KUALA LUMPUR (June 22): Eco World Development Group Bhd recorded RM2.4 billion sales in seven months of FY2023, representing 68.5% of the group’s FY2023 sales target. This is higher than the RM2.17 billion recorded in the same period of FY2022, the developer announced in a media release today. Demand for the products of Eco Business…
Read MoreKUALA LUMPUR (June 22): Career changes are never easy and it can be prompted by a myriad of reasons. One case in point is CID Realtors Sdn Bhd real estate negotiator Daniya Subramaniam, 42. Armed with a Bachelor of Arts (Honours) and Master of Arts in Marketing from the UK, she started off in the…
Read MoreKUALA LUMPUR (June 21): Glomac Bhd’s net profit fell 15.58% to RM13.92 million for its fourth quarter ended April 30, 2023 (4QFY2023), from RM16.49 million a year earlier, mainly due to higher expenses and finance costs. Administrative expenses rose to RM5.13 million from RM3.39 million in 4QFY2022, other operating expenses increased to RM8.12 million from…
Read MoreKUALA LUMPUR (June 20): The deal announced by developer S P Setia Bhd on Monday (June 19) pertaining to the divestment of 500 acres of freehold land in Semenyih, Selangor to peer Mah Sing Group Bhd for RM392.04 million, has been viewed positively by analysts in general. The land has an estimated gross development value…
Read MoreKUALA LUMPUR (June 20): Sunway Healthcare Group has unveiled its flagship senior living residence, Sunway Sanctuary in Bandar Sunway, Petaling Jaya, Selangor. Connected to the Sunway Medical Centre, Sunway Sanctuary sits atop Tower D of Sunway Medical Centre from Level 15 to 30. Catering to seniors above 55 years old, Sunway Sanctuary offers 235 units…
Read MoreKUALA LUMPUR (June 20): Due to higher construction material prices, TCS Group Holdings Bhd has scrapped its plan to develop a condominium project, known as Arcadia, in Kuala Langat, Selangor. The group, through its wholly owned units TCS Construction Sdn Bhd and Saujana Permai Development Sdn Bhd, had mutually agreed to terminate the letter of…
Read MoreKUALA LUMPUR (June 20): Datuk Noorazman Abd Aziz is resigning from his post as chairman of UEM Sunrise Bhd from July 1, after he was redesignated to chairman of CTOS Digital Bhd on May 26. According to the property developer’s bourse filing on Tuesday (June 20), UEM Sunrise cited the reason for the resignation of…
Read MoreKUALA LUMPUR (June 20): Scientex Bhd’s net profit rose 24.28% to RM109.78 million for the third quarter ended April 30, 2023 (3QFY2023) from RM88.33 million a year earlier, carried by the group’s property development business’ higher progress billing and robust demand for new launches. Earnings per share jumped to 7.08 sen as compared to 5.7…
Read MoreApex court upholds COA decision to quash DO for 45-storey apartment block on Jalan Jejaka In an unanimous decision, a three-member apex court bench led by Chief Judge of Malaya Datuk Mohamad Zabidin Mohd Diah dismissed the applications for leave to appeal by the Kuala Lumpur city mayor, the then Federal Territories minister, the Kuala…
Read MoreLocation map of Mah Sing’s Glengowrie Estate township. KUALA LUMPUR: Mah Sing Group Bhd (Mah Sing) has acquired 500 acres of freehold land in Semenyih from SP Setia Bhd, via its subsidiary Petaling Garden Sdn Bhd, for a cash consideration of RM392mil. The group entered into inter-conditional sale and purchase agreements with Elite Park Development Sdn…
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