News by M

Knight Frank Malaysia reported that the country's office sector will continue to improve this year due to the uptick in economic activities and improved business sentiments, following the country’s transition to the endemic phase.

LBS Bina Group Bhd’s second quarter net profit jumped 115.77% to RM35.13 million, from RM16.28 million a year earlier, on the back of its property development segment’s strong showing.

Southern Score Sdn Bhd, a construction management services company, is set to be acquired by G Neptune Bhd as part of the latter's proposed regularisation plan.

All 262 units of double-storey terrace homes under Phase 1 (Camellia) of Mah Sing Group Bhd's M Senyum project have been fully taken up in less than two months since its May 2022 launch.

Hong Leong IB (HLIB) Research has downgraded Sentral REIT to “hold” at RM1.01 with a lower target price (TP) of 91 sen (from 99 sen) and said Sentral REIT recorded 2QFY22 core net profit of RM18.5 million (-9.4% q-o-q; -2.3% y-o-y) and 1HFY22 core net profit of RM38.8 million (-2% y-o-y).

Kerjaya Prospek Group Bhd's net profit grew 78% year-on-year (y-o-y) to RM28.54 million for the second quarter ended June 30, 2022 (2QFY22), from RM16 million previously, as revenue strengthened amid improved progress of construction work activities.

UEM Sunrise Bhd is to dispose of its 80.4% stake in South Africa-based Roc Union-Proprietary Ltd for 142.6 million rand (RM38 million).

The dual-key condominium unit has become a common product offering among many new high-rise residential developments lately. As the name suggests, it is two separate condo units with a single address comprising the main unit and the smaller sub-unit, which is usually a studio.

If you find yourself in the vicinity of Setia Eco Park, a must-visit place is the D’Network F&B hub.

Malaysians are also increasingly well travelled and exposed to global standards, trends and forward-looking concepts. To gain a greater understanding of this and what Malaysians wish to experience in strata living, EdgeProp has partnered with Lendlease, an international real estate group, to conduct a survey, which has unravelled new and unexpected insights.