KUALA LUMPUR (May 23): Shares of Sime Darby Property Bhd (KL:SIMEPROP) climbed to its highest in nearly six years as analysts scrambled to raise their forecasts after the developer reported better-than-expected results. SimeProp rose as much as 5.6% or six sen to RM1.13, its highest since August 2018. The stock was trading at RM1.11, valuing…
Read MoreAn artist’s impression of Eaton Park in Ho Chi Minh city. PETALING JAYA: Property developer Gamuda Land celebrated milestones in its expansion to Vietnam, where the first two towers of Eaton Park were fully taken up during the preview over the weekend, while the Elysian apartment achieved a take-up rate of 93% for two out…
Read MoreKUALA LUMPUR (May 23): Radium Development Bhd today announced that it generated revenue of RM27.53 million in 1QFYE2024 and reported a profit after tax (PAT) of RM2.33 million for the quarter. The group maintained a gross gearing ratio of 0.03 times. Meanwhile, RM109.3 million from the group’s initial public offering (IPO) proceeds have been allocated for…
Read MoreKUALA LUMPUR (May 23): Public Bank Bhd (KL:PBBANK) has lost a case against a house buyer, who sued the bank for terminating a loan facility agreement after the first disbursement. The court found that the bank failed to provide documents of purported falsified supporting documents and claims that the customer inflated his income, which had…
Read MoreBy Joseph Wong Zero waste refers to a philosophy and lifestyle that aims to minimise the amount of waste generated by individuals, businesses and society as a whole. The philosophy applies to the real estate industry as well as any industry that generates waste. The goal is based on the 5Rs, namely reduce, reuse, recycle,…
Read MoreKUALA LUMPUR (May 21): Sime Darby Property Bhd (KL:SIMEPROP) reported that its first quarter net profit doubled year-on-year, as the property developer saw its quarterly revenue hit a record high on higher sales and successful project executions. The group’s net profit for the three months ended March 31, 2024 (1QFY2024) jumped 103.7% to RM123.58 million…
Read MoreKUALA LUMPUR (May 22): LBS Bina Group Bhd’s (KL:LBS) net profit rose by a marginal 0.11% to RM30.53 million in the first quarter ended March 31, 2024 (1QFY2024), from RM30.5 million a year earlier, helped by increased contribution from its property development business. Earnings per share increased to 1.49 sen from 1.48 sen. Quarterly revenue,…
Read MoreBy Joseph Wong Retirement is a much-anticipated phase in our lives – a time when we can finally relax at our own homes, travel to foreign lands or just savour the rewards of all that hard work. However, the question arises: Do you have enough to live comfortably? A quick survey showed that the sum…
Read MoreBy Joseph Wong Amidst the backdrop of escalating construction costs and the pervasive impact of inflationary pressures on the prices of goods and services, the inevitable consequence of rising property prices has become increasingly apparent. As economic forces continue to exert their influence on various sectors, the real estate market has found itself caught in…
Read MoreThis is an urban underground bus terminal with various people waiting for public transportation via buses and trains in Bucharest, Romania. By Joseph Wong IN Malaysia, the conventional paradigm of urban expansion without limits is swiftly losing relevance. Faced with the looming threat of climate change and the undeniable constraints of finite resources, it’s crucial…
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