AmanahRaya REIT to dispose of land
Proposed to sell a piece of freehold land in Shah Alam to Nippon Express (M) Sdn Bhd for RM105 million.
Gamuda shares down 3.9% after analyst downgrade
Coupled with a more competitive operating landscape, Macquarie expects future order wins to be smaller in value and at lower margins.
Glomac 2Q net profit down 92% on absence of government grant
Glomac Bhd saw a 92.3% drop in second-quarter net profit.
WCT 3Q profit jumps 70.2% on stronger construction contribution
The group also saw positive contribution from its property development and investment division.
A debatable freeze
Some fear ban on luxury property projects will distort supply and demand equilibrium.
CIMB: Malaysia's move to freeze luxury property project approval 'positive'
“If the jurisdiction is only Kuala Lumpur, we expect this to mostly impact the high-end property developers..."
BNM governor highlights imbalances in property market as significant risk to overall economy in event of shock
"We have raised these issues for more than a year. Exposure of financial sector within this area is within a comfortable level. But if we're not careful, the oversupply could have a negative impact on the economy."
E&O 2Q earnings jump more than 5 times as property segment results doubles
E&O attributed the higher 6MFY18 revenue to higher revenue recognition from ongoing projects in Seri Tanjung Pinang (STP), Penang, namely The Tamarind, the Amaris Terraces and the Ariza Seafront Terrace.
Analysts expect strong 4Q for S P Setia after Battersea Power delivers in 9M17
Among the townships which still see underlying demand are Setia Alam, Setia Ecohill, Setia Eco Templer and KL Eco City.
Khazanah Research: Planned home rental law may spur the market
Datuk Charon Wardini Mokhzani: The government has to look at a sustainable solution for the long-term, which includes the promotion of renting homes.
