KUALA LUMPUR (August 22): Sime Darby Property Bhd has issued RM600 million worth of sukuk under the RM4.5 billion Sukuk Musharakah programme. This is the second issuance under the sukuk programme, which consists of Asean Sustainability SRI Sukuk Musharakah with a three-year tenor of RM200 million, Sukuk Musharakah with a five-year tenor of RM300 million,…
Read MoreKUALA LUMPUR (Aug 22): 168 Park Selayang, an upcoming mixed development located in Selayang, Kuala Lumpur, on Tuesday (Aug 22) announced Village Grocer as an anchor tenant for its community mall component. Comprising residential and retail components, 168 Park Selayang is a white knight development project located along Jalan Kuching in Selayang. The development’s two-storey…
Read MoreKUALA LUMPUR (Aug 22): Fajarbaru Builder Group Bhd has formed a joint venture (JV) with hostel management company Care Dynamic Sdn Bhd (CDSB) for a labour quarters project in Seremban. In a bourse filing on Monday (Aug 21), Fajarbaru said the group’s wholly-owned subsidiary Fajarbaru Land (M) Sdn Bhd (FLM) entered into a JV agreement…
Read MoreKUALA LUMPUR (Aug 22): Zecon Bhd group managing director Datuk Zainal Abidin Ahmad has acquired a 9.94% stake in the construction, property development and hospital maintenance group. Zainal acquired the stake comprising 14.95 million shares on the open market on Aug 18, according to the company’s bourse filing on Monday (Aug 21). This raised his…
Read MoreKUALA LUMPUR (Aug 22): Apex Securities Bhd has initiated coverage on Lagenda Properties Bhd, which specialises in developing affordable landed properties and integrated townships to the B40 and M40 income groups in Malaysia, at RM1.24 and fair value of RM1.52. In a note on Tuesday (Aug 22), the research house said the demand for affordable…
Read MoreKUALA LUMPUR (Aug 22): LBS Bina Bhd’s net profit fell 6.02% to RM33.01 million in the second quarter ended June 30, 2023 (2QFY2023), from RM35.13 million a year ago, due to lower contribution from its property development segment. Hence, earnings per share fell to 2.14 sen per share in 2QFY2023 from 2.25 sen per share…
Read MoreData from Bank Negara Malaysia revealed an 11% drop in home loan applications in June. PETALING JAYA: In the face of a challenging economic backdrop, potential homebuyers continue to resist higher listing prices, according to PropertyGuru Malaysia’s Property Market Report for the 2nd quarter 2023 (Q2 2023). The report indicated a significant 10.2% quarter-on-quarter (q-o-q)…
Read MoreTransactions for several high-rise projects around the Johor Bahru-Singapore Rapid Transit System Link have reached between RM900 and RM1,100 per square foot, closely mirroring property values in the Klang Valley. (Wikipedia pic) PETALING JAYA: The Johor Bahru-Singapore Rapid Transit System (RTS) Link and a robust Singapore dollar have boosted prices for high-rise properties and rental…
Read MoreFrom left are Ho, Tong and R Adrina at the recent press conference. PETALING JAYA: Unreleased bumiputera lots remain as one of the major hurdles in solving the unsold completed units, termed as the residential overhang. The two other major obstacles are end-financing loan rejection and high prices. The Real Estate and Housing Developers Association…
Read MoreKUALA LUMPUR (Aug 20): Communications and Digital Minister Fahmi Fadzil (pictured) has urged architects to ensure that their designs for new buildings in the country provide for these premises to be properly equipped with internet infrastructure. He said this is in line with the rollout of 5G, which is now readily available in Malaysia. “I…
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