News by M

“Most of our buyers are from the younger generation as a majority of them are below age 40 while about 30% to 35% of them are below age 30,” Aset Kayamas executive director Michael Chai told TheEdgeProperty.com.

Matrix Concepts Holdings Bhd is putting its plans to expand its property development business overseas on hold, as it strives to cater to existing demand for properties in Malaysia.

S P Setia Bhd’s first foray into Bukit Tinggi, Klang has been well-received. The first tower of serviced apartments at its integrated development Trio by Setia has achieved 60% take-up over its weekend launch on April 8.

The industrial premises, which sits on a 3.23ha plot, comprises a three-storey office building with an annexed single-storey factory, two blocks of single-storey factories and a guardhouse.

We remain upbeat about WCT Holdings Bhd’s infra outlook, but this is offset by property sales risks.

Shares in the company settled at their highest closing price of RM6.20 yesterday, after just some 62,200 shares were traded.

The counter climbed RM1.05 or 20.39% today to close at RM6.20 following trades of 62,200 shares. Over the past week, the counter has gained RM2 or 48% since its closing of RM4.20 on April 5.

Property developer S P Setia Bhd has submitted a bid to acquire a residential plot of land at Toh Tuck Road in Singapore.

MIDF Research has projected the construction industry to grow by 6.5% this year, lower than Construction Industry Development Board's (CIDB) forecast of 8% and the sectoral growth rate recorded in 2016.

Mulpha International Bhd’s resort on the Great Barrier Reef in Australia will be closed till mid-2018 for rectification works following “sufficiently extensive” damage caused by Cyclone Debbie on March 28.