News by M

S P Setia Bhd expects its revenue to exceed the RM2 billion mark in the fourth quarter ending Dec 31, 2015 (4Q2015)

Klang is home to numerous new townships with all types of landed homes. The non-landed landscape, however, is more homogenous, consisting primarily of flats and medium-cost apartments. 

To date, the group has launched RM3 billion worth of properties in KL Eco City, which include a 35-storey strata office tower with a gross development value (GDV) of about RM306 million.

The 130-year-old Taiping market is set to undergo a major facelift in the name of tourism.

TheEdgeProperty.com, which in May launched property portals for Malaysia (www.theedgeproperty.com.my) and Singapore (www.theedgeproperty.com.sg), has seen traffic to the two sites grow by leaps and bounds, especially in September and October.
 

Ivory Properties chief operating officer Goh Chin Heng said Tropicana Ivory Sdn Bhd will kick-start the tender process in a matter of months, which was postponed twice after having problems getting approvals from the local authorities within the stipulated time which were prerequisites for the tender.

This area has been transforming over the years, with many top developers undertaking large projects.

Council licensing and urban services department director Iskandar Arifin said compliance to cleanliness rules was low in the wet market.

Net profit jumped over two times or 130.58% to RM16.48 million in the second quarter ended Sept 30, 2015 (2QFY16), from RM7.03 million a year ago, mainly from its overseas properties division.

This is premised on its solid track record as a concessionaire, and good construction, engineering and project management capabilities.