News About property developer

Passing on SST savings to buyers not easy

Oct 08

KUALA LUMPUR (October 8): Property developers have until the end of this month to announce the discount that can be passed on to house buyers arising from the sales and services tax (SST) exemption on construction materials, but cutting prices may not be as easy as it is set out to be.

Ewein 2Q net profit soars 273% on higher property sales

Aug 27

KUALA LUMPUR (Aug 27): Ewein Bhd's second quarter net profit increased 273% to RM11.

Thriven sees thriving growth as new projects kick in

Aug 27

KUALA LUMPUR (Aug 27): Property developer Thriven Global Bhd, formerly known as Mulpha Land Bhd, is targeting an exponential growth in its top and bottom lines supported by unbilled sales of over RM460 million as well as new sales.

PEPS: KPKT’s measures good, but execution is key

Jul 25

PETALING JAYA (July 25): While the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Foo Gee Jen believed the drafting a commercial development act and streamlining housing data by introducing a data input system are laudable, his concerns lie in their enforcement and execution.

KPKT to introduce developer data input system to help streamline Napic data

Jul 25

PETALING JAYA (July 25): The Ministry of Housing and Local Government (KPKT) is working with the National Property Information Centre (Napic) to streamline their housing data by introducing a data input system for developers at the beginning of next year, said its national housing department director-general Jayaselan Navaratnam “[The progress of streamlining the data] is still in the initial stage because we have come to an agreement first.

TAHPS will be renamed Ayer Holdings

Dec 29

KUALA LUMPUR (Dec 28): TAHPS Group Bhd will be renamed Ayer Holdings Bhd effective 9am on Jan 3, 2018.

Developers’ margin woes to stay

Dec 22

KUALA LUMPUR (Dec 22): Property developers may need to brace for a sustained low-margin environment next year as they continue building new affordable homes that are expected to crimp their margins.

UOA Development 3Q net profit down 18% on higher expenses

Nov 22

KUALA LUMPUR (Nov 21): UOA Development Bhd's net profit for its third quarter ended Sept 30, 2017 (3QFY17) dropped 18.

Zecon share trade suspended

Nov 17

KUALA LUMPUR (Nov 17): Zecon Bhd's share trade has been suspended from 2:30pm today until Monday (Nov 20) 5pm pending a material announcement, the builder and property developer said in statements on Bursa Malaysia's website today.