News about property development

KUALA LUMPUR (October 3): Property developers are behaving more and more like local councils, Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah said, noting that this has given rise to the current form of townships that are not centralised and are dominated and led by private developers.

SERI KEMBANGAN (Oct 2): While it is still unclear when the property market will recover from the current slowdown, there are still opportunities to seize in the market, according to industry experts.

SERI KEMBANGAN (Oct 2): While the government is asking property developers to lower home prices following the Sales and Service Tax (SST) exemption on construction services and building materials, industry players said lower prices can be achieved if issues such as labour shortage and the lofty compliance and development costs are addressed.

SERI KEMBANGAN (Oct 2): The Housing and Local Government Ministry (KPKT) is now working on a comprehensive database which could help first time homebuyers to own a property, said KPKT deputy minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad.

KUALA LUMPUR (Sept 21): Scientex Bhd has reported its best quarterly net profit of RM88.

KUALA LUMPUR (Aug 20): MB World Group Bhd saw its net profit for the second quarter ended June 30, 2018 (2QFY18) rose to RM22.

KUALA LUMPUR (Aug 15): Plantations conglomerate Batu Kawan Bhd has reported a 31.

KUALA LUMPUR (Aug 15): Kuala Lumpur Kepong Bhd’s (KLK) net profit for the third financial quarter ended June 30, 2018 (3QFY18) jumped 25.

Real estate investment trust sector Maintain neutral: We maintain “neutral” rating on the real estate investment trust (REIT) sector given the general oversupply situation but this should be offset by the appeal of REITs given the current uncertain equity markets.

KAJANG (June 25): Keretapi Tanah Melayu Bhd's (KTMB) RM6 billion property development projects planned on three parcels of land at the Klang, Shah Alam and Bangi KTM stations were delayed due to the longer-than-expected tendering process between KTMB and Railway Assets Corp (RAC), said KTMB CEO Mohd Rani Hisham Samsudin.