“Another thing we are suggesting is that when you file income tax, the number of houses you have bought will be automatically stipulated in your income tax form.
Net profit for the quarter ended Dec 31, 2023 (4QFY2023) rose to RM36.
MRCB said the decline in revenue was due to much lower contributions from the property development and investment division, as well as the engineering, construction and environment division, following the completion of three major infrastructure construction projects last year and two major property development projects in the first half of 2023 (1HFY2023).
For the longest time, purchasing a house or commercial property is seen as a major milestone, a symbol of independence and a pathway to building wealth.
Quarterly revenue fell 28% to RM39.
The corporate proposals entail a combined outlay of RM157.
Scientex noted that its property business is seeing improvements in the authority approval process, which has expedited and contributed to better revenue recognition.
Sedimi Property Development is 30% owned by Tech Max Construction Sdn Bhd, 20% by Lim Chee Ling, 15% each by Chen Kim Lon, Ee Cao Xian and Ng Chee How, and 5% by Shariffah Maznee Noor Osman.
PETALING JAYA (June 23): Packaging manufacturer and property developer Scientex Bhd’s net profit rose 57.
For the astute investor, every adversity offers a window of opportunity Although the already soft property market has been further pressured by the impact of the Covid-19 pandemic, the business of property development has continued to fight tooth and nail.
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