News by M

In some cases, as development makes it unfeasible to continue running these factories and their addresses become prime areas with the passage of time, it only makes sense to repurpose these structures.

PAM-Tan Sri Chan Sau Lai Architecture Award recognises outstanding achievements in design by architectural graduates and gives them a head start in the profession and industry.

Lack of uniform standards had resulted in higher building costs.

Prices on the secondary market here are strong, mirroring that of adjoining Kota Damansara. A major catalyst is the Tropicana Gardens project, which includes an MRT station and a mall, where residences were launched at over RM1,000 per square foot (psf).

Mah Sing Group Bhd has revised its sales target for the year to RM2.3 billion from RM3.4 billion and has also scaled back its launches to RM2 billion from RMM3.4 billion amid a softer market.

Retail part of integrated development expected to attract out of state and Thai clientele.

In the review period, transactions of non-landed residences in the secondary market have yet to breach the RM1,000 psf level, although this will likely change once Tropicana Gardens is completed, as primary prices there have exceeded that threshold.

RHB Research Institute says slowing growth in the second half of the year could be supported by mega infrastructure projects such as the Mass Rapid Transit (MRT) line extension. 

The 1HFY15 core net profit represents 65% and 58% of our and consensus estimates. The operating result was beyond expectations, with estimated earnings before interest and taxes at 76% of our full-year forecast.

Revenue for 1QFY15, however, declined 46.9% to RM68.89 million from RM129.74 million for 1QFY14, the property developer’s filing with Bursa Malaysia showed yesterday.