News about sales

Malaysian regulations on redevelopment and, by extension, en bloc sales, must change, quickly.

In a sector update on Monday (July 17), the research house said it believes property sales momentum will stay strong this and next year, with the Johor property market seeing sustainable recovery going forward.

PublicInvest Research, which maintained its “outperform” call on EcoWorld with a target price (TP) of 88 sen, said the current sales of RM2.

House prices are still rising, albeit at a slow pace.

The group said it is acquiring the stake in Gplex Properties Sdn Bhd from Googolplex Holdings Bhd, which will still own the other 49.

“Our residential launches achieved encouraging demands including Serenia City’s ‘Serenia Anira 3’ with 80% take-up, while the semi-detached and detached factories in Elmina Business Park achieved 100% take-ups showing our capability in catering to the needs of businesses of any scale with solutions ranging from ready-built factories to customisable built-to-lease industrial properties.

KUALA LUMPUR (May 10): Pensonic Holdings Bhd is selling a piece of land in Seberang Perai Tengah, Penang, that has a factory built on it to paper pulp manufacturer HZ Green Pulp Sdn Bhd (HZGP) for RM15.

KUALA LUMPUR (Jan 6): A resurgence of daily Covid-19 infection cases following the emergence of new variants, high building material prices, a potential overhang among property stocks ahead of the general election and earlier-than-expected rate hikes are hindering real estate from recovering, said RHB Investment Bank.

KUALA LUMPUR (Nov 23): S P Setia Bhd recorded RM3.

Has its sales figures been shrunken by the stop work orders due to the pandemic? Yes.