Eco World Development Bhd (EcoWorld)’s net profit dropped 42.72% to RM42.84 million for the fourth quarter ended Oct 31, 2021 (4QFY21), from RM72.27 million a year ago, on lower contribution from its Malaysian joint ventures (JVs) and its international arm Eco World International Bhd (EWI) due to the lockdown.

“To upskill and improve the digital marketing capability of property developers (marketing and sales teams), Rehda Institute will look into developing a suitable DMTI through a certification programme in 2022 partnering with relevant universities and other partners.

At a joint press conference by Rehda and Rehda Institute on Thursday (Dec 16) titled "Current issues facing the marketing and sales of properties in Malaysia", he said: "In 2022, we still wouldn't be back to that level. So, given that the economic scenario is challenging, one of our major requests is to extend the Home Ownership Campaign (HOC), so that economic growth can continue and the sector can be supported in the coming year.

Noteworthy:

• Freehold
• Unfurnished
• Built-up: 11,650 sq ft
• Two bathrooms
• Accessible via Kajang Dispersal Link Expressway, Cheras-Kajang Expressway, Sungai Besi Expressway and north-South Expressway

When: September 2021

The 19th TPDA anchors The Edge Malaysia Property Excellence Awards (TEPEA) 2021, which were presented at the gala dinner on Tuesday (Dec 14) night at the Shangri-La Hotel Kuala Lumpur, and graced by the Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican.

Noteworthy:

• Freehold

• Fully-furnished

• Built-up: 10,269 sq ft

• Three bathrooms

• Shared services centre set up with 100 workstations

• Amenities: Nu Sentral Mall, KL Sentral transit hub

When: September 2021

In an article slated to appear in the Dec 31, 2021 issue of Forbes Asia, the magazine keeps the list to a select group of 15.

In the joint statement issued on Monday (Dec 13) by Master Builders Association Malaysia, Real Estate and Housing Developers’ Association Malaysia, Persatuan Kontraktor Melayu Malaysia, Persatuan Kontraktor Bumiputera Malaysia, Guild of Bumiputera Contractors Wibawa, the United Malaysia Contractors Association and Pesatuan Kontraktor India Malaysia, the representatives of the sector said the hike of building material prices have resulted in a 13% to 20% increase in construction cost.

According to the Real Estate & Housing Developers’ Association (REHDA) the property sector was not spared from the spiralling effect of various movement curbs to stem the spread of Covid-19 in the country.

He said GiatMara was responsible as the implementing agency for 180 units of newly built houses and 1,162 units of refurbished houses with an allocation of RM29.7 million, while the rest was implemented by the Sarawak Modernisation of Agriculture, Native Land and Regional Development Ministry (MANRED).