of JMB/MC committee members
PETALING JAYA (July 16): The Strata Management Act (SMA) should be reviewed to include the duties and responsibilities of strata building management committee members and chairman, urged Sri Penaga Condominium Management Corporation (MC) past chairman Khaw Chay Tee.
Note to developers: Reconsider building strategies post pandemic
PETALING JAYA (July 16): Developers should rethink their building strategies for high-rise strata properties especially in terms of density in relation to safety and disaster management issues.
Ireka signs demerger agreement with Aseana Properties
KUALA LUMPUR (July 16): Ireka Corp Bhd has signed definitive agreements with London Stock Exchange-listed Aseana Properties Ltd to undertake a demerger exercise which involves separating the interests of Ireka Group from Aseana, where the former held a 23% stake in Aseana.
DBE Gurney to beef up affordable housing arm
KUALA LUMPUR (July 14): DBE Gurney Resources Bhd, soon to be known as Lagenda Properties Bhd, will be significantly scaling up its affordable housing development arm by acquiring the developer of two housing projects.
