Asian property bosses fight it out in Canadian province
KUALA LUMPUR (Feb 6): Asian property tycoons are grabbing the limelight in Canada as their legal tussles are aired in the media.
Implementation of new accounting standards to trim Sime Darby Property FY21-22 earnings by 10%-14% — CGS-CIMB Research
KUALA LUMPUR (Feb 5): The implementation of the IAS 23 borrowing cost accounting standard in Sime Darby Property Bhd's financial year ending Dec 31, 2021 (FY21) is likely to cut its earnings for FY21 to FY22 by 10% to 14%, according to CGS-CIMB Research.
Evolve from physical to virtual
Auctioneers say property auctions have been online years before the Covid-19 outbreak but the pandemic has accelerated the process.
Tropicana appoints Lee Han Ming as group CEO
PETALING JAYA (Feb 4): Property developer Tropicana Corp Bhd has promoted Lee Han Ming (pictured) as group CEO to join group managing director, Dion Tan in the senior leadership team.
Sime Darby Property’s foreign shareholding up to five-month high of 9.757% as of Dec 31, 2020
KUALA LUMPUR (Feb 4): Sime Darby Property Bhd’s foreign shareholding had risen to a five-month high of 9.
Chin Hin Property to buy freehold land in KL for RM85m
KUALA LUMPUR (Feb 3): Chin Hin Group Property Bhd is eyeing to acquire a piece of land in Kuala Lumpur for RM85 million.
Sunway Property buys Cheras land to build new-norm lifestyle homes
PETALING JAYA (Feb 1): Sunway Property has acquired land in Cheras for RM42 million for a future residential development.
Property market recovery may be delayed until next year — Henry Butcher Malaysia
PETALING JAYA (Feb 1): The most positive scenario for the overall Malaysian property market in 2021 would be a slightly better performance than last year due to the start of the vaccination programme that would help in controlling the Covid-19 pandemic, according to Henry Butcher Real Estate chief operating oficer (COO) Tang Chee Meng.
Canadian city councillor wants background checks for property developers
KUALA LUMPUR (Jan 30): A councillor from the Canadian city of Vancouver wants more stringent checks on the backgrounds of those applying for property development permits, The Edge Malaysia reported.
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KLCC Stapled posts first quarterly loss on impairment and fair value changes on investment properties
KUALA LUMPUR (Jan 27): KLCC Stapled Group posted its first ever quarterly net loss on record after impairment and fair value changes on investment properties weighed on its financials.
