Welcome to Bernama Property News Update, the main source for latest information on the property industry. Be the first to know whats going on the industry...

News

SEREMBAN, Nov 13 -- In its efforts to resolve the issue of abandoned housing project in Taman Rembau Bayu, in Rembau, the state government, together with officials from the Ministry of Housing and Local Government (KPKT) will meet with 27 home buyers who have been left in a lurch since 2014.

KUALA LUMPUR, Nov 13 -- SP Setia Bhd’s net profit for the third quarter ended Sept 30, 2019 rose to RM108.92 million from RM65.18 million in the same quarter last year.

KUALA LUMPUR, Nov 12  -- UEM Sunrise Bhd’s (UEMS) wholly-owned subsidiary, UEM Sunrise (St Kilda Road) Pty Ltd, is proposing to divest its property in Melbourne, Australia to Acme Co No. 4 Pty Ltd (Acme) for AUD$107.09 million (RM304.13 million)

KUALA LUMPUR, Nov 11 -- Chinese buyers accounted for RM8.4 billion worth of property sales in 2018, which is 12.1 per cent of the total transaction value and 0.4 per cent of total transaction share, according to an economics report from Chinese international property portal, Juwai.com, and Malaysian real estate agency network, IQI Global.

KUALA LUMPUR, Nov 5  -- Sunway Real Estate Investment Trust’s (Sunway REIT) net profit for the first quarter (Q1) of the financial year 2020 (FY2020) ended Sept 30, 2019 rose to RM78.82 million from RM73.00 million in the same period last year.