With the expansion of the Klang Valley Integrated Transit System, savvy property buyers are securing homes near train stations to take advantage of the current and future rail connectivity. Train station is the new “location” now for property hunting. That is not surprising as living near a light rail transit (LRT) station or mass rapid…
Read MoreGEORGE TOWN: There are 2,947 property units categorised as “overhang” or unsold in Penang as of the third quarter of this year (3Q 2023), said state Housing and Environment Committee chairman Datuk Seri S. Sundarajoo. According to the National Property Information Centre, 503 of the unsold units are priced below RM300,000, or 17 per cent…
Read MoreKUALA LUMPUR (Nov 29): Analysts have shrugged off any potential impact on KLCCP Stapled Group’s prospects by the opening of the The Exchange TRX mall as well as inflationary pressures. In a research note, CGS-CIMB said the group’s Suria KLCC mall is unlikely to be impacted by the recently opened rival mall, as it is…
Read MoreKUALA LUMPUR (Nov 28): Gadang Holdings Bhd is acquiring a 21.08-acre land in Kwasa Damansara for RM114.78 million, or RM125 per square feet, to be developed into a residential project. The group is acquiring the land via its indirect wholly-owned subsidiary Elegance Sonata Sdn Bhd (ESSB) from Kwasa Development (3) Sdn Bhd (KD3), said Gadang…
Read MoreKUALA LUMPUR (Nov 28): Radium Development Bhd, which was just listed on the Main Market of Bursa Malaysia less than half a year ago on May 31, posted a net profit of RM3.76 million for its third quarter ended Sept 30, 2023 (3QFY2023), on the back of revenue of RM46.78 million. This represents a 46.3%…
Read MoreKUALA LUMPUR (Nov 28): IGB Bhd’s net profit for the third quarter ended Sept 30, 2023 (3QFY2023) rose 21.33% to RM58.03 million from RM47.83 million in the corresponding quarter a year earlier, as it recorded higher contributions from all operating segments except for the property development segment. Revenue rose 25.87% to RM395.1 million from RM313.89…
Read MoreBayu Avenue comprises 16 units of double-storey shop offices. SELANGOR: SP Setia has announced the launch of Bayu Avenue, the third phase of commercial development in its Setia Bayuemas township. The new units comprise 16 freehold double-storey shop offices, with an RM21.86mil gross development value (GDV). Priced from RM1.15mil, the shop offices are 22ft by…
Read MoreKUALA LUMPUR (Nov 29): IJM Land Bhd announced the groundbreaking of Lotus’s hypermarket at its IJM Rimbayu township development in Selangor in a press release on Wednesday. The hypermarket has a 30-year lease term and is set to be completed in 4Q 2024. IJM Land CEO Datuk Wong Tuck Wai said, “The commencement of Lotus’s…
Read MoreKUALA LUMPUR (Nov 28): KLCCP Stapled Group’s net profit rose 4.96% to RM185.34 million in the third quarter ended Sept 30, 2023 (3QFY2023), from RM176.59 million a year ago, on improved hotel and management services while the office segment remained steady. The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust…
Read MoreKUALA LUMPUR (Nov 29): The Ministry of Local Government Development has successfully implemented 4,900 projects, the highest number ever recorded by the ministry, for the well-being of the people within the one-year administration of the Madani government, according to Minister Nga Kor Ming (pictured). He said these projects included upgrading markets and public toilets, repairing…
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