News about property

Many wise people have said that there are always opportunities in a crisis.

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 19): AmFIRST Real Estate Investment Trust (AmFIRST REIT) saw its net property income (NPI) for the fourth quarter ended March 31, 2020 (4QFY20) decline by 4.

KUALA LUMPUR (May 18): China is seeing “signs of gradual recovery in the property market” as Beijing eases Covid-19 “restrictions on movement”, Reuters reported today.

KUALA LUMPUR (May 15): MTD ACPI Engineering Bhd has bagged a RM184.

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 (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.

KUALA LUMPUR (May 12): Ageson Bhd, whose share trade was suspended for an hour until 10.

KUALA LUMPUR (May 6): Amanah Harta PNB (AHP) saw a 1.