In view of the healthy take-up rate of its properties in Penang, Eastern & Oriental Bhd (KL:E&O) plans to launch three new projects in the state with an estimated gross development value (GDV) of RM1.63 billion in 2024 and 2025.
Kerjaya Prospek Property Bhd (KL:KPPROP) plans to launch two new residential projects in the Klang Valley with a combined gross development value (GDV) of RM395 million this year.
All 122 units of Sime Darby Property Bhd's (KL:SIMEPROP) Elmina Ridge 1 (phase one) residential development in the City of Elmina, Shah Alam has been fully taken up.
E&O said revenue for the full year rose to RM422.83 million from RM318.07 million.
Year-on-year quarterly net profit growth remained positive, despite a 17.6% drop in revenue to RM70.25 million in 1QFY2024, as compared to RM85.24 million a year earlier, thanks to an increase in other income logged.
Shares in Southern Score have surged in the past few days, rising 21.5 sen or 46.24% from May 21’s close of 46.5 sen to a record high of 68 sen on Monday.
Fong was previously Rehda Youth chairperson from 2016 to 2018.
Property developer Matrix Concepts Holdings Bhd (KL:MATRIX) said on Monday that its net profit rose 7.16% for the fourth quarter from a year earlier thanks to higher sales and a one-off writeback.
KIP Real Estate Investment Trust (KL:KIPREIT), which mainly manages retail properties, said on Monday it plans to acquire seven-floor DPulze Shopping Centre for RM320 million.
S P Setia Bhd (KL:SPSETIA) chief operating officer Datuk Zaini Yusoff (pictured) has been reappointed as chairman of the Real Estate and Housing Developers' Association Malaysia (Rehda) Selangor Branch for the term of 2024-2026.
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