A few more REITs
CONTINUING with our article feature on real estate investment trusts (REIT) in Malaysia — we discussed the Al-Aqar KPJ REIT and AmFIRST REIT in our previous article — we have chosen three others to highlight today.
Latest
Peak house expected to fetch record price
HONG KONG: Sellers of a luxury house on The Peak are confident of achieving a record price following the positive result at this week's land auction.
The Shang family, owners of the China Can Company, appointed property agency Jones Lang LaSalle to conduct a tender for the 62-year-old house at 20 Peak Road. The tender will close on Sept 15.
Small flats, big prices, bigger disappointment
HONG KONG: Middle-income earners hoping that government exhortations to developers to build more smaller, affordable flats will bear fruit are in for a disappointment.
Opportunity for EPF contributors to buy high-end houses
KUALA LUMPUR: From Aug 1, Employees Provident Fund (EPF) contributors who have not made withdrawals for buying houses or to reduc
their housing loans, will have the chance to purchase costlier houses under the Fund's Flexible Housing Withdrawal scheme.
HK$10.4b Peak sale shows strength of luxury market
HONG KONG: A site on The Peak fetched the third-highest land price in the city's history on Wednesday, July 28 underscoring the continued strength of the luxury residential market.
Nan Fung Development and The Wharf (Holdings) paid HK$10.4 billion (RM4.27 billion) in an auction for the site at 103 Mount Nicholson Road — HK$32,014 per square foot.
Malaysia not facing property bubble
KUALA LUMPUR: The Malaysian property market is not in any danger of facing a bubble as prices have been stable, industry players said at a panel discussion at the 13th National Housing and Property Summit on Thursday, July 29.
Gadang posts RM3.38m net profit in 4Q
KUALA LUMPUR: Gadang Holdings Bhd posted a net profit of RM3.38 million for the fourth quarter ended May 31, 2010 (4Q), surging from RM954,000 a year ago.
Meanwhile, revenue dipped 4% to RM78.3 million from RM81.87 million.
Eupe 1Q posts RM377,000 net profit
KUALA LUMPUR: Eupe Corporation Bhd posted a net profit of RM377,000 in the first quarter ended May 31, 2010 (1Q), surging from RM63,000 a year ago.
Melati Ehsan Holdings net profit down by 63% to RM1.13m in 3Q
KUALA LUMPUR: Melati Ehsan Holdings Bhd posted a net profit of RM1.13 million for the third quarter ended May 31, 2010 (3Q), down 63% from RM3.06 million a year ago on the back of lower construction activities.
Revenue declined by 35% to RM30.9 million from RM47.38 million, the company said on Thursday, July 29.
Quill Capita Trust posts RM8.29m in net profit for 2Q
KUALA LUMPUR: Quill Capita Trust has posted a net profit of RM8.29 million for its second quarter ended June 30, 2010 (2Q), up by 2% from RM8.08 million a year ago, in line with its investment objectives, the company said.
