Malton 1Q net profit jumps four times on gain from a revoked deal
KUALA LUMPUR (Nov 20): Malton Bhd saw its net profit for the first financial quarter ended Sept 30, 2017 (1QFY18) surge four times year-on-year to RM25.
Too premature to ascertain luxury development freeze on JV projects — SD Property
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.
IOI Properties 1Q profit up 28% on better earnings from core businesses
KUALA LUMPUR (Nov 20): IOI Properties Group Bhd’s net profit jumped 28.
Lack of clarity an issue in development freeze directive
PETALING JAYA (Nov 20): There is still a lot of ambiguity in the new ruling to freeze approvals for four types of developments in Kuala Lumpur, said Zerin Properties CEO Previndran Singhe.
JKG Land and BMS Organics hold ‘Go Green Live Healthy’ event
PETALING JAYA (Nov 20): JKG Land and BMS Organics held a ‘Go Green Live Healthy’ event on Saturday (Nov 18) at The ERA development located at Duta North, Jalan Segambut.
CIMB: Malaysia's move to freeze luxury property project approval 'positive'
KUALA LUMPUR (Nov 20): CIMB Investment Bank Bhd said Malaysia's move to freeze approvals for development of shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million here, will address the oversupply situation in the country's property market.
Rate hike to come on the back of a stronger ringgit
KUALA LUMPUR (Nov 20): The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.
‘Brace for rate hikes next year’
KUALA LUMPUR (Nov 20): As the Malaysian economy put its foot on the gas pedal in the third quarter of the year, the strong growth has given the central bank more flexibility to adjust interest rates.
Johor to review Federal government's RM1m floor on foreign property investment
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.
UPDATE: Jalan Medang Tanduk reopens following landslide
PETALING JAYA (Nov 19): Jalan Medang Tanduk at Bukit Bandaraya, Bangsar, has reopened following a landslide caused by a slope retaining wall collapsing at 11.
