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Penang Property Focus: Tambun Indah: He who laughs last...

Sixteen years ago, when Tambun Indah managing director Teh Kiak Seng was toying with the idea of building a gated and guarded residential development in Bukit Tambun, Seberang Perai on the Penang mainland, his friends laughed a

Al-Hadharah Boustead REIT post lower 2Q net profit

KUALA LUMPUR: For its second quarter for the financial year ending Dec 31, 2010 (2QFYE10), Al-Hadharah Boustead REIT's net profit decreased 3.8% to RM15.9 million, compared with RM16.5 million in the same period a year ago due to unrealised loss on valuation of quoted securities.