S P Setia Bhd has released its financial results for the third quarter of 2023 (3Q2023), with QoQ revenue growing 25% to RM1.08 billion from RM860.9 million.

Matrix Concepts Holdings Bhd's net profit grew 27% for the second quarter ended Sept 30, 2023 (2QFY2024) fuelled by improved construction activities as labour shortage issues dissipate.

Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (Hektar REIT), reported that it has achieved an 87.7% occupancy rate for its retail asset portfolio in 3Q2023, with Mahkota Parade, Melaka and Wetex Parade, Johor having reached 93%, while Kulim Central, Kedah achieving almost 98%.

The Tun Razak Exchange (TRX) tunnel will be open to the public on Nov 29 coinciding with the opening of The Exchange TRX mall and the 10-acre rooftop TRX City Park. 

Widad Group Bhd’s unit has secured a RM116.8 million contract to build Phase 1A of the Tok Bali Industrial Park in Gong Kulim, Kelantan for the East Coast Economic Region Development Council.

Chin Hin Group Bhd’s net profit for the third quarter ended Sept 30, 2023 (3QFY2023) fell 29.38% to RM11.59 million from RM16.41 million a year ago, due to higher administrative expenses and finance cost.

Land & General Bhd (L&G) has appointed a new director to its board while redesignating one of its directors to a senior director.

SkyWorld Development Bhd has declared its first interim dividend of RM12.5 million or 1.25 sen per share for the second quarter ended Sept 30 (2QFY2024), after posting a net profit of RM19.1 million or 2.53 sen per share.

Noteworthy:

• Leasehold
• Built up size: 786 sq ft
• 1 bedroom, 1 bathroom
• Fully-furnished
• Nearby amenities: Convenience stores, F&B outlets, The Gardens Mall, MidValley Megamall, LRT Abdullah Hukum, LRT Universiti
• Accessibility:  NPE highway, KESAS highway

When: October 2023

The ban on short-term rental in Penang has resulted in an increase in property values and rental yields, according to Eastern & Oriental Bhd (E&O).