News about property development

PETALING JAYA (May 24): The Real Estate and Housing Developers' Association (Rehda) Malaysia has lost a mentor and a pillar of support following the passing of Datuk Teo Chiang Quan, Paramount Corp Bhd chairman and executive director, said Rehda president Datuk Soam Heng Choon (pictured).

KUALA LUMPUR (April 29): Gadang Holdings Bhd saw its net profit for the third quarter ended Feb 28, 2021 (3QFY21) slide 10.

KUALA LUMPUR (Nov 5): Tafi Industries Bhd has proposed a diversification of its operations to include property development and construction activities, via a conditional joint venture (JV) with E Prompt Sdn Bhd, for the development of a 33-acre (13.

The refurbishment continues! On a slightly overcast Saturday morning on Sept 5, some 12 community volunteers from Perumahan Awam Seri Kedah or Flat Seri Kedah public housing scheme here in Gombak Setia, Kuala Lumpur rolled up their sleeves to begin refurbishment works on their outdoor sports court.

  KUALA LUMPUR (July 11): Bina Puri Holdings Bhd plans to place out new shares — up to 10% of its enlarged issued share capital — to independent third-party investors to be identified later, to raise up to RM9.

KUALA LUMPUR (May 21): Sime Darby Property Bhd’s net profit for the first quarter ended March 31, 2020 (1QFY20) plunged 95% to RM14.

KUALA LUMPUR (May 14): Property developer S P Setia Bhd saw its first-quarter net profit drop 62% year-on-year (y-o-y) on lower earnings from its property development and construction segments, partly due to the Movement Control Order (MCO), which led to closure of sales offices, construction sites and social activities, resulting in disruptions to the operations of its businesses.

KUALA LUMPUR (May 14): Permodalan Nasional Bhd (PNB) president and group chief executive officer Jalil Rasheed said today that the state-owned asset manager would step away from property development upon completion of its RM5 billion megastructure in 2024.

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.

PETALING JAYA:  What’s the point of having facilities that are wasting away and no longer able to serve their full purpose? Outdoor recreational spaces for the community, especially children and youths, are aimed at promoting a healthy lifestyle and even to nurture sports talent, hence it would be a shame if such facilities become eyesores instead.