By Joseph Wong Despite the property market experiencing multiple critical calamities over the past few years, from a slowdown to a global pandemic, many property developers have successfully weathered these storms. They are proactively taking steps to prepare for future challenges. With strategic measures in place, they are well-positioned to navigate even more challenging times…
Read MoreKUALA LUMPUR (June 27): YNH Property Bhd (KL:YNH) said the conditional period of the sale and purchase agreement for it to sell 163 Retail Park to Sunway Real Estate Investment Trust (Sunway REIT) (KL:SUNREIT) has been extended by three months to Sept 26. The conditional period ended on Thursday (June 26). This is the second…
Read MoreKUALA LUMPUR (June 26): Country Heights Holdings Bhd has identified healthcare and wellness, as well as new energy, as key areas to revitalise the company “from red to black” and steer it towards sustainable profitability as part of its strategic transformation into a “premier grand wellness hub”. “As part of the transformation, the group will…
Read MoreKUALA LUMPUR (June 26): AmanahRaya Real Estate Investment Trust (ARREIT) has entered into a conditional sale and purchase agreement with 4X Software Sdn Bhd for the proposed disposal of a four-storey office building in Cyberjaya, Selangor, for RM42.5 million. In a filing with Bursa Malaysia on Wednesday, ARREIT said the proposed disposal of the property…
Read MoreKUALA LUMPUR (June 26): Berjaya Tagar Sdn Bhd, a subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched an affordable residential project on Wednesday under Berjaya Flagship Affordable Homes (BFAH) called Pangsapuri Azalea in Subang Heights, Subang Jaya, Selangor. The freehold development comprises 402 apartment units with a built-up of 900 sq ft. Each unit consists…
Read MoreKUALA LUMPUR (June 26): Putrajaya’s policies have the potential to create a positive environment for the local property market but they will depend on how effectively they are implemented. “By fostering economic growth, attracting investment, and potentially improving affordability, this could lead to increased demand for various property types. However, this will depend on the…
Read MoreKUALA LUMPUR (June 25): The felling of 90 high-risk trees recommended for removal around Kuala Lumpur is currently under way and expected to be completed by early July, according to Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa. (pictured, right) In a statement on her official Facebook page on Tuesday, Zaliha said…
Read MoreKUALA LUMPUR (June 26): Northern Solar Holdings Bhd, which installs solar panels and operates solar farms, has filed for an initial public offering (IPO) on the ACE Market to raise funds for expansion. The proposed IPO involves a public issue of 67.25 million new shares and an offer-for-sale of 35.6 million existing shares at a…
Read MoreKUALA LUMPUR (June 25): CGS International has maintained its ‘add’ rating for Econpile Holdings Bhd (KL:ECONBHD) at 45.5 sen, with an unchanged target price of 61 sen based on a 0.5 times calendar year 2024 (CY2024) price/earnings-to-growth ratio, implying 19.1 times CY2025 price-earnings (the pre-Covid mean of 2014 to 2018). In a note on Monday, the research house…
Read MoreKUALA LUMPUR (June 25): Property developer Avaland Bhd (KL:AVALAND) (formerly MCT Bhd) has lodged an RM1 billion Islamic Medium-Term Notes Programme with the Securities Commission Malaysia. In a statement, Avaland said the sukuk programme, based on the shariah principle of Murabahah (via Tawarruq arrangement), will allow it to issue sustainable and responsible investment (SRI) sukuk,…
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