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Sime Darby's 1Q profit lifted by Malaysia Vision Valley land sale, revenue up 14% to RM13.98 bil
RM251 million gain on disposal of Malaysia Vision Valley land to Sime Darby Property Bhd.
Sime Darby Property actively traded after quarterly results beat expectations
Sime Darby Property reported a net profit of RM144.
Sime Darby Property records revenue of RM2.4 bil for 9M FY2023, achieves RM2.5 billion sales
The group's revenue for 3QFY2023 outperformed the preceding quarter by 52.
Kerjaya Prospek Property posts steady 2Q profit, wants to increase Klang Valley land bank
The group is now strategising on the use of its existing land bank with two new upcoming developments — one in Sentul, Kuala Lumpur and another in Shah Alam, Selangor — which will have an estimated gross development value (GDV) of about RM395 million.
DONE DEAL: Semidee, Idamansara, Kuala Lumpur
DONE DEAL: Condominium unit, The Pearl, KLCC, Kuala Lumpur DONE DEAL: Shop, CBD Perdana, Cyberjaya, Selangor Nestled in the midst of a lush and upscale community is Idamansara, an exclusive retreat comprising a myriad of amenities.
Gamuda Land makes hat-trick history at The Edge’s Top Property Developers Awards 2023
Other developers on the Top 10 list were: Sunway Bhd — property division (No 2), S P Setia Bhd (joint No 3), Sime Darby Property Bhd (joint No 3), UOA Development Bhd (joint No 3), IOI Properties Group Bhd (No 4), IJM Land Bhd (No 5), Eco World Development Group Bhd (No 6), UEM Sunrise Bhd (No 7), Mah Sing Group Bhd (No 8), Matrix Concepts Holdings Bhd (No 9) and IGB Bhd (No 10).
Property sector outlook to remain positive on healthy loan applications — MIDF Research
Pointing to recent news on the possibility of a high-speed rail (HSR) project between Ipoh and Kuala Lumpur, MIDF said the project would improve demand for properties in Ipoh and concurrently benefit property developers that have exposure in the state.
The Malaysian housing industry is efficient and competitive — the government should just focus on public housing
How do we compare our building costs to those in neighbouring countries? Are Malaysian developers making excessive profits? Are they building the wrong products at unreasonably high prices to maximise profits, resulting in an excessive number of unsold houses, instead of building more affordable houses? Last week, we provided our data-based analysis that contradicts the prevailing myth that housing is generally unaffordable in Malaysia.
YNH audit committee wants independent review of group’s JV, turnkey construction agreements
YNH said SSF & Co’s report commented that an analysis was carried out on 17 agreements entered into by Kar Sin, and they “do not appear on the face of it to be scams as alleged in various reports found on Facebook or the internet”.
Sime Darby Property’s Hype Residences Phase 1 in SJ7 fully booked
Phase 1 will comprise Tower A, which is a 38-storey tower comprising 310 units, with built-ups ranging from 700 sq ft with two bedrooms and one car park bay, to 1,130 sq ft with three plus one bedrooms and two car park bays.
