News by M

Earnings per share rose to 1.45 sen from 1.33 sen previously, according to the property developer’s bourse filing on Wednesday (May 18).

Noteworthy:

• Freehold

• Built-up: 4,716 sq ft

• Land size: 1,582 sq ft

• Fully furnished

• Amenities: Starling Mall, varieties of F&B outlets and convenience stores, financial institutions and KPJ Damansara Specialist Hospital

• Accessibility: Damansara-Puchong Expressway (LDP), Sprint Expressway and Jalan Damansara

When: October 2021

The Asia-Pacific Prime Office Rental Index for 1Q2022 increased 0.8% quarter-on-quarter (q-o-q), after rising by 0.3% in the preceding quarter – indicating a sustained economic recovery from 4Q2021. This is despite a turbulent first quarter of the year with multiple resurgences of Covid-19 in several markets, accelerating inflation and the Russian invasion of Ukraine weighing down market sentiments, said Knight Frank.

Under the partnership, Affin Bank will be offering up to RM300 million worth of end-financing for OSK Property's homebuyers. Existing Affin Bank customers will also enjoy a special freebie by purchasing any properties under OSK Property.

Noteworthy:

• Freehold

• Built-up: 5,984 sq ft

• Land size: 1,496 sq ft

• Unfurnished

• Amenities: Pavilion Bukit Jalil, Bukit Jalil Recreational Park, Bukit Jalil Stadium, Technology Park Malaysia, Bukit Jalil Golf and Country Resort

• Accessibility: Lebuhraya Bukit Jalil, Shah Alam Expressway (KESAS) and Maju Expressway

When: November 2021

"The proposed debt settlement as well as the listing of and the quotation for the new settlement shares will be implemented after the proposed share consolidation and proposed bonus issue of warrants," said the property developer in a filing with Bursa Malaysia.

In a research note on Tuesday (May 17), HLIB highlighted that following a recent virtual briefing, it also considers MRCB to be a strong contender for Mass Rapid Transit 3 (MRT 3) civil packages, with it being the largest listed bumiputera contractor. 

The loan documentation is a tedious and complex process with every bank having its own drawdown requirements and processes. The following is a checklist (which varies from bank to bank) that conveyancing lawyers have to perform and undertake for the purchasers’ banks. 

In a sector update on Friday (May 13), the research house said that its in-house economist predicted another hike in overnight policy rate (OPR) by 25 basis points (bps) in July this year.