LSH 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…
Read MoreKUALA LUMPUR (May 28): All 122 units of Sime Darby Property Bhd’s (KL:SIMEPROP) Elmina Ridge 1 (phase one) residential development in the City of Elmina, Shah Alam has been fully taken up. The entire Elmina Ridge 1 development comprises 228 units of superlink, cluster and semi-detached homes with a total gross development value (GDV) of…
Read MoreKUALA LUMPUR (May 28): The Real Estate and Housing Developers’ Association’s (Rehda) Federal Territories (Kuala Lumpur) branch has appointed Carrie Fong Kah Wai, of Hedgeford Sdn Bhd, as its chairperson for the 2024-2026 term. Fong was previously Rehda Youth chairperson from 2016 to 2018. Meanwhile, IGB Bhd’s Tan Yee Seng was elected deputy chairperson, according…
Read MoreKUALA LUMPUR (May 28): Bursa Malaysia has issued an unusual market activity (UMA) query to Southern Score Builders Bhd (KL:SSB8), scrutinising the recent sharp rise in the ACE Market-listed construction outfit’s share price. Shares in Southern Score have surged in the past few days, rising 21.5 sen or 46.24% from May 21’s close of 46.5…
Read MoreKUALA LUMPUR (May 28): Eastern & Oriental Bhd’s (KL:E&O) net profit for the financial year ended March 31, 2024 (FY2024) tripled to RM133.61 million, from RM44.54 million a year earlier, on the back of higher revenue from the properties segment. In a bourse filing on Tuesday, E&O said revenue for the full year rose to RM422.83 million…
Read MoreKUALA LUMPUR (May 28): UOA Development Bhd’s (KL:UOADEV) net profit for the first quarter ended March 31, 2024 (1QFY2024) rose 7.8% to RM49.7 million versus RM46.1 million a year ago, despite lower revenue. Year-on-year (y-o-y) quarterly net profit growth remained positive, despite a 17.6% drop in revenue to RM70.25 million in 1QFY2024, as compared to…
Read MoreKUALA LUMPUR (May 24): Construction outfit TRC Synergy Bhd (KL:TRC) said it has secured a RM142.34 million subcontract for the “proposed transformation” of a state legislative building. The group said its wholly owned subsidiary Trans Resources Corp Sdn Bhd (TRCSB) was awarded the subcontract to undertake architectural, structural and civil works at the building by…
Read MoreKUALA LUMPUR (May 24): MKH Bhd (KL:MKH) said its net profit fell 17.23% to RM20.74 million for its second quarter ended March 31, 2024 (2QFY2024), from RM25.06 million a year earlier, dragged down by lower unrealised foreign exchange gains. Earnings per share dropped to 3.59 sen from 4.34 sen previously. The group, which is mainly…
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