KUALA LUMPUR (May 29): Vizione Holdings Bhd (KL:VIZIONE) has bagged a RM250 million contract to construct apartments in Semenyih, Selangor, in a related-party transaction. In a bourse filing, Vizione said the project comprises two 15-storey blocks and three 18-storey blocks. The group said its unit Vizione Builder Sdn Bhd accepted the letter award from a…
Read MoreKUALA LUMPUR (May 29): IJM Corp Bhd’s (KL:IJM) net profit for the fourth quarter ended March 31, 2024 (4QFY2024) leapt over 10-fold to RM305.5 million from RM23.1 million a year earlier, thanks to a sharp rise in other operating income. The construction giant’s other operating income soared to RM241.79 million from RM71 million in the…
Read MoreKUALA LUMPUR (May 30): OSK Holdings Bhd’s (KL:OSK) net profit for the first quarter ended March 31, 2024 (1QFY2024) rose 10% to RM122.93 million from RM115.09 million, on the back of a 10% rise in revenue to RM367.94 million, versus RM333.20 million. In a bourse filing on Thursday, OSK said the property, financial services, industries…
Read MoreKUALA LUMPUR (May 30): Real estate is becoming a new global currency amidst a predicted post-pandemic stagflation, said Juwai IQI chief economist Shan Saeed. “Production cuts are happening, we have geopolitical risks, supply constraints, and China is coming back into the market. Overall, investors are going back to basics with tangible assets like real estate,…
Read MoreKUALA LUMPUR (May 28): Real estate developer IGB Bhd (KL:IGBB) said its net profit more than tripled for the first quarter from a year earlier, thanks largely to land disposal gains. Net profit for the three months ended on March 31, 2024 (1QFY2024) was RM185.34 million, compared to RM56.07 million in the same period last…
Read MoreKUALA LUMPUR (May 29): UEM Sunrise Bhd saw sales of RM232.6 million, an improvement of 38% year-on-year (YoY), or RM64 million. In a media release on its financial results for the first quarter of 2024 ending March 31, 2024 (1Q2024), UEM Sunrise stated that this “reflects solid demand for properties reasonably priced between RM500,000 to…
Read MoreKUALA LUMPUR (May 29): SkyWorld Development Bhd (KL:SKYWLD) has embarked on a partnership with Alliance Bank Malaysia Bhd to provide additional financing of up to RM150,000 to homebuyers via the Alliance Bank’s Home Complete product. According to a joint media statement by SkyWorld and Alliance Bank on Tuesday (May 28), this product is available to…
Read MoreLSH Best Builders, Service Master to operate KL Tower via 20-year concession, says Fahmi Communications Minister Fahmi Fadzil said the decision was made after the government and the Public Private Partnership Unit (UKAS) evaluated tenders and proposals following a request for proposal (RFP) to manage KL Tower. PUTRJAYA (May 29): A joint-venture company established by…
Read MoreZaini is the 2024/2026 Rehda Selangor chairman. The Real Estate and Housing Developers’ Association (REHDA) Selangor Branch welcomes its new committee after announcing the line-up for its 2024/2026 term. The announcement was made after Rehda Selangor’s recent annual general meeting at Wisma Rehda. About 110 members attended the meeting. The newly elected and appointed committee…
Read MoreKUALA LUMPUR (May 28): Kerjaya Prospek Property Bhd (KL:KPPROP) plans to launch two new residential projects in the Klang Valley with a combined gross development value (GDV) of RM395 million this year. The first project located in Sentul comprises 587 units of serviced apartments in a 52-storey block, while the second one in Shah Alam…
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