Assuming that the SUKE package is worth RM900 million to RM1 billion and Gabungan AQRS secures a 50% share of work as a subcontractor, we believe this would lift its order book by RM400 million to RM500 million. As a subcontractor, its profit before tax (PBT) margin is generally low at about 6%.

IOI Prop derives recurring income from investment properties by leasing out office buildings and retail space.

KLCCPSG reported a profit after tax and minority interest of RM360.6 million for 1HFY16, a 0.6% growth y-o-y, coming in within our and the consensus expectations, making up 48% of forecasts.

The property will be leased back to SCBC for a fixed long-term lease of 15 years, with a 10% step-up in rental rates (starting from RM281,000 per month) after every three years and a renewal option for another five-year term after the lease expires.

MQREIT declared a dividend of 4.23 sen for the first half of FY16 ended June 30, 2016 (1HFY16), compared with 4.1 sen for 1HFY15, going ex on Aug 16, 2016, representing an annualised yield of 7.05% at a payout ratio of about 91.4%.

Bina Puri Holdings Bhd has accepted the award from Arus Sutera Sdn Bhd for the role of project management consultant for the design and build of 440 flat units (5-storey walk-up flats) and associated works for Program Perumahan Rakyat (PPR), in Pitas, Sabah.

THE slowdown in the property market is not news to developers and the public. But some developers have weathered the headwinds by planning carefully and implementing good strategies. For a glimpse of this, we asked the winners (Top 10) of last year’s The Edge Malaysia Top Property Developers Awards for their views at the start of the evaluation of this year’s Top 10 ranking.

National Property Information Centre primary property market preliminary data also showed that overall units launched and sold in 1H16 plunged to 10,655 units (1H15: 49,280 units) and 2,732 units (1H15: 23,909 units) respectively.

LBS owns 60% of the ZIC, which sits on prime developable land in Zhuhai, China