UEM Sunrise Verdi condominium topped out

PETALING JAYA (March 25): UEM Sunrise Bhd has completed the topping out for its condominium project, Verdi “eco-dominiums”, in its Symphony Hills development in Cyberjaya, Selangor, the group said in a press statement today.

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Gamuda’s 2Q profit falls 12% to RM160.11m

KUALA LUMPUR (March 25): Gamuda Bhd, which is involved in construction and property as well as water concessions, saw a 12% drop in net profit in its second financial quarter ended Jan 31, 2016 (2QFY16) to RM160.

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Affordable housing not affordable to build

PETALING JAYA (March 11): Close to a third of 159 respondents to the Real Estate Housing Developers Association (Rehda) Property Industry Survey 2H2015 agree that the main issue with affordable housing is the increased overall cost of doing business.

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Country Garden expands landbank in Nanjing

PETALING JAYA (March 10): Chinese property developer Country Garden Holdings has purchased eight pieces of land for its three residential property developments in Nanjing on March 7,  according to a report by Chinese news media.

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