Should I buy now? DEPENDS...
A note from the Editor-in-Chief The current Covid-19 outbreak is unleashing havoc to economies across the globe.
IOI Properties appoints Voon Tin Yow as CEO
PETALING JAYA (April 14): IOI Properties Group Berhad (IOIPG) has redesignated its Chief Executive Officer (CEO) Lee Yeow Seng as Executive Vice Chairman and appointed Dato’ Voon Tin Yow as CEO effective April 15, 2020.
EdgeProp.my's FBLive on undervalued properties attracts over 10,000 views
PETALING JAYA (April 10): With the current Covid-19 pandemic and economic situation impacting the country and globally, is the real estate industry irrelevant and a total crash and gloom? Or are there property gems out there buyers can take advantage of? To discuss these issues, EdgeProp.
DONE DEAL: Office unit, Plaza Sentral, Kuala Lumpur
Sold for: RM2 million (around RM736 psf) Concluded by: Carmen Lee (REN 12639) (012-207 3989) of Reapfield Properties (HQ) Sdn Bhd When: February 2020 Noteworthy: ● Freehold ● Mid-floor unit with built-up of 2,715 sq ft ● Fully-furnished ● Located within KL Sentral and walking distance to NU Sentral Shopping Centre ● Easy access to main roads and highways such as Jalan Damansara, Jalan Travers, Jalan Syed Putra and Lebuhraya Sultan Iskandar, around 10km to KL city centre and 5km from Mid Valley Read also DONE DEAL: Office unit, Solaris Dutamas, Kuala Lumpur DONE DEAL: Office lot, Oasis Square, Ara Damansara, Petaling Jaya, Selangor Developed by Malaysian Resources Corp Bhd (MRCB), the master developer of KL Sentral transit-oriented development, Plaza Sentral is a MSC Cybercentre-status office and is home to IT businesses and fintech start-ups.
Genting Malaysia posts lower earnings in 4QFY19, declares nine sen special dividend
KUALA LUMPUR (Feb 27): Genting (M) Bhd’s net profit for the fourth quarter ended Dec 31, 2019 (4QFY19) fell to RM299.
GSH reports 28% increase in FY19 earnings
SINGAPORE (Feb 26): GSH Corporation, which develops properties and run resorts, has reported a 28% y-o-y growth in earnings to S$7.
IOI Properties 2QFY20 net profit down 7%
KUALA LUMPUR (Feb 25): Lower contribution from the property development segment dragged down IOI Properties Group Bhd’s net profit by 7% in the second financial quarter ended Dec 31, 2019 (2QFY20).
