News about property

KUALA LUMPUR (Nov 22): Genting Plantations Bhd saw its net profit in the third quarter ended Sept 30, 2017 (3QFY17) dropped 19% to RM76.

KUALA LUMPUR (Nov 21): IGB Corp Bhd's net profit came in 58% lower year-on-year at RM62.

KUALA LUMPUR (Nov 21): UOA Development Bhd's net profit for its third quarter ended Sept 30, 2017 (3QFY17) dropped 18.

PETALING JAYA (Nov 21):  The Real Estate and Housing Developers Association (Rehda) Malaysia hopes that the authorities will reconsider the new ruling to freeze approvals of developments, including condominiums priced above RM1 million, it said in a press statement today.

KUALA LUMPUR (Nov 21): Trading of Sime Darby Bhd's shares will be suspended on Nov 27 to facilitate the distribution of shares under the group's demerger exercise.

PETALING JAYA (Nov 21): Sime Darby Property Bhd’s latest launch in Subang Jaya, Lot 15 serviced apartment, has achieved a 64% take-up rate of its 204 units for sale during its weekend launch on Nov 18 and 19.

  PETALING JAYA (Nov 21): The Urban Wellbeing, Housing and Local Government Ministry is ready to look into the issue of excessive property stock, especially unsold residential units, with various parties to resolve the problem.

KUALA LUMPUR (Nov 20): Sime Darby Property Bhd, which would be listed on Nov 30, said it will evaluate the effects of newly-announced federal government freeze on luxury properties, on its joint-venture projects.

KUALA LUMPUR (Nov 20): Sime Darby Bhd will review its investment-grade rating after spinning off its cash-generating plantation and property units, which will be separately listed on Bursa Malaysia on Nov 30.

PETALING JAYA (Nov 20): Johor wants the RM1 million floor on foreign property investment in the country to be reviewed, said its Housing and Local Government committee chairman Datuk Md Jais Sardy.