KUALA LUMPUR (March 26): Binastra Corp Bhd, formerly known as Comintel Corp Bhd, posted a record-high net profit of RM15.38 million for its fourth quarter ended Jan 31, 2024 (4QFY2024), a jump of 176.32% compared with RM5.57 million a year earlier, on the back of higher revenue driven by its construction segment. Revenue more than…
Read MoreKUALA LUMPUR (March 26): Building and infrastructure construction company TCS Group Holdings Bhd has secured a contract worth RM140.27 million to undertake building works for a proposed commercial complex known as Bandar Seri Coalfields Retail Park in Sungai Buloh, Selangor. TCS accepted the project through its wholly-owned subsidiary, TCS Construction Sdn Bhd, which received the…
Read MoreKUALA LUMPUR (March 26): Malaysian property developer and packaging company Scientex Bhd’s net profit climbed 33% in the second quarter from a year earlier thanks to higher progress in billings and sales from new launches. Net profit for the three months ended Jan 31, 2024, rose to RM141.01 million from RM106.29 million a year earlier,…
Read MoreKUALA LUMPUR (March 26): Avaland Bhd topped out its fully sold Aetas Damansara condominium development located at Persiaran Tropicana, Selangor on Tuesday. In a press statement, Avaland said the development is targeted for vacant possession (VP) in 1Q2025, which is about six months ahead of schedule from its initial expected completion date in 2Q2025. The…
Read MoreRehda Selangor chairman Datuk Zaini Yusoff said that Mapex Selangor 2024 will bring the latest offerings of real estate opportunities in Selangor and Kuala Lumpur. PETALING JAYA (March 25): Real Estate and Housing Developers Association (Rehda) Selangor, which aims to make homeownership accessible for all homebuyers in Klang Valley, expects at least RM350 million in…
Read MoreAt the press conference are (from left) Loo, Zaini and Shanaz. PETALING JAYA: Over 9,000 residential units worth over RM4.8bil is up for grabs at the Malaysian Properties Expo (Mapex) Selangor 2024 which will be held at Pavilion Bukit Jalil from April 26 to 28, 2024. Organised by the Real Estate and Housing Developers’ Association…
Read MoreBy Joseph Wong and Yanika Liew If the oppressive heat of Malaysia’s increasingly frequent heat waves hasn’t yet rung alarm bells, the nation is in for a rude awakening. Even as the world embraces another Earth Hour on March 23, one can’t help but wonder what it all means for the real estate industry. …
Read MoreKUALA LUMPUR (March 22): EcoFirst Consolidated Bhd is alleging that its former directors had conspired with Kerjaya Prospek Group Bhd in the award of a RM404.35 million residential development project in June last year, which was subsequently terminated in November. After the termination, Kerjaya Prospek filed a lawsuit against EcoFirst’s wholly-owned unit, BCM Holdings Sdn…
Read MoreAt the MoU signing ceremony are (from Left) Chang, Nik Izuddin, Liew, Gu, Sherulanuar and Wen. PUNCAK ALAM: Eco Business Park V (EBP V), Eco World Development Group Bhd’s (EcoWorld) largest green business park, recently held a signing ceremony for the purchase of land and factory lots with 11 new companies. The signing included the…
Read MoreKUALA LUMPUR (March 25): The Housing and Local Government Ministry has recorded 117 abandoned projects covering 30,840 units of houses as at January 31 with 81 of them comprising housing projects priced RM300,000 and below. Its deputy minister Datuk Aiman Athirah Sabu (pictured) said the 81 projects involve 23,031 unit of houses and 12,565 buyers….
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