KUALA LUMPUR (Aug 1): YTL Hospitality Real Estate Investment Trust’s (YTL Hospitality REIT) net property income (NPI) for the fourth quarter ended June 30, 2023 (4QFY2023) rose 5.6% to RM59.94 million, from RM56.76 million a year earlier, on improved performance from its hotel segment. Also contributing to the higher income and fair value gain on its…
Read More“PKNS is targeting RM1 billion this year, but due to the slow economy, thus far we have only achieved RM600 million in sales.” BANGI (July 29): The Selangor State Development Corp (PKNS) aims to reach RM1 billion in sales next year for residential and industrial projects, said its deputy chief executive officer (Property Development) Md…
Read MoreKUALA LUMPUR (July 28): A total of 20,000 first-time house buyers, will benefit from government guarantees of up to RM5 billion provided through the Housing Credit Guarantee Scheme under Syarikat Jaminan Kredit Perumahan (SJKP). Local Government Development Minister Nga Kor Ming (pictured) said through the improvement, which provides financing guarantees of up to 120%, more…
Read MoreMd Kamarzan testing one of the sportscars at the supercar show. BANGI: The Discover PKNS 2023 campaign, at its third location in Bandar Baru Bangi, attracted a good crowd, particularly those residing in Bangi, Kajang, Putrajaya, and Selangor Cyber Valley. The event, known as Discover PKNS @ Selangor Cyber Valley, offered a range of carnival-like activities, which…
Read MoreGiving the thumbs up are Rodziah (sixth from left), Raja Ahmad Shahrir (sixth from right), Amirudin (fifth from right) and dignitaries at the ground-breaking ceremony. SHAH ALAM: Permodalan Negeri Selangor Bhd (PNSB) and MGB Bhd have launched the third phase of the highly successful Rumah Idaman MBI project, namely Idaman Cahaya, at Cahaya Alam, Shah…
Read MoreKUALA LUMPUR – A total of 20,000 first-time house buyers, will benefit from the government guarantees of up to RM5 billion provided through the Housing Credit Guarantee Scheme under Syarikat Jaminan Kredit Perumahan (SJKP). Local Government Development Minister Nga Kor Ming said through the improvement, which provides financing guarantees of up to 120 per cent,…
Read MoreKUALA LUMPUR (July 27): Oriental Interest Bhd (OIB) registered a net profit of RM12.4 million in the third quarter ended May 31, 2023 (3QFY2023), a 42.24% decline from RM21.46 million a year earlier, due to higher staff costs as the group sought further expansion. Earnings per share fell to 2.67 sen from 4.62 sen, the…
Read MoreKUALA LUMPUR (July 28): CGS-CIMB has maintained its “add” rating of Sime Darby Property Bhd at 59 sen, with an unchanged target price of 73 sen, and said it was positive on the developer’s plans to introduce solar solutions for townships by leasing rooftops from homebuyers to instal solar panels, and supply to offtakers. In…
Read MoreKUALA LUMPUR (July 27): The government has announced that it will provide up to RM5 billion in loan schemes under the Housing Credit Guarantee Company (SJKP) to facilitate first-home purchases. Subsequently, the government said that it had improved the SJKP loan scheme, now providing a financing guarantee of up to 120% of the house price…
Read MoreKUALA LUMPUR (July 26): Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) fell 7.58% to RM58.43 million in the second quarter ended June 30, 2023, from RM63.23 million a year earlier, due to lower property income, higher expenses and lower gains on financial liabilities. Revenue for the quarter fell 5.6% to RM68.45…
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