SkyWorld records revenue of RM210.8m for first quarter
From this, a net profit of RM42 million, equivalent to 7.32 sen per share, was derived.
Addressing disparity between advertised and end product in housing industry
Mismatched expectations between show units and actual units have become fertile grounds for contention between developers and purchasers.
UEM Sunrise to exit South Africa with sale of Roc-Union stake for RM29.5m under strategic plan
UEM Sunrise Bhd will be exiting the South African market with the proposed disposal by its indirect wholly owned subsidiary UEM Sunrise South Africa Proprietary Ltd of an 80.4% stake in Roc-Union Proprietary Ltd and claims of total shareholder advances worth 118.4 million rand (RM29.5 million).
IOI Properties pays five sen dividend as annual profit doubles to RM1.39 bil
IOI Properties Group Bhd closed its financial year ended June 30, 2023 (FY2023) with net profit doubling to RM1.39 billion from RM686.74 million in FY2022, thanks to a 26% increase in operating profit in its property investment portfolio and a fair value gain that contributed RM716.8 million, while revenue was largely unchanged at RM2.59 billion.
Property developers with exposure to Johor gain investors’ interest after govt bid to turn Forest City into special financial zone
Several real estate developer stocks caught investors’ interest in Monday (Aug 28) morning trade, following Putrajaya’s unveiling intention to turn Johor’s Forest City, developed by China’s beleaguered Country Garden, into a special financial zone.
Sime Darby Property raises FY2023 sales target after 1H sales exceeded forecasts
It also posted higher unbilled sales of RM3.8 billion as at June 30, versus RM3.6 billion as at Dec 31, 2022.
WORQ achieved 70% occupancy for its seventh outlet prior to launch
Co-working and flex space provider WORQ officially launched its seventh co-working space in Menara UOA Bangsar, Kuala Lumpur last Friday (Aug 25).
Focus of catalytic developments will shift to M'sia-S'pore Second Link, says RHB Research
More catalytic developments will likely shift to the vicinity of the Malaysia-Singapore Second Link as there is more land and well-developed infrastructure and connectivity, said RHB Research in a note on Monday (Aug 28).
Malvest Group, Lagenda Tunjong to develop RM1.2 bil Tunjong Commercial Hub in Kelantan
Developer Malvest Group has inked an MoU with Lagenda Tunjong Sdn Bhd to jointly develop the Tunjong Commercial Hub in Bandar Baru Tunjong, Kota Bharu, Kelantan.
Berjaya Land back in the black after three straight years of losses
Berjaya Land Bhd (BLand) returned to the black with a net profit of RM148.8 million for the year ended June 30, 2023 (FY2023) on the back of higher revenue, after three consecutive years of losses.
