168 Park Selayang unveils Village Grocer as anchor tenant for mall
Comprising residential and retail components, 168 Park Selayang is a white knight development project located along Jalan Kuching in Selayang.
Matrix Concepts’ 1Q net profit rises 37% to RM64.6m, declares 2.5 sen dividend
Earnings per share was 5.16 sen versus 3.76 sen previously.
Sime Darby Property issues RM600m sukuk under RM4.5b programme
This is the second issuance under the sukuk programme.
LBS Bina drops 6% in 2Q on lower contribution from property development business
Quarterly revenue declined by 8.52% to RM375.39 million, from RM410.37 million a year earlier.
Ewein announces boardroom changes, appoints Tay Seng Chew as executive chairman
He replaces Ewe Lay Khim, who is resigning to pursue other business interests and personal commitment.
Fajarbaru forms JV with hostel management company for RM172.4m-GDV labour quarters project
FLM owns a 60% stake in the JV, Fajarbaru Dynamic Development Sdn Bhd (FDD), while CDSB owns the remaining 40%.
Lagenda Properties' net profit falls 34% on lower property development contribution, higher finance costs
Profit before tax of its property development segment dropped 47.9% to RM37 million in 2QFY2023, from RM71.07 million a year ago as revenue for the segment fell 31.4% to RM159.98 million, from RM233.08 million previously.
Zecon managing director Zainal Abidin raises stake in company
Zainal acquired the stake comprising 14.95 million shares on the open market on Aug 18.
Apex Securities starts coverage of Lagenda Properties with fair value of RM1.52
The research house said the demand for affordable housing remains neglected while unsold units in other segments remain high as they exceed affordability levels.
Johor Bahru property prices, rentals catching up with Klang Valley on RTS Link, strong Singapore dollar — RHB IB
Property prices of high-rise projects and rental rates at shopping malls in the Johor Bahru city centre are now close to rates in the Klang Valley, driven by the effect of the Johor Bahru-Singapore Rapid Transit System (RTS) Link and a strong Singapore dollar.
