S P Setia expects property market to improve
JOHOR BAHRU (June 4): Property developer S P Setia Bhd expects the country’s property market to return to growth after the Goods and Services Tax (GST) was zero-rated from June 1.
Mulia to align Exchange 106 development with current govt's mandate
PETALING JAYA (JUNE 4): Indonesia commercial property developer Mulia Group, who owns 49% of the Exchange 106 office building at Tun Razak Exchange (TRX) in Kuala Lumpur, is seeking guidance from the new Malaysian government on the project.
Mah Sing 1Q net profit falls 29%, secures RM470m sales
KUALA LUMPUR (June 1): Mah Sing Group Bhd's net profit for the first quarter ended March 31, 2018 (Q1FY18) fell 29% to RM64.
TA Global 1Q net profit almost triples on property disposal, compulsory acquisition
KUALA LUMPUR (May 31): TA Global Bhd's first quarter net profit almost tripled to RM230.
Sime Darby Property's 3Q profit jumps 18-fold on lower provisions
KUALA LUMPUR (May 25): Sime Darby Property Bhd (SD Property) saw an 18-fold year-on-year (y-o-y) rise in net profit for the third quarter ended March 31, 2018 (3QFY18) to RM33.
DONE DEAL: Condominium at Kiara 1888, Mont'Kiara, KL
Sold for: RM800,000 (RM489 psf) Concluded by: Michelle Cheong (REN 18391, 016-502 0868) and Bonnie Poo (REN 18552, 012-256 7566) of Landbanc Property When: December 2017 Noteworthy: ● Freehold ● High floor unit with built-up of 1,636 sq ft ● 3 + 1 bedrooms and 3 bathrooms ● Fully furnished with furniture, wallpaper, kitchen cabinet and curtains ● Accessible via Jalan Segambut, the Sprint Highway, Jalan Duta-Sungai Buloh Highway, Kerinchi Link and North-South Expressway ● Facilities include infinity pool, Jacuzzi, gymnasium, nature park, meditation garden and spa pavilion Completed in end-2008, Kiara 1888 is Mitraland Group’s first luxury high-rise residential development in Mont’Kiara with just 182 units of condominium spread across a 26-storey tower.
JHM acquires three rented properties in Kedah worth RM12.5m
KUALA LUMPUR (May 24): JHM Consolidation Bhd is acquiring three properties in Sungai Petani, Kedah from MIDF Property Bhd for a total of RM12.
JAKS Resources 1Q net profit doubles on stronger revenue from Vietnam operation
KUALA LUMPUR (May 24): JAKS Resources Bhd saw its net profit more than double to RM17.
Hua Yang’s 4Q net profit falls 68% on lower margins
KUALA LUMPUR (May 23): Hua Yang Bhd’s net profit for the fourth financial quarter ended March 31, 2018 (4QFY18) shrank 68% to RM3.
