UOA Development's 1Q net profit rises 22.4%
KUALA LUMPUR (May 25): UOA Development Bhd saw its net profit rise 22.
IGB Corp confirms getting offer for Renaissance KL
KUALA LUMPUR (May 25): IGB Corp Bhd, which saw its latest quarterly net profit slump 20.
DBKL to spend RM92 mil on flood prevention infrastructure
KUALA LUMPUR (May 24): Deputy minister of Federal Territories Datuk Loga Bala Mohan said Kuala Lumpur City Hall (DBKL) will be spending a total of RM92 million to upgrade infrastructure in Kuala Lumpur (KL), to prevent further floods in the future.
TRC expects contribution from property to increase to 20-30% in two years time
KUALA LUMPUR (May 24): Construction company TRC Synergy Bhd (TRC Synergy) expects contribution from its property segment to increase to between 20% to 30% of the total revenue in two year's time.
Matrix Concepts’ dividend yield remains attractive at 6%
Matrix Concepts Holdings Bhd (May 23, RM2.
IGB Corp in talks to sell Renaissance KL
ESTABLISHED property company and hotelier, IGB Corp Bhd, is believed to be in talks to dispose of its 20-year-old, 910-room Renaissance Kuala Lumpur hotel to a little-known Singapore company for just below RM800 million.
A mixed bag of properties
ALL types of real estate developments — from affordable homes to premium luxury apartments, high-rise units and landed houses — can be launched during the current soft property market, says Raymond Cheah, chief operating officer, commercial, at UEM Sunrise Bhd.
PROPERTY SNAPSHOT 2: What’s affordable in USJ?
• While USJ has yet to hold a candle to its more upmarket neighbour, Subang Jaya, the neighbourhood is becoming more vibrant with many new residences and malls.
Tropicana set for stronger quarters
KUALA LUMPUR: Tropicana Corp Bhd is set to report strong quarterly earnings in the remaining quarters of the year, an analyst said, as it unlocks the value of its land bank in the Klang Valley, as well as in the northern region.
