Gabungan AQRS sees better FY18
KUALA LUMPUR (July 13): Gabungan AQRS Bhd’s net profit for the second financial quarter ended June 30, 2018 (2QFY18) more than doubled to RM19.
New guideline of allowing REITs to engage in property development a sector catalyst
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.
Share unit weightage – the next ‘time bomb’ in property management?
KUALA LUMPUR (July 12): Malaysia Shopping Malls Association (PPK) committee member for research YL Lum foresees that the calculation of share unit weightage in strata-titled properties will be the next ‘time bomb’ in property management.
Govt looking into hiking minimum property prices for foreigners
KUALA LUMPUR (July 11): Putrajaya is studying the possibility of increasing minimum property prices for foreign buyers Housing and Local Government Ministry secretary general Datuk Mohammad Mentek told a local business publication that “a new threshold will be set based on the condition of the local currency”.
Too early to turn bullish on property segment, says report
KUALA LUMPUR (July 7): News that the Housing and Local Government Ministry is in talks with Bank Negara Malaysia to draw out the guidelines for a more relaxed loan scheme for some homebuyers may raise hopes of better earnings for the property firms.
Paramount Property at VPEX 2018
Paramount Property Beh Chun Chong Paramount Property CEO “The improved property market is expected to sustain until the end of the year.
Sime Darby Property’s new launches record strong take-up rate
KUALA LUMPUR (July 6): Sime Darby Property Bhd said it sold as much as 90% of its new launches within one week, suggesting resilient demand for both its residential and commercial products despite the soft property market.
Sunway says on track to meet 2018’s RM1.3b sales target
KUALA LUMPUR (July 6): Sunway Bhd, which announced yesterday it had received overwhelming response to its Sunway GEOLake Residences project during an exclusive preview of the project recently, said its property development arm Sunway Property is on track to meet its 2018 sales target of RM1.
Experience a new way of buying property at VPEX 2018
PETALING JAYA (July 6): Experience a new way of viewing and buying property at EdgeProp.
Time to buy?
The property market is still soft with most developers experiencing slow sales.
