OCR Group tops out The Mate at Damansara Jaya with 80% take-up
OCR Group Bhd has topped out its mixed-development The Mate located in Damansara Jaya, Petaling Jaya with a take-up rate of 80%, according to a press release on Wednesday.
Glomac surges to three-year high as investors bet on better days ahead after below-view 3Q
Shares of Glomac Bhd surged to its highest in three years, as investors and analysts bet on better sales and margins ahead, even after the property developer reported weaker-than-expected results.
S P Setia to continue cutting debt, preparing for potential REIT
Malaysian property developer S P Setia Bhd plans to continue cutting its debt as well as sell more unimportant assets and improve its investment properties for a potential real estate investment trust (REIT).
Holiday Inn Express Hotel KL up for sale — Colliers
The Holiday Inn Express hotel in the Kuala Lumpur city centre has been put up for sale by its privately owned owner Winbond Group, according to real estate firm Colliers.
Ewein buying land in Butterworth to develop workers’ dormitory
Ewein Bhd is acquiring a vacant piece of industrial land in Butterworth for RM25.84 million to develop a workers’ dormitory in a related party transaction.
Glomac’s 3Q net profit surges on higher property development revenue
Glomac Bhd’s net profit jumped by over 800% to RM3.81 million for its third quarter ended Jan 31, 2024 (3QFY2024), from RM419,000 a year earlier, driven by higher revenue from its property development and property investment business.
Avaland tops out Aetas Damansara at Persiaran Tropicana
The development is targeted for vacant possession (VP) in 1Q2025, which is about six months ahead of schedule from its initial expected completion date in 2Q2025.
Scientex 2Q net profit climbs 33% as billings rise, new launches help
Net profit for the three months ended Jan 31, 2024, rose to RM141.01 million from RM106.29 million a year earlier.
Analysts keep 'overweight' on construction sector, favours key players in Pan Borneo project, flood mitigation
CIMB Securities Sdn Bhd said that tender activities for Phase 1B of Sabah Pan Borneo Highway seem to be picking up with the award of several new contracts.
Binastra posts record profit as construction segment continues to drive earnings
Revenue more than doubled to RM155.37 million from RM73.78 million in 4QFY2023.
