MTD ACPI bags RM184m construction project in Perlis
KUALA LUMPUR (May 15): MTD ACPI Engineering Bhd has bagged a RM184.
SP Setia 1Q net profit down 62% as MCO hits property, construction segments
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.
Jalil Rasheed: PNB to step away from property development after 118 completed
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.
Malaysia a favourite among Chinese property buyers in 2019
PETALING JAYA (May 14): Malaysia is the sixth most-preferred destination for property buyers from China in 2019, the second year running that the country has been ranked so by Juwai IQI.
Ageson says does not have AP for sand export
KUALA LUMPUR (May 12): Ageson Bhd, whose share trade was suspended for an hour until 10.
Amanah Harta PNB 1Q net income slips 1.7% on higher property expense, lower rental income
KUALA LUMPUR (May 6): Amanah Harta PNB (AHP) saw a 1.
KLCCP Stapled posts lower 1Q profit on bigger loss in hotel segment, proposes 8.3 sen dividend
KUALA LUMPUR (May 5): KLCCP Stapled Group has reported a 3.
Property developers seen revising sales, launch targets as Covid-19 takes toll on economy
KUALA LUMPUR (May 5): Hong Leong Investment Bank Bhd (HLIB) said today it sees the likelihood of property developers in Malaysia revising sales and launch value targets as the Covid-19 pandemic takes its toll on the broader economy.
Demand for warehouses up but industrial overhang continues to rise
PETALING JAYA (April 30): The expansion of e-commerce may have spurred demand for warehouses/logistics-related properties but the overhang of industrial property sub-segment has seen overhang units rising since 2015.
Housing loan applications and approvals surged in 2019
PETALING JAYA (April 30): Aggressive marketing campaigns by property developers coupled with the government’s measures lifted homebuying sentiments among Malaysians last year, resulting in increases in the amount of total loan applications and total loan approvals for the purchase of residential property by 8.
